davidaulloa/AmericanStories huggingface dataset:
Bisbee daily review., 1907-04-07

government mineral lands. While a few Of the claims have been deeded 10 the company the majority are held under option for purchase from the owners. which options provide for their conveyance to this company when the payments stipulated in said options shall have been made. Prior to Jannasy 1st. 1907. $152.675.01 was paid on account of the purchase price of said mining claims, and all but S31.- S75.90 of the balance of the purchase price natures in 1907 and 1908.
 Gem Shaft.
 On September 9th, 1906. the compa- ny commenced sinking the Gem Shaft. which is located on the Gem Mining Claim, and since this time has contin- aously pushed the york with three eigtt-holi.- shifts of men. The depth of the Gem shaft on January lst. 1907. is ;45 fssst This shaft is a three compartment shaft; the two hossting compartments being 5xs feet each tn- side measurement. and the pumping compartment 5X1 feet The entire coSi oi slnkin2 the Gem shaft from Ithe surface to the depth attained Jan nary lst. 1907. aside from the cost oS machinery and operating equipment is sS9.93 per loot The company has also installed efficient ,aa chinery and equipment for conducting development work from the Gem Shaft and for min ing ore. Y Is the intention to sink the Gem Shaft to depth of 1000 to l10O feet, st which levels ycs.r direc- tors believe profitable ore will be found in the veins winch are known so exist in proximity 10 the shaft. BOSTON SHAFT.
 Another principal point of develop ment is the Boston Shaft, located on the [. K L. Mining Claim. Work was started al this shaft in November. 1906: and the considerable expense usually incident to the inauguration of mining operations in old workings was iaearred. such as: UnWatering shaft: re-opening and re-timbering old workings, etc. as well as the installa- ton of boiler plant, and the repairing of buildings. The Boston Shaft is 452 feet deep January lst, 1907, with { several cross-cuts on the 452-foot lev eI; two Of these cross-cuts have been extended and have encountered a vein of low grade sulphide ore about 1 feet wide. The development work now in progress on this level indicates I that greater depth is needed, and with this end in view preparations are un- der way to sink the shalt to some low CT depth. probably 10 the SO0-fOot level
 Patent Work and Explorations on Va
 rious Claims.
 ] Careful attention has been given to the matter of securing patents on the
Bisbee daily review., 1907-04-07
WALKERS WEEKLY
 COPPER LETTER

veIopment during the past 10 years will be eclipsed by the advancement of the coming decade. No one can es- innate with any approach to accuracy how great the demand for copper will be, but it is certain that production will not increase on the average more than 56 annually for several years to come. The consumptive demand has grown much more rapidly than this in the past, and has carried the price of copper from g cents to 26 cents per pound. We must judge the future by the past, and We therefore cannot feel other than bullish on the metal situation It is not impossible that approximately the present level of prices will be maintained for many months, and perhaps for years.
 The decline in market prices was astonishingly rapid, and the best of the coppers suffered quite as much proportionately as those representing no demonstrated value. A great many over-extended speculative ac- counts were liquidated. The extreme strength of the money market caused a number Of railroad corporations to discontinue all betterments and ex- tensions. Market interests realized when this announcement was made that the result would be greatly re duced demand for iron and steel and decreased employment of, labor. The reason for the heavy selling of the market, especially of the steel stocks is trsceabIe 10 this. The astonishing y. low prices touched by some of the best stocks was the result of Iae forced sale of margined accounts. It is difficult for one who realizes the strong industrial and financial posi- ton of the country to believe that the stocks of the best railroad, industrial and mining companies are not worth a great deal more than their recent selling prices.
 The best of the coppers have de- clined lower than they should on l5 cent copper market A very great deal of the coming business depres- sion, if not all of it, or more than all, has been discounted already While it is quite certain that copper stocks in general will not advance on declining metal prices. it would seem certain that the best stocks have al ready had their full decline. There is a good prospect that existing metal prices will be maintained for two or three months. During this time a great deal of feeling of hopeful or bullish nature is likely to develop, and the chances are more than even that we shall witness a very substantial recovery in number of the best cop
 Continued on Page Twelve.)
Bisbee daily review., 1907-04-07

works this afternoon by D. Willis James and son, the former being the senior member of the firm of Phelps, Dodge and company. Master Mechan- ic Adamson had stopped work on the excavations for engine foundations in the new addition to the powerhouse so that he might spare that force to do some cleaning up around the works and around the offices in expectation of the visit of MT. James. As one of the men encountered put it they were polishing the handle of the big front door,"
 The foundation for the fifty-foot ex- tension on the west end of the Copper Queen powerhouse has been put in to the level of the surface and now the excavations are being made for the cement foundations for the heavy en- zines and blowers which will be placed i'll the addition.
 During last month considerable ore was taken from the reserve piles, indi- eating that the ore production had been reduced in the mines at Bisbee because of the necessity to close the Spray shaft for need repairs.
Bisbee daily review., 1907-04-07

