Bisbee daily review., 1907-10-11
ASKING TOD MUCH
 HURTS MINE SALES
(Tucson Star.1

A gentleman who knows ATiZona very well, and Arizona mine and pros pect holders particularly well, but who does not care to be quoted, declares that one of the greatest drawbacks to getting eastern capital to moving free ly this way, or any other capital for that matter, is the bad habit of own CTS of possible mining properties of holding their claims at prices that practically bar investors. They are too prone to think, according to his opinion, that good looking prospect is a proven mine, whereas it is but a prospect which will cost many thou sands of dollars to prove out, and the proof of which may be unsatisfactory while the value when proven will not exceed the price asked for it before it becomes a mine.
 The gentleman in question conced- ed the property owners right to hold his ground at any price he pleased, but at the same time a policy such as he said was most frequently found in op' eration, he considered unfortunate for the territory and reached into so many lines of business that the whole cOun- try was interested in it.
 He had found this over-rating of mining properties especially prevalent down in the Patagonia and Santa Rita ranges, where he has had much eXper. fence in trying to bring outside capi' tai and mineral prospect owners to- gether. Thcy are too often greedy for early first payments in cash, while the intending purchaser is supposed to be busy spending his money on develop ment He remarked that it was need less to say that there were eXcep- tions to this rule-broad-minded men who were willing to meet any business proposition that arose and settle it fairly. He believed in the mineral wealth stored in the two ranges men, toned, but declared the lack of solid development there was almost solely the fault of the claim owners them selves, and that there would never be proper exploitation of that country until there was a brCader spirit shown by the locators of its mineral wealth.
 He called attention to what capital could do in a short time by pointing to the Mansfield group, but eight miles northeasterly from Patagonia. No where on the eastern slope of the San. ta Ritas was there for many years T mine, nor any serious attempt to make one, despite the fact that for several decades holes of various sizes and shapes have been sunk and driven in. to the inoffending hills. The aggre, gate of all the money thus spent would split up into several comfortable for. | tunes. Still the net result was rath, CT black eye for section containing about 150 square miles.
 The Mansfield people located their own claims, in a section full of min. eralized veins and mining failures, and started to work. It is well known that they have several openings that begin | to, look like business, adequate pumps and a compressor plant, and one shaft I Td0TYn 26O feet, with 25O feet of addi iouai depth provided for under con. tract. News comes out from their camp from miners and travellers of rich ore bodies exposed and General Manager Richmond has confirmed ru mors that rich streak of copper car. ries more than S100 in gold per ton While there are small gold values in all the ore in that section, it has never before had chance to be called a gold country.