Arizona republican., 1911-06-02


 died before he got back from Denver Being convinced of the truth of these things, Mir. Young said it was up tC him to find out why MT. Hall wanted new and deep shaft. He secured the property and went to work in full faith that there was ample req son. Ten days ago he proved the facts to the satisfaction of himself and all others who have inspected it, and are skilled in mineral forma- tions. He says he knows now why Charlie Hall wanted a new shaft, just as well as though he were talking to him today. The ore is there Previously Mir. Hall had only worked his rich deposits and had not reached the point of real mining, though he took out a great deal of money
 Mir. Young went to work with a will as soon as he secured the prop erty and has kept large force of men busy ever since. Ten stamps of the old mill were put in good con- dition and started to running months ago. though they have not been op- erated regularly for various reasons, such as getting his water supply ar ranged for convenient handling, etc. He had for one thing to pump out the reserve in the big shaft to get to the bottom O it, and has spent thousands of dollars in just getting rid of water. of which there will be no scarcity when things are in order.
 Another ten stamps of the old mill will be ready for use in very short time and the first ten are now ham mering away in 24hour shifts. The mine is now making money. but not as fast as it ought to. merely from lack of reduction facilities. It needs more stamps and cyanide plant. and will havethem eventually, wheth- CT this deal goes through or not. MT. Young says he has been sweat ing blood for a year. but feels bet ter right now than he ever did in his life. for he has proved everything and thinks he is in a position to take care of himself
 The property is now well known among mining men and is attracting much attention among the engineers. Last week an eminent engineer repre- senting large eastern interests. the identity of which he does not care to reveal. exported the property and made an offer of s5O,O00 for a third interest. The plan was for Mir. Young to retain control. the money to be used in the erection of a new and larger reduction plant. It is this deal that is still pending, efforts be- ing made to get together on details.
 The property is well worth a new and a large plant. providing it is equipped with a cyanide process. MT. Hall in his operations paid no atten- tion to anything but the high grade ore. There was plenty of that and in those days there was no cheap me thod available for the working of the medium and lower grade ore. even had Mir. Hall desired to do so.
 The project of the Mammoth is a fine illustration of legitimate mining Mir. Young bought the property him self and has financed it himself thus far. It is capitalized for s750.000 at s10 a share, the stock bieng now valued at B. but only three or four thousand shares of it are out and most of that Is to personal friends or gift stock, so he has the absolute dictation in matters of management He has taken the risk himself and has things so situated that in the event of q loss or failure. he is the principal one who will be stung.
 MT. Youngs methods of mining are highly commendable, and because he has taken hold so fearlessly and risk ed his own money and his own credit, he has the good wishes of all and has also made something of a name for himself among the mining He has brought a great deal more money into the country than he has taken out of it thus far. but he has aith to believe that his good day is coming
 In 1907, when the panic was on he kept in operation the only develop ment camp in Yavapai county and carried the burden practically on his own shoulders. Since coming to Phoenix as territorial secretary and since purchasing the Mammoth mine he has pursued the same tactics and has been much complimented by en- gineers as we'll as by financiers and the general public in so far as it has been advised of his operations Whether this deal goes through or not. Mir Young says the comments of the men he has been dealing with have been most flattering and he feels greatly complimented by their report upon his property.