Weekly journal-miner., 1916-04-26
EVERY DOLLAR ID GO INTO
 THE GROUND"
M A N A CLING DIR ECTOR HUMBERT TELLS HOW GREEN MONSTER co. WILL BE MANAGED.
(From Thursdays Daily.)


 Whether a copper property is ever developed or not, the stockholders oi the Green Monster Mining Company may rest assured that every dollar Of their money will be put into the ground, and none of it wasted" was the statement made yesterday by William s. Humbert. the secretary and managing director
 MT. Hunrbert. who is we'll known banker of Phoenix. has been in Pres colt for the last ten days, supervising the issuance of stock. block of 600- GOO shares having been offered the public late last month. The offering was oversubscribed, entaili1g much detail and clerical work in arranging for the return of money to those whose subscriptions arrived too late and the making out of certificates to those entitled to stock The task has now been completed and other and more important work is to be taken up.
 "We have S5OO.OO0 in cash in the treasury of the company" Mir. Hum bert said, and this money will be placed in the banks in the territory where our stockholders reside. The interest on this sum will net us S20,O0C year and provide for all our office and other incidental expenses, leaving the principal intact for the purpose it was intendcd-determin a mine Placing our money in this way is simply in line with policy we have adopted of trading at home Further more our supplies will be bought ir the local market; that is providing the merchants and dealers will pro vide them at a reasonable price. This old bugaboo of high freight rates will not go. The merchants mus; meet prices else they will lose our business.
 There will be nothing secret f the conduct Of the business of tho company. We want every stockhold CT to feel free to ask for any informa ton he may desire. l will be at Je rome most Of the time directing af fairs and it will be my earnest en deavor to furnish at all times informa ton to stockholders who desire ii We intend also 10 keep stockholder. informed of our progress through tn, press and by printed reports, whicl will be mailed as often as circum stances justify. At the present tim geologists are going over the groun, and when their report is completed i will be embodied in pamphlet or let ter form and sent to the stockholders Our engineers will then determine tn, point at which work will be com menced, and that matter decided, wt will begin building roads to the prop erty. Development of the property will follow under the supervision oi our engineers. men who are acquaint ed with the district and its possi. bilities.
 As nave said before many times the Green Monster is purely a gambl, and everyone holding stock in il knew such to be the case when they invested their money. However l can say that the indications arc good and ii investors will hold to thei, stock, 1t is our belief that they will make money. We have made nc promises and will make none save that every dollar will be expended ir a business-like way and none will Dc wasted. The whole district looks good and if there is d copper deposit of any magnitude on the property, we promise the stockholders that their money will be used to find and de velop it."