Arizona republican., 1908-03-10
Arizona Mines
F.. f fs g


 eral condition of all the company's
 property. His report was full of in-
 formation concerning the development.
 equipment ard splendid physical con { dition of the property as a whole and contained valuable recommendations and suggestions for the future develop i ment, equipment and expansion of the ! properties. This report was most en- ! Enthusiastically received as 1t revealed i not only the present strength Of the ! property. but also the great possibili ties of success and profit in the future. i This report reflects most creditably on
 the present management as it shows 1 that in addition to the great quantities
 of ore blocked out upon it's taking hold of the property, it has prac- tically made a new mine. with larger
 ore bodies. higher values and wonder ful resources for the future. AmOBg many items of interest that were men tioned, was that the new shaft on the Joker vein to the east was completed to the tunnel level 800 feet below the surface; this shaft follows the Ire ali
 the way down and grows both richer and wider as it gains depth; the Joker
 vein was also cut 300 feet below the
 tunnel level, HOO feet from the sur face; the ore being at this point of the highest grade ever developed in the property, the vein being five feet wide at point of intersection and widening with development to almost seven feet in width.
 The new cross vein encountered and opehed on the 16th level January 1st has proven to be a wonder in value and in strength and an upraise on il shows it to be eight reec wids and judging from it's trend toward promi- nent outcroppings on the surIace, g1v- ing virgin ore for 1,6OO feet above the point encountered. This vein is said to be mine in itself.
 Within the last ten days a vein of about four feet in width was encoun- tered on the twelfth level of shaft No. | 3 which shows great strength and ! strong values, averaging much higher than the ore heretofore milled. It was noted also that nearly all of the levels from shaft No. 3 to the east | and aslO all of the development from | the main tunnel from the Joker shaft | 10 the east show increasing richness ! and strength. Acording to reports l this company has over 26S,000 tons of | ore blocked out ahead of the mill ca pacity and that the mine is pronounced | to be in the best condition. with the | greatest tonnage of ore blocked out ! and If the highest values in its his | tory.
 The property is turning out large | quantities of gold bullion each month: | on March Sth an additional gold bar | of about 1000 ounces was cast; two | other bars of similar size have been | cast and shipped very recently and in | addition to these bars. two car loads | of concentrates were shipped to the | shelter. While the old Octave Gold | Mining company made the octave mine and mill famous as gold pro- ducer, throughout the country. the new organization seems to have put still greater life into the company and is making the property second to none in Arizona. The management seems to have been unusually successful and wise in handling the affairs for the company. The stockholders by res- olution enthusiastically endorsed all the expenditures of money and the management of the officers in every detail.
 The following board of directors was elected for the ensuing year: C. E. Miesse. Chicago; E. K. Hum, Beaver, Penn; Frank Little. Chicago; R. N. Pillow, Butler, Penn; J. D. Moore. Birmingham. Ala. MT. Moore was added to the board in place of Mir IpL k of fc ! president of the Moore & Handley Wholesale Hardware company at Bir- Alabama. Mir. Moore is not only one of the strong financial men of the south but is one of it's most prominent citizens. socially and intel lectually. He has made a great suc- cess of his private business and he will. undoubtedly add great strength and assistance to the board of direc- tors of the Octave Mining company At a directors meeting after the an- nual meeting. MT. Miesse was re-elect- ed president MT. Moore vice president and MT. Little secretary and treasurer.
 Mir. Hum was honored by a gift from the stockholders of a beautiful gold watch as a token of their esteem for him personally, and for his eff cient and able management of the De- tave property. There never was a more harmonious stockholders meet ing in Arizona and. perhaps no meet ing of stockholders who are more ap- preciative of the work that has been done by their officers. It is a source of great satisfaction and pride to the citizens of Arizona to note the success that has been achieved in the man. agement of this property and also to the harmony that prevails among the stockholders who are it's owners because it demonstrates the possibilities of the territOry's mining resources when properly exploited.
 Among the subjects discussed in the it is understood. was that of plans fer the installation of a large electric power plant. It seems to be the unanimous opinion of those who expressed themselves. that electric power would prove. the most conven- ient and economical and should be employed as soon as conditions make 1t advisable Another conclusion was that the capacity of the mill should be increased at an early day. and though no positive announcement has been made it is practically settled that more stamps will be added just as soon as an enlargement seems pru- lent to the management