The Montgomery advertiser., 1905-10-22
SENATOR CLARK'S MINE
EVERY MONTH HE RECEIVES ee00,-
 GOO FROM FAMOUS VERDE.
Refused s2S,000, 900 for It Because He Didn't Know What to Do
 With Money.

William E. Cufus HI S"AS"sS
 Herald.
 Senator William A. Clark. of Monta- ma. was offered $25,000,00o in cash oy an English syndicate not long ago Tor the United Verde copper mine, ana ne told me he refused 1t because he dio not know what to do with the money.
 It is said to be difficult to invest $26.- 0o0. 900 although few people ever at- tempted such a task Senator Ciark has had considerable experience that way-more than most of us
 There are other reasons why he would rather have the mine than the money. Some idea of the value Of the property may be gained from the fact that since operations began in 1884. more than s9O, ,00o, 900 worth of ore has been taken out of 1t. and C1arks en- eineers assert that S50.0oO.OO0 worth has already been blocked out, ready to be removed as fast as desired or the facilities will permit.
 Of this, a block of $12,000,e00 Is sup porting the machinery which must be removed first. do not know where more valuable foundation for hoisting plant can be found.
 But really nobody knows anything about It. There Is no mining inspec- tion law in Arizona and no reports are .reauired. Senator Clark talks freely 10 ms ITlenuS, Dut uocS hOs "A'O"
 managers to enjoy that privilege and nobody except the workmen in the com pany is admitted to the inclosure with out a personal pass from him.
 He has several other well-paying mines in the same neighborhood. but they are not worked to their full capa city. The Equator mine, three miles south of the United Verde, is popularly believed to be equally valuable. kt~n
 Senator Clark bought the United Verde for gold mine and admits that If he had supposed 1t was copper property he would have turned it down" It was offered to a dozen different parties before he leased it and he says he was not proud of the trade at the tune. The United Verde property consists of 26O acres of land and controlling interest cost Senator Clark $26,soO In 1ssS. It Is situated at the town or Jerome, on the Santa Fe. Prescott and Phoenix Railroad. about forty miles south of Ash Fork station on the Santa Fe line to California.
 Jerome is a town of about 1,bOO tn- habitants, and nearly everything in 1t belongs to the mining company, of which Charles W. Clark, the son of the Senator, is manager. He Is assisted by several experienced men. Jerome IS reached by a narrow-gauge road, twen- ty-Slx miles lOHB, WhiCl dAoo SoA NNS several other important mining prop critics in the neighborhood.
 The town was named after Larry Jerome, a famous bon vivant of New York, who used to have some interests out here. Jerome park, near New fork city, was also named after him. and | two of his daughters married into the | British peerage.
 Senator Clark owns 9S per cent. of | the United Verde Mine and, according | to popular opinion, his income from 1t averages about $600.000 a month. He l can make as much more as he likes. but
 Is satisfied with that. The mine pro-
 duces an average of 4o,ooo,ooo pounds l of copper a year Last year the out put was 46,600,000 pounds, which, at | Is cents d pound. was worth $6.900. 0.0o0, | and this is said to have been all clear l profit, because the by-products-the | gold and silver found with the copper l ore-unore than paid running expenses. l The mine was discovered by Captain 1 John Boyd, a veteran mine prospector, | in 1873, and was developed by two Chi cago men-John O'Daugherty, an anna | teur assayer, and his brother. Edward | ODaugherty, a medical student, who | came down here for his health. They | discovered and developed several other | prospects In the immediate neiGhbor- hood, including tho now famous Cop
 per Chief and Iron King mines. They | organized the district and inc orporated | two or three mining companies in the | 70s and early sos.
 1 The United Verde Mine was first of | fered to the owners of the famous Cal | umet -Hecla mines of Lake Superior,
 then to Phelps, Dodge & Co.. of New
 York, then to Mark Hopkins of San | Francisco and afterward to John ". | Mackey and his associates. Frank M. Murphy of this city, president of the
 Santa Fe, Prescott and Phoenix Rail-
 road, tells an interesting story in this | connection.
 When he was quite a youngster | knocking about this part of the coun- try he was sent ever to get sorc sam | ples of the ore which a promoter here l want ed to take with nim to New York. The latter had arranged to start the
 next day, and Nil. Murphy rode thirty | six miles over the mountains and thir | ty-six miles back to Prescott in one
 day, stopping at tho prospect hole just long enough to pick up some of the bes t
 samples of metal-bearing rock he could find lying around loose.
 I