The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1905-09-08
INCOME OF S6OO,OOOA MONTH
United Verde Copper Mine Re-
turns That to Senator Clark.

Senator William A CLARK, of Mon
tana was offered $25, coo, 600 IN cash
by an English syndicate not long ago
for the United Verde copper mine, and
he told me he refused it because he did
not know what to do with the money,
says w. E. Curtis In the Chicago
hcord7 Herald. 1t is said to be diff
cult to invest $25 600 900. although few
people ever att mpted such task.
Senator Clark has had considerable ex-
pellence that way-more than most of
us. There are other reasons why he
would rather hsve the mine than the
money. Some IDEA of the value of the
property may he gained from the fact
that since operations began in 1884,
more tnan 500, 0000, 900 worth of ore has
been taken out of it, and Clark's engi-
neers assert that $50. 900, 600 worth has
already been blocked out, ready to be
removed as fast as desired or the tee 4,
lties viii permit. OF this, a block OF
$l2, 0OO 900 Is supporting the ma
chlnery, which must be removed first.
90 not know where a more valuable
Ioundatlon for a hosting plan can be
found.
Inc United Verde property consists
OF 2O6 acres of land ana q controlling
interest cost Senator Clark S26, 800 in
1868. Ii Is situated at the town of
Jerome, on the Santa Fe, Prescott &
Phoenix Railroad about forty miles
south OF Ash Fork station on the Santa
re line to California. Jerome is
town of about IL, 500 inhabitants, and
nearly everything in it belongs to the
mining company. of which haIles W.
clark, the son of the Senator, is man
ager He is assisted by several expe-
nenced men. Jerome is reached by
narrow guage road, twenty-six miles
long, which also serves several other
important mining properties in the
nelghDoThood. The town was named |
a1ter Larry" Jerome. famous hon |
vlvant of New York, who used to have
some Interests out here. jerome Park, |
near New York City, was also name
AFTER him, and two OF his daughters
married into the British peerage
Senator Clark owns 50 par cent of |
the United Verde mine and, according !
to popular opinion, his income from IT |
averages about 5000, 600. He can max
as much more as he likes, but is sati,-
hed with that. The mine produces an
average of 40, 600, 600 pounds OF copper
wear Last year the output waa
46 900 900 pounds, which at Is cents a
pound. was worth So 900, 600 and thi
is said to have been All clear profit,
because the ny -product-the gold and
silver found with the copper ore-moIe
than paid running expenses But
really nobody down here knows amy
thing about it. There is no mining
law in Arizons and no
reports are required. Senator Clark
talks freely to his friends hut does
not allow mis- managers to enjoy that
privilege, and nobody except tue work
men in the company is admitted to the
nclosuIe without a perso 1al pass from
hin. He has several other well-payIng
mines in the same neignborhood, but
they are not worked to their full ca
pacIty. The Equator mine, three miles
south of the United Verde, is popu-
arIy believed TO be equal valuable.
1t is a satire upon human fate that
senator Clark bought the United Verde
or gold mine. and admits that if he
lad supposed 1t was a copper property
le would have turned it down.
1t was offered to a dozen different
parties before he leased 1t, ana he says
,e was not proud of the trade at the
ime