Bisbee daily review., 1910-07-14
x MINING, MARKETS, FINANCIAL x
MIR. powsLL's RESIGNATION.
CIron ore)

If Mir. L. w. Powell. who has
 managed the local affairs of the Calumet & Arizona and Superior X Pittsburg properties for the past sew
 eral years, has been releived by NIT.
 John C. Greenway, it is what he has been desiring for more than a year.
 Mir. Powell was sent to Bisbee to
 ,traighten out the affairs of the mines
 of the Bonanza Circle properties, so
 called. It was at a time when good
 brains were needed. There were con
 ditions there that never were printed in the annual statements of these com
 panies to their shareholders, and they
 were seriously threatening the very existense of these concerns. Things
 had gone badly. and there was need of some man who could straighten
 them out and win success from Sup erior & Pittsburg if such thing were
 possible physically.
 From the moment Mir. Powell step ped upon the ground there was a de cidedfv better feeling in the ranks of the labor of the place, and he soon
 prefedted an organization. harmoni- ous and full of accomplishments. Ihis
 was one of the things needed by the companies he was representing.
 There had been a woeful waste of money in certain lines, and there was a directorate not altogether sure that Superior & Pittsburg was worth while. We should say there was portion of the board that entertained this opinion, and this was supplement- ed by very general tone of dissatis- faction among the many sharehold- CTS of the company who had grown tired of waiting for results and who we're beginning to doubt that the mines of this organization really held any ore of merchantable size. Many reports were circulated to this effect. and not a few believed them.
 There had been a great task under taken in the unwatering of the Cal umet & Pittsburg branch of the com pany, money was being consumed in great sums to keep this work going. and there was fuel shortages and treighting troubles. and the air was charged with obstructions for the Lake Superior people whose money was in and who wanted something back. Mir. Powell got busy in all dir eetions. He straingtened out personal matters which were serious due to bad management on the part of those who had preceded him, he made friends of the people who could be of he marshaIled all his en. ergies in the proper spirit. and soon had things working smoothly. Then he went at the development of the claims of Superior & Pittsburg and found the ore he knew was there. cl
 Mr Powell has placed Superior & | Pittsburg on a paying basis even in | the face Of a metal market that is poor. He paid off an enorm- ous debt, brought the concern through | Its financial troubles, made every thing easy for the furture. and he | then asked to be relieved. he having accomplished the tasks he was en- | gagged to perform
 All this talk that there has been any friction between M.. Powell and 1, his companies is disgusting in the light of the facts. and we would not notice it were it not for the fact that certain papers that ought to be bet | .er posted have been reprinting the | de gossip that has been circulated. |
 NIT. Powell did a great work in Bis 'ee for the people whose case he went o put right. He deserves the greatest credit for all of the much he has lone He has made a fine success of he concerns he represented, and he !, win be wanted for big work in many | 'laces. He is a splendid organizer, a | 'ood miner, practical man of affairs. md one of the finest gentlemen we now.