Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1913-03-09

better line on some OF their property through Independent
operations thar would at the same time make the effort
worth the while of the leaSer
incorporation OF the Higgins lease started
during the week when the formal papers were forwarded
10 Phoenix The names of James LeSon and John NJ Nc
Gregor appear the papers these being abundanty for
the purpose until the further organization of those
cated with these well known Warren district men is
brought about capitalization is fixed at 1000 and par
value of the stock put 81 per share it is not deter
mined at what figure the stock will be offered nor how
much will be allotted the public but it is probable that il
will be sold at par and that than $4,000 shares
will be put Interest that evidence in the district
concerning the enterprise and the confidence that ex
pressed in the property indicate that whatever allotment
may be made will be quickly taken up.
MORE INDUSTRY For Bsbee Immediately will be
brought by operations on Higgins lease for it
considerable working force operating on the hill above
town his operating force under the plans entertained
will be going after practically in sight for it is I'M
derSood the leasers not going try for anything
except values in sight leaving the problematical value
copper in all likelihood in good pay quantities. future
time Ii may readily that the lease will be val
liable for copper contents but this is something for the
future develop So far The present eaSers ideas
concerned they propose after what they know they
have leaving the doubtful 1uany sense TO future
determination Following this line if is hard where
thew will get of with aught else than success
COPPER ON Higgins IS a point open to dispute, but
the fact present with that copper being
taken day from the end line of the Higgins tunnel
Those who have gone through Higgins tunnel carefully
agreed that there various points which halt
might have been made and prosecution for copper been
carried on with results in moderate LEAST
from the inception of any work that might have been
started along the leads that evidence and that in
wife exploration. The whole trouble looking back one
may be excused for believing existed in the fact that
the higgins operators were looking for too much all at
once-otherwiSe, that they not figuring makingI
small pay mine but were building everything big
mine. There may be big copper mine on HggnS-there
may be big leadsiver mine But if those investigating
the property dputng good money into the nveStiga
ton satisfied with small for the money they
of getting satisfactory results with the big
things still possible 1t is understood that is TO be the
policy of the easers at the present time TO get the small
things first and after the big if they deem such
course justified Later on.
WOLVERINE Is Shipping every day from its prop
ery from the end of the Hi ggins tunnel This is fact
that generally known about in the district he gen.
era impression has been that Wolverine interests have
been idle debating the leying of call on payments yet
due stock This far from true for the company is as
matter OF fact self staining basis from returns
for it is shipping. These returns small enough
it in camp of the proportions OF Bsbee and with
shipping output such has in the thousands OF tons
daily but nevertheless they highly credtaoe TO an OLD
time concern such the Wolverine and with the credit it
has due for sticking its property through all sorts
of weather. Time when the Wolverine was flush
and had bouvant place in the market then there came
time when it was hardly ecogniZable as the old ana
hopeful of former days il had hard times to deal
with that has kept head above water through all OF
this and is today shipping pay keeping an even keel
and little better on the expe account win SIX men al
work developing the property saving great deal IN
the way of high recommendation The Wolverine foiks
have il coming.
DEPTH AT WHICH W olverine is now working is
about feet below the surface They have lease EMIT
ling them TO operate through the Higgins tunnel into
their own ground They do nothing the way to their
property but Immediately they the line into their
ground they get busy result of which they have
been taking from their property about II tons OF ore
daily This runs the eighborhood OF II per cent
copper lead and ounces silver. OF course il pays,
r would pay considerabymore if the company should
be mined TO do away with hand mining strictly which
now follows but the sentative policy is still in tor