Arizona republican., 1916-10-18
VERDE COMBINATION OVERSUBSCR|BED ON
 ITS OPENING DAY

sans printed page, SAILS liuinpel blare-without even the formality of d public announcement by the corpora tion that it's stock was open to sub l scription, the Verde Combination Cop per company of Jerome yesterday completed the details of it's organiza- tion, and closed it's first days exist ence as an active mining corporation with a record of it's stock issue heavily over subscribed, thus duplicating, fl not eclipsng that of the famous Green Monster flQtation of some months ago in the same district
 The company enters the mining field as the owner in fee simple of 27 mining claims in the heart of the Je- rome district, and will have. after pay Ing in full for its property. more than $450,0 in cash and 100000 shares of stock in its treasury.
 The exploit is another monument to , the ability of the man, through the in strumentality of whom, the Green Monster consolidation above men toned was made possible-the organ izing genius of the Jerome district, 1 James Nj. Layman.
 For weeks Layman has labored against odds to overcome well-nigh impossible obstacles affecting adverse i ly his efforts toward consolidation, but now has the satisfaction of seeing his efforts crowned with a brilliant success. The property adjoins on the ] southeast the famous Verde Extension | property. and extends almost to that 1 of the Green Monster It comprises a l consolidation of several groups. on each of which, in times past, consider 1 able development was undergone, but | in neither instance were the finances sufficient to enable the attainment of the producing stage
 The company has had the excellent | fortune to command, at the outset of | it's existence. the services of Dave l Morgan as mine manager. with whom
 a contract has been made covering a two years period from November l. Mir Morgan. as superintendent, has presided over the destinies of the fla
 nous Verde Extension from the in ception of it's organization, and has
 seen it develop under his direction. from an abandoned property to a yer
 itable wonder among the copper mines
 of the world.
 IL may be safely assumed that in
 severing his connection with that com
 pany to direct the affairs of the Verde
 Combination, he does so, believing
 that the holdings of the latter compa-
 ny are unusually meritorious.
 It is reported that engineers of the
 Jerome district have expressed the
 opinion that the United Verde fault
 SO called, as well as the Verde EXten
 sion fault, both traverse the ground of
 the Verde Combination company.
 If this should prove true. the capital
 available for development under the
 directing genius of Morgan should
 make the Verde Combination, in time | trltiy copner col0sstiG
 That the people of the Jerome dis
 trict regard the property with exCep-
 tional favor is evidenced by the fact that the Jerome allotment was over subscribed 300 per centum.
 The officers and directors. however are unanimous in asserting that nc claim Is made for the property beyond that of promising prospect advan- tageously situated. and that the pur-
 chase of it's stock comprises, essen.
 tially. the elements of a mining gam be. pure and simple. All they car guarantee is that the stockholders in terests will be judiciously safeguarded
 that, in common parlance, they vii receive "a run for their money" } Development will be instituted with ! out delay after November 1st, and thu
 work of exploration prosecuted witt vigor.
 The stock will he immediately listed [ upon the eastern curbs and the de 3 mand for it which is expected to en sue in the east. when the position o
 the property on the Jerome map i
 seen. considering that no treasur. [ stock has been allotted east of Pitts ! burg. is likely to send the pric ? soaring. .. The company is capitalized at tw' 2 million shares of a par value of lift, ? cents each. the initial issue havinl .. been marketed at 75 cents. or fifty pc : cent above par, and the announcement : is made that no more of the stock i ! available except as it may be pro 7 cured on the open market.
 } The officers are: President, John 1 | Dyer, attorney at-law. Fl Paso. Tex } as; vice president. Frank l.. Jones U president of the Fl Paso Bank am
 Trust Company; secretary treasurer
 Alfred F. Kerr, vice president of tn
 Fl Paso Bank and Trust company. The directorate comprises the fore U going gentleman, and the following John & Eberman and w. N. Richards
 prominent business men of Pittsburs 7 Pennsylvania: James NJ. Layman o Jerome and J. c. Callaghan of Phoe '' nix.