Bisbee daily review., 1905-10-08
DOWN TN THE HINES
THE WARREN DISTRICT AND FL SEWHERE
 Weekly Review Operations

increasing the cost of operation. We shall also be able 10 handle fully 800 tons of ore more each day when the new plant is working than we are now doing"
 At what do you estimate your Sep tember production?"
 This month We shall produce 5.- S0O.00O pounds of copper"
 With the added equipment this will be raised, will it not
 Certainly. We produce and shall continue to produce about 6,O00. 900 pounds of copper. more or less, month ly. Last month We made S270000. receiving an average price of It 3-S cents a pound When the Greene property was opened an engineer stat cd that all ores that ran below 1 per cent copper were worthless conner ciallv. We are making our present showing on ores that average 5.51 per cent"
 What of the market position of the Greene shares?'
 Speaking for all of them. I may say that they will take care of them their money in them are receiving a their money in the mare receiving a return that is satisfactory to them. and are content. The heavy inter- ests that are the backbone Of the companies bought the stocks for in vestment purposes, and are keeping them for that purpose. I repeat, they will take care of themselves
 What cf the rumored Phelps-Dodge consolidation?
 ''No truth in it. They have their interests: we have ours. They are my very good friends, and are. be lieve. holders of Greene shares. bnt there is no business connection what ever. and non in prospect
 How does the copper situation i'm press you77'
 Tn all my experience with copper. hove never known the stocks of the metal to be so light. Quotations un- der sixteen cents are fictitious"
 What IS the situation at the Greene Gold?"
 "The property is now closed down, owing 10 the rains. IL is situated in a gorge, and when the rains come, work is impossible. When the water subsidies we shall begin work again. No damage is done the property by this condition. IL has happened be fore. and will probably happen again.
 Will the regular dividend be paid at the stated time?"
 There IS no stated time. We pay our shareholders the surplus as 1t is earned. Understand me, when We have a surplus of earnings above our running expense and probable needs we issue t as a dividend. We have never had a set time for the payment We shall of course again pay divi- dends, but there is no time set for it The property has so far paid at the rate of six per cent. l believe in the future of Greene Gold thoroughly, and it will prove itself all that was claim ed for it."
 What are the developments at this property?"
 Most favorable reports, though I have not seer it myself. am in formed by a reliable party that there IS sI2.000,O00 of ore in sight there. Los Angeles capitalists, many of them connected with the Southern Pacific are largely interested. It is in the same belt as the Greene Gold-Silver." :"
 What ar the developments at this property?"
 "We shall have the first section of our mill done early in October, and the entire four sections of the mill in Op- eration by February l. The capacity will be 800 tons of rock day. The road up to this property is fine ex- ample of what American engineers can do. A man whom I have known for fifteen years, used to esteem it quite feat to pack single burro over the country, which Is rugged even for a rugged country. He was thankful if his animal could keep his feet when he was going down hill. Now four mule team can travel with comfort and safety over the same route on a road we have built"
 "Is your railroad project still going forward?"
 "The Sierra Madre & Pacific has 270 miles located, and 140 miles still to locate. We shall go forward with the work as rapidly as possible"
 How does the Southwest look?"
 Never better. It is fIourishing in way that is amazing, and I firmly believe that it's past is nothing to it's future. The resources of the country are limitless-in fact, the neId has scarcely been touched to what it will be in the future. But at present it is enjoying it's full share of the pros perity and good times that were eyi- dent all through the entire country that traversed all the way from Mex. ico to New York. have seen noth- ing like it."