Arizona silver belt. [volume] (Globe City, Pinal County, Ariz.) 1878-19??, 1906-05-17
V|C|SS|TUDES SURVIVED
PROSPERITY ASSURED
The Camps Great Vitality Based Upon Its Splendid Mineral
Resources.-Rich in Silver, Globe District Has Been
Proven to Have Still Greater Wealth in Copper
.-Growth is Steady and Substantial


convinced that Globes future was all
in the past. But the advent of this
energetic organization, with unlimited
resources and perfect knowledge of the
conditions, with theSlatest machinery
and appliances, marked the parting Of
OF the ways and will ever look forward
having the supreme consciousness that.
today is good enough, and tomorrow
will be better"
| Not stranger comes to Globe, IL he
is posted on conditions and keen OBJ
server in the field of copper production.
but predicts for Globes future more
than her most ardent dreamers of the
old regime ever imagined.
Cd. Developments Determining Fsctor
DR.. L. d. Ricketts,, who more than any
other has contributed to the present
happy state of affairs, told the writer
recently that exposed in the mines of
the Old Dominion company is ten times
as much ore as when the mine was first
taken over. Elsewhere in this issue ID
told the tale of the wonderful progress
made by that corporation within two
years, and how great part of the
present prosperity Of the entire district
is due to its enormous expenditures
and nervy example of faith backed by
judgment and capital.
The result in the balance of Globe
mining district has kept pace with each
step made by the Old Dominion com.
pany. If there are ten times a. much
ore in sight at the company's mine there
is also ten times as much shown by de-
velopment in other mines of the dis
trict, all opened up to the producing
point within few brief years. These
are merely opened and but three or
four half developed in technical sense.
The Phelps Dodge people are daily
engaged in enlarging their great plant
and developing the ores in their mines.
Outside owners are doing the same.
feeling assured Of ready market for
all the ore they can ship, either to the
local smelter, or those Of Ell Paso and
Douglas. The area covered by these
operations here is greater than IN any
other district in Arizona, or the entire
southwest, and knowledge of the
natural resources of this belt impels
experts who investigate to agree that
Globe will be the greatest copper camp
in Arizona as surely as the twin GER
tainty that Arizona will soon lead the
world as a copper producing state.
ut will be state as soon as that fact
is proven, If not before.)
ITS Good Enough Today"
The mercantile business of this dis
trict-all of which centers in Globe-is
in keeping with the progress in mining.
There is no place in the southwest
where credits are safer or collections
easier, and the commercial missionary
has no scruples in urging Globe mer-
chants to buy all he can persuade them
to. The monthly disbursement of
about $300.000 in hard cash is the key
stone of our commercial prosperity and
the secret of activity. This accounts
for the fact that all classes have money
and as the major portion of jewellers
are permanent and not the fioaters of
the average mining camp, home build
ing is on an unusual scale. Reality has
advanced rapidly during the past two
years but has only Caught up" from
a laggard position. Compared with
other cities of similar population and
resources in the southwest values are
still low
When business properly on the main
thoroughfare can be purchased and
improved with modern buildings and on
low basis of rental return 10 to Is
per cent per annum, real estate values
cannot be said to have attained exhor-
bitant values. Residence reality is
cheaper in proportion than that in the
business section. The rapid and steady
increase in population creates a d.
mand for homes that cannot be satls-
fled, and "For rent" sign is novel;
ty in the city.
On Sound Bssis
This state of affairs is not based on
"l8 cent "copper"" it would be the same
| if copper was selling at Is cents or
ties and the introduction of new pro-
cesses and machinery are yearly
reducing the cost Of copper production
and if decline IN price should come
which does not seem probable
shut-downs would not necessarily fol-
low Globe is on sound foundation
and permanently prosperous structure
is being erected. 1t would be difficult
to imagine state of affairs that would
check or turn back this steady food
tide of progress.
Recent investments by powerful in
terests have greatly broadened the
horizon of our view and others are sure
to repeat what has been accomplished
by the Old Dominion corporation. Pur-
chasers of valuable claims to the num-
Der of sixty or more by H. v. Hovland,
Horal A. Smith and others have been
largely for cash, and they have not
been made for purposes of speculation.
These properties will be developed to
the productive stage a., rapidly as men
can do the work, and tfeir output treat
ed in a..plant as great If not greater
than the present smelter. This is not
the work of one day or one year, but q
safe, gradual anG solid expansion ID
inevitable and all classes of investors
are assured of continuation of pres
emit prosperity and stability in enhanced