Weekly journal-miner., 1912-11-27
COMPANY HAS NO STOCK ID PUT
 ON SALE
Gold Wire Concern Is Close Mining Cor
 poration
tFrom Tuesdays Daily.)

Inc pold wire Mining company
 which has just been organized by
 Yavapai county people, will soon be-
 gin operation in the Grown King
 District. and from the splendid char
 aoter of samples of orc exhibited
 by Al Foltz. one of the original
 owners of the property, it should
 make good Some of the ore is SO
 rich in gold that the wires which run through it do not allow it to
 break readily and the rock hangs
 together tenaciously. ..
 This rich orc comes in SO many
 forms on the Gold Wire property that the company feels sanguine of making big success. The gold
 wires arc seen in heavy lead ore, in copper sulphite, and among cop per carbonates as we'll as in the oxidized ores. Various parts of the vein show rock of different varieties. And all these varieties of vein mat ter have been found to be associated with the high grade gold ores some of which will run as high as ten thousand dollars 10 the ton. IL seems peculiar to find gold wires sticking out of ainty jasper. and short distance along the vein to find other fancy samples in soft porphyry. But this mingling of the values is seized upon by the mem bers of the company as a favorable indication for the finding of large bodies of good grade ores in the vein.
 Ore of all grades, except the best high grade samples, was shipped, which netted Sl45 per ton. and the values ran about equal in the three metals. gold, silver and copper. This is another mixture of naturalization which is taken to Dc indicative of permanency of vein and improve ment with depth in. development And aside from this, the property lies in we'll proven neighborhood. being very close to the Lincoln mine. and not far from the old Crown King mine which was a great producer of specimen ore in its palmy days.
 The company does not intend 10 start of with a hurrah, but will be- gin work after the first of the year when the own0s will be more at leasure 10 study carefully every move made. The company is al close corporation and no stock will be peddled as those interested in the will take all the. stock ne- cessary to operate the property for some time to come. The capital stock of the company is fifty. thou sand dollars. fully paid and non- sssessable, and the company will be kept on cash footing at all times. l No work will he permitted, unless l he cash is in the treasury of the to pay all bills that viil | De incurred in the operation of the property regardless of the outcome of developments at the mine, This reflects the sincerity of the, members l ,f the company and their faith in he merit of the property
 The organization of the Gold Wire Company on this careful and basis is an indication hat properties of merit are saiable md that there are people willing to operate such ground if given an op- to do SO on a basis that will give them an even break for he money invested.
 This company was organized through the agency of Eli S. Per sins who was formerly connected with the Journal Miner. and Mir. Perkins says that the company has good reason to expect success from Is operations, and he intends to be- .omc as heavily interested in it as possible. lA