Bisbee daily review., 1902-09-11

and the initiative of government. We are tending toward this far too much for cur own good, but We have not yet reached the European point.-Mining Journal.
 INVOLVING ALL MINES AND RAIL
 ROADS AT CRIPPLE CREEK.
 portation, Milling, and Mining h.
 terests With a Capital of $5o,o0o-
 900.
 AP. Knight of New York city. has been in Colorado Springs for the past month, says the Telegraph, endeavor- ing to effect a gigantic consolidation of all the big mines of the Cripple Creek district. the Colorado Springs and Cripple Creek District railway. the Colorado Midland, the Midland Terminal railroad and the Portland mill. The United States Reduction and Refining company and the Telluride Reduction company have been consid cred in the deal, but the lines have been so drawn as to exclude the two latter corporations. As bare outlines
 
 publicly. il is impossible to state jus what may come of the venture. In gen eral the plan is to incorporate a $50, 00O.0 900 stock company. in which the half dozen leading mines of the camp, the three railroads. and one, and possi- bly the three mills, would receive pro rated allotments in proportion to the cash value of their assets There is l. ,I,o har h- the only consideration being the ac- tual amount of cash needed to effect the incorporation and pay any inciden- tai expense.
 At the consummation of the deal all stock in the new corporation is to be pooled for one year. during which time the new management would take over the several and diversified properties and readjust plan of their handling in order to bring their handling down to a more economic and profit earning basis. It is known that nearly all, if not quite all, of the concerns men, toned above have been approached by Mr. Knight, by whom the scheme has been explained quite elaborately in private. but none of the parties in terested can be induced to talk for publication.
 The central idea of the merger is to carry out the trust theory in connec- ton with Cripple Creek, but this will in all probability never succeed. There are obstacles in the path of such scheme, which, from what has been learned already, will render MT. Knights work futile. The New York promoter holds that the mines, rail roads and mills have identical inter- ests and should be run in the closest i of connections. If the mines can be handled at low running expenses, they ! can produce more ore, earn more mon- ey, pay more dividends; the railroads instead of charging exorbitant haul age rates, can work in conjunction with the shippers and deliver the ores | to the mills. where treatment will be made at a nominal figure. As all the values come from the mines them selves (neither the railroad nor the mill being a producer of new wealth. , it behooves the management to let the miSos earn as -uch money as they can since the profits will be divided up any way The idea is to do way with duplicate and wasteful labor both in the mine, railroads and at the mills But the plan seems destined to de feat.
 MINING co. COMPOSED OF WOMEN
 4 mining company has just been or ganized in Boston to work the Loms Verde mines in the Rincon mountains The peculiarity of the company is that it's incorporators are all women. The articles of incorporation were filed with the county recorder this week. naming as incorporators
 Ellen A. Richardson, Clara P Bigelow, Gelena NJ. Richard
 son, Mary Waldron Bragdon, Harrie G. Minot and Estella Weston, all O
 Boston. The company is known a!
 the Ronqual company, and Thos. c Paxton. of Los Angeles. the presiden
 of the Loma Verde company, is on' of the organizers of the new company i-Tuson Post.
 EASTERN CAPITALISTS. J. P. Owen. general manager O the Sierreta Mining and Milling com s-