Copper continues quiet and prices are unchanged. Producers are ask ing all the way from p IT to 26 cents per pound for lake and electro lytic. and notwithstanding the recent severe shock to confidence some bus mess is being done. There are quite a number of inquiries for small lots of cash copper, and the prices men toned are being paid. The decline of e7 per ton iif the London specula- tive grade has disorganized the mar ket, however. and it will continue in waiting position for some time to come.
 The rctrenchment now under way in the business world and the prospec- tive increase in production between now and the end of the year will probably result in a decline in the price of copper. The market is too high at pfesent to withstand adverse factors of any momeAt. The metal situation is in a most satisfactory position to meet falling off in de mand There are no surplus supplies at home or abroad. All the substi- tutes for copper which can be used ar ebeinS used The increase in pro duction will come slowly. AS the price of the metal declines one after another of the substitutes, like lead, zinc, galvanized iron. etc. will be re- placed by copper. The latter will quickly enter more largely into roof ing. plumbing and other similar lines from which it has been largely dis placed. Lower priced copper will give electrical work an impetus. and the cheaper money which will surely come with decreasing industrial cA pansion, will help to make possible more rapid extension of the tele- phone and also the introduction of electricity for power purposes.
 1 expect that there will be very large demand' for copper around 20 cents per pound IL is my estimate that the market will not decline be- low 20 cents this year
 A good deal of talk is being made .ust now about the fact that a vesse; arrived in this port the other day from Shanghai with 125 tons of cop per aboard. This is one of the small. lots o. copper which were left oser aiteI lne great cOIndSe craze III Nhihd terminated last year. It is believed to be the last of several small lots which have been reshipped from Chi ma and sold in this country and Europe.
 It is we'll to remember that the country and the world also are very much larger lndnstrially and very much more progressive than ever be- fore. We are living in an electrical age. The progress of electrical de
Bisbee daily review., 1907-04-07
eolp SAMPLES IN CLIFTON.

Many extraordinary rich samples of gold rock have recently been exhibit ed on the streets of Clifton, which came from the mines in the vicinity of Morenci. and from claims being worked by the Gold Belt DeveloDment and Reduction company and the New York-Arizona Gold and Copper com pany. That district is being watched by many eagle eyes and many are of the opinion that the good rock will dis appear, but values seem to increase all the time. There is no question about 1t. the rock speaks for itself
Bisbee daily review., 1907-04-07
THE GLOBE CONSOLIDATED
 DIRECTORS MAKE REPORT

The annual meeting of the Globe Consolidated Copper Company will be held at the offices of the company, 40s Londsdale building. Duluth. Minn.. on "Wednesday. April 10. at 3 D. m.. for the election of a Board ol Directors for the ensuing year.
 Under date of March 2 the board of directors issHed a report to tue stock holders of the company. signed by H. B. HoTisnd. president. giving plain resume ol the operations of the com pany since its entry into the rich Globe mineral field.
 Directors Report.
 Globe Consolidated Copper Company was organized under the .aws Of the Territory ot Arizona in July. 1906, with q capitalization of S1 800 ,000, di- yided insu 10000 shares of par value of ten collars each: 100 900 shares we-e issued in July. 1906. upon the pa-nent of the first call of five dol lars per share. and five hundred thou sand aoll..Is was paid into the tseasu- " os the eompanY. 10000 shares are antss4Bsd. On December 2oth, lSv6. notice was maJed of second cali of fire dollars per share payable on or befogs Jannssry 2sth is6s.' on the l0o,- ose shares of outstanding stock Up to &sAaraEy Is; lse7, s2.5e5.0o has seen Dasd in On the second call.
 Location of Property.
 The Company's mining property Is located ta the Eiia Mining District, Gua County, Territory of Arizona, and consists of sixteen patented and sixty six unpstentea Dlinins claims. com x,risiag ir all about f075 acres Of land The location Is considered particularly favorable on account of it's proximity fo the smeIter and concentrator plants of the Old Dominion Copper Mining x SmeltinE Company, which have been, and are doing commercial smeitng and concenfrafine of copper ores. The Arizona Commercial Company's stand ard guage railroad, now under con- sfr,iction, follows Copper Guieh and passes tue Gem shaft within distance of 140O feet. This railroad will af- ford the best of facilities for trans porting our ore 10 the Oli Dominion Shelter. and for carrying supplies needed by the Globe Consolidated Copper Company 4 map is herein presented showing the position Of the mining property of Globe Consciidat- ed Copper Company with reference to the adjoining properties of other com pauies-
 Cost of Property.
 The purchase price of the property held under option. and by direct pur' chase is SPA, ,450.00. and fin addition to this our Company has come into possession Of some fractional mining claims by filing on unappropriated
Bisbee daily review., 1907-04-07

