Weekly journal-miner., 1910-01-19
VERDE COMPANY WILL
 EXTEND BIG SUM

In the light of all the official in- formation that is coming to hand from day to day it can be said without fear of contradiction that Arizona has made a remarkable record during 1909 in connection with the development of her mineral resources, says the Commercial and Financial World.
 Many strong and well equipped or ganizations, with abundant expert ence, have recently entered the field, having identified with them repre- sentative eastern business men, who are attacking the problems involved in a thoroughly systematic, up-to-date and business like way, and who have before them prospects for the fu- ture that leave nothing to be de- sired.
 Among other properties in regard to which large expectations are enter tained is that of the United Verde Extension Mining company of Jerome, Ariz., some interesting details in re- gard to which are now at hand.
 This company was organized under the laws of the state of Maine in 1902, with a capital of S3,OOO,OO0, divided into SOO,OOO shares, of the par value of $1O each.
 The new stock is to be placed in the treasury, and used for the pur- pose of raising funds to carry on the development work, etc.
 This property is located in Jerome Ariz., immediately adjoining the United Verde mine, belonging to Sen ator Clark. It has an area of about seventy-fve acres. The company owns the property in fee, and it is under United States patents.
 The development work consists of shaft 500 feet in depth, and 2,00C feet of development work on the 500 foot level. On this level the ore channel was opened to a distance of about $50 feet, and the hanging wall was not encountered. Three ribs of ore, averaging over four feet in width, carrying gold, silver and copper values (the copper aver. aging over , per cent), were opened up on this level.
 To develop these ribs of ore, a winze was sunk from the 500 foot level to a perpendicular depth of 100 feet, and crosscutting has just been started, and MT. Fishers advices are very encouraging.
 Mir. J. J. Fisher, United States deputy mineral surveyor of Yavapai county, Arizona, has charge of the work for upwards of three years, and is one of the company's largest stock holders.
 Mir. Fisher is assisted in the tech nical part of the work by MT. A. J. Pickrell, who is one of the Phelps Dodge & Company's mining superin- tendents, and who is a large stock holder in the company; and also by Mir. John Reilly, a very successful mine owner of Arizona.
 MT. c. c. Burger, one of the di- rectors, acts as consulting mine en- gineer for the company.
 The officers of the company are Dr. Frederick FarnswOrth, New Lon don, Conn.,, president; and MT. L. E. Whicher, III Broadway, New York City, secretary and treasurer. These gentlemen, with Messrs. Chas. E. Ball, 111 Broadway, New York City; C. c. Burger, T Broadway, New York City; and J. J. Fisher, Prescott, Ari- zona, constitute the board of diree- tors.
 All of these gentlemen are very well known in financial and business circles. MT. L. E. Whieher, the sec. retar wand treasurer, is a member of the well known New York Stock Ex change house of Ball & Whicher of III Broadway.
 Altogether, this is an undertaking which has before it most gratifying prospects for the future.