The Prescott daily news., 1909-01-28
GREAT ACTIVITY
 TO BEGIN SOON
Movements Being Made Toward. the De- velOpment of the Nearby Dia-
 mOnd Fields at Once.

cult tlllS, CuS illCcI lO tlle OLdIk Diamond Mines Corporation, has just returned from a six weeks trip through California, and Mex ioo, in connection with the plac- ing of a large portion of the working capital of his company.
 He informs us that great in terest was taken by mining men, and others in the diamond dis cOveries in Pike county, and that two representatives of Los Angeles capitalists, one an ex- perienced South African hiam- ond expert will shortly visit the diamond fields to personally in vestigate the different mines. and examine the business condi- tiOns with a view of investing heavily if satisfied.
 From the City of Mexico, the consulting. engineer of one of the largest English mining corpora tions will also be sent on lhere to examine the Ozark Company's mines. This gentleman is also from South Africa, having been engaged on the Jagersfontein, and Premier mines of that coun try for many years.
 It is gratifying to learn that influential and experienced min ing men are to examine the diam ond mines, as it means world wide publicity, and probable development of an immense in dustry, which must benefit Pres colt, the nearest town on the Iron Mountain, as we will short ly have direct connection via the Prescott& Northwestern rail- road.
 Four strong companies, each with a wealthy and influential directorate are now operating in Pike county,
 The original company, the Ar kansas Diamond Mining Co, of Little Rock, capital $1,OOO,OOO of which S2OO,OOO, treasury stock has been placed at par, is managed by Mir. John T. Fuller, recently manager of the Du Toits Pan mines of the De Beers Co.,, South Africa He estimates that this property will be, at least, as good as the JagersfOntein mine, 13 carats per 100 loads Operations on a large scale arc to be at once commenced.
 The Ozark Diamond Mines Corporation of Little Rock, cap ital S1, 1,5OO,OOO, was organized on the 17th inst, $5OO,0OO is treas ury stock, of which S3OO,OOO is to be offered for subscription at 90 per cent of par value.
 This company owns a portion of the Arkansas company's pipe and a second pipe of unknown area, one-half miles east, which has a width Of 1900 feet. and also the diam ond rights over SO,OOO acres of ground in Pike county. Mir. Wood ford, for 30 years in South Af- rica, well-known diamond mines expert is consulting engin- eer. This is the largest company yet organized, and its immense area renders it an important company.
 Influential Chicago capitalists, including G. B. Harris, president of the Chicago Quincy & Burl- ington railroad, s. C. Scotten, and J. G. Snydacker Of the same firm, Frank Deming of Deming, Gould & Co.,, Chicago. and James J. Hill president of the Great Northern railroad, are actively developing a large area of ground on which diamond bearing rock has been found about one mile northeast of the first dircoveries.
 Mir. Austin Q. Miller an exper- fenced diamond miner is in charge of the property.
 The American Diamond Mining Co.,, was organized on the 26th inst with S1, 100000 capital. The includes Wm Gray son and N. w. Mcleod of the Grayson and Mcleod Lumber Co.,, of St.. Louis, Mo, the larg- est lumber company and land owners in Arkansas.
 Work has been carried on for some time on their property. A large area of diamond rock has been exposed, and diamonds found.
 All three companies are in strong hands, and as new dis coveries are reported daily, it is possible that the diamond area oc I)iko 1.aan.tr will nrQNn Qf inn