Bisbee daily review., 1909-05-08
OPTION ON COPPER
 PROPERTY
(Phoenix Gazette9

Options upon the Saddle Mountain London-Arizona. London Range and Ball Copper company properties. at Christmas. have been secured by Ed ward B. Krutz on behalf of the Amer ican Finance and Securities company, of which he is president. and if the report of experts who are now mak ing an examination is favorable. all will be purchased and consolidated under one management.
 The four groups concerned in the deal are situated right at Christmas and comprise 5000 acres of land.
 This is one of the biggest moves in the Arizona mining field made since Mir. Krust's concern organized the De. velopment Company of America to- take over the mines at Tombstone. Silver Bell, Poland and Congress.
 MT. Krutz arrived here week ago from New York. He was met by his brother, c. l.. Krutz of Columbus. Ohio. who has charge of the mines at Guanajuato, Mexico. which the Ameri- can Finance and Securities company owns. With Charles F. Finney and E. w. Brooks of the London-Arizona company. Lewis s. Noble and A H. Jones of Denver. they went to Wink elman and Christmas and spent sev- eral days in looking over the four groups which they hope to consoli. date. MT. Noble Is the chief engineer of the American company and MT. Jones is his assistant.
 The Kurtz brothers left their en- gineers on the ground with Mir. Brooks and MT. Finney and returned to Phoenix. Tonight they will go to Silver Bell to look over the Fl Tiro properties. which is one of their com pany's holdings.
 'T never saw a district where the surface indications were better than they are about Christmas" said Ed ward B. kurtz today. "The four groups upon which we have secured options all look good to me. but l am not a mining man, and, of course, can't say what we will do about the consolidation we have planned until we have the report of our experts. They will be busy sampling for fully a week. If the properties are as good as we think they arc, the deal is cer- tain to be made and as soon as the P. and E. railroad is completed, we will erect a 1000-ton shelter. In the l meantime we will do development | work. Little development has been done upon any of the groups except | the Saddle Mountain
 MT. Krutz asked closely regarding I the apparent plans of the railroad company for the completion of the P. and F.. He stated that he heard in directly but upon good authority that work would be commenced right away
 Do you contemplate putting your | shelter on the site selected by the London-Arizona company he was asked.
 We have made no plans regarding the site. It must be close to the rail. road and convenient to ali the groups There are several good sites in the | vicinity"
 Throughout the interview. MT. Kurtz spoke confidently of the ulti. mate success of his plans for consol. Il idation. He seemed to regard the ex, perts' examination more as a mere matter of form than anything else.
 The American Finance and Devel. opment company was organized about eight years ago. Its first work was to organize the Development Company Of America to take over the Tomb. stone, Silver Bell, Poland and Con- gress groups. Later the KurtZ broth CTS and their associates financed the Tombstone Consolidated Copper com pany and the Imperial Copper com pany, which operate the mines at
 Tombstone and Silver Bell. Going down into Mexico they financed the Guanajata Mines company, one of the biggest copper mines in the southern republic. In the course of their operations they have acquired the Fl Tiro group. adjoining the Inn perial property, which is one of the most promising copper prospects in
 Arizona.
 The develoment of the Kelvin and | Winkelman districts means a great deal to Phoenix remarked Mir. Kurtz This city is sure to be a great mining center, for there are scores of rich mines tributary to this city. The sooner it awakes 10 the possibilities the sooner those mines will be developed and the faster Phoenix will grow.
 There is no question in my mind that this will be the greatest city in
 Arizona. It has both mining and az ricuiture to support it."
 MT. Kurtz is great believer in the Silver Bell district and predicted that
 more would be heard of the Imperial and .El Tiro mines in the future. c. l.. Kurtz came up from Mexico for the special purpose of inspecting the El Tiro.
 During the day the Kurtz brothers called upon Governor Sloan