The copper era., 1907-01-31
NEWS OF THE TERRITORY.

section, to eastern people. 1t is con-
templated to expeud S35O,OOO on the
mines, besides the purchase price.
Work is to be begun about the first
OF April. The people taking up the
option are said to be among the
wealthies syndicates of the east and
capable of working the properties on
i d large scale. Mr.. Meals has done
considerable work on the mines
the past two years and has
opened up big ore bodies. The ore
runs high in gold.-Kingman Miner.
The Santa Fe railroad company is
working 135 Japanese surfacfng the
tracks south of Kingmaa. This force
is soon to be argumented by the ad-
dition of one hundred Utes from the
reservation in western Colorado. The
railroad company is hard run for
track labor and is trying experiments
in an endeavor to get the best service
possible. The tracks are to be sur
faced and ballasted for fifty miles on
each side of Kingman. This work is
to put the roadbed in better shape
for a faster schedule, which is said
will be inaugurated for the flyer
Kingman Miner.
1t is rumored that all locomotives
now running between Winslow and
Seligman are to be converted into
coal burners. The railroad company
claims that although oil is the cheap
er fuel it is so hard on the boilers that
the experiment of oil burning in this
regard is failure. On this division
the same complaint is made against
oil burning locomotives. Since the
use of oil became general on the
road more engines die between
stations than ever before in the his
tory of the road. The heat gener-
ated by oil is so intense that it crys-
talizes the iron making it so brittle
that it is almost impossible to hold
the crown sheet together.-Kingman
Miner.
Fifteen men have been at work on
L L
cho Basin Gold Mines company, lo2g
enough to clear out the old shaft,
formerly developed by the California
King Gold Mines company, to a depth
of 2l0 feet. Next week work will be-
gin deepening the shaft and cutting
drifts on the 2O0-foot leyel. All of
the drifts as far as the present level
have been cleared, and most of them
retimbered.-Sun
A sensation was created in mining
circles when it became known that
Thomas H. Collins and Capt. James
Hoatsou had made the first payment
of $780, 900 on the Santa Rosa mine,
the deal having been considered a
lost hope for several weeks. The
second payment will be $4,000 also.
Nothing better for this city's future
could have happened in a mining way
than that the Calumet & Arizona
people should take over this big prop
erty. 1t will cost fortune to develop
it.-American.
There was considerable surprise
manifested in the business section
when it became known that Max
Lantin's store had been closed and
that it was in the hands of receiver.
No details were available, as Mr..
ILantin is at present in Kansas City,
where it is understood he went tossee
his heaviest creditors. A sign on the
door stating that the store is in the
hands of receiver indicates that
Nr. Lantin's creditors forced him to
make a voluntary assignment for
their benefit-Belt.
Bank reports show d total deposit
in the banks of Arizona of more
than 1000, 900. Private money
lenders have more than half this
amount out at interest, and yet not
one cent of it is taxed. An effort
was made in Graham county to reach
this class OF wealth, which should
bear its proportion of the burden of
government, but was headed off by a
court decision. The attention of the
law making body now in session at
Phoenix is directed to this matter.
Something should be done to make
this wealth assessable property
Guardian.