ment work for the year of 1906. and most of the patent surveys and patent work have been completed on the un- patented claims during the past few months, with the object of having them patented at an early date. The entire cost of this work. which in cludes miners labor, superintendence, supplies. government fees for office work and stationery, and patent sur veys, and miscellaneous expense in cured for conducting said work up to January 1st, 1907, is s2o,692.4s. The estimated additional cost is s10 ,000.00
 The following Is a statement of the assets and liabilities Of the Company at the close of business. December 3ls@. 1906:
Bisbee daily review., 1907-04-07
COPPER QUEEN.

The work of aligning the Spray shaft of the Copper Queen which has been in progress for the past ninety days is completed. All that remains before hosting at this shaft is resumed is the liIAbering of the engines which are iE place on foundation beds and have been renovated and altered to suit the needs of the plant. The old cylinders were taken to the machine shops of the Douglas smelters and re- bored. making them practically new. Hoisting in a light way was resumed yesterday and thus one of the busiest arteries of the Copper queen com pany is again in commission. The output should be materially increas- ed now that this shaft is again work ing.
 The Spray. one of the older shaft Of this company. became decidedly out of plumb and was considered un
 (Continued on Page Eleven.l
Bisbee daily review., 1907-04-07
cocSiSE.

Work 1t the Coehise which was stopped recently for the purpose of repairing shaft and machinery, Is being gradually resumed. The drift on the lower level is being driven again, but reports from the prop erty give no further strikes of ore. The management of the Cochise is particularly Teticent of late. and it would not be surprising if news of an important nature were sprung by
 them in the near future
Bisbee daily review., 1907-04-07
WARREN.

Water. lack of which has been the main drawback at Warren. Is now being furnished and the installation of a hoisting plant is being got under way. Work on the big shaft of the company is going forward with alac- rity and it Is understood that the dia- mond drill operations or the ground of the company have shown the exist ence of ore. Good formations have been encountered in the shaft and the management is encouraged.
Bisbee daily review., 1907-04-07
supEeIoe s pITTsslJec

At the many shafts of this company work is progressing in the usual man ner and regular shipments from the producing mines are going forward to the Douglas c. & A. smelters. The magnificent equipment at the differ ent mines of Superior X Pistsburg. all of which are under the able man. agement of Co IL. w. Powell, is making for the development of a vast amount of country.
Bisbee daily review., 1907-04-07
$1.51s.2so.56
Liabilities.
s1 s1S aan5a

9I,0Io, o,zJU.ob December pay rolls and bill, pay able in January.
Bisbee daily review., 1907-04-07

(continued on Page Tweive)
Bisbee daily review., 1907-04-07

The purchase price of the property held under option. and by direct pur- chase is SPA ,450.00, and in addition to this our Company has come into possession Of some fractional mining claims by filing on Unappropriated
The farmer and mechanic., 1907-04-09
WANT NEW TRIAL
Plea of Counsel for Gay
nor and Greene.

