The copper era., 1907-03-07
BUTTE PEOPLE IN
PIMA COUNTY DISTRICT.
Organize Company to Commence at
Once Development of Keystone
Group in Catalina Mountain.

When the crowd of Butte capital
lists arrived in Tucson last week from
Montana the. statement given out
on their arrival was that they were
here to visit their holdings in the
Huachuachua mountains, but it was
learned that the main object of the
| trip was to attend to the details of
the organization of the Arizona
Apache Copper Mining and Smelling
company, in which all of the gentle
| men are interested.
The Arizona-Apache Copper Mining
| and Smelling company was organized
1t Tucson by a number of the gentle:
men from Butte and the articles of
incorporation have already been filed.
The company is capitalized for 81
100000, divided into 100000 shares at
a par value of s.. Two hundred
thousand shares of the stock will be
placed in the treasury, and small
portion of it will be sold to the pub
lie for the purpose of obtaining
money for development work. The
remaining 100000 shares have been
pooled for two years and includes
the stock which was given in pay
ment for the property, and also the
holdings of the purchasers.
The officers of the company are
w. W. Adams, formerly of Butte,
president; A. P. Pohndorf, Butte,
vice-president: w. J. Guthrie, Butte,
secretary and treasurer.
The company has purchased from
Frank Foran twenty-three claims in
Pima county, and in order to settle
some litigation, purchased six adioin-
ing claims from the Christman broth
ers, who have been employed in the
governmental forest reserve force.
The claims purchased are known as
the Keystone group and have been
under the observation of eastern
capitalists for several years, first
coming to their notice in 1902, when
copper was worth only 10 cents per
pound, and it was considered i'm
practicable to start development on
account of the distance from a rail-
road, which is fifty-five miles. The
claims lie on the eastern slope of the
Catalina mountains and are ten miles
distant from the San Pedro river.
Pittsburg and New York capitalists
have had options on these claims for
several years, but few months ago
let their option lapse, and it was i'm
nediately taken up by the Butte
crowd and since they obtained possess
sion an offer has been rendered by
Chas. NJ. Schwab, former president
of the United States Steel company.
The Butte crowd has received re-
ports from many of the most noted
mining experts in the country, all of
whom have agreed that the only
drawback to the making of a wonder
full copper mining district was the
distance from a railroad. Several of
the reports note a striking reSem-
blance to the Cananea district of
| Sonora, and a report made to Col.
w. G.. Greene about two months ago,
goes to the extent of calling the dis
trict second Cananea.
A great deal. of development work
has been done on the property by the
original owners, consisting of tunnels
| open cuts and shallow shafts, in
which copper ore has been exposed
in almost every case. The various
experts who have examined the prop
erty have reported on samples taken
from these respective cuts, tunnels
and shafts and are unanimous in the
statement that the ore runs from 3
! to 20 per cent. in copper.