The border vidette., 1912-09-28
WORLDS FAIR BONDED.
Copper Queen Closes Deal With Mir.
 and Mrs. Powers.

BiSbee, Ariz., Sept. 23.-In re
 cent days there has been nc
 mining deal and in past days few that could approach in import
 ance that which was closed in
 BiSbee last week after several
 days of negotiations when the
 Copper Queen Consolidated Min.
 ing company bonded the. World $
 Fair mine, of Frank Powers. 1 Neither party would give out in
 formation regarding the price,
 but from other sources it is. esti-
 mated that it was $500, ,OOO and
 that MT. Powers is to retain a
 S2CO, eco interestin the property | Coming so soon after the bonding
 of the Three R property for a half million it is certain to at tract much attention to the Pa tagonia district and the adjacent
 Harshaw district both of which
 are already in the lime light because of Three R deal and re-
 cent developments in both camps
 which indicate strongly that
 this may became a great copper
 district just as it once was d
 great silver district.
 Early last week MT. and Mrs.
 Frank Powers, accompanied by MeSSrS. NOtman and Hamilton of the Copper Queen company ar rived in Bisbee from Patagonia.
 After this there were frequent consultations in the offices of EllinWood and Ross, the compa- ny'S attorneys, up to Thursday evening. Friday morning Mir. and Mrs. Powers left for Pata- gOnia and it was inferred that the deal was either closed or off. Before leaving, the seller would say nothing of the deal for pu- blication so far as to it's closing merely remarking: You will have to see the other side for that" Later in the day it was learned from Walter Douglas, managet of the Phelps Dodge interests, that the bond had been signed but the consideration 1 that is involved was not men toned by him. He referred a of the Review to Mr. Powers for that information | and by that time the latter was well on his way to Patagonia | No secret is made of the fact, however, that the price of the | property is one of the largest | ever known in a sale in Arizona.
 No deep workings are to be found in either the Patagonia or the Harshaw districts. The mines were rich in silver and there have been many hundreds of thousands of dollars taken from these old mines than were ever put into their development. Re gently developments have indi- ,ated that with depth the silver can to copper and stories of narvelously rich ore in bonanza quantities came from the Three N property which is now ship ng. It is said that the pur- ;haSerS of that property are paying for the mine from it's out put and will require no outside capital or funds derived from other sources than ore sales to make their various payments.
 A recent visitor to the Worlds Fair property announces it a mine. He stated that here must be $1OO.OOO on the lump and that in the great va iety of formations on the prop ,rty there were ores Of many lifferent characters which in luded copper glance averaging ; 8 per cent and silver ore that ; will run 1900 to 1900 ounces in he ton. ,
 Between the Three R property nd the Worlds Fair is located : he Chief and another property {; which is taken over by Kansas Jity parties who are connected ( 7ith the Lucky Tiger interests f f the El Tigre company. W. H. Vorthington is developing these and spoke in glowing erms of the district on the oc- asion of his visit to Bisbee last 7eek. He firmly believes that t
 great copper camp will be pened there when explorations t depth has revealed real values.
 The old town of Patagonia is eginning to wake up. Nearly very day men with blankets nd packs leave the train at [ 'airbauk bound for Patagonia c he town now has population | f only about 25O. Over at liar