Arizona republican., 1907-11-27

To to the Stockholders of the Central
 Mining & Development Company:
 It is q matter of the very deepest regret tu me to have to inform the stockholders of the Central Mining X Development company of the failure of the Bankers Trust company. which occurred on October 2stn. My regret is doubly keen owing to the fact that | hold the position of treasurer in both companies. and that considerable portion of the Central Mining & De- velopment company's money is tempo rarily involved in this failure.
 believe that l am in a position to state. however. that the Trust com pany will make good to its depositors In fact. there is no question in my mind. but that depositors will receive dollar for dollar on their deposits Mir Marks, the receiver, is now in full charge of the assets of the failed company. and with my assistance is energetically pushing the work of clearing up the whole matter. He confidently expects that the first div idend will be paid to depositors with in short time.
 I have cherished a warm interest in the Central Mining & Development company from the outset. and take this my sincerest and most earnest efforts for the protection of their interests.
 Very respectfully.
 M. H. WOODS.
 The above letter from Treasurer Woods will give the stockholders all necessary information regarding the present temporary embarrassment of the Bankers Trust company of this city. together with the relations of the Central Mining & Development com pany thereto. l would also invite special attention to the accompanying newspaper interviews with the Mis- souri secretary of state and Mir. Batch elor. president of the Bankers Trust company, in which they state that they confidently expect the Bankers Trust company to be able eventually to pay its depositors dollar for dollar on their deposits. Read the financial statement of Treasurer Woods very carefully. From my own inquiries and from all the information I have been
  uuainted with the affairs of the Bank CTS Trust company I have the fullest confidence in their being able to make full settlement at no distant date. FRANK H. HORN. Kansas City, Mo. Nov. 8, 1907. Report to Stockholders of the Central Mining & Development Company: It is with deepest regret that l am compelled to announce at this time. on account of the recent financial depres- sion. the suspension of the Bankers Trust company of this city. IL is with untold pleasure-in face of the bank suspcnsion-that am able at this time to say to you that the recent re- ports. which l have received from President Snider as to the rapid de- lvelopment of the Two Queens. are the most encouraging that l have yet re- ceived from Winkelman. These re- ports show that the Two Queens is m longer a prospect. but a producing. shipping mine.
 have before me the shelter returns on our first shipment of ore to the El Paso shelter The shelter paid Is s3276 for gold and s3.77 for silver a total valuation of $3653 per ton. The ore from which this shipment was made was taken from shaft No. l and from the vein which showed a sur face outcrop of four feet and at q depth of -aJ feet had wideued tO twelve feet This vein is now showing rich sulphides and has caused a num- Der of engineers to predict the encoun- tering of high grade copper at depth. Stop and consider for moment what this means to our stockholders-$36 $36.53 per ton for ore taken from a vein which is twelve feet wide. Don't you wonderful property. to say nothing of the other four veins?
 Under recent date. President Snider writes as follows: "I have today again measured the cross-cut of shaft No. 4. that is, the mineral zone, and find it to be about fourteen feet. four feet of which seems to be very good. have sent samples to Douglas to be assayed.'
 In letter dated Oct. 24. President Snider says: Am today billing out twenty sacks of ore from shaft No. i. This shipment is taken from the dump. being our third shipment. I will make another shipment soon. Monday. the 21st, the tunnel was in, according to measurement. AZ feet" Again Oct. 29, he writes: Made a gain in the tunnel last week of 6i2 feet. Shaft No. 4. 7ls feet. making it's total depth IFS feet 6 inches. I feel convinced that when we get down another hundred feet we will have some good ore in shaft No. f."
 Now. in regard to the Bankers Trust company: l believe from what I have been able tO learn. that We will even