The Montgomery advertiser., 1908-09-06
SPLENDID OPPORTUNITY

To Make Fine Paying Invesfment'
 The New York and Arizona Gold and Copper Company of Morenci, Arizona, was organized in Morenci in March, 1907, and capital stock placed at S9O0,- 900 shares of s1.00 each. of which 400. .000 shares have been sold. This includes 10000 shares paid to J. c. Mohier, general manager for his in- terest in the land and mines, which covers an area of 500 acres of land, embracing the celebrated Buzzard Shadow Mountains as the most val uable asset, having been worked by the Spaniards hundreds of years ago. From the top of this mountain, from an open cut 20 feet long, feet wide and 10 feet deep he as a miner 10 years ago took out s12,000 worth Of gold ore and shipped to Denver. Colorado, This ore was placed on exhibition at Phoenix, Arizona, at the State Fair last October and took the premium over all mines of Arizona as 1t assayed S20,- GOO per ton for the best specimen while the average of 1t assayed from $150 to $500 per ton.
 As for development since organiza- tion in 1907 the company has worked day and night, and completed l5OO feet of tunnelling through the rock at s6 per lineal foot. and 300 feet Of shafting on the property, besides many open cuts and drifts, and they have as a result s30o.000 worth of ore in sight, and on the dumps which will average from $5 to $2o per ton, while the cost of mining and milling is $I50 per ton.
 The miners receive $500 per day for services and they are charged $l.O0 per day for board and they get S2.00 per day and voluntarily take half of the $2 in stock of the company at 25 cents per share. The general manager receives $150.o0 per month and volun- tarily takes half in stock at 25 cents per share. The mining engineer re- ceives the same amount and does likewise. The contractor, MT. J. F. Ginson. who is driving the Lillian tun- his profits in stock voluntarily at 25 cents and has only drawn $20 from the treasury of the company during the whole period. At the distance of 200 feet in the Lillian tunnel a body of gold and silver ore 50 feet wide was encountered, whose height and depth is unknown. These tunnels foi- low the vein which has been followed 500 feet already in the Lillian tun- nel.
 The modern improvement in mining and crushing ore has shown that low grade ores averaging $S per ton can be profitably worked and when we state that the average of the ore of this property runs from $5 to $10 per ton, which Is a very conservative es- timate some idea of the value of this property can be estimated. The Home stead mines of South Dakota, which is the largest gold mine in the United states. are paying large dividends to their stockholders which does not average $3 per ton.
 The facilities for shipment and de- oIa aaf NF mil axCel. lent A railroad built by the Detroit Copper Co.,, corporation adjoining this property and which produces $4.- 900, 900 worth of copper annually and owned by Phelps, Dodge & Co.,, of New York, runs within half mile of Buzzard Shadow mines and the town of Morenci is building a first class wagon road through its borders, as also the water pipes and gas pipes which will be utilized by the company for fuel at a very low rate The town of Morenci is three miles east of the property and contains 1000 people. Morenci is the railroad terminus of the road from Southern Pacific railroad. 70 miles from Lordsbury on main line of road.
 The New York and Arizona company has kept up to present time. 25 men constantly at work night and day dur ing the panic and are entirely out of debt with a surplus today of $4.o00 in It's treasury, which fact speaks vol umes for It's able and conservative management, whilst most of the mines had to shut down for want of funds, and they have today 500,000 shares of stock unsold in its treasury. from the sale of which they expect to develop the mines and put In a 10 stamp mill which will have a capacity of 50 tons a day to begin with, and will in- crease the capacity as the products of the mines require. This 10 stamp mill will only be used to crush high grade ore running from $20 to S1O0 per ton and upwards. whilst the low grade ores will be crushed by machines hay ing a capacity of 250 tons per day. They have been offered by foundries to furnish machinery for a 10 stamp mill for $3,500 and take one-third pay ment in stock, such is the faith in the prospects of the company.
 The sum of S300O0 from the sale of stock will put in all the needed ma chinery and supply funds to carry on all the needed development to insure paying dividend in 12 months from date. Should high grade ores be min ed of course dividends would come earlier, but the purpose of the man. agement Is to base their returns from low grade ores. which from a 50 stamp mill grinding 250 tons per day of s ore will yield $1 900 per day gross and return half of this amount to stock holders which Is very conservative estimate and which in one years time
 would give $l82.500 or 40 per l cent. on $700.000 annually. It Is not the purpose of the company to issue 90O,000 shares as allowed by charter, but only issue 900 shares in order that the dividends may be greater. to stockholders and when it Is known that the adjoining property the Ari- zona Copper Company, a Scotch com pany producing five millions year whose original capitalization was 30O,- 900 shares have increased their stock sixteen times without expense to stockh oldors and that stock Is selling now at $11 per share. The Detroit Copper Company adjoining the New York and Arizona Company is a close corporation owned by Phelps, Dodge & Co.,, whose par value was 8 per | share cannot be bought for less than l $500 per share.
 It is the purpose of the management always to control a majority of the | capital stock in order to secure a per- manent control of the property and by conservative management to Insure permanent dividends to its owners. This company Is not owned by New York capitalists. but by men in Nor enci. Arizona. who are on the ground and know the value of the property. and they have declined to consolidate | with adjoining companies shipping large quantities of ore, re,preferring rath-
 CT to control their own property by m n