The Montgomery advertiser., 1908-09-13
ARIZONA
SPLENDID OPPORTUNITY


 includes i40.0oo shares paid to !. C. Mohier. general manager for his in- terest in the land and mines. whseh covers an area of 500 acres of lana. embracing the celebrated Buzaard Shadow Mountains as the most val usble asset, having been worked by the Spaniards hundreds of years ago. From the top of this mountain. from an open cut 20 feet long. feet wide and 10 feet deep he as a miner 10 years ago took out sl2,0o0 worth of gold ore and shipped to Denver. Colorado. This ore was placed on exhibition at Phoenix, Arizona. at the State Fair last October and took the premium over all mines of Arizona as 1t assayed s2ot- 900 per ton for the best specimen while the average of It assayed rom $:50 to $500 per ton.
 As for development since orsaniza- ton in 1907 the company has worked day and night. and completed lSOo feet of tunneliing through the rock at s6 per lineai foot. and 300 feet Of shafting on the property. besides
 many open cuts and drifts, and they have as a result $3o0.00o worth of ore in sight. and on the dumps which will average from s to s2o per ton. while the cost of mining and milling is s1.50' per ton.
 The miners receive $500 per day for services and they are charged sl.oo per day for board and they get s2.oO per day and voluntarily take half of the s2 in stock of the company at 25 cents per share. The general manager receives s15o.o0 per month and volun- tarily takes half in stock at 25 cents per share. The mining engineer re- ceives the same amount and does likewise. The contractor. MT. J.. F. Ginson. who is driving the Lillian tun- mel, which fs 800 feet long. receives his profits in stock voluntarily at 25 the treasury of the company during the whole period. At the distance of 200 feet in the Lillian tunnel a body of gold and silver ore 50 feet wide was encountered, whose height and depth is unknown. These tunnels foi- low the vein which has been followed 500 feet already in the Lillian tun- mel.
 The modern improvement In mining and crushing ore has shown that low grade ores averaging @ per ton can be profftably worked and when we state that the average of the ore of this property runs from $5 to $1o per ton. which Is a very conservative es- timate, some idea of the value of this property can be estimated. The Home stead mines of South Dakota, which is the largest gold mine in the United States are paying large dividends to their stockholders which does not average 8 per ton.
 The facilities for shipment and de- velopment of these mines are excel lent A railroad built by the Detroit Copper Co.,, corporation adjoining this property and which produces $4,- 900. 1000 worth of copper annually and owned by Phelps, Dodge & Co.,. of New York, runs within half mile of Buzzard Shadow mines and the town of Morenci is building a first class wagon road through its borders, as also the water pipes and gas pipes which will be utilized by the company for fuel at a very low rate. The town of Morenci is three miles east of the property and contains 1000 people. Morenci is the railroad terminus of the l road from Southern Pacific railroad. | 70 miles from Lordsbury on main line | of road.
 The New York and Arizona company has kept up to present time, 25 men constantly at work night and day dur l ing the panic and are entirely out of l debt with a. surplus today of $4,o00 | in its treasury, which fact speaks vol | umes for It's able and conservative management, whilst most of the mines | had to shut down for want of funds. and they have today 500,000 shares of stock unsold in it's treasury. from the | sale of which they expect to develop
 the mines and put in 4 10 stamp mill | which will have a capacity of 50 tons day to begin with and will in- crease the capacity as the products of the mines require. This 10 stamp mill will only be used to crush high grade ore running from $20 to $100 per ton and upwards. whilst the low grade ores will be crushed by machines hay inn nP DEn flaw | They have been offered by foundries | to furnish machinery for a 10 stamp
 mill for $3,500 and take one-third pay ment in stock. such is the faith in
 the prospects of the company.
 The sum of $30.000 from the sale
 of stock will put in all the needed ma | chinery and supply funds to carry on
 all the needed development to insure
 paying dividend in 12 months from
 date. Should high grade ores be min | ed of course dividends would come
 earlier but the purpose of the man. agement is to base their returns from | low grade ores, which from 50 stamp
 mill grinding 250 tons per day of .s5
 ore will yield $1 900 per day gross and ] holders which Is a very conservative estimate and which in one years time would give $1S2.500 or 40 per
 cent. on s700.000 annually. It is not l the purpose of the company to issue 1 800. 900 shares as allowed by charter. l but only issue 10000 shares in order 1 that the dividends may be greater to | stockholders. and when 1t is known
 that the adjoining property the Ari-
 zona Copper Company, a Scotch com pany producing five millions a year whose original capitalization was 300,- l 900 shares have increased their stock | sixteen times without expense to l stockh olders and that stock is selling
 now at $11 per share. The Detroit | Copper Company adjoining the New York and Arizona Company is a close
 corporation owned by Phelps. Dodge | & Co.,. whose par value was $5 per share cannot be bought for less than i $500 per share.
 1 It is the purpose of the management always to control a majority of the 1 capital stock in order to secure a per | manent control of the property and by l conservative management to Insure
 permanent dividends to its owners. | This company is not owned by New
 York capitalists. but by men in Nor l enci. Arizona, who are on the ground
 and know the value of the property, and they have declined to consolidate | large quantities of .preferring rath- CT to control their own property by majority ownership.
 l For further information apply 10
 W. S. Greene. Real Estate Broker Go lumbus, Ga. adv-su-2 2t A BANKRUPT CURATE.
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