The Arizona sentinel., 1904-09-07
Newspaper Men in Timing Deal.

| St. Louis, MO.-A mining deal has just been negotiated here. by which the Oriental Group of copper mines, To- cated in the Cave Creek district, north of Phoenix, became the property ot the Oriental Copper Company of Ari zona, at the head of which is N. M Clemons of St. Louis, @ bF0ther-in-law aw of Howard Gould, the New York mil lionaire railroad man. Associated with Mr. ClemOns are other capitalists of St. Louis and Arizona. Among the Arizona men being Emil Ganz and w T. Smith of Phoenix.
 The Oriental Group. which consists of eleven claims and mill site, was located by A. $. Mills of Arizona, and by him was sold to the company for a handsome cash consideration and a goodly sized block of stock. The deal which has been pending for several months, was promoted for Mr. Mills by T. J. Wolhey, formerly of Arizona, but now with the Globe-Democrat ot this city.
 The Oriental Copper Company oi Arizona is capitalized at S., ,009, ,0GO fully paid and all subscribed. It is likely, however, that some of the stock will be placed in the treasury to be sold to investors who may desire to become identified with the property Ample funds; though are in hand to fully develop the Oriental mines and erect smelters. It is the purpose of the company to make of the property one of the great copper producers of the world, the engineers report upon which the sale was made showing that there is $l, 100000 worth of copper ore in sight with reasonable prospect of many times as much in the lower depths. Work will begin at once.
 Articles of incorporation will be l filed in Phoenix this week. A signifi- cant clause in the articles is che pro- viding for the construction, equipment and operation of railroads and the lo- cation of town sites. Considering the personnel of the Oriental Copper Com pany, this may mean that another great railway system is preparing to compete for the growing business of Arizona.
 At a meeting held in the Missouri Pacific building the following board of directors were elected: N. NJ. Clem- mons, Emil Ganz, w. T. Smith, F.. E. Lane, S. P. Weller, r. w. Ireland, Hon. Sim T. Price, T. J. WolGey and A. 5. Mills.
 The board elected officers as follows: N. NJ. CIemmons, president: E. B. Lane, first vice-president: Emil Gang, second vice-president; T. J. Wolfley, secretary and treasurer; Hon. Sim T. Price, general counsellor; A. s. Mills, su perintendent.
 Besides those named, Geo. 0. Rogers Of Geo. o. Rogers 6 Go, the well known bond and stock firm of St. Louis, is heavily interested in the enterprise. | E. B. Lane, the first president, is assistant general freight agent of the Missouri Pacific railway, and r. W. Ireland is secretary of the same system: s. r. Weller, who for long time occupied confidential position with the Missouri Pacific road. Hon. Sim T. Price, the general counsellor, is corporation lawyer we'll known throug bout the Mississippi valley, but man whose name in St. Louis is a synonym Cf honesty. The other diFee- tors are well known to the people of 1 Arizona.
 The main office will be located in Phoenix, but there will be branch office in St. Louis. Other branches may later be established in Chicago, New York, Boston and Berlin. NJ J. KEYS.
 Asst. Tel. Ed, GIobeDem.