Arizona republican., 1906-03-21
IMPORTANT WEEK
 FOR GLOBE CAMP
The Copper ReOrsanizer Cole Ex-
 pecteG to be There.

It is expected that there will be
 transactions in Globe this week that
 may materially change the copper
 map of this country. Thomas F. Cole,
 whose arrival there has been expect
 ed for some time, came rather sooner
 than announced in some quarters,
 having finished his engagements in
 Utah. Hoval A. Smith. MT. Hoveland
 and others were expected to meet him
 there yesterday or the day before. N. L. Amster and a number of his bus
 mess associates left Boston on Wed lnesday for Globe, among the party
 being William A. Paine of Paine, Web Der & Co. They will reach Globe the middle of this week. There are half
 dozen experts and mining engineers there now to meet one or another of
 the party and each is concerned in one big prospective deal or another.
 Among the rumors afioat is one that
 MT. Cole will take over the property of the Arizona Commercial Copper com pany, but concerning what may be done the Silver Belt says;
 "Of the hundred or more rumors freely circulated not one is authentic enough to offer a forecast of the re- suit of this gathering here of the pow erful interests that will shape the fu- ture of d large section of Globe min ing district. It is far better to await announcements of actual work accom-
 plished than to speculate as to the pos abilities. It is sufficient for the satis faction of Globe people that these gen tlemen are here to direct operations involving the expenditure of vast sums of money in developing the mines of this district and that will mean pros perity for all within wide radius of Globe"
 Regarding Mir. Cole personally, and the prominence to which he has risen in the copper world in the last seven years, Horace J. Stevens, the well
 known copper authority. says:
 "In March, 1899, a company of Calu
 met, Michigan, men formed little exploring company to attempt devei- oping a copper mine in Bisbee, Ari-
 zona As a former resident of Calu- met. T. F. Cole was a member. Though officially but a director he has been the strong man of the combination from the first. From this original de lvelopment company has sprung a sue ! cession of remarkable mining com panies. in all of which Cole has been the leading genius. Of the numerous corporations since formed not one has proved a failure and two, the Calu-
 met & Arizona and North Butte. are among the largest copper producers and greatest dividend payers of Amer | ican copper mines"
 l The market value of the stock of
 twelve copper mining companies con trolled by MT. Cole and his associates
 was stated a month ago to be over | S1OO. 900. 900, and since that time the
 Butte Coalition. formed with MT. Cole
 as president, has added $40,000,000
 more to the above figures.
 "The mere rumor of a new Cole fiotation is sufficient" says Mir. Stew ems ito bring subscriptions by tele- graph for more than the entire issue. The rumor last October that Mir Cole was to float new property in the Globe district of Arizona brought a
 deluge of attempted subscriptions. I personally saw one subscription for 25.OO0 shares from a man whose name is good-ne did not know the price, name, location or any other details, but wanted 25,O0O shares, which, as Cole stocks have been put on the mar
 ket at S1O and S15 each, was an at tempted obligation to the extent of anywhere from $25O.OOO to S375.OOO. merely because he thought Tom Cole
 was behind the deal"