The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-02-07
FINANCIAL
Lake Superior
Copper Men
Anticipate
$|oo,ooo,ooo
Gains from


HI lZUNQ
The following Houghton, Mich,
news, given in the Boston Herald's
financial article, Jan. d, 1894, is
of timely interest:
That popular interest in Arizona
copper propositions is not dead is evil
denced by the leaving of an entire car
load of local men on Tuesday. bent
upon inspection of their holdings in the
cupriferous belt of the southeastern
corner of the Territory. Outsiders. and
especially the people of Boston. perhaps
a trifle jealous. have poked more Or
less fun at the Lake Superior investors
for their mad scramble into all sorts of
Arizona flotations. Some of the in
yeStments have heen unwiSe, to- be
sure. but the net results will add $780,
0O0.o00 or more to the portable wealth
of Houghton County, through holdings
in Arizona copper mines. When II
mine a develop ore equal to 250.00o,-
600 pounds of refined copper. in Il sin
gle shaft. as the Calumet & Arizona
has done within less than five years, II
is high time to TAX the district where
such a feat has been accomplished as
Il serious factor in the future of the
r,onnnr i,,l,,sfr- Thnrn harn hanr on
many fraudulent promotions hailing
from Arizona. and SO many mistakes in
the way of attempting to make big
mines without money. and sometimes
without ore. that the copper
of Arizona are as yet undreamed of by
the average Eastern investor. All that
has ever been claimed for Arizona as
a copper section is true-and more: but
as the biggest fakes among mining
ventures often cluster about the rich
est mines. investors who go 1t blind
will stand about the same chance OF
winning as they would by closing their
eyes and trusting to luck in any other
sort Of business or gambling venture
The men who go II blind and trust to
luck are not investors. but sheer gamblers.
Aok'iN VIM sfA 49,
who shows rea; Investigating sagacity is both
shrcwd and cautious. weighing carefully the
facts, and. il his judgment approves. gets in
early and realizes the great profits which
come to those who are sufficiently far-seeing
to anticipate results. This may be gambling.
but euch men generally win out. and most of
the great fortunes to-day were started in just
this way.
Original shareholders of Shannon and Stand
- ..-.t -.,,,, ipgtopan~ In yCirf last
year the Shannon produced Hoo. Cos pounds
Of copper: in 1901 1t did not produce a pound.
Last year the Standard raid. 22itE on its
entire capital of $50 900: three years ago
the company had only just been formed. The
mines OF the Arizona Copper Company and the
Detroit Copper company have been operating
for over 20 years. thus showing the permanency
OF the district: both companies are paying
more than EOS per annum on the
original Investment. The New England and
Clifton Consolidated Copper Company will soon
take rank with the properties above men
toned. all of which are located in the Clifton
district. Conferred among these properties
Is the Yelled Prophet group. traversed by the
same ~porphyry bikes In and along which
the greatest strikes have been made. Sam
pies from its FIVE mines run from 16s
to 2O.4< copper. while the Arizona. De-
trolt and Shannon properties are making big
profits on ores averaging much less. Mr.. Ben
NJ. Crawford. who first brought out the Stand
ard and Clifton properties. and has developed
/. more successful mines than any other man in
Clifton. is now General Manager Of the
Yelled Pmphe, Copper Co, Ltd. which has
been organized TO work the Yelled Prophet
group: and his belief in the value OF this
group is so strong that he works without
compensation until one year after
the company is on a divfdend-pay-
Ing basis. He first worked in this district
twenty years ago and certainly knows it.
The company holds over one hundred acres
in the heart of this rich district, ye; is capital
lied at only $500 600, In 1000 full-paid shares
OF 81 par each. OF these zoe. 900 have been
placed in the treasury as working capital. and
are offered for public subscription at S per
share. subject to withdrawal or advance at
any time In the discretion Of the directors.
With such profitable mines all around 1t. the
district so substantially demonstrated. and the
output 50 rapidly increasing. IT seems reason
able to expect that thorough and systematic
development Of the Yelled Prophet group will
produce results equally successful with its
neighbors. the more so that a failure has never
been known yet on any property IN this dis
trict properly developed. There is every reason
to anticipate success. and the most searching
Investigation Is courted, for which every facil-
ity will be provided by all connected with the
company. The prospectus contains many de-
tails impossible to reprint here. and will be
sent upon request.
Full data concerning this district are 81: en-
in Messrs. d. Houston & Co.'S Copper Man
ual for 1894. and Mr.. Horace J. Stevens
Copper Hand Book.
Application for further information and sub
scriptfons for stock should be addressed to