The copper era., 1904-02-11
NEWS OF THE TERRITORY.

Iuc receiver or -u iC- lutSTuat ttOud
 Bank at Nogaies has ruide report a
 follows: He states tbe' investigation
 Of the banks safe s.pr'337ed only S4'
 American money ano s300 Mexican
 silver. There appears .,A,t1 I have been nc
 management in condu,al lasthe affair pora5e 1I 'a5 '-a aoaa''i6u 1ao z5 1s 1s feaa, Fsalafa ...,,.,d. All shrss if lace of pub no... lne, .us . s'ie' to make an itempt to se- care bondsmen. Estimates of the losses to dcpo=itors.fs $2oo,9O, accord ing to common rumGv.
 At Senator Clark's Iro. King prop ertv, few miles south dI Jerome, the new shelter is nearing completion, and will be blown in as soon as the present shortage Of coke can be over come. The shelter will have a daily capacity Of 25O tons. Ore will be car ricd from the mine to the shelter by tramway. the distance being about three-fourths of a mile, and the in cline sufficient to operate the tram by gravity alone. Fou" large ore roasts are in operation and will be ready for the shelter by the time it is finished. About loo men will be employed in the mine and shelter when running full blast.
 Mir. D. r. Ryan of Charming. Texas, a few days ago purchased through II. ". Bi-hop. of Solomonville, the John Parks ranch, consisting of fifty acres, one-half mile east of that town, and will occupy it with his family as a permanent home. The sum paid was 5000 for the land and five shares of SlE Jose water The land is almost wholly in alfalfa, and is one among the choice places of the valley. Mr. Parks has purchased the Soto property in Solomonyille, and will occupy it as a home; and being now relieved from his arduous duties as q farmerg will be able to spend most of his time in betting John Epleys fine stock, towit. bis mouse colored pony and his dog Mig"
 Assessor O'Reilly has returned from Phoenix where he attended meeting of the territorial assessors. He states that as result of the meeting a more uniform method Of assessing will be employed. In the matter Of assessing patented mines the valuss will be fixed in all the counties dc Sl00 per acre. The assessment now for full claim will be 5000. The assessment on banks will also be more uniform, and the paid up capital Of the financial institutions will be included in the assessment rolls. A bullion tax is ad- vocated by the assessors, and general recommendations were made for legis- lation along these liues.-Prospector.
 Another pupil was received at the Industrial school at Benson last week. This makes sixteen. says the Press. The board Of Trustees have opened bids for one or more arteSian wells for the school grounds. Four bids were received and three considered. one not being signed. The bid Of John T. Profit was accepted as it guaranteed a larger flow. at least 10000 gallons per day. A bond of $500 was required for the faithful performance Of the work. Superintendent O'Brien is eX pcrimenting with various clays found on the premises. to find that most suitable for making brick. A kiln of 800 brick wil soon be burned as test of the various clays. then brick will be moulded for large kiln. The boys will do most Of the work and the brick will be used for contemplated improve ments. The brick are hand made.
 The Pittsburg Jerome Copper and Gold mining cOmPau! organized hy Pittsburgers to develop one Of the most promising groups in the Jerome copper belt, is another cog in the wheel Of prosperity which is gradu- ally turning Jerome back into into its old time prosperity. The News learned from most trustworthy source that the gentlemen who compose the above company stand higr-in the eastern mining and financial world. A 500 foot shaft will be sunk on the property before any drifting will be done. This means. unless the predictions of the best mining experts in the world go for naught, that large body of ore will be exposed at the head of Mescal gulch in tho near future. Work will be started within sixty days and three shifts will be employed. The mines are located a short distance south of Senator Clark's United Verde and in the heart of the mineral belt.