Bisbee daily review., 1916-01-02
T0M REED AND EASTERN MAY COMBINE
 WORK
Largest Combination of Min ing Property In Years In the State On the Boards in Oatman District.
MILL INVALUABLE TO
 EASTERN ORE BODIES
Few Details of Combination Known As Yet. Represen- tatives of Each Mine Now Investigating the Other.


 KINGMAN, January 1--Cne of the greatest consultations of mining com panies in the state of Arizona is just now incubating "a consolidation that will make the two greatest gold mines on the Pacific coast one-the Tom Reeed and the United Eastern.
 The announcement of the consolida- ton of these two mines will come as a great surprise not only to the people of Oatman. but even to the sharehcld- CTS of the companies. as no inkling of the matter had gotten abroad until now
 The Tom Reed mine has been one of the most persistent producers of gold in the state. having sent to the mint every year. during the past four years more than $1.000.000. from which dividends aggregating better than 50 per cent yearly were paid to the shareholders. Owing to the heavy inroads on the ore reserves. the man agement this year concluded. to hus- band the resources of the company that the shareholders might be as- sured of dividends for years to come. and two dividends was passed. the re- serve fund being used to further ex- plore the mine below the 1f00 leeyel This movement of the management re- suited in the opening of the most won- derful body of ore. ever found in the property on the 1175 level. and the further exploitation is believed to have brought the two companies to such parity that it was thought best to join issues and bring in one great property that would be world re- nowned. The Tom Reed is equipped with big milling plant, it has a mag nificent estate, every mine of import ance in this estate is equipped for all possible needs and it lies just below the big ore bodies of the United East ern.
 The United Eastern is the one great property of the state. It has an immense ore body. being more than roo feet in length by 40 feet in width and extending downward from the 300 level to the 565 level. indicating ton mage of 500,000 actually in sight and an estimated value of Sl0.000.000 This tonnage and the exploitation of the mine was practically the result of one years work in the property under adverse conditions The mine was equipped with a small hoisting plant and compressor, and during the first several months of its existence was hampered on account of lack of funds The men who believed in Long and McIver came forward and relieved the money stringency and made possi- ble the development of the United Eastern. At once it's stock. which went begging at or 10 cents. rock eted to above S4 per share The old owners of the property who had taken stock for part of their holdings be- came at once worth hundreds of dol lars and the men who went in at the low price became wealthy through its advance
 In fact. the rise in the shares of the United Eastern reached more widely the people of Oatman and Kingman than have the shares of any mine in the country benefited it's immediate 
 And when the development had reached the stage when its sharehold- CTS began to ask for dividend pros poets. the management planned great milling plant. but was handicap ped by the fact that every big manu- featuring concern was up to its ears in contracts with European govern ments for the delivery of munitions of war. and the prospect of getting a milling plant in the immediate future was rather hazy.
 It was then that the possibilities or consolidation of the two great prop critics loomcd up-the Tom Reed with It's well-equipped milling plant and the United Eastern with it's magnificent ore bodies suggesting the wonderful
 Continued on Page Two.