The border vidette., 1903-02-21
ARIZONA NEWS.
Items of Interest from all over the
Territory.

The Pima county bond matter was
finally disposes of Tue esday by the
territorial loan commission. The
meeting of the commission was attend
ed by Attorney General Wells, Colonel
John RI. Martin of Barnes & Martin
representing the litigants in the case
of Utter ct AL against Pima county;
Judge d. H. Hale of the firm of w.
N. Coler " Co., New York, represent
atives of other holders of the bonds,
and Rochester Ford appearing for
Pima county. There are 80 of the
bonds which with the coupons amount
to $685. 90. The commission decided
to issue for them territorial bonds,
bearing three per cent interest.
The Phoenix Republican says: If
bill introduced in the legislature
yesterday by Mr.. Rowe of Yavapai
should become law, Arizona would
cease to be a rival of New Jersey as a
hotbed of trusts. 1t contemplates a
general remodeling of the corporation
laws of the territory. 1t proposes to
do away with that part of the law
which absolves stockholders from the
liabilities of the company. 1t provides
that franchise tax shall be paid,
prescribes the amount of stock which
may be issued, prohibits the watering
of stock, provides a quarterly inspec-
ton of the books of corporations, and
orders that all MEETINGS of stockhol-
ders shall be held In the territory.
The secretary of the territory is made
the resident agent of foreign corpor-
ations. 1t also excludes irresponsible
corporations.
Mr.. A. F. Statler, an officer of the
Thomas Mining Company, was in
Yuma last week, having just returned
from a trip overland to the company's
mine in Lower California. He was
in that locality at the time of the re-
cent earthquake and in travelling from
the mine (25 miles inland) toward the
river he found a section where little
luOulllS IlaQ Occu GATOWh "tT6
splitting out steam, hot water and mud
Miniature volcanoes they were,
about the size of an ordinary ant hill.
In other places along the road he en-
countered crevices in the earth as much
as four feet wide and apparently bot
tomless. In some instances he was
compelled to 90 long distance around
to get across. Evidently the earth
quake in that section was very severe.
Sentinel.
The gold boom on the line of the Ell.
Paso and Southwestern continues.
The latest location for good ore is at
Hachita, New Mexico, place about
70 miles from Ell Paso, and the juno
tion of the Bisbee railroad and the
New Mexico and Arizona railroad.
Some prospectors have brought sam
piles of an iron formation into the
city lately which carries heavy gold
values The assistants do not care to
divulge the names of the parties or
the location until further developments
are made. Some exceedingly rich ore
of the same description, was brought
TO Cuo independent uSSty OiICo SoH-
eral days ago This came from the
Mexican line a short distance from
Douglas. This ore assayed As ounces
gold. The discovery is said to have
made big gold excitement in the
town, and prospectors from all parts
of Arizona are flocking there to take
up claims. A man is here from Grip
pie Greek today. who is enroute to
Douglas to look into fhe property
which was discovered by Mr.. Sturges
and his associates .--Bisbee Miner.
Jim Stevens has found valuable
deposit of guano in a cave in the Gilas,
some eighteen miles from Solomon
vile Jim thinks he will be able to OBJ
tain some four carloads or more and as
the demand for guano is greater than
the supply there will be no trouble in
di>posing of the product 1t is said
the Graham mountains also abound in
numerous caves IN which guano is to
be found and several Solomonville
parties are making arrangements to
open some of them. The average
price of guano per ton is about S32
but it depends entirely upon the
amount of phosphates and ammonia
containen in the analysis. Some of
the assays of the product in this 10
cality have shown as high as Sl05 per