Bisbee daily review., 1911-04-05
MURPHY ENCOURAGES
 TOMBSTONE PEOPLE
Belief General That the Mines Tho~e May Resume
 Before Long
Toa3aloaa FrosI ect5t3

H't-.a"-H A AN.sni N.A1'i ff
 aa Trana M Murphy president ,t tle Development Company Of auer.aa and president of the
 ono Consolidated Mines com
 any, arrived last evening in his
 c.r rom his hone in Pres ,o and recently direct rom New York
 when seen by a Frospcc re- fC-e Mir Murphy appeared enjoy ing ooG health and iH TO less de gree was manifested the spirit of Con a.iv and optimistic nature char .c crls. lc 0f this we'll known Ari- zona mining man and railroad builder
 rcsileal Murphy when ques- Geaed with reference 70 the local
 -la lon. spoke freely and candidly cI he affairs of the T. C. M. com FaHy. He recounted the history of the early organization the trials and
 lass nate accidents; costly mis- lasca and attendant Contributary rluuia.cns which bcsct the manage u.ent. .bc meanwhile involving 1inan- ,ai obiga ions which were re 0 Utely
 et gv the parent company until the le.-. .a--.el- Company Ci America .a anceL to the local company over Sl5000go IT. addition to this the outstanding creditors, including -cCai labor Hens, represent SiT5,0)0 and iu view of the fact that the larger creditor althougn in the eX- act relation Of lender, has evinced ID disposition to crowd payment the si.uatiCu is made mauifestly easier t1 effect plans for an amicable ad jUstment of the entire indebtedness | and thereby reOrganize the finances ol the company and permit complet- ion of set plans which will carry to ui.lr.ata success the development of the Tombstone district
 The reorganization, or rather plans for retiring the entire indebted ness through securities and negoi- a,eabic collateral is now under con sideration in New York. The out look is favorable enough to warrant the hope that within 90 days def nite arrangements will have been ef- fected to enable us to see over ob- stacIes ahead and, once this is settled, resumption of work will be an early cousUmation- The delay is but tenn Eorary" said Mir Murphy.
 With reference to provisions for tue labor liens filed AIr. Murphy cuphaticaliy declared the miners would not lose their money. the lien being absolute security and this knowledge is one of file potent anJ hasteniuG factors in bringing about financial arrangements Tor redemp- ton of the entire situation. Per. haps 90 or 60 days will See this cleared up" said Mr Murphy, whose anxiety to have this met at earliest possible time was of deep concern.
 Mir Murphy's confidence in the Tombstone district is not shaken and despite adverse circumstances which have overtaken the company, is mos hopeful and sincere of ultimate fru- iiion Of this great enterprise, which would appear to have been at the very Tortals of q successful and won derous mining hope when overtaken by a fateful turn that has delayed, temporarily, the consummation of the most favored expectations of its prCmCters-a sentiment that finds re- sponse among the old-time residents here, familiar with the mineral pos abilities of the district
 Mr Murphy, after attending the di- rectors meeting here will go to Tue son to look after the Port Lobos rail- road in which he is one of the leading spirits, and thence return to New York to further the Tombstone plans.