Bisbee daily review., 1906-08-19
COLIN. |. GREENE WRITES OPEN
 LETTER
Says Money Was Furnished From New York for Fo- menting and InCiting the Riots Across the Border.
To the Stockholders of the Greene Consolidated Copper Company.


 after an absence of several months at the mines of the company at Cananea, Mexico, a few words as to the present conditions at the mines may be of in- terest, in view of the many reports that have been circulated during the past sixty days.
 Upon June 1st we had serious labor troubles, resulting in the loss of a number of lives and the destruction | by fire of the companys lumber yard, involving loss of stock and material of about S200,00Q. The trouble was immediately suppressed, and while our production for June and July was materially lessened, it is again normal. Cur July production, including mates and flue dust shipped having been 1 4,O60,0O0 pounds of copper. That for the month of August will probably be in excess of 4.506.000.
 The money for fomenting and in- letting the riots was furnished from New York and was part of a delibeT- ate attempt to depreciate, by the de- Istruction of its property. The securi- ties of the company, and has been sup plemented by the usual crop of mali cious and misleading rumors. Fortu- naIeIy, however, the attempt to de stroy your property miscarried, and conditions are again normal. Quiet has been completely restored at Cananea and the Mexican Government has es- tablished a permanent post, and will NmainJain a strong permanent garrison at CanaI ca, thereby insuring absolute guarantee against any recurrence of labor troubles.
 Developments at the mines of the company have been extremely satis- factory. Our reserves have been very largely increased, large bodies of ore having been encountered in the Puer- tecito, upon the lower levels 800 feet below the surface croppings, and upon the Esperanza, Massey and Veta |Grande ere bodies.
 Drift H215 on the Massey. has passed through a large body of ore running from 20 10 40 per cent lying one-half mile South of the original Massey ore body.
 At the Henrietta, two miles West of the Elisa, developments have also been extremely satisfactory. On the lower level of this mine. connection naS been made with the shaft, ore bins installed. and this property is now shipping about 150 tons of a good grade of ore per day. The crosscuU on the lower level at the time of my leaving the mines, July 31st, had cut 16S feet in width of ore, and the hang ing wall not yet encountered. The Henrietta bids fair to be one of the largest properties belonging to the company.
 Upon Cobre Grande No. 2, another large body of good grade ore has been developed during the past few months, and from which 100 to 125 tons per day are now being extracted, averag- ing per cent copper and 12 ounces silver per ton.
 From tunnel No. '. above the old Veta Grande. about 5000 feet of cross cutting has been done during the past year, showing the continuance of the VeIa Grande ore body, 4.000 feet to the south of the original Veta Grande workings. With the development and definite locating of these ore bodies, we have been during the past year gradually preparing for the installa- tion of the caVing system of mining. We are now operating the system up- on the EsperauZa and Henrietta mines, and will in a few months have the sys- tenn installed on the Veta Grende, Oversight and Massey bodies. The change into the caving system has naturally entailed a large amount of expense, but will result in a very ma terial reduction in mining costs, our ore extraction having shown in the last 90 days a reduction of about 28 per cent in cost of mining. Our min ing foremen confidently expect very large reduction in mining costs, and We anticipate that within the coming year our mining costs will be reduced to less than s1.00 per ton.
 Tn pursuance of the policy outlined by the Directors of the company for the past year, the policy of the man. agement has been to treat the lowest grade of ore that could be handled consistent with making a net profit of $225, 900 per month. This profit has been made and the grade of ore has been reduced from per cent to 2 If per cent, thereby demonstrating that the enormous bodies of ore which we have exposed with copper tenor of SO pounds of copper per ton can be worked at large profit. We con fidently expect in the future to be able to treat ores with copper content of B pounds of copper per ton on present copper market and maintain at least our present rate of earnings. Owing to the scarcity of labor and the ina bility 10 obtain prompt deliveries of machinery, construction of furnace No. g and the two new converter stands ordered at the meeting of the Board of Directors of your company, held at the mines April Is. have been somewhat delayed. The extension of the converter building, however, is