Arizona republican., 1909-10-27
MINING DEAL !. PUT THROUGH IA Transaction of Greatest
 Importance to Central Ariz. AND ESPECIALLY TO FINAL
Development Company of America Acquires Saddle Mountain Property and a Large Share of the Lon don-Arizona.

The negotiations looking to the talk ing over of the property of the Saddle Mountain Mining company and large interest in the London-Arizona com pany by the Development company of America were concluded yesterday afternoon. This deal involves close upon a million and a half dollars. to say nothing of as much more that will be expended in equipment and the subsequent millions that will go into development.
 President Murphy of the Develop ment company last night stated that the matter had been brought to an end and that his company would proceed at once with a systematic line of de- velopment He said: We hope to be ready as soon as the Phoenix & Eastern has been completed to a point opposite the property to ship ore by train loads to the shelter at Sasco, until such time as the development of the property of the Saddle Mountain and the London Arizona, in which the Development company has acquired a large. share will warrant the erection of shelter on the ground"
 Mir Murphy remarked that there had been considerable misapprehension about the negotiations. Much had ap- peared that was without any founda- ton. For instance. it had been stated that the American Finance and Se- entities company was in some way connected with the matter or stood behind it.
 Said Mir Murphy: The American Finance and Securities has had noth- ing to do with this transaction from the beginning. It has not in any way ever been connected with the Develop ment Company of America nor is there the slightest relation between the two companies now. I believe that Charles L. Kurtz, the president of the Securi- ties company. would resent. if he knew it. the persistent linking of his name and his company with the af- fairs of the Development company. and the constant implication by unin- formed persons that he is in any way interested in the successes or failures of the Development company.
 The Securities company is able to stand alone. Under the able manage ment of Mir. KurtZ it has become strong and influential institution and it would be q good thing for Arizona if the Securities company should be- come interested in Arizona.
 T cannot understand this continued misrepresentation of the position of the American Finance and Securities com pahy. I can only attribute it to the unwillingness or the inability. or both, of some persons to present matters fairly and intelligently.
 T am under great obligations" con tinued Mir. Murphy, ito the Republican for the course it has pursued during this negotiation. 1t has been in full possession of all the facts as they have developed. but it has carefully refrained from making public matters whose publicity might have produced annoyance and have led to ultimate disappointment"
 The importance of this deal is understood by mining men, who have watched with amazement the develop ment of Pinal county within the last half dozen years. With the Ray Con- solidated and other great properties already in operation and with the ex- tensive operations which are certain to follow quickly on the newly acquired properties. it is predicted that that re- zion will shortly become one of the great mining regions of the west.
 When MT. Murphy stated that he expected that ore from the Saddle Mountain and the London Arizona would shortly be shipped in trainload lots to the Sasco shelter. he was re- minded of an earlier interview in which he had spoken of the possibility of the construction of a railroad from Imperial to the gulf. It was suggested that this transaction ought to add to the reasons why such a road should be built.
 He said. without replying directly to the suggestion that that project was under favorable consideration and that it was fair to assume that if no un- expected obstacles were presented, the project would be carried through.
 But he added, this case does not differ from many others in which peo- pie who occupy advantageous posi- tions. capitalize their advantages to such an extent as to become almost insurmountable obstacles But from the present view there is good reason to believe that the road to the gulf will be built