Bisbee daily review., 1906-05-16
Shattuck Receives $475,000, and Shattuck-Arizona Gets
 Escrow Deeds.
WORK ON TRAMWAY
 WILL BEGIN SOON.
Superintendent Pattison Says
 improvement to Handle 2400 Tons Ore Per Day Will Be Ready by Middle of July,

Though not in any sense of the word disposing of his interests in the Shattuck-Arizona property, L. c. Shat tuck has just been one of the princi- pals in the closing Of one of the most important deals that have yet been made in the Warren district.
 In consideration of S475, 5,000, Shat tuck has released all his right. title and interest in the mining ground that is owned by the Shatruck-Arizona, the papers having already been sent to Tombstone for record.
 As a result of this payment to Shat tuck, papsvs that have been in escrow, including the deeds to the group of claims, have passed into the possession of the company. being taken from the Miners & Merchants Bank.
 The company is now in full posses, sion of the property. having made all necessary payments. It means that in the place of trustees certificates for stock every holder will now get regu' lar certificates for their interests
 In addition to the amount Shattuck has received, Emil Marks, George Henninger and Shattuck, together, have received s75.O00 for their inter ests fin the claims that were originally bought by the company, and on which development work has been in prog. ress some time.
 This final payment Shattuck has re- ceived makes s775.000 Jhat has been paid him by the company. It closes up his interest in the ground, though in no way affects 50.000 shares of stock he has held for some time, or 10000 he is said to have received as a result of the recent allotment.
 Late Saturday night news. meager in detail, leaked out regarding the firal payments made Shattuck, Hen uinger and Marks, but it was not until yesterday that the exact facts in the matter could be obtained.
 Asked yesterday regarding the con- struction of a tramway that is to be built to handle the ore from the Shat ktcE-Arizona, Superintendent Patti son stated that as soon as timbers can arrive in the city the work of building it will begin.
 This tramway, which is to be 3,2hC feet long, will extend from the mine to a point near the vicinity of the Hoi brook shaft. 10 which the Fl Paso & Southwestern will build spur when ever it is needed The capacity of the tramway, whicf
 works with large iron buckets, will bt l fifty tons an hour or 1 200 tons for til: entire twenry-four hours. The buckets come down loaded and go back empty ! unless filled with material to be usec at the shaft or in the mine. The downward movement of the buckets | is expected to develop sixJeen-horse power. which will be used in pulling stuff up.
 Superintendent Pattison states that the tramway will be ready for use | about the middle of July. The mine
 will be ready to produce ore enougf to send 200 tons a day on August l The production after that will be grad | ually increased.
 Tt is reported, MT. Pattison. that the Calumet & Arizona is trying to l buy the Shattuck. Is there any trutf | in the report?'' was 9 question put tt | the superintendent.
 "They might as well start rumo' that the Shattuck is trying to buy tho Calumet & Arizona" was his welfpu reply.