Arizona silver belt., 1906-12-23
$300,000 Involved in Bonding of Rich Groups of Claims in Globe Mining District.
DEVELOPMENT WORK
 HAS ALREADY STARTED
Three Compartment Shafts to Be Sunk on Two Properties Immediately = Claims Are Located Near Globe.
(From Wednesdays Daily

The newest and latest big deal fol mining property in the Globe district is one of the most important yet con summated and involves twenty nine claims located within half dozen miles of Globe, with consideration which will aggregate $30O,O00. The deal was made without one of the interested par ties leaving the city, which tells more than words the value of property which can command such figure and also the faith which is being shown in the dis trict by those who are new to the vicin- ity.
 The properties involved in the deal are the Oates Newman group of sixteen claims, which have been bonded from ]. B. Newman, Philip Oates, Joseph Faull and J. P. Faull; a group of five claims adjoining and owned by w. D. Fisk, J. w. Bandhauer, A. A. Patter- son and John Wog, and they have taken an option on the Taylor Woods group of eight claims owned by c. F. Taylor, Lyman c. Woods, J. J. Keegan and Vii liam Stevenson. The bonds on the two first named groups cover period of eighteen months.
 A Record Transaction
 Negotiations for the deal started on the latter part of last October, when Attorney F. J. Elliott began securing options on the various desired claims. claims which were also desired by heavy interests other than those which secured them, as there were at least three large companies importuning the owners for options at the time. De- cember force of men was put to work on the initial development work, which will be prosecuted with vigor and on large scale under the supervision of F. c. Alsdorf. until recently of Clifton, who is acting as agent for the principles in the deal, the identity of whom, it is presumed, will remain "sub rosa, for short time at least, neither MT. Elliott nor Mir. Alsdorf being ap- parently willing to divulge the names of the people who are behind the deal, but the proportions of the deal make it certain that the interests back of the purchasers end are important ones.
 Much Ore in Sight
 The first work on the properties, which are located five and a half miles northwest of Globe, will be the devel- opment of the Captain claim of the Oates Newman group and the Red Spring, which was owned by Patterson and Wog. Sinking for three-compart- ment shaft has already begun on the Captain and similar shaft will be sunk on the Red Spring It is said that the Captain is a solid mass of ore and the shaft will be in ore from the grass roots, as an abundance of it was disclosed when the ground was prepared for the shaft. Three shifts will be put ties immediately and a hoist for the Captain will be ordered within a week.
 Cook and bunk houses, trails and wag- on roads are almost completed and if teen men are already employed on de- velopment work. The ground is con tguous to and similar to the Inspira- tion mine, which is showing great prom ise, and the Eureka, now being oper ated by I. N. Kinsey, which is also adjoining, proves part of the ground. Engineers who have been on the ground say that it is one of the heaviest miner alized sections of the Globe district and great things are expected of it in the near future.