Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1908-09-02
$4,000 FOR BIB.
OCTAVE POWER PLANT
(From Thursdays Daily,

AT meeting OF number OF the
leading stockholders Of the Octave
Mining Sompany, held in the compa.
ny's Offices here Tuesday, the Central
Arizona Electric Company was or.
ganized and the interests Of the Oc-
tave Mining Company in the proposed
power plant at Wickenburg transferred
to IL. Forty thousand shares Of the
capital stock Of 100000 were sub
scribed at par and the directors were
authorized TO issue 100000 Of 3 per
cent five years bonds. payment Of
which Is guaranteed by the Octave
Mining Company. IL was announced
yesterday that the bonds were under
written already.
The contract for the entire electric
installation Is awarded TO the Wrestling.
house Manufacturing Company Of
Pittsburg, Penn. This concern will
have all the machinery on the ground
nj Wickenburg within sixty days.
The first unit Of the plant will be Of
$50 horse power. It's estimated cost IL
$4,000. II is the intention to enlarge
the plant by the addition Of four
other units as the demand for power
justifcs. With the installation OF the
plant all machinery in the Octave mill
and mines will be run by electricity.
The indicated horse power Of the Dc.
tave plants, il estimated at 400. This
leaves $50 horse power Of the first unit
for sale, contracts for which are al.
ready signed TO be delivered as soon as
the plant Is installed. The manage
ment has announced that power will be
furnished the mines Of the Wicken.
burg, Black Rock and Weaver districts
on reasonable terms 80 that a number
Of properties now idle on account Of
the high price Of fuel can be operated
proftably. Careful expert estimates
show that the operation Of the ma.
chinery Mt the Octave mines and mill
by the new power will result in an in
crease Of $4,000 a year in the Octave
Mining Company's earnings. This es-
innate is based on the company paying
the same price for its power to the
new concern rs any other purchaser.
The officers Of the Central Arizona
Electric Company are C.. T.. Miesse.
president, Frank Little, secretary and
treasurer, and O. A. Knox, vice presi.
dent and general manager.
The transmission line from the plant
on the Henry Wickenburg homestead.
now part of the town Of Wickenburg,
to the Octave mine will be eleven miles
in length. The poles and copper wire
for the line has been shipped and work
in its construction will he rushed NO
that it will he finished as soon as the
plant is installed.
The Octave nine is now the largest
gold producer in the territory. II is
opened to- a depth Of 1900 feet and
has over eight miles of underground
workings. Development is now con-
fined to the levels above the 1900 foot
station. II is said 10 have larger
tonnage Of ore in sight than any other
gold producer in the territory. In the
bottom of No. s shafe there is Ave a.
n half feet Of SIS ore at a depth OF
500 feet. The product is treated in
the forty stamp mill. modern in design
and automatic in operation. The treat
ment il especially economical as the
ore is handled automatically from the
time it is dumped Mt the rock crushcr.
until emptied from the teaching tank,
in the cyanide plant. II is not handled
by hand anywhere in its course OF
treatment, which is combination OF
amalgamation, concentration and cy
anide.
| The financing of the electric power
company as well as the Octave Mining
Company il due TO the energy aIl goot
business judgment of c. T.. Miesse, Of
Chicago, who is president and "A lead
ing stakeholder in both concerns. I'll
left for his home in Chicago Tuesda,
afternoon after all details of the new
organization were completed and it
financing assured.
| q. A. Knox is vice president and gen
cral manager Of the Octave Mimi,
Company. The Octave MINES success
as a producer is conceded to be great,
due to his keen and practical knowl
edge of mining and milling in all IL
details. He stated yesterday that tn
installing of the new plant would b
vigorously pushed as soon ms the ma
chincry arrives. He left for Octav
last nignt
y. X. Hum Of Los Angeles, vice pres
idcnt of the Octave Mining Company
who was also present at the meeting
is a large subscriber 10 the stock o
the electric company.