Weekly Arizona journal-miner., 1904-12-14

that the company would sink their shafts to eight, ten, or even twelve hundred feet and thoroughly explore this ground. It is really surprising limited amount of development and exploration that has been done on this ground when the long time is considered during which the property has produced an almost constant stream of mineral and at a handsome profit. It is remarkable that during all these days explorations should have been confined practically to the original shaft and that lodges showing good values should be ignored. Es- pecially attractive is one of the strong croppIngs towards the north end of the property where values of from S25 to $40 are found across a good wide vein and vet fifteen foot hole is the deepest opening on this part of the property. This narrow and stinted policy in the matter of exploiting ground clearly shows the disadvantage of being subject to the clamors of large number of stockholders whose only thought or care is of dividends and whose only conception of mining is that the amount of their little stock investments shall be returned to them from fc fa fnhnvr consider not the maintenance and welfare of the mine. With them it is the golden egg-the golden egg Never thought of the property or its re- plenishment which can only be pro- tected by continuous and thorough exploration of Its territory.
 The present capable management of the McCabe mine is fully alive to the conditions and opportunities of the property and if his practical ideas only had the support and backing of the directors and of the stockholders it would not be many months before two or three times the force now em- ployed would be required, the output would be greatly increased and the future of the mines correspondingly frightened. No argument is needed to show that such policy would ulti- mately rebound to the benefit of stockholders. In common with others, the Model people are greatly hampered at this time for lack of smelter market for the concentrates. The haul to Pueblo, Silver City or Fl Paso is long and expensive yet they have been shipping concentrates at each of these points. With a local smelter in opera ton, considerable saving would be had on this product beside the con- venience is a big item.
 At the Gladstone the usual force is being employed aDd the output con- tinues satisfactory. Development work is kept up and new ground is being explored and an energetic and progressive policy followed out. The high grade ores are shipped to Fl ! dSOs Wullo Juo lOW SIduCo dA 70 OOhOCh- trated at the Val Verde mill. This property is likewise at disadvantage for lack of smelter market for conceu- trates and has vast quantities stacked up at the mill.
 The Dividend mill in Chaparral gulch is running regularly and giving a good account of the tonnage hand led. This property is also in need of market for the concentrates and local smelter will be of great benefit.
 Sput John s. Jones of the Jessie is expected back daily from his trip east where he has been for more than a month on business connected with the mines. It is understood that he was very successful in raising additional funds and that matters will be active around the Jessie mine and will i'm mediately upon his return.
 James Rybon is visiting his old home near Dallas, Texas, and will not return until after New Years.
 A. c. Lamb assayer at the Gladstone is again at his post after a lengthy visit to his home in New York city. He also visited ill Washington, Chica- go and the St. Louis fair.
 Newsy Letter From Walker.