Bisbee daily review., 1906-08-26
GREEN RITES
 0F SIERRA MADRES
President of Greene ConSoIi- dated Tells the Stockholders in Circular of the Big Tim Der Acquisition.
Points Out the Advantages Ac- cruing to His Company by Reason of the Possession of Timber Lands.

Writing to the stockholders of the Greene Consolidated Copper company from the New York office of the com pany, under date of August 16, Col. w. c. Greene, president of the compa, ny, has the following to say anent the Land & Lumber company's stock hell | by the Greene Consolidated:
 During the past few months I have | received a great number of inquiries in relation to the timber lands be-
 Lumber Company, of which the Greene 1 Consolidated Copper company acQuir-
 ed. during the past year 51 per cent of it's s15.O00000 capital stock. As it is impossible owing to oud large number of stockholders, to write a personal letter to each inquirer. will take this means Of giving the in- | formation desired.
 The Sierra Madre Land and Lumber company owns 2,215 900 acres of heavy pine timber, situated in the north western portions of the States of Chihuahua and the northeastern part of the State of Sonora. This land ly- ing at an altitude of about 5000 feet above sea level, is well wat cred by numerous streams; is fertile land; and enjoys one of the best climates in the world. It is cover ed with the best quality of white pine, of varieties known as Oregon yellow p.ne and white pine, together with q small portion of heavy hemlock, oak and cedar. Competent timber experts who have gone over the property thoroughly have placed the acreage stumpage at from 1000 to 5000 feet per acre or an aggregate of from 15,- GOO, ,OoO, 900 (fffteen biilion) to 17,000,- 0Oo0o0 tseventeen billion) feet.
 The land is entirely paid for and titles are perfect. There has been bond issue placed upon the proper ty of s3,000,00G, fifty year, six per cent bonds, of which s2,523, ,000 have been sold, leaving s477, 900 in the treas. ury of the Company still unsold. The
 
 payment of balance of purchase price upon the property and for the install lation of saw mills and development of the property.
 During the past six months a road was surveyed from the present termin- us of the Chiahua and Pacific road 10 the principal mills of the company To- cated at San Pedro springs, a distance of about 40 miles. This road is now nearly completed, grading being near ly done, bridging well under way, the steel rails,ties, etc, being on the ground and track laying under way. which time the mines of the Greene which time the mine sof the Greene Consolidated Copper company for the purpose Of insuring it's timber supply for the future, as, owing to, the increas- ing scarcity of pine through Texas. Michigan. Minnesota and the Puget Sound country, timber is enhancing very rapidly in value, we being coH- uelled to pay at present. for the timber used at Cananea. from sS to s9 more per thousand than what we paid two years since, with every possibility that the price will continue to rise as pine timber becomes scarcer throughout the country. ~
 The mills we are at present inctal- ling will have a capacity for cutting from 500,000 to $50, 900 feet of lumber per 24 hours. A complete manufact- uring plant is also being installed for the manufacture of floring, siding, etc.
 With the completion of the 40 miles of road from Temosachic,, the prestnt terminus of the Chihuahua and Pacific Railrvad, to the mills, we will be in position to ship lumber not only to Cananea and the adjacent mines, but our surplus of manufactured lumber to any portion of the Republic of Mex leo or to the treeless sectios of North ern Texas, Kansas, Oklahoma, Nebras- ka, and other proints in the Mississ- ippi valley-five trunk lines reach Fl Paso, which will be our main distrib- uting point.
 Cutting at the rate of 1000 feet Of lumber per day, our tract would afford sufficient stumpage to keep plant of that capacity continuously in opera tion for more than 100 years.
 I have given these figures that our stockholders may appreciate the enor- nous value of this asset of the Greene Cors. Copper Co.,, the rise in value in the last two pears in the price of lum- plants turning out from 100,OOO.OOO of added value to the stumpage upon the property of the Sierra Madre Land and Lumber company.
 We have recently made arrange ments with MT. Hargrave to take the management of our lumber interests. had charge of very large lumber in