Weekly Arizona journal-miner., 1903-09-23
II IS NJ LONGER
 MERE PROSPECT
The Iron King Is Now
 Chased as Mine.
Stock Now Selling Above Par Val ued at Several Millions By Prin-
 cipal Stockholders.

| Prescott, Sept. 19.-EditOr Journal
 Miner. roads lead to Rome" | Slightly modified it has been made to
 read by hundreds of miners of this
 county for years past, that all the big
 ledges lead to Jerome. Eastern pro-
 mOters caught the idea and as a con- sequence wagon loads of flaming GOV cred literature conveying the wonder ful information that their mines were located upon the United Verde ledge
 in some instances within close prox- imity to the famous property while in others fifty miles may intervene. Be this as it may, the fact is readily ob- served in crossing that section of country lying between Lynx Creek and Ash Creek via Copper mountain, the large lodges do trend toward Min gus mountain and their radiation therefrom can be favorably compared las an illustration) to the spokes of wagon wheel. It does not follow be- cause these lodges radiate from the mountain upon which the United Verde is situated, that ore of the rich ness of that great producer will be found in every shaft sunk, nor will any amount of talk or gullible litera- ture do so. My definition of mine is: "A large deposit of precious min erals" In its prospect period gener- ally owned by "dmphool, :" in time is transferred to brains which is cap ital; mine is made; Result: Mill iOnaires on the one hand; same 'dmphool" on the other.
 The attempt at above pleasantly is offered only in jocular sense, but I will admit that it was suggested by having heard on various occasions, in the past few years, men apply that epithet to themselves for having let go good thing in tbe way of mine. For example friend of mine a few days since said "Why I sold that prop erty years ago for s65, and I am pos - itive that he said worse things about himself than is quoted above.
 Returning again to the question of ledges heading toward the United Verde the Iron King is striking yer ification of the fact. In company with friend one day last week we tramped over considerable of the property. There are six or seven hoist frames on the Iron King ledge and getting an elevated position in line with them one can obtain a pretty &C., curate optical survey of the trend of the ledge both north and south. On this occasion while sighting in line with the hoists, smoke from the Unit ed Verde smelter as it arose above Mingus mountain was directly in line with the ledge, so We settled to our own satisfaction that it could be pos- sible for both to be on the same ledge.
 But this is of little moment to the Iron King. A strong young gladiator, it has entered the mining arena, not to defy, but to battle upon merit. Less than two years ago there was on this property about 200 feet of devel- Dpment. Competent authorities re- ported upon examination of said de, Telopment 5000, 900 of ore blocked put. Today the development equals l5O0 feet without the slightest dimin- shing of the ore body while a very increase of values are be- ng obtained as depth progresses. By actual development the ore shoot of he Iron King is opened up for over 'O0O feet Of several drifts, the longest is over 1200 feet all of which s in ore. Of several cross cuts, the ongest being 200 feet on the 100 foot eveI are also in ore without having encountered either wall. The deepest shaft, No. ?, is 345 feet, with 40 foot ,rosscut and 90 foot drift at the 80 loot level all in ore. The immensity ,f the Iron Kings ore body is no onger a matter of doubtful discus 'ion.
 This bonanza is the property of the American Copper company, incOrpo- 'ated under the laws of the territory If Arizona with a capitalization of B, ,OOO, 600; stock at par at sl per hare. I am reliably informed that &, JOO, GOO shares of the cOmpany's tock is being held by very strong inancIal men in the east, who value he same at better than B per share. The stock has never been advertised ,r pushed on the eastern market. By he firm stand of the heavy stock holders coupled with the excellent re- ults obtained from development the tock has risen to sl.25 per share. This price will, so 1 am informed, lold good now for less than thirty lays, for at the termination of a set late, stock will go to SI. 90 per share.
 Much more could be said. MT. Ed tor, by detailing the company's sur ace Improvements, which are being ugmented daily, but my object in Eriting these few words, is to place ny opinion on record; that the Iron Alng within five years will be known $ he biggest mine in Arizona.
 Very Respectfully.
 Tom ShultZ. - ----~--------s------------~