Bisbee daily review., 1910-03-24

carry native copper in such quantities as to cause excitement among those | who were conversant with big values The banning also showed what at | first was pronounced by all as an iron metal through its resemblance to hat | family of mineral But later this was proven to be nothing more nor less | than copper glance. This demonstra- l tion of that mineral being present | intensified the situation all the more. l and keen interest was shown from that time on, when a round of shots exposed a body of four feet of a red ! copper and copper glance product. Not an ounce of waste was shown from these shots Further drilling was carried on and one more round Of shots has been fired. showing nine feet of ore of the same character. no sign of getting through it One more round of shots was to have been fired last n ght. and the purpose is 10 con unue exploitation until the extent of the deposit is determined.
 For three years, under the personal direction of J. J. Fisher, the general manager of the company. the work has progressed earnestly and practi- cally. Development has been at times suspended. owing 10 embarrassing f. nancial conditions, but these, fortu- ateiy. have not seriously interferred with the plan outlined and supported l by Mir. Fisher and the many in this l city and elsewhere who were conyer- sant with the possibilities of the en- terpTise. A few months ago it was evident that minersiogical conditions were ind catiye of the successful out l come of tne development, and from the renewed interest felt in the enter prise, backed by ample finances. the success of the enterprise is all the more significant of the merit of the enterprise from beginning to end.
 The Uni,ed Verde Extension peo- pie own five claims. The Little Daisy. 1 through which this gigantic discovery was made, was originally located by MT. Fisher. It was on this ground where the first pick was struck into the earth and as a matter Of justice to the man, Mir. Fisher must be given the credit for the strike being aided in his plan of opening up the property by the advice of Major P-ckereu and John S. Reilly
 The eompauy's properties are To- cated on the east side lines Of the United Verde, and from the main-shaft of the later to the main shaft of the Little Daisy, through which the strike was made, the distance is aboutle0O feet The United Verde is situated at higher elevation. owing to he con i tour of the country. while the Little Daisy shaft is in a deep guleh be- 1 low. that passes through inc city of Jerome The company owns a group of five mines. all under United States ] patent In order to facilitate development. {; and to reduce to the minimum the cost of handling the ground, electrical equipment was recently placed on the property.
 1 Mr Fisher returned a few weeks ago from the eas- on matter Of vital interest to his company, and during his visit successfully arranged for the financing Of the enterprise. The i strike taking place so soon after the
 termination of that trip. only the
 more conclusively proves the deep interest that has attended further de-
 velopment and substantiates .he wis dom of the investment.
 A few days ago or practically at
 the time the strike was known. &
 block of this stock was acquired by telegraph from a resident of the city. at price below par value. the pur-
 chaser residing in an eastern city.
 The Prescott seller was advised to hold his interest. from Jerome and
 was about 10 conceI the contract.
 when the banking house paying ihe
 money. concluded the transaction for
 it's client, and refused a few minutes
 thereafter to return the stock. al.
 though the one disposing Of t earn
 estly asked for is return for the
 price he received
 Inquiries are coming to this city
 and other places for sellers. but in
 this the market is closed. and none
 are willing to let go. even at an ad-
 vance of double the price over the par value of their interests.
 Hundreds of .elegrams are coming
 Into the ctiy and as many are going out, the news of the strike reaching all mining financial centers of the
 try.