Daily Arizona silver belt., 1909-01-01
THE OLD YEAR AND THE NEW

All hail the glad new year! But m our joyful anticipation of the prosper ity apparently in store for Globe, let US not forget the blessings which the year that has gone gave to us-for there was never kindlier year to the people of this youthful giant among mining camps. The historian will re- cord 1908 as a red letter year in the life of Globe, a year of remarkable re- cove-y from discouraging conditions, year of unparalleled development, and of progress toward the goal of su' premacy among copper camps, a year in which many generous prophecies were fulfilled and others were brought nearer to realization.
 This is a time for retrospection, to take mental survey of the road we have travelled and note the incidents and events which shaped our course, and which together make up the sum Of our accomplishments. One year ago We had not begun to emerge from the gloom of the financial panic that a month earlier had prostrated the whole business structure of the country, and paralyzed the industry upon which the very existence of Globe depended copper mining. Two of our banks were closed and the others were doing busi- ness on a greatly restricted basis, with scrip as the medium of exchange. Con- fidence was badly shattered, thousand or more men had been thrown out of work, and business was at low ebb.
 Then came rift in the cloud; money matters began to mend, copper ad- vanced slightly in price, the old Do minion increased it's force of employees and the important developments of sul- phids ore on the lower levels of the mine, and which were promptly chron- icled in the columns of the Silver Belt, Il gave encouragement. Following these helpful occurrences came the news of the opening of great sulphide ore de- posit at Red Springs and the organiza- tion of the Miami Copper company to further develop and work it. Since talk
 ing over the Red Springs property the
 Miami company has increased the ore in sight from 100000 tons to nearly
 15 ,oOo, ,o00 tons, making it easily the
 most notable development of copper
 during the. year, and which attracted ' the attention of the mining world and , has resulted in the investment of mil lions of new capital for the develop . ment of copper properties in the Globe district. The Superior & Boston also 3 developed during the year one of th' largest high grade ore bodies in this dis s trict; the same can be said of the War ? rior Copper company, whose Mont B gomery mine is remarkable for size ana l high quality of the ore. The Inspira ? tion has added to it's already large body r of ore in sight, while the Globe Con f solidated, Arizona Commercial, Arizon; r Colorado and several other companie' 0 have likewise made notable ore strikes ? and the improvement and. expansion t has continued unabated up to the clos' - of the year. We look back over tn @ record of 1908 and are reluctant t e close the book.
 5, Will 1909 be as good year for Glob
 as the past has been? That will de g pend upon the people of Globe them
 selves. If every individual, every or
 ganization of labor and of capital vii
 work tremendously to advance the com
 mon interest and promote the welfar
 of the camp, Globe will continue to ad
 vance in material wealth and grow i
 size and influence until she leads d
 other mining camps in the southwest
 On the people and interests referred t
 rests a great responsibility, and as W
 have said, the future of Globe depend
 upon how they will meet it.