Arizona republican., 1906-02-04
RENEWED ACTIVITY
 Al STODDARD MINES
A Large Consignment of Machinery
 Enroute to the Properties.

A large consignment of machinery of various kinds, consisting of boilers, compressors and air drills is now on the way from Denver to the Standard Cop per properties. A recent issue of the Binghampton (N. Y) Evening Herald describing late visit of Isaac T. Stod- dard says:
 Hon. Isaac T. Stoddard, of Phoenix, Ariz., formerly of this city, and un til recently territorial secretary of Ari- zona, arrived in the city yesterday to spend a short time with his father-in law, ex-Judge CeloTa E Martin He spent yesterday and today calling on old friends in the city and receiving congratulations on the successful clos ing Of one of the largest mining deals which has been recorded in the history of Arizona. for which purpose he came east last week.
 This mining deal, in which eX-Sen- ator Reynolds, one of tine largest real estate dealers of Brooklyn, is associat- ed with Mir. Stoddard, is principally for
 the development of the BinghamtOn and Copper Mountain mines in the copper belt of Arizona, which until
 Monday was the sole property or MT. Stoddard, and which he has been open ing up on large scale during the past lew gtdlSs lldNAii6 all IclbS S0lGiAtIo more than $4OO,OOO on the development Of the property, which is said to be
 one of the richest in the west.
 The mines are located at StoddaTd,
 Arizona, a town which was named for MT. Stoddard, some distance back from
 the railroad in the center of the copper belt. The mines are located within a short distance of the mining properties
 of Sena tor w. A. Clark, which a1e claimed to be the richest copper mines
 in the world now in operation. and
 experts claim that the holdings of MT.
 Stoddard will equal if not surpass
 those of the copper king senator.
 For some time past NJ Stod1ard
 has felt that in order to fully develop the properties 10 which he holds title.
 he needed the investment of eastern capital, and to the end oi ecuring
 this he has been in communication with some of the best known capitalists.
 Last week he went to New York and had several conferences with ex-Sena- tor Reynolds, the outcome of which was that deal was closed, whereby MT. Reynolds furnishes MT. Stoddard with sufficient financial backing to enable
 him to carry out all his ideas in regard to the development Of the mines and becomes an equal partner in the con- Cern.
 MT. Stoddard stated last night that plans have been made for working the properties on a large scale, and that within a year or two, il is expected that the output ofe the mines will be nearly a $ great as that from any of the mines in the west. 4 railroad will be constructed from the nearest point on the main line of the Santa Fe to the | of StnTda~1 al ters are about ready to receive the output of the mines, and some ore is already being taken out. Byres H. Git cheH, secretary of the local Chamber Of Commerce, who was with MT. Stod- dard for a year and half in Arizona. says that assayers claim that the cop per ore from the Binghamton mine is the richest 10 be found anywhere.
 MT. Stoddard says; None of the stock of these properties will be p.ac- ed on the market MT. Reynolds and myself will furnish all of the capital necessary to get the mines in full run ming order and we do not intend to ask for any outside help. We are fully convinced that we have a good thing and have no desire to let anyone else in on the ground floor. We have no mining schemes to interest the people, MT. Stoddard is also president of the Stoddard Incorporating company, the Central Avenue Improvement com pany and several other important con- cerrs in Arizona, besides being a res ident agent in Phoenix of several thous- and corporations which have sought
 their interpretations under the laws of
 Arizona, largely under the direction
 of MT. StOddard."