Bisbee daily review., 1906-12-21
MINING DEAL
 CONSUMMATED
Big Sum Involved in Bonding of Rich Groups of Claims
 in Globe Mining District.
Globe Silver Belt.)

The news Of the lates: big deal for mining property in the Globe district Is one of the most important yet con summated. and involves twenty nine claims located within a half dozen miles of Globe, with consideration which will aggregate s300.000. The deal was made without one of the in- ;erested parties leaving the city, which tells more than words the value of the property which can command such a figure, and also the faith which 1 Is being shown in the district by those who are new in the vicinity.
 The properties involved in the deal are the Oates-Newman group of six | teen claims. which have been bonded | from J. B. Newman, Philip Oates. Joseph Faull and J. P. Faull; a group of five claims adjoining and owned by w. D. Fisk. ]. w. Bandhauer. A. A. l Patterson and John Wog, and they have taken an option of the Taylor Woods group of eight claims owned by C. F. Taylor, Lyman c. Woods, J. iJ Keegan and William Stevenson. | The bonds on the two first-named groups cover . period of eighseen
 months.
  i the latter part of last October, when
 Attorney r. J. Elliott began securing options on the various desired claims claims which were also desired by 1 heavy interests other than those | which secured them, as there were al least three large companies importun-
 ing the owners for options at the tiTae. l December ,, force of men was put 1 10 work on the initial development
 york, which will be prose .uted with igor and on large scale under the i upervison of F. C. Alsdorf. until | recently Of Clifton, who is acting
 agent for the principals in the deal
 he identi, of whom. it is presumed. will remain "suD rosa" for a short
 time a. least, neither Mir. Elliott nor
 Mr. Alsdorf being apparently willing l 10 divulge tie names of the people who are behind the deal; but tho | proportions of the deal make it cer 1 tain that the interests back of the purchasers end are important ones. i The first work on the properties whis are located five and a half miles northwest Of Globe, will be the deYel- opmeut of the Captain claim of the l Gates NeyTan group and the Red i Spring, which was owned by Patter- i sen and Wog. Sinking for three lcompartmenf shaft has already begun on the Captain, and a similar shaft will be sunk on the Red Spring. It is said that the Captain is a solid mass Of ore, and the shaft will be in ore from the grass roots, as an abund-
 ance of II was disclosed when the ground was prepared for the shaft. Three shifts will be put to work on l,ia shafts on both properties imne diateig, and q hoist for the Captain will be ordered within a week.
 1 Cook and bunk houses. trails and wagon roa5s are almost completed, i land fifteen men are already employed lon development work. The ground is contigGC us 70 and similar to tho Inspiration mine, which is showir, fgreai promise, and the Eureka, noN
 being operated by I. N. Kinsey. which
 is also adjoining, proves part of the ground. Engineers who have been on the ground say that it is one Of ths l heaviest mineralizei sections of the Globe district. and great things are expected of it in the near future.