Bisbee daily review., 1904-04-10


 Stock for public subscription. g. 52,500 Aoidi -.-.. ....... lVV,V The management has allotted 2,500 shares to Bisbee and .hese will be placed on sale through the Miners & Merchants bank of Bisoee, Arizona. on April Eth. The bank will he authori.:- ed to give official rece:p:s tc purchas- CTS, pending he issde of stoek cer:i fcates- The management feeis cor ident that this amount of stock will find ready sale, as several inquiries for it have already been received The first payment on this stock will be s4.00 per share. and no assessment will be called prior to Nov. 1st. 1904. Sixty days notice of all assessments will be given, and none shall be called for more than s2.0e per share, at any one time.
 The original options on this prop erty were assigned to the Saginaw Development company, by the pro moiers, with the first payment made and sufficient money in the treasury 10 carry on the development of the property until returns are received from the sale of stock, in considera- ton for which they are to receive the aforesaid 22.5e0 shares of stock. This stock will be pooled and placed in escrow for a period of enc year, or until such later time as it is deemed necessary by the board of directors of the company, to thoroughly protect the interests of all stockholders. Escrow deeds, with the acknowledgement of the first payment, are now in the keeping of the Miners 6 Merchants bank.
 The directors of this company desire the confidence of the public and will I do everything in their power to in- spire an maintain it. The officers ana directors of the company are as fol ] lows:
 W. B. Mershon, president, Saginaw, Mich.
 F. L. Harrington. vice-president, Bis. i: bee, Ariz. i
 Frank R. Harrington. secretary, l Bisbee, Ariz.
 Selwyn Eddy. Bay City, Mich.
 w. s. Humphrey, Saginaw, Mich.
 The Worlds Fair and "Muheim" | groups of mining claims are already | well known to the citizens of Bisbee. They consist of 16 claims, embracing 'S7 acres. of which all but two claims. 29 acres. is patented ground.
 The development, at present, con- lists of an inclined shaft, 3s4 feet in iepth, at an average incline of 70 de 'rees, and 662 feet of drifting at five linerent levels, the preater portion about 450 feet) of which has been lone on the 300 foot level The work ngs are limestone, and ledge matter, arrying copper, and two of the faces n drifts show considerable ore. Cop Ter is in evidence, at frequent inter als, all the way down the shaft, and an also be seen in every drift. Con iderable smelling ore has been taken rom these working between 30 and 40 ons still remain on the dump.
 It is the intention of the manage lent to sink a three compartment, critical shaft on the property, with Il possible dispatch. and they will egin active operations on this, the rst of the coming week. It Is also he plan of the company to put down everal diamond drill roles, as soon as arrangement can be made, and a drill Ut on the ground. The offices of the company will be Bisbee, Arizona, and Saginaw, iich-. and the books of the company ill be open to the inspection of stock ause It is true. There is a clergy Interested parties are invited to in-l pect present working of the property.