Bisbee daily review., 1914-07-09
TOMBSTONE
 CON. BID IS
 ACCEPTED.
Final Papers Ordered Made Out Yesterday, Under Which Wal
 ter Douglas Becomes Owner of the Properties; Good Price.
Dr. Grebe Will be Superintendent;
 Small Force to Be Employed
 at Beginning of Operations;
 Tombstone EIated Over News.

Tombstone Consolidated Mining Co. properties at Tombstone yesterday passed formally to the hands of Wal ter Douglas. whose bid of S5OO,OOO was ordered accepted. It has been understood that Mir. Douglas made the purchase for the Phelps-Dodge Co.,, of which he is general manager. in which event there will be asubsequent trans fer of title.
 The latter was ordered prepared yesterday and delivered to Mir. Doug las. The order came from Daniel MacFairland receiver, and A. l.. Grow, trustee in bankrupcy, who have had charge of the proceedings in their ilengthy and intricate windings through the courts.
 It was announced yesterday at the offices of Mir Douglas that Dr Emil Grebe would be in charge Gt Tomb stone as superintendent of the proper ties His first assistant will be John Davis Both gentlemen have long been associated with the geological and engineering division of the Cop per Queen and Phelps-Dodge in the district. at Globe and elsewhere. Dr Grebe is conceded one of the very best informed persons in the west as to ore producing formations and meth ods of reaching and profiting from these Others of the official family who will go to the Tombstone proper ties, have not yet been announced
 It is understood that operations at the Tombstone properties will begin with a small force of men. l. Is iu- dicated that there is a good Gcal of prospecting to be done and that rhe management will feel it's way along very carefully. Mistakes will be avoided and thetime in which large operations can be wisely undertaken. in the event these are found to be justified, will come about just that much earlier
 Announcement of the final closing of the sale to Mir Douglas was of course a matter of great satifaction in | Tombstone While 1t has been felt there. and everywhere in well in- formed mining circles, that the bid of Mir Douglas represented a fair price in view of all the conditions | with which there must be contention l at Tombstone, and that it would be accepted, still it could not be confi- | dentlyfelt that this course would be taken until there had ben actual off cial confirmation. The latter came to Tombstone as a welcome relief
 Feeling there is that the Phelps Dodge Co., is one of the very few great mining organizations with the ! means and the engineering ability to 1 give Tombstone a thorough try out. The past reputation of the company l for thoroughness and fairness in its work is accepted in Tombstone as Of 1 the very highest value in the way of assurance that the district will now receive all that is coming to it. With this given, Tombstone is abundantly confident that it has an era of great mining success ahead-one in which the brilliant records of the past will be eQualled or surpassed in total I achievements.
 While the sale makes much c,.thu siasm concerning the future or Tomb
 stone. 1t does not bring about any
 thing in the way of a mining boom for the district There is open ground
 there or in the vicinity All of the district has been under location for many years. Old timers have held to their claims These have either
 bonded to the company, which is what has happened in the larger mum
 ber of instances, or are awaiting for development work of the new owners
 of Tombstone Con to put value cd
 their holdings
 It is understood that leaders will
 again have the privilege of setting ;r
 on Tombstone Con. properties snt
 that among the first steps of the
 management will be the ganting Cl l applications for leases. or these
 there will be a number for there |.
 good money to be made on the pro l. perties by leasers. At the same um,
 their work will assist the manage
 ment in no small degree in making th'
 findings which it desires.