Bisbee daily review., 1908-11-14
SHELTER AT HUMBOLDT '|S
 DISPOSED IF
Bankrupt Plant Finally Goes At Third Attempt and Brings S2W,000 = Means Work for Large Force.
(Prescott Journal-Mi ]

(Prescott Journal Miner.)
 In a taird and succession attemp, to dispose of the holdings of the bank rupt Arizona Smelting and Consolf- dated Arizona Smelling companies, the Smeltfng plant at Humboldt. a number of mining claims and sundrs other properties. were sold yesterday to Edwin s. Hooley and Thomas Achenback of New York through then efnlssarfes. F. A Dillingham; of New York and Stanley W. Swahey of Chi. cage.
 The purchase price was s20O. .0Ov and the incurment of mortgages gener- ally supposed to verge on s260, 900.
 Attorney Mechanism of New York, representing the interests of J. Thom- as Rheinhardt bid $195.0o0 for th,, properties offered as a whole. This was after the representatives of the Hooiey and Achenback interests hao Did in the properties in separate par cells in the aggregate sum of $1s0, 900. Attorney Dillingham; promptly raised his clients bid as a whole to the sum of $2o0. 900. and there being no fur ther bids Kearney Rice, trustee in bankruptcy of the companies. de- ciared the properties sold to Edwin s. Hooley and Thomas Achenback, suo- ject to the confirmation of the sale by the United States district court Of New Jersey. The day set or con frmation of the sale is December 20
 When the sale of properties to Hooley and Acheback was announced then representatives Dillingham;. and Swabey, promptly paid over to True- tee in Bankruptcy Rice $20, 900, repre- senting ten per cent of the amount of the purchase price, in accordance with the terms of sale.
 When the sale was announced ana the order of the United States dis trict court authorizing it read, Attur- ney General E. S. Clark. representing the Bank of Arizona and Cec'I c. Fen nell. gave notice that his clients ws-e creditors and he'd liens against both bankrupt companies aggTegating a considerable amount.
 Attorney Leroy Anderson, repre- senting Shaw, Muller & Co. Of New York, gave notice that the injunction recently issued against J. Kearney Rice. trustee in bankruptcy, on peti. ten of his clients. had been pQditsd allowing the trustee in bankruptcy tu sell his interest. provided he held any, in the locked values in the smeiters. The locked in values were sold with the other properties of the companies but the sale does not carry with it the title to the ores on the ground at the smelter or the bullion stored in the warehouse there. Shaw, Muller & Go. have heavy claim against the ores and bullion. It is understood. however, that this firm is allied with the purchasers and will have a heavy interest in the company, which will be organized according to the general organization scheme, which it is al. leged has already been perfected. It Is also believed that George W. Mid dleton of New York, formerly of this county, is identified with the pur- chasers and will have large interests in the new organization
 The ore and bullion on the ground will probably be purchased by the new company at private sale.
 Representatives of the purchasers stated yesterday after the sale of the properties was announced that work will be commenced immediately after the confirmation of the sale by the New Jersey court. It is estimated that s150,0Oo will be expended in re modelling the plant and repairing the waterworks damaged by the summer fioods
 Provided no legal complication arises in the sale of the properties, which is subject to the approval oi the United States district court oi New Jersey, 1t is now almost certain that large force of men will be al work at the Humboldt smelers by the first of tne coming year.
 H. M Abbott of Humboldt, who has had charge of the companies proper . ties since operating ceased over a year ago, was authorized yesterday to start force of miners immediately doing the annual assessment work or the properties purchased by Hooley and Achenback, which includes the Blue Bell group of mines in addition to heavy claims against the Arizona Exploration company and the De Soto Mining company. This will necessi- tate the expenditure of $4,000 before the first of the coming year. Abbott will commence the work at once.
 Attorney Leroy Anderson is loca counsel for the purchasers.
 Dillingham; and Swabey Aleft fol fheir homes in the hast yesterday afternoon after bidding in the prop critics for their clients, Hooley ana Ackenback