Weekly Arizona journal-miner., 1903-04-22
S50,000,000
CORPORATION
Composed of Very Best
Men. of the East.
Consolidation of Great Number of
Properties Which Means Much
to Yavapai County.

Twenty years ago the business and
financial world would have stood
agog at the presentation of a combi-
nation that embraced in its entirety
the gigantic sum of fifty million dol
lars. This day and date it is differ
ent. To carry to a successful fruition
large business enterprises large capt.
talization is absolutely necessary
and in no instance does this apply
more than to that of mining.
The Continental Consolidated Min
ing company was organized under
the laws of the Territory of Arizona
and its membership is composed prin-
cipally of New York business men of
wealth. In all there are now some
200 stockholders which may be term
ed charter members of the Continen-
tai Consolidated Mining company
in whose personality the very best peo-
pie of New York and other eastern
cities are associated. This in itself
gives the company the financial
strength which is stated in the be-
ginning.
/ This company has now acquired the
properties of the Mizona Realty COM
pany, New York Mining company, The
Golden Copper Mining company, The
Kensington Gold Mining company,
The Reade Copper Mining company,
together with some very valuable
Copper properties on the Colorado
river-in all over 200 selected proper
ties that show we'll in gold and cop
per values. The company is now
working quite force of men at its
Colorado river camps preparatory to
more extensive development in the
near future. Development has been
progressing steadily on several Big
Bug properties for the past year, with
encouraging results. In this last
named district very cheering reports
come from the Copper Cutlas. This
property is situated some twenty miles
southeast of Prescott near the Pres
colt and Eastern railroad. From shaft
No. on this property at the depth
of 100 feet an excellent body of black
sulphide ore, carrying good values in
gold and copper has been encounter
ed. The ore is very similar to that of
the Iron King. This shaft is now
under contract to be sunk to a depth
of 300 feet with 60 foot cross cut
driven from each 100 foot level.
There are twelve claims in the Copper
Cutlas group and the ledge shows on
the surface to be fully 60 feet in
width.
Few people, if any in Prescott,
realize what such a combination of
capital as that which is incorporated
in the above named company is worth
to Yavapai county and the territory
in general. The company's personnel
is composed of men of wealth who
are in the mining field for legitimate
investment; they are not in the least
engaged in the stock jobbing business.
Mr.. Thos. P. Wallace, third vice
president, Mr.. Thos. j. Roberts, sec
rotary and treasurer, and j. Robt.
Moechel, DIR. Phil, consulting chem
list and metallurgist of the company,
we're recently in Prescott, having
spent several days inspecting the COM
pany's property near this city.
Mr. Roberts also made an extern
sive trip down the Colorado river,
and speaks in the highest terms of
their property in Yuma county.
We understand that the company
has arranged to expend large sums in
the development of the above men
toned property. This fact will have
much to do with the early building of
the railroad from Congress Junction
to the Colorado river. All of this
means much to Arizona
The Journal Miner is pleased to
learn that Mr.. Ben. Blanchard, the
successful developer of the Iron King
has been rendered the Office of general
manager of the Continental Consoli-
dated Mining company. If this is a
fact this community is to be congratu-
lated as is also the company for its
wisdom in making the appointment.
The Journal Miner hopes to be
able to report more than one success
for the Continental Consolidated be-
fore the end of the year and as a con-
H. ho.-t q lr,ol-