The copper era., 1907-09-12
NEWS OF THE TERRITORY.

county supervisors is busy tOtaling
the tax rolls according to changes
made by the board of equaliza tion
He thinks they will show an increase
over the assessors original returns
making the total assessed valua tions
of Gila county close to S5,000,O00.
The report will be sent to the terri
torial auditor.-Belt.
n. H. Emmons, formerly chief min
ing engineer of the Old Dominion at
Globe, has accented the Office of as
sistant general manager of the Ten
nessee Copper company. The news
came in Mr.. Emmon's letter of resig-
nation to Superintendent Hegardt, cf
the Old Dominion. Mr.. Emmons left
here several weeks ago for the east.
He will be located at Copper Hill,
Tenn, which is headquarters for the
company. He has resided in Globe
for several years, during which time
he made a host of friends. II. L.
Norton, who has been acting as chief
engineer, will probably be retained in
that position.--Beit.
A miner named Pete letter, in the
employ of the Copper Queen company
fell to his death last week while at
work in the Spray mine. The accident
was due to the giving way of plat
form on which heswas standing.
letter went on shift and was working
on stope No. 81 on the 500-foot level
of the mine, where he was engaged
mining in a raise. He had to stand
on d timber platform while at work,
and it is thought that the constant
jarring of the timbers when he was
striking the steel threw some of
them out of place, and precipitated
him TO the bottom of the raise.
There were other miners in the i'm
mediate vicinity and they rushed to
the assistance of the injured man,
finding him badly cut up and uncon-
scious. They took him to the surface
and from there to the company's
hospital, where he died within a
short time in spite of the efforts of
the surgeons. Coroner Hogan was
notified, and empaneling jury pre-
ceded to the hospital, where the body
was viewed. .-Reyiew.
Last week two furnaces were shut
down at the Copper Queen smelter
for the purpose of overhauling and
repair work. There has never been
more than nine furnaces going regu
larly at the Queen plant. One OF
the cranes in the smelter builing is
also out of commission for repairs,
having been going constantly since
the plant was erected. 1t was learn
ed that during the season of repair
only six or seven furnaces would be
kept going. The closing of two or
three furnaces and the stopping of
one crane will necessarily reduce the
working force and it is understood to
be the policy of the company to re-
tain the men with families as far as
possible American.
Caught and hard hit by the recent
slump in copper stock, Duey & Over
lock, who operate brokerage Offices
in Douglas and Bisbee, went into
bankruptcy last week making a volun-
tary assignment for the benefit of
their creditors. Shortly after the
Bisbee and Douglas offices of Duey & |
Overlook failed to open at the regu- |
lar hour, they issued Il notice that
they had made an assignment for the |
benefit of those TO whom they are in
debted. Haray Duey, senior member
of the firm, went from Douglas to |
Tombstone in an automobile to per-
feet the assignment. The financial |
difficulty of his firm was not learned |
until after he had hastily left the
city, and no statement of the firms
assets or libilities could be obtained.
An extensive business has been done
by Duey & Overlook in both Douglas
and Bisbee, their clients numbering
hundreds of miners and business men,
as well as professional stock specula-
tors. How clients of the firm will
fare could not be learned, though it
is thought that all who have money
due them from Duey & Overlook will |
suffer in a greater or less degree.
Duey & Overlook first opened broker
age Offices in Bisbee in a small way
between three and four years ago,
and gradually branched out until they
we're doing the biggest business in
Warren district copper stocks. The
which came unannounced |
Or unexpected, has caused some ex-
citement, and many who take fright
easily are calling on the other brokers
Of the district. 1t is thought that |
none of the others will suffer more
than what would follow temporary |
-ush. The recent slump in the stock |
market has caught many others in
the Warren district, small fortunes
being swept away in several in
stances. The continued decrease in |
prices has caused the majority of the !
,peculators- to throw their holdings |
1n the market which has helped to |
keep prices going down. Duey & |
Overlook will protect their creditors |
Is far as possible.-American