Arizona republican., 1915-01-17


 002 or s25,169,OO0 in excess of the imports. In 1913 the excess of ex- ports over imports was s26,908,S12. ! The imports of silver in 1914 were, as usual, chiefly in ore and bullion
 and mainly from Mexico, which SUD-
 piled $14,1S6,00O in silver and Canada, which supplied $5,657, ,0OO.
 Rich Tungsten Ore in Ajo District M. G. Levy and J. D. Milton owning the Young American claims in the Ajo district, are reported to have discovered l tungsten ore of high value and some shipments are being made to eastern manufacturers.
 Large Foreclosure on Mining Property TUCSON, Jan. 16.-The largest mort gage in the history of Pima county was foreclosed yesterday when formal de- cree was issued by Judge Cooper of the superior court ordering the foreclosure of the mortgage for $2,000,0 900 held by the Bankers Trust company against the Imperial Copper company, bank rupts, with interest and costs aggregat- ing $2,7O1,452.32. The decree was the result of a decision in the case rendered week ago by Judge Cooper.
 According to findings from facts which are very voluminous, $48,268.50 of the amount, receivers certificates, bears 10 per cent interest and the re- mainder per cent. Additional costs of $145.10 are allowed
 The mortgage is on 78 claims, pat ented and unpatented, in both Pinal and Pima counties, 8 mill sites, the plant, fixtures, machinery and appli- hances on these claims and sites, 5000 shares of the Arizona Southern rail- road and 900 shares of stock of the Southern Arizona Smelling company, and other property.
 The property is ordered to be sold by the receiver, M. P. Freeman, at such a date and time as he may choose, and | is to be divided in three separate lots or parcels. No. is to include the | shares of stock of the two subsidiary l companies; No. 2 is the property situ ate in Pinal county, and No. includes the property situated in Pima county. The lowest bid that he can receive i for the various lots is as follows: No. I l. s12,00O; No. ?, 5000; No. B. s90,0O0. l the three aggregating at least s104000. ] A certified check for 5 per cent of the
 bio up to 5000 must be included | According to the terms of the decree, M. P. Freeman, receiver, is to receive
 a fee of $15,000; s. NJ. Franklin, attor ney for the receiver, $10,000; the Bank
 CTS Trust company, for attorneys fees, | $2149.73; and Ellinwood & Ross, attor-
 neys for the Bankers Trust company, | $10,6S1.22. While & Case, attorneys, also receive substantiol fee in the case.
 l The decree contains detailed direc- tions for the sale and winding up of
 the business connected with the case. 1 Turquoise-Arizona Turquoise Mountain, in Cochise county, Ariz. has been a point of in-
 terest for a number of years. w. r. Blake mentions the locality in 1883,
 describing extensive ancient work ings on the south face of the noun
 tain. Large piles of waste had been I.thrown out from and on this debris
 century plants and various desert
 cacti were growing Blake was of the opinion that the deposits were
 worked before the day Of the Apaches
 He was successful in finding onl!
 light apple green and ea-green spe-
 cimens of turquoise on the dumps
 and a very little with a suggestion
 of blue. From this he believed the
 deposits were not so rich as at Ger
 rillos where there were much larger
 prehistoric excavations. Remains o
 ancient workings can still be seen
 and hammers made of quartzite anC
 some of basic igneous rocks can be
 found or Turquoise Mountain Very
 little has been published regarding
 the modern operations at this locali. ty.
 Turquoise Mountain (now some times called Turquoise HilD is l mil,
 northwest of Courtland It is {
 ridgelike prominence about half ;
 mile long in N. 25 degree direction with steep cliff-like sides The great . est elevation is nearly 5.400 feet abov, sea level, or 300 to 400 feet abov, \ ehC ouliOuuulitR NdlleNS. 1no DlSneS parts are near the ends, the south ern end of the hill being knob an, wider than the northern end Tn, region is desert, vegetation on Fur quoise Mountain consisting chief, l of cacti, grease wood, and sag, brush
 \ The majority of the workings fo turquoise are along the west side O the hill. but other openings hay, been made on the summit and O, the east side. All the openings ar within an area about 1900 feet lon and 400 feet wide There are fou ! principal groups of workings. wit I other scattered prospects. Three O these are on the west side of tn ridge, one about 100 yards northwes I of the knob at the south end, an other near the middle of the ridg about 400 feet to the north. and th. ! third 200 to 300 feet farther north The fourth group is on the east sid of the ridge about 800 feet north O the knob at the south end or nearl, I 100 yards northeast of the first group i More than 20 openings have beel made, consisting of prospects, pits shafts, open cuts, and tunnels wit stopes. Over 1.500 feet Of tunnel have been driven in the hill wit
 l stopes and winzes
 In the first group of working