Arizona republican., 1910-08-12
JUAA|TA MINING CO.'S.
 PLAN 0F FINANCING
A Mining Project Managed by Local Men That Is Quietly, But
 Surely Moving Along.

More or less local interest has al- ways been taken in the operations of the Juanita Mining and Milling company for the reason that most of it's officers and directors are Phoenix men of high standing. The property thus far has seemed to merit their faith in it, and the honesty of their exploitation has never been ques- toned For five years the property. which is situated in Yavapai county. has been under development with flattering results The company has no debts, it's officers receive no sal aries, and there is still in the treas ury nearly third of its capital stock of $1, 800, 900 shares, par value $l Par ticular interest is being taken Tn the project now through the launching or a rather novel plan for financing the company sufficiently to carry its op- erations to a dividend producing ba- sis.
 The superintendent reports that on July l there were 956 tons of ore on the five dumps of the property ana 2l 13O tons of ore in sight. The camp eouipment includes 25-hp. hoist, whim. blacksmith shop. 4O-hp. boiler hoist and boiler building. camp build ing. camp buildings for 25 men. roads. pipe lines, etc. But with all this the company does not cohtehd that if vet has a developed mine. only that if is q proved mine. having passed beyond the prospect stage. The plan is now to raise suftlcleht money to develop it to point where the ore bodies will sustain a mn oi from 50 to 100 tons capacity per uay' erect the mill and put 1t Tn coilliiiis- sion. To that end the superlnten- dent has made an estimate which IS checked by the consulting engineer to the effect that it will require about 2.2OO feet of further development work in the various shafts, drifts and crosscuts at an expenditure of about s25 OoO which. with the installation of the mill desired and all the accom- panying machinery and equipment will bring the total cost of putting the mine on a profit taking basis at $6S. GOO.
 This is preliminary, to explaining why the company thinks it's 200 stock holders will be able to do their own financing, though stock sales are not limited to stockholders; the latter are merely the preferred class, as the company wants them to have the benefit of the plan which it believes will be profitable to those who par ticipate And this is the plan: Three hundred thousand shares have been set apart for the raising of the needed money. to be sold at 90 cents share If all sold at that price the reader will note that more than twice as much money as will be needed would be raised. But it is the hope of the company that enough money will be raised before the stock is paid for at that figure The stock will be sold on deferred payments. the initial pay ments being five cents share No more payments will be demanded un- til the entire 3OO.OO0 shares have been disposed of.
 Thirty days after the full stock is sue is sold, there will be a demand for another payment of ten cents share. If necessary another payment will be called for six months later. etc. but an excess of a total of 30 cents a share will never be demanded, and as soon as the company has the money necessary for the work contem- plated. it will declare the stock paid for and stop collections. The hope or the management is that all subscrib- CTS will get their stock at not to ex- ceed 35 cents a share.