Bisbee daily review., 1903-08-30
THE hoUGHTCN DEVELOP
 MENT COMPANN

THE HoUeHTcN DEVELOP
 MENT COMPANY.
 This property has had but little work dCne on it for some time. George c. Lawton. from Minnesota. the superintendent is awaiting in- structicns from the home office in HoUshtcp, Michigan, as to what new work shall be undertaken and mean while has his force at work doing some prospecting on the property.
 The owners of the property have but recently organized the develop ment company with the above title to the property being bere;ofore known a: the Solomon Springs group. The directors of the new company are Graham, Pope, Rufus R. Goodwell, John H. Rice, George G Barnum Samuel Kaufman. Frederick C. Cog gin and George C. Iawton.
 The amount of capital stock is one million dcllars divided into 40.0O0 shares of par value of twenty-five dollars each, to be paid on call of the directors The incorporate nwas taken under the laws of Arizona.
 This group of claims adjoins the Pittsburg and Hecla and the Gold Gulch The work done heretofore has been the sinking of shaft at a point quite near to the South western railroad track and which attained a depth of 135 feet. At point near Pittsburg and Hecla shaft a tunnel was driven into the base of the hil' and good ore encountered a. a dis tance in the hill of fifty feet. Ore shipment of ore has been taken out but the ore body has as yet not beer developed. Al the present time the work is being centered end of the hill and but a few hundred feet from the shaft of the Pittsburg & Hecla. At this point two tun- nels are being drifted. one at the base e the hill and the other half way up and directly in the cropping In the upper tunnel considerable cop per and silver is being found and though nothing has shown in the lower drift it is probably the compa- Dy's intention to see if the ledge dips down steadily and if so act according ly. It is pretty generally understood that this company has implicit con fidence in the prime value of their holdings and that they will. after proper preliminary exploration com. mence very heavy development work.
 If there is any advantage in hay ing a break in the trend of the lime stone formation this property certain ly has 1t as the string of hills which fripges the flat all the way from the Bisbee West to this point, here turns 10 the nor h in a semicircle coming back again to the line near the Cop per Glance. Just below the hills the Horghton people have their living quarters ard storerooms.
 It is presumed that the company will under. ake to place an extensive working outfit in the field and from what can be learned of the property this will be thoroughly consistent policy.
 THE FEELING IN MICHIGAN.
 'The people up here are beginning to get their second wind after the severe fnancial pounding to which they were subjected in the eastern market and have by no means lost faith in the Warren district"
 Thus writes one of the best posted men in Michigan regarding the situ- ion in that state as regards Warren Mining district stocks. During the past week there has been a slight in- crease all along the line and it is apparent that the revival that has been confidently expected to put in an appearance this fall, will not be disap- pointirg. At this end O. the line the situation continues to be most encouraging. Development work continues without abatement and with each succeeding fcot the formation