El Paso herald. (El Paso, Tex.) 1901-1931, 1916-07-05
MILLION DOLLAR
DEAL IS CLOSED
Includes All Of the Holdings
of G.. w. Hull in the
Jerome District.

Jerome, Ariz, July 5.-One million
J dollars is said 10 be the total con-
/ sideraticn involved in a mining deal
. that has partially been closed in
F jerome. The deal includes all the in
dividual holdings of George ". Hull r.
{ the Jerome district. and also his con-
trolling interests in the Hull. Cleo
{ patra, Consolidated King and Columbia
Copper companies.
The deeds Of Mr.. HulTs individual
holdings. including surface rights in
the town Of Jerome and several
valuable mining claims have already
been recorded AT Prescott. part OF the
property passes directly TO the United
Charles W Clark, son Of former
senator W a Clark. who owns the
United Verde. Young Clark. in fact
acts as trustee for the l. Y. com
As far as the town Of Jerome is con-
cerned, the only immediate result viii
be the construction Of the new United
Verde hospital on Clark street. Just
south Of the Hull residence, instead OF
On Main street
Within a few days the old Hull barn
and warehouse viii be torn down TO
make room for the hospital The Hull
Jerome, PROBABLY viii be allowed to
\ stand for some time
May Go to Clark.
1t has been currently reported that
the United verde would take over a
controlling interest i'm the Hull cor
DoratiOns as soon as the pending lit
cation was terminated Il is now uu-
derstOod on good authority. however. /
that the Hull shares viii shortly be
transferred TO Charles W Clark i'm his {
capacity as trustee. He viii then be- Z
come the controlling stakeholder and /
will replace Mr.. Hull in the litigation
IS hen the litigation Is closed the Hull (
Cleopatra. Consolidated King and 2
columbia. all now idle, viii he financed !
independently Of the big company.
Their final transfer TO the Z. Y. may
be many years in the future
Pressing. Despite breakdown
In spite Of the breakdown Of its
compressor. the Dundee-Arizona COM
pany is making fair progress in sink
ing its main shaft to depth Sinking
by hand was resumed June Is and 30
.eet Of progress was made by July
J. This carried the shaft down TO go
.eet- 1t is ten feet away from the
edge, and crosscut viii be run to
he ore at 300 feet
It is announced that pre-organfza-
ion shares in the Verde Combination
new flOtatiOn, till July Is Mr. lay
nan is leaving again for Pittsburg in
B few days TO make final arrangements
With the capitalists who financed the
IN curb exchanges. a geological re-
lort on the Verde Combination prop I
-ty, prepared by A P. Thompson. is Z
einS printed for mailing TO the stock
Olders-
Thompson and the Lions.
Mr. Thompson admits that his re-
ort is not quite complete There's q
eason- One day while he was exam
ming the property he entered an old
Tnnel in AIescal gulch. He came out
tucker than he went in. followed by Z
wo large and healthy mountain lions.
thompson says shat he Immediately Z
st all curiosity regarding the ge0lO- j
zeal formation disclosed by that tun-
ell
100 Men Work on Road. q
over 100 men are building a road 4 :
, the Blttsburg-Je rOme mine II is n
ecessary to build two miles Of high I .
ay in order TO deliver a large com
-essor which has already been ordered { y
nd paid for. The road viii be finished =
about so days In the meantime a ] =
TO-mile transmission line will be ! =
1ilt from Jerome TO the mine. for =
ectric power instead Of gasoline is TO =
E used hereafter at the Pittsburg- n
srOme-