Daily Arizona silver belt., 1907-04-03
GREENE REDEEMS
 ALLOTTED STOCK
Pays Ten Dollars Per Share for Greene Gold-Silver Stock Allotted to Cananea Miners Last Year-Unique Record Is Made by Copper King

At Cananea Thursday Colonel w. C. Greene made what is probably new record in mining stock history when he handed to subscribers to 5,l00 shares of Greene Gold-Silver stock s5l 900 in re- demption of pledge made them year ago. Every cent of the money goes to Cananea people. 1t came from Mir Greene without solicitation, solely in making good his promise, and certainly adds to the many strong reasons Can ar q" people have for believing firmly in it's builder at all times and in all ways, for he has never failed to make good the word given or the statement made. Entirely outside of the fact of his payment of Sl0 per share, because of his promise, for the stock is now quoted at about $l.75, Grerene Gold Silver must look better to holders through this display of confidence on the part of Colonel Greene--a display backed by the most substantial of ar guments, hard coin of the realm.
 In March of last year, Mr. Grerene announced to the employees of the Greene Consolidated in Cananea that he had a good thing for them in Greene GoldSilver and that he wished them to have an opportunity to make profitable investment in the stock, which he made available for their subscription at $7.50 per share. This stock (common) was at the time selling in the open market at between $8 and $9 per share. The Can anea subscribers were, therefore, being let in at about a dollar under the mar ket. In all 5,l00 shares were subscribed for at under the market price within the time limit allowed Shortly after this Greene Gold Silver commenced q decline which carried it below $2.
 When the decline commenced Mr Greene advised the Cananea investors not to throw their stock on the mar. ket, but to hold it. He again expressed his full and complete belief in the great value of the Greene Gold-Silver prop erty, with which many of the investors were conversant through personal knowledge of the ground, and his con fidence that the absolute merit of the ore resources of the enterprise would sooner or later compel an advance of the market value of the stock to high figure. In conclusion he advised that a year from the date of the purchase he would take up the stock at $l0 per share from all who desired to sell at that price, he holding the opinion that it would command that much or more in that time in the open market.
 The year ended about the middle of this month with the stock quoted in the open market at around $1.75. a fact attributable, in large part at least, it may be fairly said, to delays brought about in railroad construction and de- velopment through unprecedented rains in the Sierra Madres, and because of other circumstances beyond human con trol. At the time of the expiration of the year Mr. Greene was in Los An geles. Word came from him that he had not forgotten the matter, but that he was advised that there had been some confusion of the stock certificates and that he would have to look them over before proceeding further, which he would do on arriving at Cananea. I'm mediately on arrival on Tuesday of this week he took the mater up and on Thursday morning authorized the Bank of Cananea to redeem all of the certifi. eates presented at $lo per share. Such certificates as have since been presented for redemption have been promptly ta-