Mohave County miner., 1916-09-02
CLOSING DOWN WITH
 MONEY IN BANK MAKES RESUMPTION EASY TASK

It is the easiest matter in the world
 for people with the best intentions,
 but not conversant with all the 'ins''
 and "outs" of the Oatman situation
 to get a wrong impression from the
 fact that a number of properties have
 been closed down..
 Here is the situation with the Long
 and McIver properties and any per
 son with horse sense and an eye to
 business must admit that both of
 those qualities have been exercised to
 degree. Each of those companies
 and anything that ESng and McIver
 are connected with have good fat
 bank accounts-real money in the bank and plenty of it to operate with
 out permission of anybody for several
 months. But sizing the situation up one side and down the other, it was
 decided that it would be better to close with plenty of cash on hand, and then be able to. resume at any time the management might see fit. By so doing, in case it might be nec- essary to offer more treasury stock it can be done with a straight look you-in-the-eye, that the mine is work ing and has cash to go on. But to keep on going until the last dollar is gone and then simply have to close down would make it all the worse for Oatman later on and infinitely worse for the companies trying to sell stock with which to make the re-opening start.
 Not that this applies to all com panies that have shut down. Some have spent all their money and others have saved out what will be found to be little enough, if not less than that, but there are others which have looked at it in precisely the manner indicated and have closed down until fall with the finest kind of bank rolls.
 It is the fashion to not a small ex- tent for pessimists-there are several hereto blame the newspapers for everything. Also with some who otherwise are optimists. A case in point: The Telluride has a fine show ing on the ATS level of solid ledge matter assaying a few dollars, which should make ore. Not wishing to have another so-called flash in the pan, but knowing the developments as they proceeded, the newspapers re- trained for days from publishing a reported strike, even though it was talked on the streets night and day by every man, woman and child in Oatman. If a crosscut to the footwall were run it probably would be found to have B good width of milling ore now.
 The Lexington has even lower val ues on the hanging wall side of it's ledge than. those in the Telluride, yet by crosscuttlng to the foot it uncOv- cred good width of good grade mill ing ore. The Telluride management fully realizes that, but wishes to strike another United Eastern with ore from foot to hanging, and pro poses to find it by sinking to at least the 600-foot level and get under it, rather than work to the same end by further exploration at this time above that depth.
 All mines in this country are classed as "hOt" That they are not cold an army of witnesses can be had to testi- fy. During the summer weather it is difflult to work them with any satis- faction to the men or companies either. Wages paid now do not bring the amount of results that the same investments will bring a month later. That and the financial reason, the latter in either of the two forms out lined above, constitute the principal reasons for less activity now than what there will be during the months to come.