Bisbee daily review., 1908-09-30
ENTHUSIASTIC OVER SONORA
 MINE DISTRICT
Captain Greit Declares That Much British Capital Is Eagerly Seeking investment In Mexican Metal Fields.
DOUGLAS. Sept. 29.-(speciall-

DOUGLAS, Sept. 29.-( Special )-
 Captain Greit, H. F. Wadham and Herbert W. Shell are an interesting party who arrived in this city from London Sunday morning. Captain Greit will be remembered as having been in Douglas last March and MT Wadham made many friends here in his two visits to this city in the spring and in June and July. They are now on their way to the country to the south representing English capital which is interested in three mining properties in the Sahuiripa and Ures districts The companies which these gentlemen represent are the British Mexican Exploration company, silver proposition in Sahuorina near la Dura the British Mexican Copper company and the Batuc West Extension Copper syndicate, two copper properties i1 the Ures District. The silver property is the best developed work having pro gressed on it steadily since the organ. ization of the company two years ago Here Mir. Burnham, the consulting engineer of the company has reported 100000 tons carrying 35 ounces oi silver as being in sight. The two cop per propositions are being developed but have only been owned by the pre- sent companies for about year. Ii is to perfect development arrange ments and to investigate the report of various strikes in these properties especially the silver mine that the present trip is being taken.
 Captain Greit is an enthusiast over the future af Sonora and is perfectly familiar with conditions throughout the state It is three years since he started to investigate Mexico mining conditions, landing at Vera Cruz, pro ceeding to Mexico city and thence to Hermosillo where he started his In vestigations of Sonora which conyinc' Il ed him of the vast wealth of the INcountry and made him an enthusfas tic believer in the future of its pros perity and the greatness of its mineral resources. He has written very in teresting article on the mineral prop critics of Sonora which appeared in the | London Financial News and which il is the purpose of the Internationa American to later republish. From Hermosillo he proceeded through that district into Ures and on through the Sahuaripa, Moctezuma and Arizpe dis | tricts and up into Arizona studying inc | mines and mineral properties as he went. In the past two years he has made seven trips from England tC Sonora his longest stay in the Mexi can state being six months.
 An International American reporter 1 called upon Captain Greit in his room at the Roy hotel today and had Ionl conversation with him over his tra yels. the conditions as they appeared to him and the point of view whicl British capital was taking as to Mex ican mining investments. On the lat ter subject he said: "The Britisl public, that is in London which is tht l financial centre where all investmen 1 seeks it's opportunity, are keenly in 1 terested in the mines of Mexico ana especially of Sonora. Before I lef | for here there were people coming il l my office every day in large number this one asking if we had gold proper ties, another seeking a silver invest ment and others wanting copper prop ! critics to place their funds in. None! is cheap, only two and half per cen being available, and Is consequent! seeking more iucrotive investment Conditions are different than here fo we have not had such a slump as yoI
 
 us is not t;mid as it is with you Al to Sonora in particular, the pubn know that it is one of the greates mineral belts in the world and do no look upon it as a doubtful experimen but as a rich and tried field. The, are willing to invest in anything tha looks good and is backed by peopl whom they know and nave conf1dencr in but 1t is necessary for any on back of any movement to be know In England if he is to receive an, confidence whatever. Companies ar being exploited at London in all part of the world but Sonora is now al tracting much attention. Even durin your recent slump one company ac quired large Mexican holdings iuvesr ing alone a hundred thousand pound in the purchase. To my knowledg nearly ali the biggest English minin
 interests now have representatives i
 Sonora or Arizona looking out to pic
 up properties. l look for a big booI
 in Sonora within the next fiftee
 months"
 Continuing the conversation but II
 verting to their own properties Cal tain Greit said. "Our silver propos tion is in the Shauaripa district nea  Ia Dura will be about forty-fve mile from the railroad when completed an we believe it to be a very large prop
 sition. Mir Burnham, who was forn erly with the Gugenhe;ms but Is no our consulting engineer, speaks yer highly of 1t and recent letters frol the mine tell of important strikes
 which I can not speak tin we hay
 been down to investigate them. OJ
 copper mines are neither of thel
 more than three miles from the pr
 posed line of the Yaqui River raiiroal | It is our plan as soon as developmel < warrants to put in our own mills ar : reduction works and enter the pr n ducing game on a large scale"
 l As to the willingness or the Britt: capital to enter Mexico Captain Gre V said 1t was not confined to ninir i propositions only and cited a numb'
 of other industries into which Il
 English were entering calling atte
 ton especially to the meat packir
 companies. notably the British Me,
 can company which he stated was c
 ing large business and would COT e pare favorab3y with me America