Bisbee daily review., 1904-09-06
2. s. Mills
 Sells Property
ORIENTAL GROUP DISPOSED Or TO STRONG EASTERN CAP
 iTAl.
Gould Is Interested, and 1t Is Figur- ed at St. Louis That Transaction May Mean Another Great Raiiway System in Arizona.

St Louis. Mo, Sept. 5.-A mining deal has inst been negotiated here Dy which the Oriental group ot coppoi mines. located in the Cave Creek uis- trict. north of Phoenix. become the property of the Oriental Copper com pany of Arizona, at the mead ol which is N. NJ. Clemmons CT St, Louis. a brother-in-law Of Howard Gould the New York millionaire raii- road man. Associated with MT. Clem- mons are other capitalists Of Si- Louis and Arizona. Among the All zona men being Emil Gang and w. T. Smith of Phoenix.
 The Oriental group. which consists of eleven claims and a mill site was located by A. s. Mills of Arizona and by him sold to the company for handsome cash consideration and goodly sized block of stock. The deal which has been pending for sev- eral months, was promoted for MT Mills by T. J. Wolfly, formerly of Arizona. but now with the Globe Den- ocrat of this city.
 The Oriental Copper Company of Arizona is capitalized at S2,OOO,OOO 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 s1.O00,000 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 filed ill Phoenix this week. A signifi- cant clause in the Articles is one pro- viding for the construction, equipment and operation of railroads and the To- cation os town sites.
 Considering the personnel of the Oriental Copper Company, this may mean that another great railway sys- tenn is preparing to compete for the growing business of Arizona.
 At a meeting held in the Missouri Pacific Building the following Board of Directors was elected: N. NJ. Clem- mons, Emil Gang, W. T. Smith, E. B. Lane, S. P. Teller, F. w. Irland, Hon. Sim. Price, T. J. Wolfley and A. S. Mills
 The Board elected officers as fol lows: N. NJ. Clemmons, President; E. B. Lane. First Vice-President; Emil Gang, Second Vice-President; T. J. Wolfley, Secretary and Treasurer Hon. Sim. Price. General Counsellor; and A. S. Mills Superintendent
 Besides those named, Geo. O. Reg CTS of Geo. Rogers & Co, the well known bond and stock firm of St. Lonis is heavily interested in the enter prise. E. B. Lane. Vice-President is Assistant General Freight Agent oi the Missouri Pacific Railway and F w Irland is Secretary of the same sys tenn. while S P. Weller for long time occupied confidential position with the Missouri Pacific road Hon. Sim Price, the General Counsellor, is a cor poration lawyer, well known through cut the Mississippi valley, but a mar whose name in St. Louis is synonym of honesty The other directors are well known to the people of Arizona
 The main office will be located 1T Phoenix, but there will be a brancl office in St. Louis. Other branche! may later be established in Chicago New York, Boston and Berlin.
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