Bisbee daily review., 1906-06-24

trict at the time Calumct & Arizona was first started. Morgan Clements, one Of the fore most mining experts in the west today, together with Mir. Probert, another eminent authority on Arizona mining districts. have made an exhaustive eX- an ination of the Globe claims and their reports have been favorable. Capt. Hoatson has also placed his stamp of approval on the district and We believe the Globe company wlll prove as good an investment as CalU- met X Arizona.
 Machinery has already been ordered for beginning development work a, Globe or a big scale. There Hlr be three shafts sunk and diam )nd d.in work carried on. With half d million dollars working capital and payment of ten per cent due next June, there should not be another call for the re l naining five dollars on tGr stock un- til the latter part of 19O1-
 Globe is a good distric;l ana It's mines are not confined to d small area. New companies are coming into Globe. and it is attracting the atten- | ton of mining investors in all parts ! of the United States. The town is | booming and great things are ahead Of 1 Globe for next year.
 The Chiricahua Dev. Go. | DiscOuraging reports come from the | operations of the Chiricahua Dev. l tains. Contrary to expectations the ! ,1- in that
 district by the above named company
 has not located the ore bodies. That l, the development has been poorly man
 aged from the beginning is the opin'
 len of mining men in this section who
 are familiar with the district and the l management from the eastern office
 has been equally as bad. The option | of the Chiricahua Dev. Co. expires in September. It is to be hoped that the present company gets out Of the
 way and makes room for mining
 company that knows how to nnn~, -l order that a promising district may not be condemned on account Of poor management. In the event that the Chiricahua Dev. Co. throws up the sponge the property will revert Jo
 Capt Thos. Burns and Capt. John Dun can. the original owners. and the Re view is reliably informed that these men will experience no difficulty IT turning over the property to men ia Iniliar with copper mining the develop ment stage.
 The Exposed Reef.
 The old Exposed Reef property ir the Huachuca mountains has at las
 passed into hands who promise to dC
 something with it.
 A deed was placed on file in Lht lCcunty Recorders office yesterday
 which transfers the property from r
 E. Warnekros and Sam Gallen tS
 George P. WeIborn. of Owensyille, In
 diana, and c. T. Elliott, of Fl Pas,s
 The purchase price paid according t'
 the deed was 0,5G0. It includes fiy,
 mining claims, three mill sites, tht ten-stamp quartz mill and all of th'
 appurtenances thereto, together witt
 the water rights and saw mill located
 little further up the mountains.
 The parties who have purchased tn
 property have formed a corporation tt
 work the same, and it will be knoW1
 as the ElwelI Gold Mining Company
 and the principal place of business vii
 be at Tombstone. The incorporation
 are George R. Welborn, J. W. Emel
 son, both of Indiana, and C. T. Ellio = of Fl Paso. The amount of capital II zatioa is placed at S1 100000. with In
 same number of shares at par vaiu of one dollar each.
 Q The deal was made through MT. E I liott, who has been in Arizona for | number or years and has been traN Y cling from the Zeckendorf firm out ( e Tucson for some time. and who wi l. have considerable to do with the con !. pany that has taken hold of the pro- e eTty.
 e The property is one that has meri D. and has shown considerable gold or l- and with proper management woui d have been dividend payer today, b' s the management that was in charg n here attempteS to freeze out the eas g. ern stockholders and were themsely,