Arizona republican., 1906-03-27

ing a panoramic view that includes large portion of the Globe district and shows the relative location of differ ont holdings.
 Both gentlemen are enthused over what they saw at Globe Not alone their own holdings, but those of adja- cent properties, the development of which has practically insured the val ue of the Iron Cap. Though no ore vein has yet been cut by the Iron Cap shaft, numerous veins encountered in the workings of the properties that join it on all four sides, prove their necessary existence in the Iron Cap. The Buckeye, adjoining on the south is being worked by the old Dominion and the Arizona Commercial holdings adjoining on both the east and wes. are well developed. while to the north is the Bird group. which Thomas F. Cole is exploiting and which was pre- viously somewhat developed. J. D Coplen, general manager of the Inspi ration Mining company, whose prop erty is in the vicinity of the Black Warrior, a few miles west of Globe, has been secured as a consulting en- gineer in the development of the IroU Cap. Messrs. Powers and Woodward visited the Inspiration group during their stay and were greatly entnused over the showing made there, and the manner of the work done by MT. Cop len satisfied them he was the man they wanted at the Iron Cap.
 The presence of Thomas F. Cole and numerous other copper operators in Globe last week gave rise to many rumOrs. Almost every property in the district was coupled with some s-f0 of them was a report that the Cole in terests were about to secure the Iron Cap. MT. Powers, when asked about this report yesterday, said that it was true the company had received two or three offers to buy and at figures that would return a handsome profit over the purchase of the Iron Cap. However he did not know whether any of the offers came from the Cole interests or not, nor did it matter ma erially, for they were all rejected. He did not say that the property could not be bought, for enough money will buy most anything, but he intimated that the. National thought so well of it's prospects that just now it don't care whether anybody wants to buy or not There seems to be a great deal more money in the ground for the owners lildil any yDOuy mas yet seen Ill to Of fer.
 The Copper Peak mine. which the National is also developing, was visit ed by MT. Powers and Mr. Woodward II is situated on the GiIa river. seven miles below Kelvin, in PinaI county This mine is also at the present time most promising one and operations are being pushed as fast as possible.
 MT. Powers spent a part of yester- day afternoon in driving around the city and nearby farms, though it was too stormy to venture far away. It is his first visit here and he desired to at least get a glimpse of the town He says that although Phoenix is not as big as Boston, it IS not entirely un- Leard of in the east, and this section is considerably talked about by people who travel. He will leave for home on this mornings Santa Fe. as urgent business demands his attention though he would like to stay longer II he could. However. he expects to have business in Arizona quite ire quently from now on if his mining iR- Vestments prove to be even half of what they now seem to assure hin, MT. Woodward will be here and at the mines for perhaps a month, as he will be actively engaged in their operation and later he may spend most of his tune in Arizona.