Bisbee daily review., 1906-03-25
MINING MEN IN
 GLOBE DISTRICT
Bonanza Circle Crowd Spend Several Days
 Visiting Properties
ARIZONA COMMERCIAL GOSSIP
Especial Correspondence.) ]

Especial Correspondence.)
 l Globe, Ariz., March 21.-The gath
 ering here of capitalists and mining
 men representing some Of the leading
 interests in the copper world is at.
 tracing wide attention. It is known
 that deals are pending, which involve
 the transfer of several of lthe largest
 copper properties in the Globe dis
 trict, and their consummation-ol
 which there appears to be little doubt l-would mean the formation of two or
 more corporations riyaling in import
 snce the leading copper mining com. Panies now operating in Arizona. | Bonanza Circle in Globe. Foremost among the mining men now here are prominent members of the C. & A, or Bonanza Circle" com
 6ination, including Thomas F. Cole, I Of Duluth, Minn., who for some time past has been a conspicuous figure l in mining circles; Chester A. Coug- don and H. B. Hovland, also from Du. l luth; George E. Tener Of Pittsburg, Pa, prominent. in the steel business as an officer of the Oliver Iron Min ing Company; T. H. Collins and Capt James Hoatsbn of Calumet. Mich., the latter yice-president and. in real ity, the active head of the Calumet & Arizona and other Bonanza Circle companies.
 The C. & A. combination has main tained staff of mining engineers and surveyors, as well as an office force. here for the past several months The first evidence of their interest in Globe district came to light early last summer when J. Morgan Clements, geolcgist and mining expert for the C. G A, made his appearance here and quietly commenced the examlna- tion of the Taylor and other copper properties. After making several trips here from Bisbee, MT Clements removed his headquarters to Globe and some time later was joined by Frank B. Robert, a mining engineer Of note.
 Valuable Options Secured. Their operations were gradually extended until nearly all the mineral ground around the Old Dominion, United Globe and Arizona Commercial
 
 cred by their investigations. An op- ton was first secured on the C. E. Taylor group of claims, and then on the Bird group, owned by Stevenson, Shoap and House, and the claims of J. J. Cramer, Tom Doyle, Barney Rice and others. In October the Mallory mines were purchased from the Globe Boston company. In all of these deals. the names of Hoval A. Smith, Of Bisbee, and H. B. Hoyland, of Du- luth, appeared as the purchasers and the utmost secrecy was observed to prevent the impression going abroad that the real principals acquiring such extensive holdings here were the con trolling spirits of the Bonanza Circle
 Faith in the Properties.
 The options have since been taken up and bonds executed, running thirty months, 10 per cent. of the purchase price paid down and other payments provided for in eighteen months and at the expiration of the bonds On several of these deals, 60-day cash op- tions have recently been arranged, at discounts of 10 or Is per cent. from the purchase prices named in the bonds to be allowed. This latest move A. people are well satisfied with most | of the properties and are desirious of acquiring title to them at the earliest l practicable date. Going Outside the Proven Ore Zone |
 Tn addition to the 1000 acres or more of mineral land acquired by bond | and purchase, some fifty or sixty l claims have been located for the same interest, a half mile and more west of the Old Dominion property, | covering a section of the district that had previously been but little pros pected for mineral Between these new locations and the west line of the Old Dominion, west of Pinal Creek, are a number of other claims bonded and located by Duluth parties who have been associated with the Cole in mining ventures else where, and it is not unlikely that these large holdings will eventually be brought under one management.
 These matters have been explained somewhat in detail in order to con vey a better idea of the extent of the copper holdings secured by the C. < A. people in the Globe district May Take Over Arizona Commercial.
 More important than all else, how sver. pertaining to the movement and probable plans of Thomas A. Cole and associates in this district Is the well authenticated rumor that they are now negotiating for the purchase If controlling interest in the Ari- F na Commercial Copper Company's splendid property. The report has been current here and in Boston for !