Bisbee daily review., 1906-06-13

Traversing the property are the Hancock Lode, the West vein and the Pewabic lode, all extending to great depth. All three formations carry copper values and have been thoroughly proven on the Quincy mine adjoining to depths reaching one mile on the plane of the formations. From the Pewabic lode the Quincy has taken profits which has enabled 1t to pay its shareholders dividends exceeding s16.000.0Oo.
 It is planned to begin as soon as possible after the final details of the Organization have been completed, to unwater the old Hancock shaft, which is opened to a depth of 1000 feet, and enlarge it to the size of modern shaft, with space for two skip roads. New hoisting machinery, air compress sors, boilers, etc, will be provided and a modern and up-to-date shaft and rock house erected to handle the pro duction. After this work has ad- | vauced sufficiently a new shaft win , be started. It will be sunk on d lrertical line: to the westward and : Eear the boundary between the Han cock and Condon tracts and crosscuts will be extended at depth to intercept the various lodes crossing the prop urres. John D. Cuddihy, of Calumet,
 has been working out the details of the organization of the Hancock Con.
 sotldatsd for the last few months. and I it is due mainly to his efforts thai the concern was organized. Mir. Cud- diny is president of the First Nation al Bank of Calumet, one of the strong est financial institutions in the state. l I,,-t,, for , | corporation, and he will be president Of the company and have immediate ClaIge of it's business affairs.
 John L. Harris, of Hancock, who possesses an invaluable knowledg of
 the Quincy mine, adjoining, which he was connected with for many years
 in various capacities, being manager
 during the latter part of that time, will
 be superintendent of the Hancock
 Consolidateds mining operations. He
 is regarded as noe Of the best mia
 ing. men in the lake copper field and
 is peculiarly fitted for the position he has taken with the new corporation
 because of his extensive experience
 in mining the same lodes in the Quin
 cy mine. ." E.. .sE.E .a
 One of the component parts of the
 f1duCOCh SOHSOiludLtt. rto pA SNlouSiO
 stated, is the old Hancock mine. This property discontinued operations in ] SS4, when the price of copper was
 Town to nine cents a pound. Previ
 JUS to that time, and with the primi
 i've methods in vogue then, the prop
 nrty was enabled to work satisfactori Fly. The shaft was sunk to a depth lof 1000 feet, and quite extensive lopenings were created. The opera itions were confined to the Hancock
 vein, which was found to average F fleet in width, and was uniformly min teralized. Records show that the av craze yield was maintained steadfl!
 during the last eighteen months oi activity. An old Cornish stamp head
 was in use at the mill and treated ar leverage of about 225 tons of rocl
 daily. a a a a a. s s s a
 The Hancock Consolidated compa lny begins work under very favorable auspices. It has $500,0 in the treas Jury, it's property fully paid for, a shaf down 1000 feet, and the metal markei lis strong and every indication is that lit will continue so for an indefinite period. Only half of the capital stock
 Is issued, leaving stock of the pal
 value of s2,500.000 available for future needs. The concern has the strong lest kind of backing. and 1t Is authori tativeiy stated that the principal mer behind it are ready to advance S1. 000, GOO more any time it is deemed necessary. The mine Is located h the heart of the city of Hancock, ant much of the lands are valuable fol building purposes in that rapidly grow II ing community J John T. Been, chief engineer fer tn,