Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1914-06-24

ceivcd is fodnd to be just. the sale is
sanctioned In the latter event it is
understood that the Tombstone Con
,soidated Co. properties viii be trans
ferred to the Phelps. Dodge * Co.
corporation b yMr Douglas. general
manager Of the company
The properties for which the bid OF
Mr. Douglas was accepted, include a
large number Of claims taken into
the Consolidated company following
the flooding Of the workings Of the
camp some years ago. There IS also
Included many thousands Of dollars
worth of machinery and mine equip
ment of various kinds Quite little
of this material is in good order and
much Of it in fair shape.
The bid submitted by Mr. Douglas
was the only one offered It is CON
sidered by mining men to represent
a fair price. based on a fair business
survey Of the situation. The latter
includes consideration Of am enor-
nous overhead cost for pumping.
which must be contemplated in con-
nection with any plan Of develop
ment or ore extraction below water
level. where it is conceded that the
values which might rehabiliate the
camp as a great producer Of metal
probably with copper as the chief
vames-most likely must be sought.
However, there are values yet rec
manning above water level which
Ileasers have found 10 profitable to
mine. It is understood that these
lwiu now have further opportunities.
and under such contracts as viii iusti-
Ify them in doing considerable develop
lment II is also possible that the
prospecting which will be carried ON
.by The company above water level viii
demonstrate the presence of sufficient
low grade ores to make a commercial
proposition under the advantages of
modern methods of treatment OF low
grade ores.
The situation warrants the eXpecta-
ton of Tombstone people that the
purchase by Phelps-Dodge & Co. il
contaminated win mean a great deal
TO their camp Whether a mine may
be made which viii restore i'm part on
i'm fun the old-time glory and prosper
|ity of Tombstone, remains wholly Ia
be determined but Il Is certain from
the past history Of Phelps-Dodge that
the property viii have the advantage
of thoroughly honest and intelligent
prospecting If there is a mine TO De
made it will be made
The ore values that may reasonably
be said to be In sight and the value
of the equipment assets of the prop
erty are sufficient to lend encourage
ment 10 the expenditure of the large
sums of money that a prospecting cam
paign viii necessarily involve which
is a fortunate circumstance but hardly
to be considered in higher esteem thar
that
Word received from Tombstone fol
lowing the sale yesterday was thai
there was great satisfaction and ON
thusiasm felt there over the trans
action Ever since Phelps-Dodge EN-
gineers and geologists commenced
systematic study of the Tombston,
situation the people there have beer
hopeful that the company would sec
it's way clear TO take over the prop
critics, considering that IN such hands
there was the largest cause for mop,
that Tombstone might be brough
back 10 important production Tomb
stone people feel confident now tha
with renewed leasing operations an,
with the work that the new owner
viii do although this viii doubles
be started With conservative forces
their town viii build mp steadily an,
. that new enterprises win come abou
, in many buildings which have lonl
been die.