Mohave County miner., 1917-05-19
(By William P. De Wolf).

Verde Extension Mining company, owner of the famous Little Daisy mine at Jerome, has announced that the di- rectorate has decided to invest S5OO,- 900 of the company's surplus in the governments Liberty bond" issue; which would indicate that patriotism and pay streaks each have an import ants place in the company's affairs during this perilous period of alternat- ing reports of peace proposals and long protracted war.
 In fact they are synonymous terms with the management as the richness of the Extensions pay streaks enabled it to set the other mine homogeneous of Yavapai county an example in prac- tical patriotism to which the commu- nity as a whole "point with pride" Possibly, our friend, the enemy, "views with alarm" this action on the part of the Verde Extension management, but if so, it is about the first sign of fear "Fritz" has betrayed during the worlds present unpleasantness.
 Can Afford to Subscribed
 The condition of the Verde Exten- sion's treasury is such the $5OO,OOO subscription to the bond issue will not in any way hamper mining operations or curtail dividends as the surplus cash on hand in early April was in ex- cess of $4,OOO,0OO. Ore in transit, or at this time unsettled for, has a value of approximately s2,5OO,OOO. At the present rate the ore shipments for May will total about 10000 tons. The general average grade of the ore is p per cent copper.
 Excellent progress is being made in sinking the new working shaft and in expanding the boundaries of the com pany's high grade copper ore deposits. With the passing of winter construc- tion of the Verde Extension shelter has been speeded up and before snow blows again will be well advanced. Ad- vantage is also being taken of favora- ble climatic conditions to build the four and one-half miles of railroad from the smelter to the tunnel, and to hasten the laying of the three and one-half miles of track leading from the smelter to Clarkdale.
 Jerome Copper Co. Financed.
 Plans for financing the Jerome Cop per Mining company have been com pleted and are to be supplemented at once by the inauguration of an ag- gressive campaign of development on the company's mining holdings at Je- rome. A. L. Johns, mining engineer of recognized ability and standing, will be in charge of the work.
 For some time past E. A. Kastner; president of the company, accompa- nied by Homer King, the company's consulting engineer, has been in the east arranging its financial affairs, I, with the result that a substantial fund is now available for the development of a property long acknowledged to be one of the most promising in the famous Verde copper belt. This fund will first be drawn upon to meet the expense incidental to the selection of a shaft-site, and thereaf- ter for the purchase of adequate ma chinery and for sinking the shaft to the strata of primary copper enrich ment. The development campaign will start upon the return to Prescott of Messers Kastner and King.
 Property We'll Located.
 The company's estate is known To- cally as the Ewing & Hooker" group. | It is situated in a well mineralized section of the Verde district, adjoining the holdings of the Green Monster company, and has been favorably l passed upon by several prominent | mining engineers. J. Wellington Finch, the noted mining engineer, and Dr. | Walter Harvey Weed, the eminent | geologist, have placed the seal of ap- | proval on the adjoining property and | have expressed the opinion that the section is in general one of unusual | promise from a mining standpoint.
 The mineral showing on the com pany's Porous Iron claim is particu- larly noteworthy as it is indicative of a large and valuable underlying body of copper ore. The surface and tunnel showings on this claim are, in fact, equal to the best at Jerome, and are said to have influenced the favorable decision on that section rendered by Messrs. Finch and Weed. The face of the tunnel carries chalcopyrite and native copper, associated with gold