Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1903-08-25

nounces with all the authority that
such news is announced, that Phelps.
Dodge 4 Co. will not buy the Santa
Re road north from Deming, nor will
It build a road from Deming to Its
mines at Ferro, but will build q road
from Fierro to IOrdsburg, where 1t
will connect with the L%ordsburg &
Hachita road. This will enable
Phelps. Dodge & Co. to ship its n
from its Fierro mines TO the Douglas
shelters. A road through the coun-
try from Fierro to Lordsburg would
open up some iron properties In the
Burros that are now unable to ship
ore. because Of the wagon haul me-
cessary. II Is probable that copper
properties would also be opened up.
1t would mean a great deal to Lords
burg to have this road built. Philips,
Dodge & Co. are able to build this
road, II they consider 1t necessary
In their business.
The reports come from the east
this time, and seem to be well anthem
~ticated, that Col. w. G. Greene has
lost control of the Greene CONSOLIDATE
ed Copper company. II is said that
Greene put up some 10000 shares
OF Greene stock as security for loans
made him In New York, and as he
could not pay the loans when they
came due he lost the stock. He had
the control OF q majority OF the stock.
but when he lost these 10000 shares
he lost control OF q majority Of the
stock. This does not necessarily
mean that he win no longer be presli
dent Of the company. One Of the
reports said that Rockefeller had se
cured the control Of the company. An
other said that the Amalgamatel
company had secured the control d
the Greene company. As the Stand.
ard OIL people control the Amalgamat-
ell both stories could be true. In an
snservfvw puDffsncd mi the Bisbee
Review Col. Green says that he is
not even personally acquainted with
MI. Rockefeller, n has had no deal
ings with him. This might be lit.
orally true, and the transactions re-
ported In the eastern papers also be
true. The annual meeting of the
stockholders OF the Greene company
Is generally held the last Of July.
There has been no reports published
In the papers Of such a meeting being
held.
w. ii. Stevens, while in Denver,
had prepared the drawings and speci.
locations for the erection OF the gold
mill at Malone, and In addition TO
the machinery he has on the ground
has ordered three more carloads.
which are expected to arrive by the
time they are needed. IT will prob
ably take from four to six months
to get his machinery erected and the
mill ready TO rum. The ore 1t Ma.
lone IL pronounced BY experts 70 be
a. perfect . cyaniding I 40 has been
found in this country, and It will be
be worked BY this process. The
mines are now developed sufficiently
to suppiy4 the mill. which will have
! daily capacity Of afty tons. While
the MIN 10 being built The develop.
meut ~ the Mine will b continued.
and Oft 10 expected there will be no
trouble In keeping large reserves Of
ore. The mill b about . une from
the milne With - heavy down grade
lover which . good road . easily be
constructed. It was considered more
economical to build the mill where
there was water and haul the ore
down hill 10 II than to build the mill
q the mine and pump the water up to
IL. LArss bodies Of this ore have bsen
shipped to Denver and handled BY OK.
pert ore workers who claim that tho
ore should net the company 3i5 per
ton. and enough Of this ore has been
blocked out to keep the mill running
for . couple Of years.
DIR. c. X. Luton. Of the Michigan
New Mexico Mining company, who
arrived from Michigan last week
Thursday. has been busy looking ar?
ter his interests near Lordsburg. He
found the development work on the
company's group Of mines near Lees
n 70 be in d satisfactory condition.
The wUIxsMsrsLs.i j ncw down over
two hundred feet. with aDoas sssSss
feet Of water in the bottom OF the