Bisbee daily review., 1909-02-04

to be made in working two old Se- inch pots, which was all those fur naees were, and the Queen at the time was very heavily in debt, and I went to my friends in New York and sug- gested that if we put up more eco Iomieal work we certainly would be able to make little at eight cents, so they were brave enough in the facs of all those difficulties to advance the Copper Queen s150.0oe to put up some larger and more economical work Those were begun in the fall of 1sS6. and they were completed, if recoilect rightly, in May of 1887. l recollect leaving New York shortly after wa had the meeting and took the finances Of the Queen into ac- count, and we were making trifle, although copper was selling at about eight cents. and l thought between t.Iree ard four years we could pay the Queens debts. Of course, the new works were making considerable more copper and ve had to find an outlet for our product
 Debts Began to Vanish.
 Just then Mir. Secretan came to us 10 make contracts for the whole of our output for three years, we un- 6ertpking 70 give him a certain mini mum per Incntli Mfr Secretan vas very generous and offered us about thirteen and half cents for our cop per We had been getting eight cents and therefore ye proceeded to make , bargain with him. So. Of course. we commenced to sell copper at thir- l teen aud a half cents, and the Copper ! Queen debts began vanishing under those circumstances at a very rapid 1 rate, ! didn't know exactly where ii
 went to. but by the following year we were able to pay about a hundred thousand in dividends, and that was a large dividend. because we hadn't re
 ceived anything for about three or 1 four years, and under Mir. Secretan's
 regime that dividend increased to
 two and then to three hundred thous
 and dollars year, but it was after that considerably decreased when our production was very greatly diminish
 cd However. the Secretap syndicate
 SIS we called 1t, was a great impetus
 and from that time on we began pro
 duciug ten and twelve million pound: per year NoW for three years aft,a tlir il-til lt-aHtfaAAt1 va Aut-lia tAt " HUN
 Of the copper came rom the Atlantic ore boGy as We called it. that bod,
 waich dipped in the opposite direction l. from the original direction. because i clipped rather 10 the north whereas she other had dipped down towards the south. but there didn't prove t'
 be anything like as much orc bod! . as tho original Queen, but in 1886 following that same famous ''iittl, joker" which , was aiming at il | 1884. we came upon what has provec undoubtedly to be the largest con tinuous ore body thai we have eve found in the Arizona country. Th' siopes of this ore body fed the fur
 uaces for about three years. lpossi
 bIy ten or fifteen per cent Of the or' was mined from the Queenl an, came from no other source. Mean ? while. during those years We had found an ore body in the west end. s' , that by the time tle southwest stop' , was exhausted we were finding con siderable ere at greater deptf further to tie southwest. but by tha time an unfortunate change took D place in the character of tae ere. Sul , paur began coming in and our coppe : began to seriously defeTiorate, and 1 became extremely difficult to sell th' ? s6 per cent bar copper which VI r were taking out, but at that tini I rrcvidene-o ~auno a0sin fo our assist