Weekly journal-miner., 1908-11-25
ARIZONA IS MARVEL
 or MINERAL WEALTH
(Boston Financial News.)

Arizona contains in her mineral re. sources the potentiality of riches be. yond the dream of avaricc. She has already yielded from her mines an enormous sum of money, but her pres. cnt mining development is very well , indeed compared with the vast extent . of her undeveloped mineral deposits i, whose existence has been proved by | scientific tests. This years mineral | production in Arizona will be about ! s6j,O0O.O00. according to information tabulated from special returns made to the Boston Financial News by engin. eers in charge of the principal mines in that territory. The production of cop per in Arizona has given her the worlds primacy in that metal the to- tai output being more than one-seventh of the worlds yield. The opinion is general among copper producers, that in department of mineral production the territory contains more than enough copper ore to give full employment to as mucn machinery and as many men as are employed in all the copper mines of the continent for many years. Ari. zona's gold output is increasing and, as soon as silver takes an upturn in the market, there will be a liberal expan- sion of silver mining in this territory. The recent hard times have had lit ,le effect iu Arizona. Mining has been pushed right along under comprehen' sive plan of development. The slack spell in copper gave opportunity for putting in new machinery and apparat- us that by it's efficiency will soon more than make up the sum of the profits that would have accrued from the full running of the mines. Several rail roads are planning extensions that will enable the profitable working of n num- Der of rich sections that have been
 fully prospected but are not developed.
 Some of the mines in Arizona are owned by close corporations that issue
 no reports, have no stock for sale, and
 whose owners can get all the money
 they want for making extensions with.
 in their own circles. Other mines that
 are just as good in every way as those
 big mines are awaiting better turn
 in the money market for forwarding
 developments. Some of Arizona $ mines have within score of years re- turned from loo to l95 per cent on their capital Others have returned the double of the original investment One of the largest mines which is now
 paying enormous returns, was once n such bad way that ore for only three weeks work was in sight, and almost everybody in the corporation had tn' blues. A drunken mine captain lurche'
 into the mine one Sunday with n bot
 tie of liquor and tools. Toward th' end of the day he made strike tha '' put n different face on things, and re ' suited in the earning of many million U of dollars. The mine is one of th worlds greatest producers today.
 Another great mine of today wa = abandoned by some of the shrewdes men in the copper business. Withi . six montas thereafter, it developed n
 to a great money maker. One of tn
 original shareholders and developer was so disheartened over the seemin
 failure of the mine that he had wal
 dered away and was last heard of as
 tramp on the Pacific Coast. In a Wa
 street bank is a very large sum =. money earned by that mine to il
 credit of that man.
 Twenty years ago a milliner in Bo
 ton took from miners wife fe u. shares of stock in an Arizona mil le. that the miners wife told her we of worth slOO. The milliner was to ". some time afterward that the shar let were worthless. But as the stoe an were prettily engraved she kept the let as playthings for her children. s on years afterward she learned that | DO, shares were worth $65,000, and that ss, large sum was due her as dividend ie- She came to this city and saw se treasurer of the mining company. Wh 'ck he told her how much was to her cree lid she fainted away.
 of The area of Arizona is about
 times the size of New Jersey. T rec richly mineralized section IS about in miles long, and has the area of 4o,Oc has 900 acres. In recent years, the co ,m- of living in Arizona have been larg
 1ecreased througn the development ,s. farming and cattle raising Artihe , ,a,to, bas done great things