Bisbee daily review., 1909-02-20
GRAHAM TELLS OF DEALS IN
 TIMBER LAND
Former Bisbeeite Back Among Friends After Making Sec ond Fortune in Lumber Once Mine Owner

E. r. Graham, the man who fOuent so long and so valianuy for the pcsS session of Fl Tigre mine, and hv- reputed to be twice a mil onaire, ls in Bisbee looking over .a.s old haunts and enjoying the friendships he made here sn early days. Graham Is slightly built fellow, rather under lao average height, even and cfreful in his speech. In conversation he shows himself to be a man ~ educat on, with a mind able to see into the future anu straight Inc formed by hs lips, which shows he has the psrtinacity to carry out plans made because ot what he has seen. Mir. Graham will remain here only short me, return ing to Chicago, his present headquar- ters.
 Mr. Graham's wife is n California. ana his children are in a Calirnrnia school. Asked last night by a Review man as to his intentions for the fu- ture. he stated that he would finally locate in Southern California, and that he and assce ates were at pres ent buying up large tracts of farm land in the Golden State.
 He was very philosophical over ms
 loss of Fl Tigre mine, worth now .lrom $6.000,050 to S7.000.000, and
 stated that had not events turned out as Cey had and he hal retained his
 interest in the mine he would have
 been wcrth less. today that he is as a result of having lest il the famous
 awsuit, waeIein he sunk his forum.
 and left the country s200,000 sn debt.
 When the supreme court had de
 cided against me in i996.00 said Au Graham in response to a request to tell Of the events leading up to
 his acquisition of large timber tracts in British Columbia T nad friends left
 who enabled me to reach Cal fornia. There I remained a month, when
 | ft fer British Columbia 10 lock after
 ar option whiSh l had on Q copper
 mine in that country While there l , became interested iu the rich timber tracts of cedar. pine and spruce. and within thirty days hal contracted 10 buy S0,0O0 acres of timber land. with sixty days in which to make the nrsI payment. During those sixty days |. associated with others, managed to | hcrrow my part of the first payment and so the start was made. We erect ed mill on the tract, and the com pany is at present known as the F. K. Graham Eumber company.
 Tn the fall of that year and during the eight months following we bougA. 110.000 acres of additional timber land
 with an estimated stumpage of J.400,- 100000 feet of lumber. The tract Was owned by widely scattered individuafs. and in closing up the different deals trayeled 44,000 niles the first veal and s 900 miles the second. These trips carried me 10 all parts of the United States. l was offered $fj0,0UJ just for my. contract on this last acre age. but uEuscd tO listen O an offer ulder $500.G00.
 ''It was tIis last large tract which 1 Re recently sold to eastern parties. This Ele was made on terms which are not 70 D male public. t is not 10 be thought tha We had an easy time in holding to the land and n imcetir- the contract price during the panic, which lowered the price Of lumber Wc have paid as high as 5 per cent a molth.ior the use of Sl0O,- 600, and many -iu-s as high g rate for smaller sums. s was necessary tO do so .n Crder Co get he money But we ! lfi E., and the recent deal is the re- suit"
 Il conclusion he stated that he and his associates still had betEeen o5.Uc0 and G00GO acres, with mns gu'ug Asked as to the amount re c5ivsd for tEe 1l),0o0acre tract s0'i | recently. he preferred not to state but added that tle purchasers valueI , it at ST a thousand feet. which, for the +.4O0000.000 feet, makes a total of ISl40e.00O