The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-02-28
RAISED BIG FUND.
One of the Biggest Stock Issues
Ever Sold in Topeka.
Has just Been Closed by G. E.
FOOte & Co.
FINANCED IN TOPEKA.
Mills for Arizona Southwestern
Copper Mining Company
VIII Be Built at Once and Mine
Will Be Rapidly Developed.
FINANCED IN TOPEKA.

A syndicate has been organized and
the capital sock of 100000 has BEEN
raised to finance the development of
the Hoffman" copper mine in Mohave
county, Arizona, the firm of G. E. Foote
&, Co. of Topeka handled the promotion
OF the proposition.
Work will be begun Immediately to
construct the necessary mills, roadways
and other necessary equipment TO
bring the wonderful copper, gold and
silver quartz to the surface and ready
for market.
one not connected with the financ-
ing of the syndicate will fully appre-
ciate the effort necessary to push the
big deal through and secure the neces-
sary financial aid to develop a mine
in the heart of the mountains and
hundreds of miles away. Those who
have had the pleasure to meet Judge
c. e. Foote today must not blame the
worthy gentleman for feeling highly
elated in successfully soliciting the as
sistance of the most prominent and
successful people of the city and the
state in the organizing of the syndi-
cate.
sThis task of raising 100000 was the
biggest l have ever undertaken" said
Judge Foote this morning when
State Journal representative rudely in
terrupted his morning rest. But the
effort is well repaid. 1 am proud of the
class of people who became interested
in this proposition and l am proud OF
the brilliant prospects of the mine. For
three years the Hoffmans of Enter
prise, Kansas, have been digging away
on their claim in Arizona until they dis
closed one of the greatest gold-s1IVer-
copper assure veins ever operated. MT.
C. j. Price. of Topeka, the expert MIN
ing engineer, made careful 1nspec-
ton of the Hoffman mine, showed the
vein to average 40 feet in width, two
miles long and depth unknown.
In his report which is always on
the conservative side of any mining
proposition, he assured the Hoffman
people and those interested in the deal
that the property will develop into one
of the greatest producers in the cop
per belt Conservative mining men es-
innate that the amount OF copper ana
gold quartz now developed and in
sight, at 1000. 900 tons and when mill
ed and marketed will net the in
vestors $40 a ton or S15,0OO,OOO.
when the best people of the city
and state went out there and invest!-
gated the conditions for themselves IT
was no trouble to get them interested
in the proposition The men at the
head of the syndicate have convinced
every investor of their ability and in
tegrity and only success remains TO
those who, after rigid investigation,
took advantage of the opportunity to
get into the real mining proposition
Yes, there were those who hesitated,
there were those who always would
have made investments if financial
conditions We're right but the syndicate
is closed now and the only opportunity
left for the purchase of any of the
stock is the last little block issued to
build miners homes, establish tele-
phone lines and a commissary.
The closing of this matter has been
left entirely with Judge G. E. Foole
and his company and those who were
overlooked who have little spare
money to invest in what is predicted to
be one of the big mining companies of
the country should communicate with
him Immediately as the stock of the
company will show a strong increase
in value within the year.