Arizona republican., 1911-02-02
SERIOUS FUR
 TOMBSTONE Shutdown Of l. |. M. Is Hard
 0n the Town
 LETTER FROM MIR. MURPHY Reports of Development of Globe Mines Satisfactory Sale of Gold Road Property Now Assured Ray Central Activity.
LETTER FROM MR. MURPHY

The shutting down of the mines of the Tombstone Consolidated Mining company promises to cause consider able more trouble than was at first an- ticipated. says Tombstone dispatch. It means not only throwing a number of men out of employment, but also the cutting off of the water supply of the Tombstone Improvement company so that it will cause a number of parties to obtain water from the Huachuca Water company. whose supply is at present very limited. The gas company will be unable to obtain water suffi- cient to operate and the closing down of the plant leaves the city without any lights. as the electric plant was closed several weeks ago.
 Stockholders of the Tombstone Con- solidated Mines company have received letter from President F. M. Murphy ,ac- companying the annual reports of the general manager, superintendent and treasurer MT. Murphy urges the stock holders to subscribe for the collateral trust notes of the Development com pany of America, the parent organiza ton. He says:
 'I was in hopes that the very liberal offer of the Development company of America would be fully appreciated by stock and bOndholders to the extent of influencing them to send in subscrip- tions for Development company col- lateral notes. l am sorry to have to say. however. that up to the present time as favorable response as was ex- pected, and as conditions would seem to fully warrant, has not been received and it becomes necessary fo-eme to again call the attention of stock and bondhOlders to the fact that unless funds are made available either through the opportunity offered by the Development Company O. America or some other not now apparent, with which to protect the company's proper ty. and, if you please, carry on a req sonable amount of development work operations win have to come to a close to be followed by liquidation. which would. as l believe. result in almost total loss to those who have invested in this great enterprise. From such information as I have been able to gather, relating to what has been ac- complished thus far. present conditions of the mines, the result of several years of extreme effort on the part of those in charge, involving the expenditure of many millions of dollars. l cannot help but reach the conclusion that it would be little short of a crime if you permit your valuable property to be abandoned at this time for the want of a few hundred thousand dollars to finish the great work that has been so peresistently carried on under the greatest difficulties ever carried on in mining. I am pleased to be able to re- port that the principal physical diff culties have been overcome. leaving but few thousand feet of develop ment work to be done to demonstrate beyond a question that you have one of the most valuable mining properties in the entire country or that the judg- ment of mining engineers and geolo- gists of the very highest standing. and upon which we have been depending. has not been in error'