Bisbee daily review., 1907-08-04
OTHER BIG EXPENSE
Misleading Comparisons Made With Bisbee and Other
 Copper Camps.
IA PROSPECT, THAT'S ALL
Would Take TO Years to Mine the Copper It Tells the
 Public Exists.

Judging from the manner in which those who are promoting the concern have elected to place the matter be- fore the people of the United States, and the various assertions which they have made in literature sent out around the country, it looks very much as if the London-Arizona Cop per Company, owning property at the junction of the Gila and San Pedro rivers in Gila County, has attempted to at least mislead the public in re- gard to the proposition.
 In the first place 1t is stated on re- liable inforAation that the brokers in Los Angeles who are selling the stock of the concern are receiving as their commission 50 per cent of the pro ceeds. Among conservative mining people today such an arrangement as this is looked upon, to say the least, as mis-management, because the peo- pie who are risking money on the only have an opportunity to see one half of their payments used in actual work on the property, while the other half goes into the pocket of the broker who sold them the stock, IAiu AAelo LttfACAI liO IIdAlNC VI 4ldAtNEI-
 Secondly, large advertisements, considerable money, are being run regularly in some of the leading papers of the country. but whether this is paid for out of the treasgIry of the corporatiop or by the broker sell ing the stock is unknown. If it is paid out of the treasury of the cor poration it looks like another instance of mis-management; while if it is paid for by the broker, he surely must be making a considerable profit to be able to pay the enormous advertising ex. pense, whereas the money which he Is making might be used in developing the property.
 The property which the company owns is situated in Gila County, and twenty-five claims now embraced in the holdings were formerly owned by Daniel Carroll, who it is understood,
 Is to receive S100,000 for the claims, 10 per cent of which has been paid. It
 Is also reported that bank in Pres eott, Arizona. advanced the money the first payment was made.
 It is reported on reliable authority that up to the present time systematic development of the property has never been even attempted.
 Now in the various advertisements and other literature whereby this has been placed before the attention of the investing public, it looks very much as if an attempt is being made to argue from a general theory of facts, and by shrewd use of these theories make them look all he more plausible, instead of saying
 n plain language that the property is not yet a developed mine, with an enormous tonnage of ore blocked out but a good prospect.
 h the literature. the Copper Queen mines of Bisbee, the Calumet & Ari- zona, and others are used as compar-
 sons, showing what they have pro luced. Likewise, the United Verde mines at Jerome. and other mines in he territory, as well as in Sonora, are brought into the theory. The sub stance of the theory seems to be that here is a mineral belt which stretches through Arizona, and because enor- nous ore deposis were uncovered at Jerome, Globe, Bisbee, Cananea and NacozaTi which lie in this line for the same reason there must be enormous ore deposits under the ground of the London-Arizona property. which lies m the belt. That such reasoning is lnsafe can be plainly seen because it would indicate that person can go nto any district resembling in geolo- sical formation Bisbee. Globe or Je- ,cme and find ore deposits equal to-
 hose of these districts. This theory It least is a little uncertain.
 However. to people unacquainted with mining districts such c course of might seem plausible and induce them to invest money in the which is always at best a .hance, even as the Copper Queens treat mines were in their infancy. \ mine is never a sure thing.
 In a report submitted by an engi leer to the president of the com ,any, sectional maps of the Bisbee district, and of the Bingham, Utah district, of Utah, are placed side by ide with sectional map or suppos- 'dly one, of the London-Arizona proI .rty.
 The Bisbee and Bingham maps are rom the maps of the United States survey folio, but if one will Iotice closely, the London-Arizona is lot, although a person can easily over ook this fact, as the maps are very imilar On what basis. but his own heory the engineer figured put the ectional map of the London-Arizona