Arizona weekly journal-miner., 1903-02-25
THE FL CAPTAIN
One of the Best Looking Properties in this Section of
 Country.
Extracts From a Report By Capt. L D Phillips 10 DougIsS, Lacey
 6 Co.,, Stockholders

The Journal Miner acknowledges the receipt of the printed report of the annual meeting of the stockhold- CTS of Douglas, Lacey Co.,, which was held in New York city recently The report is full and complete report ing every word that was uttered by the numerous speakers. giving reports from great number of properties under the management Of the firm
 There were over $50 stockholders present and their report make print ed book of nearly magazine size thirty pages closely printed.
 Among the reports was one from Capt. L. D. Phillips of Prescott, who has charge of a number of properties belonging to the company in Ari- zona. The report is quite exhaustive, being a review of the. work done on the several properties and the showing made by them, but a portion of his report on the Fl Capitan will be in teresting to the Journal Miner read CTS, as it Is right here at home and the truth of his statements can be easily verified The captain said in part:
 ''There are great many people here who have asked me about the Fl Cap itan. always feel, and my wife says, Fl Capitan is all right. 1 never shall get tired of talking about Fl Capitan, and l hope that by the next annual meeting of the companies represented by Doulas. Lacey X Co.,, that l shall be here with a report equal to that presented by Major Russell, and be made happy by speaking as loudly and hopefully of the properties in Arizona as he has of those in Cali fornia.
 Captain Phillips then described the location and surroundings of the Fl Capitan property. He alluded to the fact that they were in compa- ratively close proximity to the great United Verde, owned by Senator Clark of Montana, which has been immensely profitable, and said {: Now We are not positive that we are on the same mineralized dyke, but we feel pretty sure of it. The vein is traceable through the Black range in our direction. I have been over that property, and l find exactly the same surface formation and the same geo logical construction and conditions that mark Fl Capitan, and when we recOllect-and l pledge you my word | it is fact-there is no month that that property does not pay Mir. Clark from $500. GOO to S1, 300. 900, we can see the possibilities for Fl Capitan. The United Verde property was owned by | five different outfits before the ores were reached that makes it what it is today. Parties sold to one another until MT. Clark succeeded in purchas- ing it and developing it to its pres ent profitable condition. Since that time there has been no explanations necessary.
 Now the Fl Capitan is in the same formation and on a line with ,he same vein, but that would not count for much unless there were other signs that would lead one to believe we are over body of ore that will be satisfactory.
 We have sunk a shaft of about 3OC feet, and the work has been well done. At two hundred feet below the surface we have driven, what we call in mining. 'cross cut in order to develop, if possible, any strata of ore that might pay us to haul to the mill, and in the crosscutting we have driven l25 feet both ways. We have