Bisbee daily review., 1904-02-18
M. & A. Directors
 SUBMIT
 Personal Reports
INVESTIGATION TO RESULT
 AGREEABLE TO OFFICERS.
They Tell Stockholders Of Work Done. Future Plans for Development of Property and the Excellent Pros poets of Finding Ore Bodies.-se.. 525 ohares to Be Offered.

Quite extended reports are now be- ing sent to stockholders of the Mar quette & Arizona mining company Ill which are given detailed accounts of what has been done at the proper ty, what is proposed to be done and what prospects the company has for the development of a paying mine in the future. The reports are made af ter careful personal investigation by Messrs. Grabower, Wirtz and Horn. stein, who are members of the board of directors. As the reports will show these men were very favorably impressed in every instance and as a result of their latest visit to the prop erty are mere than ever hopeful that the M. & A. will. after the proper amount of work has been accom- plished, prove a handsome dividend payer
 Along with the personal reports of the directors a notice is being sent the shareholders to the effect that it has been decided to offer the remain der of 100000 shares of the stock. to- wit: 39525 shares to the public at s1.50 per share. By the sale of this allotment s59 ,1S7.50 will be coming into the treasury of the company, to be expended in the further explora- tion and development of the claims After the disposal of this allotment there will still remain in the treasury 150. 1000 shares for the benefit of stock holders.
 The reports submitted by the Gi- rectors are given as follows:
 Marquette. Mich. Feb. 1st, 1904. To the Stockholders of the Marquette
 & Arizona Mining Co..
 Gentlemen-I take pleasure in sub hitting the following report:
 On a recent visit to the property Git being my seventh trip), was agreed bly, surprised by the showing made. thirty-seyen claims-over 700 acres of land, every claim being more or less mineraliZed; the property is in direct line with the big producers. and is only four miles in a southeasterly direction from the Lake Superior & Pittsburg, which has just opened up an ore bocy said to be the biggest body of high grade ore yet encount- cred in the district.
 found the shaft down 562 feet, it having been sunk through mineralized ground nearly all the way. Before striking the water level the shaft pen etrated soft rock. Tn sinking the shaft three ledges were encountered, all being more or less minerafized.
 As the ore in this vicinity lies deep. and the water proposition is a rather difficult one, 1t will take considerable money to develop the property. All work done thus far has been carefully and economically done. and I must say that there is no better looking prospect in the district than the Mar quette & Arizona. The company has just purchased a Sullivan diamond drill, with the assistance of which, we are in hopes of soon locating the ore body which is believed to exist on this property.
 l certainly believe that .the unim- proved land of the Marquette & Ari- zona is worth more than the present price of the entire capitalization, were We to sell it. Money is the essential 1 need at present, as we must have more to fully prove up the property.
 LOUIS GRABOWER. Marquette, Mich, Feb. 1st, 1904. Gentlemen-While in Bisbee. Ari- zona, during the month of January, 1904, visited the company's property twice, and I must say there has been a great change since my other visit of not quite year ago. I found the shaft, which is 5s2 feet deep, in fine condition, well timbered, and all ma. chinery of the best. Looking south from the shaft, I noticed quite a little mining camp. consisting of a good size boarding house. a good dwelling for our superintendent, four bunk houses. and few other buildings oc- cupied by families working at the mine. All of these buildings belong to the company. I made 1t a point to talk with the miners at the proper. ty who have been working for other companies in the Warren district, re garcing the different rock and forma- tions encountered in the shaft, alec with other miners working in the dis. trict who have seen the dump, and it is the opinion of all that the forma, ton encountered so far shows the very best of indications for striking the ore body soon Some of the mi ners claim that the formation in oul shaft is showing better than most of the shafts that have the ore body. Al the 150 and 400 foot levels there are three drifts started, and all show good indications for copper and gold Since have arrived at Marquette we have concluded to install a diamond