Daily Arizona silver belt., 1907-04-24
FINAL COUNTS
 NEWEST COMPANY
Loudon-Arizona Company to Start Work Immediately in Dripping Springs Dis trict-Plan to Erect Shelter with S,000-ton Capacity.


 earnest on the property of the London Arizona Copper company in Pinal coun- ty. Two big tunnels will be opened right into the exposed ore and ashaft will be sunk as rapidly as possible, says the Arizona Gazette.
 The information was given out here today by Mir O. E. Finney, who is the principal promoter of the London Ari- zona company. Mir. Finney has been in the mining business twenty years and declares that he never saw more wonderful property, or one with greater possibilities than the Dripping Springs mines, as they are called.
 Mir Finney's company was origin ally the-Dripping Springs company and was in the hands of Arizona people. When outside capital was interested the London Arizona company was in lorporated to take over the property.
 The Dripping Springs mines cover 400 acres of ground, three miles north of Burns Station. Burns Station is three miles this side of Winkelman on the Phoenix X Eastern For over three quarters of mile there is an exposed ledge thirty feet in width. It is di' eretly into this ledge that the tunnels spoken of will be driven.
 Mir Finney has been in Los Angeles until recently and is on his way to the mines, in order to be present person. ally to superintend the real beginning of work on the property, He spent this morning in Phoenix. R. D. o. John ,On, manager of the mines, is already or the ground.
 Plans are being laid for the eonstruc ton of smelter with 5000 tons daily capacity. MT. Finney states that it i' his expectation that this smelter will bC complete and ready to be blown il within a year. It will take from foul to six months to get the machinery or the ground.
 This will be the largest shelter ir Arizona, with the exception of the Cop Der Queen works. Mir. Finney dses not think his shelter will ever be as big ai that at Bisbee, though it will ultimately be increased in size and efficiency uhti 1t has capacity of 5000 tons daily New furnaces are being put. in place now at Bisbee, and they will be smelt ing 5000 tons each day before the enJ If another year. It will be severa years before there will be a plant of that capacity on the Dripping Spring' property.
 'The recent transfer of the Phoenio < Eastern to the Southern Pacific peo pie is very important to us and that section as whole" said Mir. Fnney It will give us an outlet to the mar kets of the world by water routes, a' we can ship our products direct to tht gulf <"
 MT. Finney is firmly of the opinior that Arizona is destined to become tn, greatest copper state in the union anC is surprised that the coast people dc not know more about this territory thar they do. He stated that over in To, Angeles, where he has been recently the people with money to invest hardly know where Arizona is, much less know that it ranks next to Montana in tn, amount of copper produced. He does not believe that Arizona is properly ad vertised, and planes the newspapers 1T large measure for that fact
 He took Colorado as an example. h 1886 the agricultural interests of tha, state were practically nothing. They had no tone quarter of the value of tho mining interests. The reason for tbi; was that the people had no market. Or every side there was either no popula ton to speak of or there was surplu, of agricultural products. The pioneers began to look about for something they could find q market for, and began tC develop their mines. This brought pe0 pie into the state, and when there wer, people there, agricultural interests be gan to look up. The farmers could fnC market for their products right al home. Now Colorado's agriculture products are worth four times the min erals she mines.
 Mir. Finney says he knows that wC have great agricultural state here and does not wish to discourage its development along those lines, but h, is of the opinion that first we should pay more attention to our mineral re sources.
 Let the country know you have mines, he said, "and get the people here. Then, when you have someone tc buy them, begin to raise agricultural products. The way to become rich is not to produce lot of stuff you cannot consume, and ship if away, but develop your mines, and bring the population here that will consume it.