Arizona republican., 1916-11-23

now and then. The mine was leased at times to various parties who "chlorided" the property. shipping several carloads of picked high grade ore at times when the copper market justified the same.
 In the year 1906, the Silver Queen was purchased by William Fisk and associates of Globe. on an option from P. =. Swain. the owner The property Was then bonded tO q group of east ern capitalists, who formed the Queen Copper Company. The Queen people failed to make good or their pond lease, and the property reverted to Fisk and his associates. who tenaci- ously held on. despite the troublesome times of 1907 while the great panic was on, and in 1910 the property was once more taken over. this time by the Cum Thompson interests of New York.
 The consideration paid by the new owners for the property is said to have been in the neighborhood of sl2O,O0O. The Gum Thompson Com Dany then incorporated the Magma Mining Company. and active develop ment and exploration work on the property was commenced under the supeTintendenee of Thos. Neary. who was placed in charge of the property Dy the fnompSOrS.
 REAL DEVELOPMENT
 At this time the old shaft had fol- lowed the Assure vein from the sur face for a distance of 400 feet. A ! large outlay for machinery and ma terials was at once made. and de- termined effort put forth to discover the real possibilities of the property
 A new shaft was sunk slightly below the old one and a crosscut made to conect the two. After many dis cOuraging delays and following an initial outlay of many thousands of dollars, the present body of high grade sUlphide coper, known as peacock ore was struck at the 650-foot level The vein at this level was not of great width, but in sufficient quantities to mine prOfitably. The ore was of very high grade, averaging from 10 to 70 per cent in copper, and also carrying considerable values in lead. zinc and silver.
 Excitement ran high at this time. Some of the old scenes of activity of
 thirty years back were revived in the district although not at quite the same location. The town of Superior sprang into mushroom existence over
 night, al the mouth of Queen Creek , a mile and cne-half distant Pros pectJrs and miners, real estate opera tors and adventurers. poured into the district.
 The company made preparations for 1 the installation of mill and for en- 1 larged mining operations. A two 1 hundred ton mill was built and also T fifty ton mill. for the concentration of the lead and zinc values.
 To facilitate the handling of the
 ore, which was at this time 90 miles from the rail road at the closest point
 of intersection. Florence, preparations were made for the building of mar
 row gage road across the desert, from a point on the Arizona Eastern. later known as the station of Magma. NARROW GAUGE The Magma and Arizona R. R. was l organized, being a subsidiary corpor ation of the Gunn Thompson interests, and the contract let for the building of the road At this time the great European war broke out Copper went to it's lowest point in many years. and a general period of financial | depression swept over the country
 such as had not been witnessed since the hard days of 1907. For a time is