Arizona republican., 1910-10-15
RECEIVER
APPOINTED
Latest Turn in Affairs Of
Octave Mining Co.
JOHN 4. PAGE IS NAMED
Facts Leading to the Re
ceivership, Which Was
Applied For by the Cred
itors, Are Not Yet Known
Here.
JOHN 4. PAGE IS NAMED


Judge F. NJ. Doe on Wednesday, Octo-
Der II, in the district court In Pres
colt, appointed John H. Page of this
city receiver of the octave Mining
company. whose properties are at Oc-
tave, Yavapai county, a few miles
east of Congress Junction. Applica-
tion for the appointment of receiver
was made in behalf of the creditors,
by Attorney E S. Clark of Prescott, ].
E Russell of Prescott being counsel
for the company.
An effort was made last night to
learn more of the details of the case
from Receiver Page. but he said he
had not yet seen any of the papers in
connection with IT, could not tell who
the principle creditors are, or whether
they are residents of Arizona or else
where. He simply knew that the ac-
tion had been contemplated and 1t had
been intimated to him that he might
be called upon to serve as receiver.
Further than that he could say moth
ing because he was not advised of the
facts.
1t is known here that a suit was filed
in the district court in this county two
or three days ago by /. E. Huffman
against the Central Arizona Electric
company for the collection of six prom
issory notes Of $1,000 each that had
been assigned to the plaintiff. It is al
so known that the Central Arizona
Electric company is the corporation
that constructed an electric plant at
Wickenburg a year or so ago, designed
to light that city and TO transmit power
to the Octave mine. 1t is known that
this company and the octave Mining
company had mutual interests, a sort
of a working connection, and it is sup
posed that the electric company was
subsidiary organization of the mining
company. What connection there may
be between them in respect of the re-
ceivership, if any, has not yet been
learned. tr..
The Octave Mining company ac-
quired the Octave mine and it's equip
ment in 1906 from the Octave Gold
Mining company, one or more of the
promoters of the Octave Mining COM
pany having also been largely interest
ed in the former company. Some new
machinery was installed, and the mill
which had been closed down for
time. was remodeled and equipped for
operation and for a time produced
considerable gold. During the last
year, however, there has been no pro-
duction, but during 1908 the mill pro-
duced 5,404 ounces of gold, 5,411
of lead and 1852 pounds of iron, as
shown by the company's report to the
territorial auditor.
One of the first undertakings of the
new company, or those associated with
it, according to the best recollection,
was the encouragement Of the building
of the electric plant at Wickenburg.
Whether this was a project of the
or whether the company
merely agreed to become a consumer
of power, could not be learned last
night Anyhow the plant was con-
structed, but for some reason was new
er extensively operated. The theory of
it was that power could be developed
at Wickenburg and transmitted to Oc-
tave by wire, more cheaply than fuel
could be secured at Octave, and incl
dentally the town of Wickenburg could
enjoy the use of a well equipped light
ing plant.
toric properties of Arizona; that is one
of the modern historic properties, as it
reached it's pinnacle Of fame about the
turning of the century, or soon there
after. The mine was opened up in the
later COS and acquired by the Octave
Gold Mining company, which was COM
posed in part of men interested in
Standard Oil. The company further
developed it, equipped it with modern
of a comfortable sort, for its
employees, creating what was known as
the new town as distinguished from the
nearby Mexican settlement. For few
years it was a large producer of gold
and was known at one time as among
the largest and most productive of the
Arizona mines. Why it was closed
down is not recalled, though the usual
stories were circulated that the rich
ore deposits had failed However, the
succeeding company satisfied itself Of
new and additional ore bodies, the ex-
ploitation of which was undertaken on
a large scale. Considerable gold was
taken from the mine, but why opera
tions ceased has never been given wide
if the facts have been made
public at all 1t is reported that the
ore recently worked carried an aver
age value of about $s per ton, which
though comparatively low grade is re-
garded as good working value if opera
tions are on the scale of large tonnage.