El Paso herald. (El Paso, Tex.) 1901-1931, 1916-05-13
YAVAPAI MINES
WELL FINANCED
Outside and Local Capital
Back of Promising Com
panies in Rich Field.
ny WILLIAM DeWOLF.


county mining properties are being
J financed with local and outside capital
: The east. middle west, Pacific coast.
great lakes sections and the south are
financially interested in the mines and
prospects here are represented on the
! ground by mining engineers Of recog-
nized ability and repute. These men
are favorably impressed with the ore
yielding possibilities of Yavapai county
and hold the conviction that the local
mining industry offers financial oppor-
tunities. not alone in deposits OF gold
and silver, but likewise in deposits of
tungsten, copper, lead and zinc.
New Companies Are Financed
Late April and early May recorded
the financing OF a number Of valuable
mining properties in which local capital
is heavily interested. Prominent among
them are the Jerome Victor Extension
Copper company, headed by Michigan
men and owning the Haynes group in
the Verde district. the Iona Prieta
Mines company. owning valuable copper
claims in the Copper Basin district: the
Tip Top Consolidated Mining company,
owning the famous Tip Top silver
tungsten mine in the Tip Ton district:
the Tuscumbia Mining and Milling COM
pany. of Arizona, owning the Tus-
cumbia bonanza silver mine in the
Bradshaw Mountains district. and the
Boston and Jerome Copper company
with valuable holdings in the Verde dis
trict.
Jerome Victor Extension.
The initial offering Of 100000 shares
Of Jerome Victor Extension company,
was placed in New York and Boston and
at middle west, great lakes, northwest
and southwest points on May 3, last and
within a few hours was oversubscribed
Oh rrNfe an= de- arsnr
popular in Prescott Jerome and else
where throughout the southwest and is
in demand at an appreciable advance
over the subscription price. The fact is
mentioned as being Indicative OF the
confidence the people of this section
have in the copper ore yielding future
of the company's holdings.
Personnel of Company.
The officers and directors of the COM
pany are: James T. Fisher, bank CASH
Ter OF Larium, Mich. president: Brain
ard Avery. lawyer, New York city, vice
president: J. B. Patton, bank cashier Of
Larium. Mich, secretary; J. p. Peter
mann. bank president Of Calumet, Mich,
treasurer
The company begins its campaign Of
mining activity with a development
fund OF 100000 with an efficient plant
OF machinery and under mineral condi-
tions indicative of mining success.
Future OF Tip Top.
The future of the famous old TIP
Top mine one Of the silver bonanzas OF
a former decade rests with the Tip Top
Consolidated Mining company, recent
Incorporation that has the backing Of
Prescott and Phoenix capital. The com
pany is capitalized for $4,000 and has
ore in sight TO a value in excess Of
100000. The officers and directors Of
the company are well known Arizona
mining and business men. They are: @.
w Davis. president and treasurer; A. +.
Muter, vice president; F. L Haworth,
secretary.
During the 1855 decade Hagen.
Head and Hearst. operating under a
lease and bond. mined $4,000. 000 worth
of high grade silver ore in the Tip Top
mine. No ore having a value less than
$500 per ton could be handled at profit
then owing to Inadequate transpOrta-
railroad accommodations. Hundreds of
tons Of 5000 to $500 ore was left stand
ing i'm the workings TO later be mined
at a profit by leasers.
Tuscumbia To BE Listed.
Plans are practically completed for
listing the shares Of the Tuscumbia
Mining and Milling company Of Arizona
on the San Francisco stock exchange.
The company was incorporated in
March, 1915. under the laws OF Arizona
I'm the amount OF 100000 shares Of
par value of 81 each. The corporation
is headed by local mining and business
men
Development work is ia charge or
James II. sullivan, formerly a success
full lease operator at Tonopah- Sullivan
recently opened an ore shoot Of dimen-
sions at a depth of 400 feet which car
ries an average of 46 percent copper
and 115 ounces in silver to the ton. II
was upon the strength OF this show
ing that San francisco mining men en-
tered into negotiations for the purchase
Of a large block Of treasury shares
Arrangements are likewise under way
for the sale Of a large block Of the
treasury shares of the Boston and Je-
rome Copper company to a San Fran /
cisco syndicate It is understood the I
stock is TO be listed on the stock ex-
change in that city.