GRy the Associated Press }

New Orleans, La, April "a new
trial was asked for Greene and Gay
nor today by T.. w. Meldrim, of Sa-
vannah, who made the closing argu-
ment for the defendants in their APP
peal to the United States Circuit Court
Of Appeals. This was the fifth con-
secutlVe day of argument.
Mr. Meidrim claimed that it was q
violation of the national honor to ex-
tradite prisoners, as he said had been
done in the Greene and Gaynor case
for q On-eXtraditable OffenSe and
then to take advantage of the jury S
decision thus gained to try them on in
dictmentS for different OffenSeS. He
repeated the claim Of the defense that
eXtraditiOn had been for participation
in fraud by an agent or trustee, while
one Of the indictments was for con-
spiracy. which was not an extradict-
able OffenSe AS for the two other
indictments, he declared, the prison.
ers could not be tried for any offense
except that for which they had extra
dited. Answering tho government s
claim that as fugitives from justice,
Greene and Gaynor could not benefit
by the statute of limitations in two
CT their indictments Mr.. Meldrim as
serted that it was legally impossible
for the defendants to be fugitives from
justice of the Federal court in Georgia
when they were at the same time ap-
pealing to the Justice of the Federal
court of their own homes in New
York. which had jurisdiction To try
them.
Answering the charges Of fraud in
securing contracts for Savannah har-
Dor work. counsel denied that the time
of advertising for bids had been un-
usually short saying that 21 days, the
time allowed, was longer than that
practiced in some other places had
been, giving as examples, Charleston
and Galveston. Captain Carter's al
legged fraudulent specifications. Mr..
Meldrim said. were precisely the same
as those of his predecessor, except the
provision for an eight-hOur day.
American labor, and that good order
be preserved in the work. He cited
the opinions of six army officers. four
engineers from private life and three
contractors to show that the mating,
claimed to be inferior by government
attorneys was in inccOrdancc with
specifications. Both the advertisements
and specifications, he added. were cor
rected and revised by the War Depart
ment.
Mr.. Meldrim said that while large
Profits were made, great risks had
ben run and a large and expensive
plant and skilled labor were necessary.
The farmer and mechanic., 1907-04-09
OFFICERS ELECTED
For North Carolina Sun
day School Association.
.tddrcSs by Governor Glenn Last Night
"A Cir at Crowd in Attendance :
Marion LaWrancc Speal<s-Mu-
sic by Tuliar & Meredith.

Reidsville, y. c., April AT this
mornings session of the North Caro-
lima Sunday school Convention the
following were elected officers to serve
for the next year: DR.. c. NJ. Poole,
salisbury, president; Rev. r. H. Flem-
ing, Burlington, Rev. T.. B. Hall and
Rev. L. w. Clark, Spray vice-pres
dents; Rev. j. w. Long, Concord. gem
cal secretary; II. w. Jackson. Raleigh,
treasurer; Miss Maude Reid, Raleigh,
recording secretary.
Governor Glenn delivered an ad-
dress tonight, his subject being North
Carolina'S Need Of Christian Young
nj en-" The final session is being held.
The first session Of the tWenty-fourth
annual convention of the North Caro-
lima Sunday School Association open
ed on Tuesday evening, at 7:30
O'Clock, and the Methodist church,
where the sessions are held, was pack
ed at the opening hour Delegates
had been arriving on every train all
day. Rev Grant {. Tuliar and Mr..
|. NJ. Meredith. Gf New York City. of
the Tullar-M M"redith Publishing Co,
have the music in charge. The sing
ing is most inspiring the convention
all taking part in this part of the ser
vice. If it is possible to get people
% sing Mr.. Tullar can do that thing,
and Mr. Meredith is unequalled as
solo singer of Gospel music.
The address Of welcome was made
by Prof II. A. Hayes, of Reidsville,
and responded to by Rev G. Brown
Cox, of Burlington. In the absence
Of the President, Mr.. T. S. Franklin,
of Charlotte. Prof. j NJ. Way, of Ashe-
bOrO, presided as one of the vice
Presidents.
The speaker of the evening was Mr..
Marion i4aWrancc, the General Secre-
tary of the international Association,
who was introduced by Mr.. \. =.
I3"oughton, Chairman Of the State
Executive Committee, as the greatest
sunday school man on THE World
Wide sunday School Work
At the Wednesday morning session
reports were heard from the officers
Of the association: Chairman of the
Executive Committee, n. Il. Trough
ton; the Treasurer. M1. Geo. Allen.
Office Secretary, Miss Maud Reid;
Home Department Secretary, Mrs
Frances II. Hubbard. Then came 4
roll call of the organized counties
in the state, which was responded to
by tWo-minute talks from the dele
gates.
Mr.. LaWrance then spoke to The Con
Nention on Some Features in Il Good
County Organization
The farmer and mechanic., 1907-04-09
MYSTICAL SILENCE
Loeb is Saying Nothing
at Present.


