Arizona republican., 1912-01-26
KRUMb TALKS
 ABOUT COPPER
Engineer Whose Report Led to Formation of Inspi-
 ration Consolidation.
MORGAN INTERESTS
 RECOGNIZE MINING

Henry Krumb. mining engineer. is in Phoenix, having arrived from Cali fornia yesterday afternoon and stop ping over enroute t0 Ray, Arizona It was he who directed the samplins of tn Ray properties several years ago prior to active work being inauguratcI by the Ray Consolidated company
 IL was also the report of Mir Krumb. or rather the acceptance of his re- port. which was q great factor in mak- inS possible the Inspiration ConsDli- dated Copper company formed out of the Live Oak Development company and the Inspiration Copper company. Mir. krumb makes his headquarters at Salt Lake City but his activities are such that he has not been able to reach that point since last August
 The consolidation of the Gila county properties above referred to has here toforc been outlined but there is one featuN. of the new organization in which MT. Krumb finds a reason for being optimistic concerning the new porphyry copper industry. It is his opinion. due to the fact that the stock and bonds of the newly organized company were underwritten by the banking house of J. P. Morgan X Co that mining has been given a stamp of approval by conservative bankers. It is the first time the name of Morgan has been given publicity honestly with copper mining venture.
 Mining of low grade ore bodies is no longer q speculation. We can sample property where We find these flat deposits and ascertain almost to the ton how much ore is in the deposit and how many years it will require to work it. The result is." declared Mir Krumb. that low grade mining may now become practically a manufactur- ing business and consequently con- servative banking men are willing to put their money in
 What part of the west will reap the benefit from the situation" was asked of him last evening at the Adams
 Why for the present Arizona is get ting a big part. You know what the 1 Ray company means to Phoenix Well. ' just as great is the advantage to Globe | worked by the Inspiration Consoli- 1 dated Copper company A few more | such deposits as the two above men , tiCned and few more companies like | the two operating them taken together | with companies operating big vein l properties and Arizona will go forward | rapidly. And I predict that there will be other properties opened before |
  int the notion that mining copper is manufacturing business and it will be no time hardly that etreme prosperity will be with us in the mining indus try"
 Although MT. Krumb did not see fit 1 to discuss the fact there is another item of unusual interest and signifi- | canoe in connection with the forma- 1 tiOn of the newly organized Inspira- ton company. Its board of directors show a combination of the Rockefeller and the Morgan interests. William E. | Thompson. the president of the con- pany. is a Morgan man. but on the 1 board are William c. Rockefeller. John l D. Ryan ard Thomas F. Cole of the | Amalgamated group.
 MT. Krumb in appearance and con l vcrsation would not be easily picked | out as man who has made his suc- cess in the mining world. He is reti- ! cent in discussing the various mining | operations he has had to do with and | declares the statement that he is the | man who really fixes the selling value I m the stock market of mining shares l as pure flattery. He would rather dis i cuss the future of the mining industry | than himself. It is said of his. how ever. that he is the best known mining | engineer in the field today. and a | mining report signed by him is prob | ably regarded as highly in the Boston | copper market and in Wall Street by | investors as that Of any mining en- gineer in the United States.