The Arizona copper camp., 1915-11-26

that time.
This mine has made Long and Me-
1Ver wealthy and the stockholders
happy for this stock went on the
market at 25 cents share and is
now listed around the 81 mark. and
week after week the mine is disclos-
ing tons of ore, valued at from s35
to $50 a ton. Joe Pirrizo was a pros
pector and miner few months ago
and is now a gentleman of affluence
and leisure. Joe owned some of the
claims now composing the Eastern.
and instead of taking cash for them
accepted big block of stock. Joe
recently cashed in 10000 shares of
stock, receiving 100000 for it and
still has little of the stock left
All this will remind the old timers
OF Al. Myers, in the good old days of
Goldfield. Myers had big block of
Mohawk stock which he was trying
to sell for Is cents a share but found
no buyers. He decided that he was
cut out for prospector rather than
stock salesman and packed his
war bag" and hiked for the hills
looking for another strike. He re-
turned within two months and was
rendered 100000 for 100000 shares
of Mohawk by Carstairs, the Phila-
delphia millionaire-$4 for stock that
went begging at Is cents sixty days
before That is the secret in a nut
shell of the fascination Of the gold
mining game.
The success of the United Eastern
has caused the formation of many
companies and SO or go of them are
rapidly pushing development; a num-
Der of them have strtiek ere and even
now are securing pay values.
| And mark this prediction: The
near completion strike anything near
as good as that secured by the
Eastern, there will be a rush to Oat-
man-beside which the Oklahoma
rush will have looked like a funeral
possession.
Already a dozen engineers of ma
tional reputation have covered the
field on behalf of individuals and
corporations and the good prospect
claims have been practically bought
up and merged into companies.
These companies require certain
amount Of money which they are
economically expending and hope to
make this one of the greatest gold
fields the world has ever known.
First, there is the cost of the
property; then there must be a
| hoist, engine, air compressor, fuel,
drills, powder and determination
| to sink a shaft to a depth that
means dividends. The average sum
involved to start the ball rolling in
each instance will be $4,000, and,
was pleased to learn that thousands
of shares of stock are being bought by
the miners themselves showing
'conclusively that they have an abun-
dance of faith in the ground under
which they work. l was informed
by one who knows that there is
hardly miner in the district but
carries from 5000 to 100000 shares
of the different Oatman stocks
The money received for stock sold
is Immediately expended on the
ground and not for mahogany fur
niture, and J. Rufus Wallingford
would starve to death here because
Wildcatting is strictly tabooed. The
mine owners, operators and repre-
sentative business men have banded
| themselves together to protect the
innocent investing public for they
realize that the mining industry
has suffered from charlatantry COM
monty called "wildcatting" and at a
recent meeting of one hundred of the
foremost men of the community
(knoWn as the Tom Reed Gold Roads
Association) they resolved that the
investors of America shall be pro-
tected against the "wildcatter' and
that crooked operators will not be
| tolerated.
One of the greatest hustlers Of
the camp is the Hon. w. P. (Billy)
Mahoney. Billy is here, there and
everywhere and is certainly the rep
resentative citizen of his bailiwick
for in addition to being the represen-
Jative to the legislature from Mo-
have Co., he is president of the
Miners Union. So great has been
the activity in the district that the
Hon. Billy discarded overalls and
toga and with the knowledge ac-
quired working in the district as a
practical miner for years was in
strumental in the formation of sew
eral firstclass companies-Oatma
Secret and Oatman Combination. and