Williams news., 1903-06-06
AS TO MINING COMPANIES
Objects of Their Organization Explained
 and Other Facts About Same.


 and Other Facts About Same.
 Mining companies are organized for profit, which is a legitimate and a much to to-be-desired result of min ing operations, but haste to pay dividends is sometimes retroactive and works more harm than good. When mine is acquired, by pur- chase or otherwise, if it is not al- ready equipped it must be provided with the necessary machinery, build ings, etc. Then, if the mine is in sufficiently advanced condition to afford continuous supply of pay able ore, dividends may be consid- cred, but the unfortunate experi- ence of many companies which have prematurely declared divi- dends-that is, disbursed the first available profits in dividends, mak> ing no provision for a possible change in conditions--has shown the wisdom of withholding a sum sufficient to rebuild the surface plant or to tide over any tempo rary and unforeseen interruption in the progress of mining and re- duction of the ores. The wisest companies create a sinking fund, employing a stated percentage of profits or setting aside a monthly sum for the purpose. Deterioration is one of the things that must be given consideration, and possible extension or change in the charac- ter of the plant are even more inn portant considerations Stockhold- CTS are always ready to accept divi- dends, and in the majority of in- stances it is their wish that divi- dends be forthcoming soon and of ten, but there are few stockholders who cheerfully submit to an assess ment even when they realize that the money is to be used in extend ing the plant to the ultimate ad- vantage of the stockholders them selves. Many competent super intendent is embarrassed and handi- capped by the demands of the di- rectors and stockholders of his com pany for dividends. In one in stance, an important and abso- lutely necessary mprovement-th sinking of a new shaft-was de- layed and the. project finally aban- doned after having been started for the reason that the company de- manded that certain profits be dis tributed in dividends, and later, when the mine ceased paying be- cause of the great expense of oper- ating through the crooked old shafts, the stockholders refused or were unable to ''put up" the money necessary to sink the new shaft, and the mine was closed down and remains closed, but this is only one instance of many of the same kind. Mining and Scientific Press.
 Judge Isaac Coombs of Central, Graham county, was arrested lasi week charged with attempting to commit the crime of rape on the 13-year-old daughter of s. P. Jen- kins. The child is niece of Coombs. The accused has lived for many years at Central, where he owned a farm, and has always been regarded as a good citizen An other case of similar nature, re- ported by the Bulletin, is that of Albert F. Wolverton, who was ar rested in Douglas and taken to Sol- omonville, charged with the rape and forcible marriage of Miss Lydia Webb of Pima last September Arizona Blade.
 The total valuation of Bisbee property for this year is now esti- mated at $S5O,O0O, an increase of $5O,0O over that of last year. The county assessor is now finishing his annual assessment, and in a few days will see the work completed The assessment of the county for this year will be from 30 to 50 per cent higher Review.