Weekly Arizona journal-miner., 1906-02-07
sT0DDARD CLOSES DEAL FOR
 HIS MINES.
(From Tucsday's Daily.l

A large consignment of machinery of various kinds, consisting of boilers, compressors, and air drills, is now on the way from Denver to the Standard Copper properties. A recent issue of the Binghampton (N.Y.) Evening Herald, describing late visit of Isaac T. Stod. dard, says:
 "Hon. Isaac T. stoddard. of Phoenix. Ariz, formerly of this city, and m. til recently territorial secretary of Ari. sona, arrived in the city yesterday to spend short time with his fatherin. law, cx.Judge Celora F.. Martin. He spent yesterday and today calling on old friends in the city, and receiving | congratulations on the successful closing of one of the largest mining deals which has been recorded in the history of Arizona, for winch purpose he came east las: week.
 "This mining deal, in which ex.sen. stor Reynolds, one of the largest real estate dealers of Brooklyn, is associat. ed with Mir. Stoddard, is principally for the development of the Binghampton and Copper Mountain mines in the cop. per belt of Arizona, which until Monday was the sole property of Mir. Stoddard, and which he has been opening up on a large scale during the past few years, having already expended more than $400,o0 on the development of the pro. perty, which is said to be one of the richest in the west.
 The mines nre located at Stoddard, Arizona, a town which was named for Mr. Stoddard. some distance back from the railroad in the center of the copper belt. The mines are located within n short distance of the mining properties of Senator W. A. Clark. which are claimed 10 be the richest copper mines in the world, now in op. cration, and experts claim that tho holdings of Mir. Stoddard will equal if not surpass these of the copper king senator.
 "For some time past Mir. Stoddard has felt that in order to fully develop the properties to which be holds title he needed the investment of eastern capital, and to the end of securing thi' he has been in communication witf some of the best known capitalists Last week he went to New York ant had several conferences with ex.Senat or Reynolds, the outcome of which wa that a deal was closed whereby MT Reynolds furnishes B. MT, Stoddard witl sufficient financial backing to enabl him to carry out all his ideas in regar' |, to the development of the mines, am becomes an equal partner in the con cern.
 "Mr. Stoddard stated last night tha plans have been made for working th
 properties on \ large scale, and tha
 within n year or two it is expected tha {. the output of the mines will be nearl
 as great as that from any of the mine - in the west. A railroad will be cor " structed from the nearest point on th v main line of the Santa Fe to the tow
 of Stoddard, ore mills and smeltel
 are about ready to receive the outp'
 of the mines, and some ore is alread :. being taken out. Byres II. Gitchel .. secretary of the local chamber of con
 merce, who was with MT. Stoddnrd f' 7. year and a half in Arizona, says th'
 assayers claim that the copper ore fro 'o the Binghampton mine is the richest
 be found anywhere.
 "Mr. Stoddard says; 'None of t'
 stock of these properties will be place c on the market. Mir. Reynolds and m U self will furnish all of the eapit
 necessary to get the mines In full ru
 ming order, and we do not intend
 ask for any outside help. We are fn'
 convinced that we have a good thi'
 and have no desire to let anyone el
 in on the ground floor. We have no mi
 ing schemes to interest the people. v