Bisbee daily review., 1914-01-18

past eighteen months, by officers of our company. Caution was required in making the various deals neces. sary to secure the desired land, be. cause of the great diversity of own. ership, and for the further reason. that, if 1t were known that His com pany was buying ground in the Butte Side Mineral Area, the prices for such would have advanced and thereby precluded the possibility of making further purchases at fair and reason. able figures.
 To this date, there has been bought practically a solid block of mineral ground. comprising approximately 739 acres. United States patents for which have all been issued. excepting for two small fractional claims, amount ing to less than enc acre in area. This tract of mineral ground embraces the following claims: Adelaide, Ade. laide Fraction, Anamosa, Anamosa Fraction, Anna, Birtha, Blake, Carl isle, Copper Queen, Copper Trust, Denver, Diamond, Druid, Elma. Elm mic. Evangelist, Extension No. 2, Hel. en C, Hidden Treasure. Hillside Frac- tion. Horse Canyon, Humboldt, Inde- pendence, Irma s, Jimmy Collins, John the Baptist, Judge Morrow, King stella Fraction, Little Fraction. Mag. gie Fraction, Maggie May, Mascot, Monemia. Northwestern, Pacific No 2S32, Pacific Fraction, Pittson, Rab. lit Fraction, Rabbit Trap, Red Jacket, Rio Tinto. Robin Rockbraker, Rocky Bill, Saratoga, Sarsfield. Silver Moon, South Ridge, Vesuvius, Golden Rule Placer.
 Fractional portions and undivided interests. approximately 2l4 acres, in the following lode mining claims Albert. Annie, Antoinette, Ella, Ed die. Fair Trial C4ittle Spring.. Grand Junction. Hillside, Lillie, Little Boy, Mullingar, Richellew, Rising Sun, Rosenthal, Silver Bow Fraction, Sleep CT. William.
 We are buying interests in other mining properties near this block of ground, the details of which will be submitted to the stockholders when the transactions are completed. and for which about ninety per cent of the payments have already been made.
 The payments for these described mineral properties have been made substantially from earnings without tho ancun,,1ata-t ot,,.rl,tc af the company. It is not the intention to purchase additional mineral ground. except small undivided and fractional interests.
 In consideration for the above min. kng claimsA lndkVided Interests in mining claims, mineral properties and rights, the company has paid in cash to date, the sum of S749, ,957.61, and has future obligations to pay in cash within the next six months of s70, S0O.00 and is under contract deliver to certain persons 10000 shares ol the full paid s15,00 per share) non assessable capital stock of the com pany. These 10000 shares of capital stock will be issued and given to per sons owning interests in the above mentioned mineral properties, who re fused to accept all cash for their in terests and insisted upon receiving stock of the company in lieu thereof taking the same on the basis of $40 per share.
 Yovr board of directors has arthor ized the issuance and delivery of these 10000 shares (which when issued will make the total outstanding stocl 4S0.0OO shares out of the authorized capitalization of 600.OO0 shares) and has made application for the listing of the same upon the Boston Stocl Exchange.
 In addition to this block of minera ground in the Butte East Side Minera mineral properties and rights in con