Bisbee daily review., 1905-03-05
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thdl hdS lot better look, from the investors standpoint, is that taking of the American into the consolidation is under consideration, with chances in favor of adoption. The story comes from a source that has in the past been used to feel the pulse of Bonan- ga Circle stockholders in regard to various policies under consideration.
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 Iron Ore says that figures given out by various brokers regarding the terms of consolidation have had the effect of causing l.. s. & P holders to let go in a good many instanes be- cause they feared that the stock would not stand as well in the consol- idation as some others. Had these people kept touch with the columns Of the Review and noted the various reports of splendid ore development made at the property in the last sey- eral months they would have known that L. $. & P. by mere force of merit must stand second only to C. & A. in any consolidation plan that might come about under present conditions. ms would be true even with a man. agement that was not to be absolute ly relied upon for fairness, and the fairness of the Bonanza Circle man. agement is to be relied upon for there are enough l.. s. & P. stockholders who have proved their fighting and staying qualities to block in the courts any attempt at unfairness toward their holdings, and they know, too. what would constitute unfairness. for they know their ground.
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 | There must have been considerable Of an uproar heard in the easr about the alleged plan of treatment of L. s. | & F.. judging from the way Iron Ore hands out the soothing syrup on the | proposition in the following com | ments:
 In the figures that have been pre- sented by different interested brokers concerning the probable basis of con- solidation there has been nothing up- on which they have arrived at their 1 conclusion. By this We mean they
 nave nothing official, or from men representing the sentiments of the 1 directorate. Due to the liberal adyer- 1 using that has been given the matter i however, there have been many peo- | pie influenced by these reports and not few have made sacrifices of Lake Superior & Pittsburg. having
 been led to believe it would fare | worse than Calumet & Pittsburg when the consolidation was effected. It is too pad they were stampeded by these ] rumors. Lake Superior & Pittsburg. when the consolidation comes. will stand next to Calumet & Arizona in the list, and we'll above any other property in the amount of canital This We know will prove correct as the property is entitled to this place Dy reason of the values it has discIos- Cd In the way of ore and the large territory it owns. The figures which nave been published stated it would receive about 1-2 for of the consoii- dated shares. It will surely get much 1 better than three for>one
 Those who hold stock in this Bonan- ga Circle company feel certain their money is we'll placed. They do not like to hear of any consolidation plan that does not give this fine property a HDeral representation. It has more ore proved than any Circle mine out slde Of Calumet & Arizona, and ore IS what counts in the mining business. The insiders of the Bonanza Circle are not without this stock. They have fine blocks of it and know it's value. They will see to it that it is fairly treated f Tn the consolidation. It will all he honestly done. We can assure read CTS Of Iron Ore that all interests will De lmpartially handled, You don't suppose so big bull as is Capt. "Jim' Hoatson would stand to see his fa- vorite showed off the slate? Every thing will be brewed so all the in- | gredients will be employed in proper proportions, no matter what rumors may say.
 under the new management that is expected to soon commence doing things in way of development at the Calumet & Cochise. it is altogether probable that the present 1OOO-foot shaft on the property will be aban- doned. This shaft has nothing to commend it. The location has been considered bad almost from the begiu- ming, and with depth it has been posi- NA'NAy uCAAOASlld Ildt economical use of the hole is out of the question. f + <
 About the next step at the Wolver- inc & Arizona will be the commence. ment of an air shaft to connect with the long drift. This shaft has been needed for some time, and will prove an economic step worth while, for with it in service much more rapid work will be possible underground. Sinking in the main shaft will resume at the same time that the increased force is put on for the air This will Joe with the appointment of a superin- tendent for the property. It is thought this appointment will be announced from Michigan in the course of the next few days.
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 Notwithstanding the bad weather the c. Q. smelter worked like clock work and the streams of cOnner nour-