El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-23
E PASO MEN
HEAD C0MPAN
John L. Dyer President; AL
fred Kerr Treasurer Verde
Combination Co.

Jerome, Ariz-, Sept 23.-EI Paso peo-
lie are back OF the Verde Combina-
tion Copper company, which has been
formed by James ~ Laynan. princi-
pal organizer of the Green Monster
At the first stockholders meeting.
held in Prescott. John l. Dyer. Of FL
Easo, former president OF the Texas
State Bar association. was elected
president Of the Verde Combination.
Alfred F Kerr. vice president Of the
FL Paso Bank q Trust company, was
made ecretary-treasurer. These off
GERS. with R. NJ Dudley. ". Y Rich
ards John s Eberman. J. c. Canaghau
and James NJ Layman comprise the
directorate. Mr.. Dudley is chairman Of
the board Of directors of the Texas
Bank d Trust company. FL Paso- Rich
ards and Eberman are wealthy bust
ness men of Pittsburg, and J. c Cal
laEhan Is state auditor OF Arizona
a manager and superintendent for
The Combination. both Of whom are 10
De experienced men. will be selected at
a meeting of the directors in FL PasO
about Oct J.
Sells 5000 Shares Of Stock.
The Verde Combination company has
sold 100000 shares of propaganda ton
stock at So cents. counting that which
went TO the owners Of the properties
included in the merger. II Is now 10
offer 100000 shares Of treasury stock
AZ - cents Most OF the treasury
stock viii be handled in FL Paso and
Bisbee- Some, however. viii be taken
IN New York and Pittsburg. where II is
70 he listed on the curb markets
silly Rumors are Circulated
number OF silly rumors- circulated
In New York and perhaps with n pur-
pose. have recently affected the value
ton hrr
One day OF last week the New York
BROKERS had the mine closed down ana
some even had II flooded. The stor-
was that an uncOnrrola Bile flow Of
water had been encountered in the
Wine being sunk from the 1900 foOl
level 1000 feet south Of the main shaft 4
The Wine did open q heavy flow of /
waite but nothing that is uucontr0l- !
able II was sunk to us feet and now 4
level VIII be run south from the 4
main shaft 10 meet the Wine at its 100 +
root point This VIII provide another :
nam hosting level and will allow tbs &
pumping OF the water from that part b
o. the mine directly through the shaft. /
without botherinS with the sinker al .
the collar Of the Wine
Mai a 7 Pickrel1. managing di-
rector Of the Extension. denies abso-
lutely that the Wine passed out of the
ore Not q pound Of waste has been d
taken out fthe Wine" he said
Rumors almost as foolish have re-
Gently been circulated about the ad-
joining Jerome Verde property. One
was that ore had been struck at a
depth OF 500 feet in the shaft As
matter OF fact the work OF charging
the 200 foot shaft from one to three
compartments has not proceeded down
q soc feet The going recently has
been heavy. owing to the soft nature
OF the ground. and it has been neces-
sarE 10 drive much plIiuE. but now the .
formation has been reached
and progress VIII be more rapid NJ
r "a"
the water since two new electric ma
chimes We're installed al f20 feet
Dundee Arizona Work Interrupted
or1 IS practically suspended Al the
which is surrounded
81 the Jerome Verde and Extension.
pending the insts latiOu Of pumps and 4
heavier machinery- A strong flow OF /
water was encountered in the shaft at I
100 feet The flow is about 600 gal
ions an hour and pumps with a ca
7acltT OF -nuo gallons an hour are now
)n the way from Phoenix While the
pumps are being installed the present
> horse power engine viii be replaced
With one or so horsepower. and q
anger compressor viii be put in
Green Monster sinks New Shaft.
Two entirely new prospect shafts F
are being sunk by the Green Monster
company on the Missouri and ANA
1on claims near the north boundary
IF the property and a full mile away 7
rom the main camp on the Revenue P
-aim- Two bunkhouses and cook
fouse are being constructed for tho
iccOmmc dauOn Of the men employed
n the new development
These shafts are 70 open two Of the /
most promising surface shOwings to
e found on the entire Green Monster
state Chalcopyrites are found right
N top OF the ground and chances for
opening pay ore at shallow depths are
considered excellent
Work is also TO be undertaken by /
ne Green Monster company AT two
'ther new points. At present work is /
yOing forward at six points. counting
he new shafts. The tunnel on the
Revenue claim is being extended and