Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-07-20
NEW YORK CAPITALISTS
Engaged in the Development of the
Promising Carrigan Group.

Prescott. Arizona, July 19.-(Special
correspondence of The Republican,
G. H. Akers of Phoenix came in yes
terday from New York. With him are
a number of eastern capitalists who are
owners or prospective owners of mining
property in YaVapai county. They are
registered at the Burke. The party is
composed of the following men: L. L.
Allen of Rochester, New York. He is 4
woCllen goods manufacturer one OF the
largest manufacturers of New York.
H. L. Bowlster of Rochester, New
York. also a manufacturer, identified
with the pin industry. and owns plant
employing hundreds of men making
steam governors. William Hubbard Of
Rochester, New York Mr.. Hubbard is
at the head of the big firm of brokers,
Spader & Co. known as the largest in
the east, with general offices in all the
large eastern cities 5. ?. Hooker Of
Leroy. New York. capitalist, lawyer,
member of the present state legisla-
ture and has been renominated to sue
coed himself. Dr. e. L. Riese of Chi
cage. who is one of the prominent phy-
sicians of that city and is identified
with Chicago capitalists. These gen
tlemen are here for the purpose of in
vesting in Arizona mines They say
that this is the richest mining district
in the world They leave today for
Congress. near which place some OF
them own properties. They all are de-
lighted with Prescott as a place TO take
a rest from business and think that
owning mines here Will be capital
thing to bring them to Arizona a part
of each year.
Last March Mr.. Hooker of this party
and DR.. o. F. Woodward becarqe in
terested in the Carrigan group rear
Congress. A company was imnedi
ately formed which bought the prop
erty. naming it the Senate company.
DR.. Woodward was made president.
Calvin n Kenney. vice PRESIDENT: s. H.
Hooker. secretary and treasurer. Thes
with Mr.. Akers form the board C di-
rcctors
The rapidly with which his prop
erty is being developed is marvellous
The property was purchased March y
of this year. Since that tii1e a Isptn
of 800 feet has been mada and 200 feet
of drifting done. Seven hundred feet
of work in four months is 4 pretty good
record At the 120-foot level and ut the
220-foot level drifts have been run. As
soon as the 32O-foot level is reached
the present force of twenty-five men
will be increased to seventy -one, and
besides the regular 100 foot level drifts
crOsscuts will be made
At the beginning of work the COM
pany decided to have 1900 feet IF work
done the first year and as the depth IS
attained more men can be utilized. a
new twelve-horse power gasoline hoist
has just been installed. The mine hos
been fully equipped for developing
purposes. Necessary houses and Offices
have been built. So what four months
ago was little more than prospect is
now growing into an active mining
camp.
Albert and Edward Heller of Chica go
arrived in Prescott yesterday and to-
day leave for their mining property.
which is situated about eight miles
south of Crown King. They are the
principal owners OF the ORC Mining
company's group. one of the best in
that district. They will stay there sew
eraI weeks inspecting the mines and
deciding the amount of work to be done
the ensuing year. The ORC is an old
producer with a good record and the
owners are satisfied and enthusiastic
with returns
The Federal Mining and Milling COM
pany. whose main office is in Muncie
Ind. has already begun operations on
its property which is located in Cherry
Creek district. One of the busiest dis
tricts in the territory is to be found
there and that particular portion of il
that surrounds the old Eta mine seems
to be the seat of activity. Grouped to-
gether in compare lively small area
are the Federal the Monarch. the Iowa
and the Lion mining companies. all in
good ore and one of them having a
ten-stamp mill in operation. The Lion
company. which is backed by Missouri
people has already gone to a consider
able expense and mas placed on the
ground 7x10 hoist and a compressor.
There is a quantity of ore in the bottom
on a 3O0-foot shaft, much of which
shows free gold in chunks The Fed
eraI company is already making ar
rangements to put a large plant with
machinery and mill on its property
The Monarch company has spent nearly
fifty thousand dollars and is more than
satisfied with it's investment This
company is d close corporation backed
by Boston people. The Iowa company
which was organized only few days
ago through the efforts and good offices
of the Prescott Realty company. COM
menced work last Monday. 1t has the
old Conger mine, which made the rec
ord for itself a good many years ago
and the company expects to have n
new process mill in operation early in
the fall. A visit to this portion of the