Weekly journal-miner. [volume] (Prescott, Ariz.) 1908-1929, 1911-06-28

Mines company PAID another ulNloehn
to its stockholders, dispursing about
$4,000 in a four per cent dividend.
This is the largest disbursement since
the company was incorporated and
shows the big earning capacity Of the
mine. II has enough ore in sight 90
pay dividend Of four per cent per
month for more than a year and the
new ore that is being opened on the
$50 level indicates that the property
will become one Of the largest divi-
dend payers in the territory. II Is
said that the ore now being opened
on that level is larger and better
than anything heretofore opened In
the property.
Big Payment.
This week the Frisco Mines and
Power Company made another pay.
mcnt of 10000 on the purchase price
of that property, a total payment to
date of $4,000. The payment goes
TO the estate of W. Il. Sauls and o.
d. NJ. Gaddis, the former owners Of
the Gold Crown mines. The mines
originally were sold for $4,000, and
$4,000 yet remains unpaid. II is
expected that the whole Of the un.
paid portion Of the purchase price
will be made during the year.
The company has proven to its en-.
tire satisfaction that IL has one Of
the great mines Of the territory and
will soon have the property in shape
to make large output Of bullion
monthly. The ore in sight is said
10 have n value Of more than 49,.
100000. The milling plant is to be
reinforced by ten stamps, which will
bring the crushing capacity up TO rs
tons daily. With the addition of the
Burns ranch water, the plant will be
well supplied, making it possible TO
handle tonnage Of more than 200
tons daily, and AS soon as possible the
mill will he brought to that capacity.
Owing To the great size of the vein
(from 32 TO o. feet) mining can be
carried on at small expense.
James A. Roberts, Of New York,
is the managing director of the com.
pany, +. II. Barton, consulting en-.
gineer aud Howard W. Squires, u.
perintendent of the property.
time
Company Organised.
This week we are publishing ar.
ticles Of incorporation of the Bell
Rural Mining Company, u corpora.
ton organized by Springfield, HIN.
OILS, people 10 take over the Sabbath
Bell and Rural mines, at Mineral
Park, from +. +. Thompson and John
Boyle, Jr., The company is capitalized
ut one million one dollar shares. The
mines TO be taken over and worked
by the corporation are among the
best In the Mineral Park basin and
are sure to give good results. The
Rural produced a large tonnage of
the richest ore ever taken from
mine in this county and only needs
a small amount Of development work
to bring IL into the producing class
again. The Sabbath Bell shows
splendid vein of good grade ore and
is situated in the best mineralized
section Of the district. The new com.
pany is financially able to put the
mines in producing shape. Work will
soon be under way at the mines un-
der the management Of an able min.
ing engineer.
oydopic Sold.
Last Tuesday 3. G. Bagg passed
through Kingman from the Cyclopie
mines, in the Gold Basin district, on
his way to Los Angeles, where he
will make his home. He had been
three years at the Cyclopic mines
working hard 20 make the property
"a dividend payer, and never got NJ
FAR as Kingman during that time.
The new company made large cash
payment ON the property and believe
they have winner.
During the time Mr.. Bagg has been
at the mine he cleaned up more than
$4,000 from the milling plant, which
practically paid all his expenses.
II Is understood that the new com.
pany will develop the mine to large
extent and then put in IN adequate
milling plant TO handle the ore. The
mine at present Is capable OF fur.
nishing = large tonnage Of ore Of an
Exceptionally high grade.
1asA 1rili 3 saccsD.
The past ten days the Ruth mill
has bssn trying out lie masLinssy
and testing the merit Of IL new