Bisbee daily review., 1910-01-23
TAXES LARGE CASH SUPPLY
 ID DEVELOP
Horace Stevens Says a Million
 or Two Has to Be Spent in| Lake Superior District to
 Get Results.

| BOSTON. Jan. 22.-Horaee J. S,ev.
 ens of Houghton. Mich. now in Bos. con says:
 Tn the present copper boom tue
 Lake Superior district is engagin., more attention than for perhaps 70
 years past. Ontonagon sodnt. ,.
 which was very unpopular with both investors and specuiators for many
 years. seems to be coming into it's own again. tue primarily to the phe. nomenal showing at the Lake mine, aided by the rich conglomerate dIli core recently secured at the Indiana ''It should be borne in mind that if all the work done in actual mining | i two generations past in the Lake i Superior district had been devoted solely to exploration. the distrio. would not yet be prospected. in many respects the Lake Superior copper field is the greatest mineral field in the world. There is nc other mining district that begins to com pare with the Lake Superior field in the number and size of possible ore bodies.
 ''In a crcss section of the Kewee- naw trap belt of the Lake Superior district. there are approximately 300 trap beds-old lava flows, each tf which has an immense amygdaloida. upper portion, commonly called 'amys daioid in the Lake district In addi- ton there are about % intercalated beds of congicmerate yielding total Of upwards of 800 amygdaloid and conglomerate stratified beds any ,iue or which may carry copper in workS- be quantities at some point.
 .'It is for this reason that the gralid- children of the present generation will be exploring the Laxe Superior district and finding new mines in old properties It is because of this succession of strata that il has been possible to make the most successful mines of tue past decade from prop critics thoroughly discredited in the past
 The Lake mine, now the sensa- tional Lake Superior succet', was one of the greatests failures ever known less than thirt wears age, when in the hands of an Englisl company. The Ahmeek was a dis credited prospect for a generation.
 'The Centennial mine was a fail ure on the Calumet congiomerate. and not a success on the Osceola amygdaloid, yet is doing fairly well on the Kearsage amygdaloid
 "It should be borne in mind, espe- cially by some of the noviees in cop per mining speculation and invest ment. that it requires an average ot about five years and an average oi al leasts sl.00O,e90 to make a pront- able mine in the Lake district. 't freauentIy is the case that $2,000.5hV is required instead of Sl.000.0oo. and it unfortunately happens at times that s2. .900, 900 honestly expended. fails 70 make g paying mine.
 Comparing the present copper eN- citement with the great copper boom Iof II years ago. the most impressive fact is the very great increase in pub lie interest. There are 10 people n the United States interested in cop per shares today where there was one eleven years aga
 "As to the future course of the cop per market. believe that the metsi situation is fundamentally sound, and look for much better conditions in the copper trade for several years io come than have existed for thr9e rears past 4
 As 10 the market situation. be- lieve that higher prices are inevitable and the poorer stocks will be taKel a-ong with the good ones. but the n12a xhf, buys in a copper boom only uch stocks as he is willing to cary on the down turn in case he over stays the market is the man who VII be safe .whiie the chap who is cansn- with a menagerie on his hands tn the breax that must come inevitably at some time will find trouble. as ever before. in disposing of his eats ana dogs
 ~I have advised my friends among the Boston brokerage firms to deman2 and exact increased margins Theis customers will rise and call then Ressed for SO doing"