Arizona weekly journal-miner., 1903-02-18
MINING INTELLIGENCE.

Charles J. George, of Los Angeles, one of the most prominent mining men and brokers on the Pacific coast. came in last night and went out to Poland today to look after his eXten- sive mining interests in that part of the country Mr George also has ex- tensive mining interests in the Brad shaw mountains and near Jerome. He is one of the most progressive min ing men in the west and Yavapai county is fortunate in having such a broad minded and liberal mining man interested in our welfare, as he has almost unlimited capital which is ready for investment at his recommen- dation.
 H. E. Armitage has just returned from trip to Cochise county. where he went to examiIs the Old Terrible mine for eastern parties. He says he found the Terrible a good property and a we'll equipped one Mir. Armi- tage also states that the Hercules com pany, of whichhe is the -oneral manager will shortly make tn . propriation of $50, 600 for the further development of that property The shaft will be sunk to a much greater depth, and other developm ents made.
 Active work is in progress at the Postmaster mine on Big Bug. The shaft is being sunk deeper and the mill is kept in operation day and night.
 To the uninitiated or uninformed the mention of mining stock is at once associated with speculation or gambling. While the element of chance is not eliminated from min ing. neither is it eliminated from any act of venture in life. from birth to the grave. Nothing ventured, noth- ing gained. is a trite and true saying that applies from child's first step to the founding of the largest indus trial undertaking. In mining so great has been the progress, that to- day there is less left to chance than any other pursuit or industry under the sun, if honestly conducted With scarcely an exception the leading bus iness men and financial men of the country are today interested in min ing in various forms-and success fully, too. When a mining company declares a good. fat dividend many investors heave sigh and wonder why they did not have sense enough to get in when the stock was being offered at almost any price. Such people need not wonder, because after it has been soundiy demonstrated that the proposition is a very profitable one prices go up out of reach, and to point that can only be touched by the investor with a big wallet National Banker
 4 telegram from Colorado Springs says: During 1902 the Portland mine, according to official figures, produced S9, 9,664. 279 net tons of ore of S26 03 average value per ton. The total pro duction had gross vlaue of g, 334. 0Z3. 76. Dividends = and 73. 270. GOO. were paid. Curtailment of produc- tiOn was made to await completion of the Portland mill For this reason the usual dividend uf S1S0. GOO quar- terly was discontinued The mill was started June l. The mill treated a large tonnage. realizing S69, GAG. 46 net profit The profit from the mine was S47l. 9l97 76 The treasury cash balance January 1. 1903. was S2O0. 973 5l. The great mine has large bodies of ore in sight sufficient to maintain present production for sev- eral years. The Empire State and the Isabella companies. whose properties intrinsically overlap each other will probably form the next important merger. Nelson B. Williams, who. while president Of the Isabella. bought control of the Empire State, is the leader in the consolidation.
 The Journal Miners LynX creek correspondent, writes that orders have been received to push the development work on the Bunker Hill mines i'm mediately. 4 tunnel is to be driven in on the mine at the north end where the depth gained in 1000 feet will be about S50 feet. Sinking on the main shaft will also be continued at the same time. MT. Parmenter, representing a Kansas company, left on the 1lth instant for the bedside of his father who is dangerously ill. Parties are also on the way out here to look after the interest of the com pany and they will commence work again in a few weeks
 The Journal-Miner is reliably in formed that coke has at last begun to arrive at Jerome Junction in large quantitie- for the United Verde Cop per Co. at Jerome. and another train