Bisbee daily review., 1908-05-29

valuable properties and putting them on a producing basis first. he ha exhausted the flEanCiai resources ol the company .n purchasing new 9rcT critics.
 These new properties are very val. | uable and lie undoubtedly worth d l great deal more than the company has paid for them. but it takes large amount of money to swing such e& ] tensive operations. ] However, I am sure Col. Greene | is through with buying new proper ties, and that all the company needs now Is working capital to put it on permanent paying basis. "I know that Coopel Greene has put practically every dollar that he owns in to the Greene Gold Silver company, believing in it's ultimate great success"
 Mines Have Great Value. The head of a large mining corpor. ation who has recently returned from a business trip to Mexico. says: T visited several of the Greene Gold-Silver properties with Colonel Greene and I was much surprised al the showing made. If Col. Greene would confine his energies to several of the properties that I visited, there would be no question about the sue cess of the company.
 Colonel Greene is handicapped, however, through lack of working capital; but notwithstanding the diff culties under which he Is working. splendid progress iL development work has taken place at the OCampO and Coucheno properties. A large body of ore, running $l5 to S40 per ton in gold and silver, has been us- veloped at the Ocampo; but the property is in need of large and more modern equipment.
 T also visited the plant of the Sierra Madre Lumber company and I can say, that, without exception, it is the finest that I ever saw.
 Gold, Silver, Iron and Coal.
 The Greene Gold-Silver company owns a great many very valuable properties and concessions in the state of Chihuahua. including coal and iron mines Gov. CreeI told me that Mexico had produced about S10,- QUO 100000 in gold and silver, and that Chihuahua has produced over Onc-third of this amount, some of the old time bonanza mines being nVw rwred by the Greene Gold-Silver companr.
 Greene a Wonderful Man.
 Colonel Greene is . wonderful man alI the personiication of optimism and o2e cannot help liking him. I n-yer saw @ man 50 cheerful in the lace of apparently overwhelming diff fculties.
 He Is the possesor of a wonderful amount Of energy. and Is a positive genius. notwithstanding his apparent mistakes of management.
 TT Colonel Greene could seCurr working capital and would ConduC operations between the present ex- tensive limits of the Greene Gold Silver company, that is to say. not buy any more properties. there Is no question about the future success or the company"
 The Compsny's Holdings. The Greene Gold-Silver company owns something like 12O mines. Un- der concessions from the government of Mexico, the company owns the mineral rights h a territory cover | ing 1000 square miles. or about g. | 200, 900 acres. in perhaps the richest l mineral section of the continent, the state of Chihuahua.
 The company also owns about 3t0.O0O acres of timber lands and It | Is estimated that the stumpage on ! these lands would amount to 3,5O0,- 1 0GO,0O0 feet of a fine quality of pine | lumber. At $l0 per thousand feet, | the ruling price iu Mexico for lumber | for. mining operations, this asset would be worth something like S35.. 100000 or more than the entire capi- | tai Of the company.
 l The company also owns extensive l coal properties at Pillares. in which there are estimated to be over 200 100000 tons of coking coal,
 At Cedros, the company owns s | forty-acre tracts of iron deposits | with additional concessions from the government giving 1t the sole right to make additional locations If desircd upon 100 square miles of surrounding territory.
 The iron deposits average 6S 1-2 ner cent metallic contents and carry .27 of 1 per cent in phosphorus, and of sulphur and 1-4 per cent silica.
 Railroad Facilities. Railroads have been built by the l Southern Pacific and other interests 1 sdjacent to these properties so that | they have considerably enhanced in value Altogether the company owns l the Iargest deposits of gold, silver. 1 copper, lead. iron and coal of any company in the world, not excepting the Amalgamated Copper company, | the American Smelting & Refining company or teh United States Steel | corporation.
 { In view of the company's vast and valuable possessions, it would seem l that the interests C7 the stockholders are best served by fslling in with the plans that the directors propose, es- pecialIy ag they are now assured of i con nservative management of the f. uanciaI end by the. directors in New York and that Colonel Greene is in a TositIou to give his entire attention : ts the operating end.
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