Weekly journal-miner., 1916-07-12
Adjacent Mining Shipping


 A good mountain road connects the Green Monster property with the railway terminal at Clarkdale. four miles distant, and affords access to the Copper Chief mine, adjoining. The latter company is shipping 30 tons Of copper ore to smelter daily and is re- ducing 125 tons of gold-silver ore per day in it's mill Adjoining the Copper Chief and the Green Monster proper ties are the holdings of the Equator Mining Company. controlled by form CT United States Senator w. A. Clark Approximately S2.000,000 worth of gold-silver ore has been shipped from the Equator. Each of the properties mentioned is located on the eastern slope of the north-south trending Black Hills range, where also are To- cated the well known United Verde mine and the equally we'll known United Verde Extension, Gittle Daisy), mine. The Verde and Verde Extension arc situated at Jerome, about three miles distant.
 Status of Company.
 The Green Monster Mining Com pany is thoroughly financed and is controlled by a syndicate of repre- sentative mining and business men of this and other Pacific slope sections It is offering no stock for sale and that already issued is being closely held. The company is capitalized for ,500000 shares of par value of 50 cents each Five hundred thousand shares were issued to the Green Mon ster syndicate in consideration oi S33,000 in cash, title to 3l claims and the taking over of an option to pur- in all The directorate then sold 100000 treasury shares at 75 cents per share. which netted the company S525.000 This sum, plus the S33,00O paid in by the syndicate, gives the company a treasury fund of $55S,0O0 The treasury fund is intact, save for the amount drawn bi-monthly to pay mining expenses. and IS drawing in terest at the rate of approximately S1 600 per month, or about SlS,000 per annum Tn addition, the company has in treasury 300,000 shares of stock. No effort will be made to sell this stock until such time as the property has been developed to stage where 1t IS necessary to erect a shelter for the reduction of the company's ores.
 Syndicate Stock Pooled
 The 500,000 shares of Green Mon ster stock issued to the syndicate is pooled for two years, dating from January 1, 1916, or until such time as two-thirds of the members thereof vote to release the same. The Je rome branch of the Bank of Arizona of Prescott is custodian of the pooled stock. No effort will be made to nui- lify this agreement. In fact the mem bers of the syndicate, instead of de string to dispose of their pooled hold ings, are from time to time purchas- ing Green Monster shares offered for sale by others, and were themselves purchasers of large blocks of the treasury shares. These men believe the property has a future and arc awaiting with confidence the result of the development work recommend cd by the examining engineers
 Verde Ex Dividend.
 Local holders of the shares of the United Verde Extension Company and they arc numerous-and the peo- pie of Yavapai county in general, are elated over the SO cents per share dividend recently declared by the di- rectorate of that corporation. They recognize it as the forerunner of reg ular quarterly disbursements of like or even higher amount, and as plac- ing the property on the list of the county's permanent dividend payers. The initial dividend was declared at a meeting of the directors held on June 18th, is payable on August lst, and is in line with the advance infor nation contained in these articles of recent date. The company is send in from five to eight carloads of high grade copper ore to smelter daily.