Bisbee daily review., 1910-10-30
Directors Inspect Bonanza Mines .* .* .* .* .* &* .*
 Prior to Decision on Merger

INe feature this week in the Warren district was visit of the direoAsrs of the E .& A. and $. & Pttsburg Mining companies. This X ?. Mining companies. This party arrived on Thursday and was Briggs. James Hoatson. Thomas Hoatson Thos F. Cole and c d'Auter- mont. On Friday the under ground workings of the mines owned by the two companies were visited and on yesterday the party went to Doug las. accompanied by General Man. ager John Greenway. Mir. Cole and other members of the party will visit Cananea before returning to their lomes in Duluth and it is likely that some of the directors will inc.nde Courtland in their itin- erarx The property owned by the C. ( A. at courtland is not being worked at present The company did a large amount of work there during the past two years and in stalled a modern plant Ore ship ments were maintained for several months. President Briggs said yes terday that there was nothing to be said now concerning their intentions for the future at Courtland- Two watchnen to care for the prop rrty constitutes the present force there, i,
 Proposed Consolidation.
 President Briggs stated in reply to g question as to the proposed merging of the properties of the c. 6 A. and S. G P. he being pres ident of both, that the directors of the two companies were here gather ing definite and correct information about the condition and value of the two interests and that in the near future a merger proposition would be submitted to the stockhold- CTS for their approval or disap- proval The directorate fayors the consolidation and will endeavor 10 present an equitable basis for this. IL was learned yesterday that stock holders in Bisbee would be opposed to consolidation on basis of five shares of S. X P. to one of C. A. but it is only supposition that such basis would be proposed. The S. X P is a big favorite locally, not withsranding the heavy capitalization Of the company. It is expected that the exact terms of the proposed merger plan will be made known soon after the return of the direc- tors to Duluth.
 Business Looks Better.
 Mr. Cole was asked as to his opin- ion of the general industrial condi- ton of the country. being a man closey identified with many of the large industrial enterprises. He is inclined to be optimistic and said that conditions were growing better. In regard to the big copper merger which was talked of more than a year ago, he said that no one would doubt that if large percentage of the copper produced could be com bined it would result in increased stability Of the industry. Such g merger he said, would not have as its purpose the injury of any other class of industry, but would result il such regulation of product and oper' alton as would insure legitimate profit on investments in the copper industry. However the big merger proposition is now in abeyance await ing the determination of some lega matters. Such copper merger woulC put the copper industry on the sam' sound footing as the steel corpora tioh which came out of a like combi nation of interests .
 Mr. Cole declared that he wal glad to be back in Arizona again anC eviRced much interest in the prog Tess of the territory generally. askin; especially about the progress of az Ticultlrsi development He aske' about che progress of the mines a Tombstone and declared that tn brave and determined effort mad by the Tombstone Consolidated com pany deserved success which h sincerely hoped would be complete
 Hoatson Was Pioneer.
 Captain James Hoatson. who wa in poor health when he last visited Arizona two years ago. is now agail vigorous and strong with the eA ceptfon of a rheumatic twitch in hi leg occasionally. He was the pior eer of the Calumet & Arizona crow' in the Warren district, coming her su 1898 first when he secured oI ton on the original property takel over by him and his associate: Work was started by the c. & A company in the Warren district te years ago and since that the time has made a success, including tn Superior and Pittsburg which al tuaeted the attention of the col per world and which has hardly beet eduaYed ..