Arizona silver belt., 1904-01-21
PROF. DOUGLAS REPLY
Head of United Globe Answers En- gineer Church's Report on Niine

gineer Church's Report on fiine
 What purpurts to be a summary of tbc affidavit of Professor Douglas, president uf the United Globe and other Phelps Dodge properties, in an Swer tO the deprecatory report of Engineer Church on the United Globe is published in the Boston papers. It is here given as contribution to the old Dominion literature already printed.
 As president Of the United Globe Mines depOnent is familiar with the properties of the old Dominion Cop per Mining X Smelting Go he has re- turned from an examination aud in- Spcction on the prOperti B: he is familiar with the terms of the contract of October g, 1905, and he believes that the relative values of the two properties, arrived at in that agree ment represent fairly and reasonably the relative values of the two proper ties and that inc considers the bargain made between the two companies d far and reasonable bargain.
 The United Globe property consists u' 20 patented and 10 unpatented claims and three mill sites. In addi- ton to the original properties owned by the company, the Ilugeye, Buckeye, Carrie dnd True Blue, on d distinct vein to the south of the main Globe ledge are today being worked and yielding rich ore at profit.
 The aim of the company i'll the past has been to secure large block Of property with promising surface indi- cations rather than tO force production. Prior to the acquisition of the proper ties a considerable, though unknown, quantity of copper was made by the four companies previously referred to-. subsequently, the United Globe smslter internationally, but, owing to run of highly SiliciOus ore, found it more profitable to sell 1t as ore tO foreign SmelterS than to reduce by furnace treatment on the spot. Under this policy some 10000 pounds of metallic copper were sold to the Fl PaSU smell ter, before the destruction of the latter by fire, and all arrangements had been made and low freight rates secured with view of shipping not less than 200 tons of ore daily to the Copper Queen shelter at Douglas as soon as the latter should be ready.
 Deponent says mines are amply able tO furnish that amount of ore from rcSeSeryeS on surface and ores readily accessible in the mines. Absence oi sulphide ores has in the past made smelting unproftable and the necessity of making black copper, involved heavy slag losses. Recent Sulphide opened by both companies in depth will relieve companies from this loss. This, with lower freights, will favor loca treatment of ores in Globe.
 Irregularity of ore bodies makes Il ditiiculit to accurately measure quan' tlty and quality of ore in sight. Fol that reason deponent would not set cash valuation upon either Of the properties. Neither company in years past has Detted notable profit to own CTS, but surface values of United Globe have always encouraged deponent tC look for high prospective value same Is true of Old Dominion, and therefore any valuation placed upon them car be only relative and must be based upon future prospects as well al present appearances.
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