Bisbee daily review., 1907-07-02
SCOTGHhEh TOO
 SLOW FOR MINING
lcontlnued from Page 7.l

tContinued from Page - again icreases to 1.60e .0O0shares in preferred ad common stock, ad the par value reduced to five shilligs each
 This capital still remains, and the cosnpay has paid divideds of $1.25 per share or $2,00O,0OO per annum for some time, and it is expected that this year it may distribute s3,0o0,000 to its tckholder
 sshare5 ectufi hhrtjeidaBip eN etao
 The above 5000 sharesof the G4 stock are now S0.000 shares. They cost an average of 2 cents each and HOW have a market value of S1 ,500, 900 and nnnnnshss sss ssssss ssss etc and are receiving annual dividends of s100,o0e
 The Arizona Copper Co, however, notwithstanding this record, is gener- ally considered one of the most poor ly managed properties in Arizona. This is said to be largely because of the foreign management, which is not progressive and is too far away from the scene of operations to keep in touch with the property end.
 The company is now o-:tputting
 
 mum which is about the limit of the present plant The smelter is de- ascribed by an eminent engineer who recently visited it, as .tan animated scrap-heap." This smelter has been added to from time to time. whereas 5t should have been replaced long ago with an entirely new plant
 Arizona Copper Co is concentrated,
 k H,,4rf fsn of 4k.sr of | "a and is treated in four different mills, located at Clifton, Longfellow. Met calf and Morenci
 The recovery is from 5S to 40 pounds of copper per ton of ore, and copper costs fast year were frac- tion under II cents per pound, laid down iu New York
 An American company would have had new smelter Of much larger capacity long before this, and one large mill instead of four, situated so as to avoid duplication Of power costs.
 Eminent mining engineers have es- timated that the production of the Arizona Copper Co. could be in. creased 50 per cent, and copper costs reduced ? cents per pound
 A visitor to the property Is i'm. pressed by tn cal faockigzrno pressed by the lack of organization and the Init or miss methods which prevail in all departments.
 This is not the fault of the pres ent manager, John Carmichael. as the local management is restricted and everything has to be referred to ths home offices fin Edinburg. Scotland James Calhoun, who np to within 2 few months has been in charge 0l the Clifton operations, is now abroad and is not likely to resume the man agement as he is persona non grats te the Clifton people, the manage menl and the employees. He. how ever. Is large stockholder in thu company. If Is only within shor time that the company has empoyes a chemist and he is a boy. They dS not weigh or sample the ore. the. URIy kuow the blister copper produc ton. The management endea4oreC recently to find out the fIue dust loss es and gave it gp after three month of endearor
 The mi1es of Arizona Copper Co are of remarkable extent.-tae bes mines in the Clifton and Mrenci dis srict with estimated reserves of ove 10.fans6 tons, but of low grade.
 The ore was all cut off at a depfl cf 709 feet in the granite that all tn copper deposits ahcye the granite came. The known ore deposits O the Clifton camp are all of the lens Formation. No attempt has yet beel srade to follow this vein through tn granite at depth. and there is consid erabie criticism that such ar import ant development has not been fol lowed The management. however says that 1t has more ore above th 5O0-foot level than is can take out fo many years, and there is no need O rushing developments This is char scferistic of the Scotch management
 The Arizona Copper Co. owns th