Bisbee daily review., 1916-10-22
MORE MINERS IN
 YkVkPAI THAN EVER

(Continued from page one.)
 orably known mining men in this sec tion. was equally as successful with the Verde Combination property in Pittsburg. s. F. Balentine met with like success when he offered the Unit ed Verde Consolidated. The Green Monster company had applications for its shares approximating $500,O0O sev- eral weeks before the subscription books were opened.
 The foregoing cases are cited with the object of demonstrating the faith the investing public has in the mining propositions of Yavapai county. To more amply illustrate the confidence possessed by Arizona capitalists, the case of the Verde Apex Copper con- pany is cited.
 Treasury Is Financed
 At the time the Verde Apex Copper company was reorganized few weeks ago, the intent was to offer for public subscription 100000 treasury shares at 50 cents per share. While the matter was pending, however, group of Arizona mining and business men submitted a proposition to under write 300G00 shares. This proposl- ton was accepted at a meeting of the directorate of the Verde Apex com pany held in Prescott on October 14. It represents the unanimous senti- ment of the board and insures the funds necessary for carrying on devel- opment work without recourse to pub lie subscription. The money was ten dered following an inspection of the company's property by representa- tives of the interested parties, and amply provides not alone for the car rying out of the joint development plans with the Venture Hill company, but likewise the expense entailed in purchasing and installing the two compartment plant of machinery and necessary camp buildings. The pub lie is therefore to be barred from par ticipation in one of the most promis- ing mining positions in the Jerome field, save 'rading in the limited number of ti companys shares al ready outstanding.
 For the present there will be no change in the personnel of the direc- torate of the Verde Apex company by reason of the additional financial strength acquired. At later date, however, it is understood that the names of prominent Bisbee and Doug las mining men will appear on the roster of the company's officers and directors. Neither will there be any change at this time in the joint finan- cial arrangement of the Verde Apex and Venture Hill companies, nor in the two-company mine management. The development plans being carried out under the supervision of John S. Riley are not to be altered. They will, however, be speeded up consid- erably under the impetus of increased financial support. Additional and larger shifts of miners will be employ ed and the erection of adequate camp buildings will be hastened. An order for mine machinery is immediately to be placed and a road be graded at once to the site of the two-company shaft on the Black Horse claim of the Verde Apex company, from the road over Venture Hill ground that gives access to the Pittsburg Jerome proper ty.
 
 Ore Reduction To Start
 Reduction of ores from the First Home mine in the Big Bug district will start next week. The mill on the Oriental property was recently pur- chased by the First Home manage ~ent for that purpose and has been repaired and odernized-including an oil Notation unit. The First Home was taken over recently by a group of local and Los Angeles mining peo- pie. Since then the old workings have Been cleaned out. the shaft re- timbered to a depth of 300 feet, and the ore bodies hitherto opened suf- flcientIy developed to warrant the mining and milling of ore The miner al contents are silver and lead, and prevail generally throughout the mine.