Arizona republican., 1903-11-25
The Dividend company.

If a person desires to travel back to nearly forty years ago and will review the history of mining in Yavapai coun ty, he will face two propositions \in connection with the hunt for the yell low metal. One is the placer riches of Big Bug proper, and the other IS the discovery of fabulously rich gold quartz on the Ticonderoga over the divide on what is now Chaparral. It seems incongruous to link the old with the new, but this must be done in order to justly regard the possibilities of mining in that particular section, as well as substantiate what the above company can legitimately claim as the basis of what it possesses, and also what its future will demonstrate.
 The Dividend people have the claim on what was originally discovered to be the richest free gold ore in that section, and since the reorganization of the company they have secured many more locations, numbering in alt twelve and in which are included the Dividend, Galena, Independence and Ticonderoga. It is on these claims the principal development has been done, and 1t is also on these that extensive work in the future will be done. While III OpilllOl IIldN uillcI III one respect or another as to the possi- bilities of this or that claim the old Dividend and the zone in which it lives are always generously consider ed and justly so For this reason the resumption of work on them is regarded as favorable indication of what the future may develop in their specific case. It is the intention of this fa system that must be materially weigh ed in a practical and thorough sense, and having the ore bodies to draw from that carry values of a high grade, there seems to be no reason why this group particularly, should not be a.
 handsome a producer as are others in the same locality. The principal work in the past has been done on the Dividend where two shafts, one 400 and the other 330 feet deep are shown,
 both being connected by crosscuts. No stoping, however, has been done. The ore will run to as high as s130 per ton,
 while a general average vii give from
 $50 to $40.
 Other openings are also shown and
 the general work shows up splendid ly. The Galena has two shafts and
 other work, the deepest being 145 feet carrying a milling ore that will run
 on an average to over $20 per ton, while streak of $90 value is given. The Ticonderoga is down to 225 feet and
 at other points on the claim openings
 have been made, the deeper workings
 carrying a grade of ore that goes
 from SIP to $25. On the Independence as well as on all other claims of the
 group the general showing is good and development is all that is necessary to demonstrate their value. The con-
 pany is contemplating the establishing of power house in Eugenia gulch. one mile distant, and from that point electrical power will be furnished for all mining, milling and lighing purpos-
 es, thereby reducing to minimum the cost of operating expenses. The com- pany is also equipped with five stamp
 mill, pumps and other mechanical util- ities but these have been used only for prospecting purposes and to practice ally demonstrate the values of the many mines. It is now proposed to introduce mill of 40 stamps, enough ore being in sight to justify this im- proVement The general opening up the many claims will, it is said, be in augufated at once, and in connection
 with such it is but just and reason able to state that the same will bring
 to the front another good mining pro-
 position for this section. The affairs of the Dividend are being handled by Calvin Hartwell as president, Fred E. Biles as vice. president and general
 manager. M. c. Parmley as secretary
 and H. E. Bessett as treasurer.