Bisbee daily review., 1904-09-01
CAMP AS IT NOW LOOKS TO AN EXPERT


 whose ability to handle Mexican labor and lay timber has been more con. spicuous than his knowledge of where he might cut ore or get a railway track.
 At the time of the boom in outlying prospects at Bisbee the cost of explor- ation was underrated by number of these companies, and a large share of their capital stock was retained in their treasuries at a time when t might easily have been sold This. while it has brought the end quicker than otherwise, has been a blessing to the investors who would readily have subscribed any amount of money the promoters called for.
 Aside from the calumet & Arizona and associated companies about s2,. 500.000 have been expended in and about Bisbee in the exploration of lands and in partial payments on the ground. The Calumet & Arizona group has expended on the PittsbuTg X Duluth and Junction development companies and yet there is no cer- tainty that these will return any ade- quate reward. These two tracts were taken because of their proximity to known ore bodies then being develop ed by the company and because certain ! geological hypotheses, if found tenable might make them valuable But these two companies have been careful to maEe expenditures as conservative as possible. For instance Junction shaft is within few feet of Calumet & Plttsburg ground and on a fractional claim that is not under option, but is held ln ice, so that it can be utilized Oy the Pittsburg company, if of no use to the Junction, and its possession will
 involve no heavy purchase of real estate.
 Of the companies that have spent this s2.5e0,OOO, some have ceased work indefinitely, others are endeavoring to reorganiZe and raise additional funds, others are still at work with their bank accounts at low ebb. few such as the Shattuck & Arizona, the Sagi- naw Development and the Pittsburg & Hecla-perhaps some others also l-are working steadily and are fnan- cialy stable. Saginaw Development is. l think. liable to have a good deal heavier conglomerate capping than it's management expects. Shattuck is working in excellently mineralized ground, remarkably so, in fact, consid- ering it's location. and if signs on sur face indicate anything should find
 some ore. If there is to be an ex- tension of ore-bearing territory in the Bisbee district above what has become
 to be called the Bonanza Circle, and
 which includes the Copper Queen and
 the Calumet & Arizona properties, around half the circumference of the
 big porphyry intrusion of Sacramento
 hill, it is liable to be toward the south
 east. including Junction, Saginaw and adjacent lands. It is not likely to
 come toward the west and southwest,
 nor out in the Naco valley. It seems } pretty well settled today that the Bis
 bee district is quite closely circum-
 scribed. and that it is not large. not
 Butte district.
 somewhat striking instance of how ignorance can waste money, and how
 one can waste the opportunity of a
 lifetime, is shown at Bisbee in the Cop per King prospect. This was the very
 first extensive exploration at Bisbee !, outside the proved area of the Copper l Queen ground. Even the Lowell and Calumet 6 Arizona are later explora- ; tions. But all the magnificent possi- bilities that were seen by the Lake Superior men as soon as they cast
 their eyes on the district were always : in plain view of any who might look at ] them, these Copper King people took land on the wrong side of the Dividend ) fault and sank a shaft in the undeTly-
 ing Pinal schist, where there was hard : ly trace of copper and no possibility ? for extensive naturalization. Prop ] critics that have since been developed 2 into mines worth score of million dol 2 lars each were taken later in ground
 that the Copper King might have had I almost for the asking. Millions of g shares of worthless Copper King stock l. are now floating around the country + A few dollars spent for competent ad- Q vice would certainly have prevented | this loss. and might possibly have r found a mine, if backed by sufficient V cash, faith and good judgment. It is i. not very hard to read the lesson oi }. Copper King. There is also lessor t to be read from Lowell, but that is o t another nature. That Property va; ! abandoned by W. A. Clark, of United t verde fame, when within a very few feet + of the ore. He did not care to go tC
 the expense of installing the pumping Q plant necessary without an assurance F. of or. and that he did not have To e day, four years later, Lowell is grea e mine.
 a The attention that has been drawr [. to Bisbee n past three years will hav D to in the past three years will have tn, d effect of exploration of numerous othe e districts in southern Arizona ant r. northern Sonora It is now quite evi n dent to most level-headed engineers