Weekly journal-miner., 1909-02-10
OLD VULTURE MINE IS
 PRODUCING PROPERTY
CFrom sundan,s pallyl

rom me Nulture mine, m which he has become interested, as a lieutenant for the group of capitalists which re- gently bought the property. He brings most flattering reports from the mine itself and for its future, as the new owners, he says, have bought and paid
 for the property, have financed it and have ample funds for its proper exploitation. The property, he says, was bought from MT. Love and his as sOeiates forming the group of Chicago owners, George E. Sanders having failed to make good on the option held by his company or in getting a title by the legal proceedings that were in the Arizona courts so long. The pres ent situation, he says, is the entire elimination of Sanders and his friends and is new project designed to work the property on its merits. Not only that, but it is working the property now and has been since the first of September in an experimental way, ten stamps of the old mill having been put in commission some time ago. MT. Taylor's mission here was chiefly one of inspection and he goes from here to Los Angeles, where he will buy an automobile for the use of company of fieials between the Vulture and Wick enburg. the nearest railroad station.
 The office of the new company is in Boston, though the men who have financed it and are most heavily con cerned in the property are mainly Canadians. Among them is Hon. Rob ert Mackay of Montreal, a member of the Dominoin senate, director of the Bank of Montreal, the Royal Trust Company and the Canadian Pacific railway, the Canadian Bell Telephone Company and president of the Shaw inigan Power Company, Angus Mack ay, who accompanied MT. Taylor to Phoenix, is a brother and is the mana ger of the company's interests at Vul- ture.
 Frederick W. Rockwell of Albany and E. c. Frisbie of Hartford, Conn.,, are also well known fnanciers inter ested in the company. A. R. Maekay and W. s. Hutchinson are the engin- eers, both practical men and graduates of the best technical schools. The mine superintendent is Robert Johns, formerly with the King of Arizona.
 About forty-fve men are now em- ployed at the mine. Ten stamps of the old mill have been put in repair and are being operated regularly, not so much for the actual product of the small plant as to determine the char acter and value of the ores, previous to the construction of large perma- nent operating plant. The mine is be- ing worked on the lower levels and recently fine body of ore was exposed that has not yet been defined by the walls. though it's width is known to be at least thirty feet.
 The plans of the company has been made on large scale and it is pro- posed to develop a water supply by deep wells if that be feasible, or the building of a pipe line from the Has sayampa River if that be necessary, that having been the water supply in the palmy days of the old Vulture. At present the water supply is merely that in the bottom of the deeper shafts and though limited it seems to be am pie for present necessities. The install lation of a big cyanide plant for work ing the immense deposit of taInngs be- low the old mill is also among the lat CT plans.
 The capitalization of the new com pany is $3,OOO,OOO, par value $5, and the stock, which is listed on the Bos- ton Curb Exchange, is now selling at $62j. The old Vulture mine is one of the most historic properties in Ari- zona. was one of the resources that made the town of Phoenix in the early days and has produced at least $lS.- OOO,OOO in gold, though it was never worked below the 300 foot level. Con fidence in the property is expressed by nearly all Arizona people, but it has been in disrepute for years owing to the many failure that have been made by those who attempted to work it If the new owners carry out their plans as they have been outlined, it will become again at an early day a wonderful revenue producer, a valu- able asset of this part of Arizona, and will do much toward renewing the in spiration of mining men in the Arizo- na feld-Republiean.
 SENATE EULoGIzEs ALLISON