Bisbee daily review., 1908-10-27
(Boston News Bureau )

Some unwarranted apprehension has been caused by the blunt state ment of President Agassiz of the Cal umet & Hecla Co, in his testimony in the suit brought by President Bige low of the Osceola Co, that the Cal umet & Hecla had but II years of life on its conglomerate lode. To some this period of time measured the life of the whole Calumet & Hecla property and foreshadowed the early 'scrapping" of its millions of dollars worth of surface machinery.
 It cannot be denied. and in fact it is frankly admitted, that at great depth the Calumet conglomerate lode has .deteriorated to very marked de gree and is yielding at the present time but 10 pounds of copper per ton, against GO pounds and more a few years ago. Calumet & Hecla is stamping at the present time over g. 000, 900 tons of rock annually, and a reduction in the copper contents of 20 pounds per ton means an annual loss, on 13-cent copper, of S2.600 per ton, or $5,200.0O0 when applied to the total annual rock tonnage.
 With the declining copper yield, it has become necessary for the com pany constantly to increase the amount of rock treated in order to maintain its output at anything like former figures. The company is pro ducing at the present time S4,000, 900 pounds of copper per annum, of which 100000 are obtained in the process of opening up the Osceola lode. In the very recent past Calumet's annual output ran all the way from 90, ,00O, ,0O0 to 100,000.G00 pounds per annum. NIT. Agassiz meant exactly what he said when he gave it as his opinion that, at the present rate at which the conglomerated lode was being drawn upon, this win within the ter. ritorial limits in II years, but the de cline of the congiomeTate lode is ex, pected to be made good by the Osce- ola and Kearsage lodes. In fact, that he believes there is more neI money for the stockholders remain. ing in the Calumet property on the conglomerate, Osceola and Kearsage lodes than has ever yet been taken out of it, and Calumet & Hecla has to date paid dividends amounting to over S107, 100000.
 For the immediate future the com pany will secure it's new production very largely from the Osceola lode This lode outcropS on Calumet lands for a distance of over two miles. Ii
 lies 730 feet east of and under the i conglomerate and dips parallel with 1 1t. So far, therefore, as working l SG AI hn Eas
 very much larger mineral territory
 on the Osceol& lode than it had on tht 1 conglomerate.
 The company has done practincall,
 no stoping whatever on the amygda
 Ibid vein, confining its efforts solel, to sinking and drifting, until toda.
 it has almost 20 miles of openings oI
 this formation The refined copper yield from the first million tons o
 amygdaloid rock stamped was 1S,OOO 000 pounds. Of course, this tonnag iincluded a very large amount O
 waste rock which had to be hoisted ,and which will be discarded when tn
 management begins normal stopini operations. This will not be until i
 has put eight or ten years of stopint
 ground in reserve.
 , General Manager MacNaughto tells the Boston News Bureau tha ! ] he believes Calumet & Hecla ca : make its copper from the Osceol lode for eight cents per pound, or lesl when the time comes for active ope ations. An output of 10000, ,0O pounds per annum from the amygd; ;; Ibid rock will then be easily possibl