The copper era., 1902-02-13

ClarkS mines, together with the mines
on the northern border OF Mexico, will
be tributary to this refinery.
The new railroad from Bisbee, Ari-
IONA, to FL Paso, Texas, has done
much for the development of the
mineral zone.
Mining interests are watching the
silver mining operations of f. B. Gage
at Tombstone, as important develop
ments are expected there.
Wednesday George C. Gill, president
of the Holyoke National bank. of
Holyoke, Massachusetts, and one of
the directors Of the Shannon Copper
company, was in the city, en- route to
Clifton, to look at the company's prop
critics again. Mr.. Gill says the Shan
non has anticipated its last payment
on the Shannon mine, which payment,
was not due until next January, has
paid Mr.. Shannon in full and got Il
clear deed to the Shannon mine. He
says that the recent offer OF bonds
made by the company was over sub
scribed in twenty-five days, and that
all the bonds were taken by the stock
holders of the company, with the ex-
ception OF one lot. Owing to the
troubles of tie Amalgamated, the drop
in the price of copper, the general mix
the offer OF the bonds OF the Shannon
company, the price of the small
amount OF the Shannon stock that was
loose to be traded in on the curb de-
clined. The majority of the stock OF
this company is held in pool, and
cannot be traded by its owners before
the first of next January. When the
dealers saw how tho bond issue was
taken up, noticed how carefully the
company was managed, and saw the
confidence the informed stockholders
had in the company, the price on the
curb market Immediately advanced
and in about three days went from
eight dollars, its lowest point to, $3.50
bid for the stock aud none offered
for sale. Mr.. Gill says the way the
Shannon company has been managed
in its organization has been a surprise
to the Boston men familiar with the
organization OF companies. There has
been no enormous profits made by the
organizers, no manipulation of the
stock to scare out small tockholders,
but good Judgment and fair dealing
70 hA hA oh of ha
organizers, and this is SO uncommon as
to be noticeable. There are no Law
sons, Rogers, or Greenes connected
with the company Liberal.
Another new process of extracting
Oregonian, which promises much for
the future OF gold mining. William l..
Long ia the inventor of this new pro-
cess, which is much cheaper than the
old method and produces three times
the amount of gold that can be gotten
by the smelter. His claim is some
what similar to that of Prof. Wynne,
who recently died in Denver Long
has experimental with ore from var
ious sections with marked success. His
last experiment was made with tailings
from the Ashland smelter. He ex-
trscted forty-five cents from ten pounds
of tailings, or at the rate OF ninety
dollars to the ton after the smelter had
secured forty dollars per ton from the
same ore.
Superintendent John Molder, of the
Home Copper company, has moved his
camp from the Peacock mine to the
Buzzard's Shadow, where he is now
pushing work on the immense gold
leads which give promise of proving
veriiable bonanza. The property has
been visited by u number OF mining
men during the past few weeks and
they all unite in pronouncing it most
remarkable showing. The leads are
large and we'll defined, aud will average