Bisbee daily review., 1904-05-24

The stockholders of the Higgins De velopment company held a meeting yesterday in the Douglas house par lors. It was attended by large rep stock. N. F. Leopold, president, and James R. Dee, director, haG just re- turned from a visit to the property at Bisbee and they gave the stock holders the pleasant information that they were well satisfied with the con ditions and the prospects at the prop erty.
 A telegram just received from Scott Turner. the superintendent of the com pany. was read It stated that the drift in the upper tunnel had cut into black lime and iron, with ore mixed all through it, and the prospects and present showing were good indications of a large ore body. In the lower workings. the message said. the dia- mond drill in Hole No. 3 had cut through the porphyry and was inro the lime.
 The stockholders elected the follow ing board of directors: N. F. Leopold, James R. Dee. J. J. Beatty. NJ. J. Gnu ningham and Dr. Koeing-
 The directors held a meeting follow ing the meeting of the stockholders. At this meeting N. F. Leopold was chosen president, Dr. George Koenig vice-president and, James R. Dee sec retary and treasurer. The report of the directors to the stockholders is here given in full:
 Report of Directors.
 May S, 1903 the first payments were made to Thomas Higgins, and $. A. Parnall was ordered to commence work immediately, which was done by starting a crew of men building a wagon road near the bottom of the Tombstone Gulch. 2,500 feet in length to a site chosen for the shaft. The road had to wind up around long cut through solid rock.
 On the sixteenth of May sufficient timber was ordered for 300 feet of shaft, hoist, two boilers, and other equipment purchased for doing work in the Higgins shaft. The machinery was promptly shipped, and material was borrowed from other mines for the purpose of erecting the gallows frame and starting the initial work on the shaft.
 On the 2sth of May the shaft was started by windlass, which at 60 feet was replaced by Whip" which con tinued the depth to approximately 110 feet. The shaft was three compart- ment, size of each four feet three in ches by four feet six inches. By the fourth or fifth of July the road had been completed, the gSllows up and the hoist in operation. Shortly there after a Sullivan straight line air com pressor was installed. of capacity for three drills The shaft was sunk 300 feet deep in a few days over three months from the time of starting, when it struck water sufficient 10 se- riously delay the progress. Pumps were installed and the depth of the shaft carried on to 30S feet. The flow of water was then sufficient 10 cause serious consideration as to whether 1t was advisable to sink the shaft deep CT or not The immediate considera- tion for stopping the shaft was the great expense of sinking whereas, one of the formation that irtersects the section of the country which crosses the Higgins property along the length of the Twilight claim, where the for mation gives rise to precipitors cliffs
 Along these cliffs are found con siderable bodies of ore. copper stain ed and copper ere stringers. The elevation Of these cliffs. and the eie vation of the Higgins shaft 5,660 feet The depth Of the shaft was 300 feet making a total depth below the top oi the cliffs about $50 feet.
 As the characteristics of the for nation exposed is such as that ir the Copper Queen immediately to the east and ia similar instances observed in other mines, il is fair to take for granted that bodies of ore could very possibly occur at shallow depths, fol in the Copper Queen mine, the Olt Dominion mine. the Silver Bel mine and numerous others thorough out the territory, it has been found that where copper ore is associated with hematite iron these bodies may he met with at any time associated through and with hematite or asso ciated with it in any dimension. con sequently it was considered good pol icy to start a drift for that section O