Washington, -. O. April g. Presi-
dent Roosevelt is receiving great
many letters from different sections
of The country regarding the COM
bine which ii is asserted has been
formed to defeat. IT the coming elcc-
tion, the policies of Mr.. Roosevelt. IN
formation as to the Identity Of the
writer's ana the precise nature Of
their communications is withheld but
those who are close To the President
say tho disclosures have stirred up
considerable feeling.
The location and date of the dinner
and the personnel of the party at
tending ii at the project was said to
have been clabOratcly discussed still
remain secret SO far as any informa-
ton al the White House is vouchsafcd.
You gentlemen are all wrong as
TO the details Of the dinner" is all that
Loeb would tell the newspaper men to-
day except to Indicate that the affair
was an informal character and that
the disclosures came out in an III
formal manner. Senator Bourne of
oregon, il has been commonly report
cd, was the host at the dinner. while
the guests included among others Sen
atOr HanSbrough Of North Dakota
and delegate Andrews of New Mexico
Comment was made upon the fact that
all three of these gentlemen were at
the White House today and talked
with the President. None Of the call
erS would make any statement on the
subject nor would any of them admit
that his call at the White House had
any connection with the matter.
Secretary Loeb said Senator Bourne
had called on the President to dis
cuSs some land office appointments
which had been hanging fire for a
long time
Senator PenrOse. Of PENNSYLVANIA
whose name has been freely used in
connection with the disclosures of the
alleged plot has not communicated
with the White House since the storr
became pubic, according to Secretary
Loeb, who stated today that the only
inf foffnatlon received there about him
came from the newspapers When Il
report that senator PcurOSe was going
TO the White House to talk about the
matter with the President was called
y secretary I-pcb'S attention the lat
Ter said
nave made no statement about
ann. ana the senator has nothing =,
deny to mo"
The farmer and mechanic., 1907-04-09

ker stands first When Mr Roosevelt
y aa a candldat. for fhe prs@3ds 4eS T."
sa4d this about n saarg" IHhje ~
Judge Parker - f44e fleet thar ft3s
campaign was 5eleg nnanced hS titr
Prcat corporations This Wa@ ar
t.t5.sss-NeIt = s1nsEsr-
Certain sIauderoUs accusations "a
10 Mr. tarteIyou and fay~'H isaks-
been repeated time and again bs
Judge Parker. candidate Of hls parry
fof the offic.- al President Ar PAR
hsr's charges are in effect iti&t iht
President Of the United states ssnd
MIR coTtelyou hav. been In "A consptE
acy 10 blackms.ii corporations. MF.
Cortelyou using his know ledge. gained
while he was secretary OF Commerce
and Labor. 10 extort money from IN"
corporations, and /. the Presiden
having appointed him fur ihiS "spteIti
purpose Mr Parkers accusations
against Mr Corteivou and me are
monstrous The statements made y
Mr. Parker are unquaiifediy ana
atroclOuSly false
WiIcn Mr. Roosevelt >as> tilat state
HcutS made affecting him are unpuiit-
iiicdly and atrociou~lS false. hc tiiiiih-
that all the world must believe MS
mere denial i,ul il ua- proved III an
I lficiai Investigation conducted bs
man Of his own party. the now GOV
crlof or NrW York. that he tid receive
III least $4,000 from IA gfrIi corp'f
alton for his campaign fund. Mr.. IiaF-
rinian has since asserted tlat ne rai~''
S200,00o not necessarily Ior the cht-
ton OF Roosevelt. but in order 10 itip
the state ticket in New York. hcittch
~ the late Governor Higgins OF whom.
heiig dead. the least said tie bcttef.
Nr. Hartman has at least Shown iiiat
ne was asked 10 do this S'r\tc tiiat
certain promises were made 10 nm ny
the President ana that these promises
were not fulfilled. The answer oil Nr
Roosevelt j. that Of tlic VULGAR boy on
The school play ground, You're Il
liar.
To enumcrate the whole list Of men
iii public life To whom this Roosevelt
i'm argument has been addressed
would take too much time ANA too
II uch space. one or two who might
be mentioned are: senator lfenJamin
Tillman. former Senator William T..
Chandler. Honorable Henry NJ. Whit
noN, Herbert y. Bowen, John r. Wal
lace, q. @. Shields. president IF the
League of American SpOrtsmcn. lei
lamy Storer. and. of course, Harrl-
man and Judge Parker. Is all truth
monopolized by our present Presi-
dent?