Bisbee daily review., 1917-02-11
Policy of Expansion on the Part of Big Mining Compa- nies Has Been the Saving Grace of Future Existence.
WRITER TELLS OF
 VARIOUS COMPANIES
Progress Made by C. & A.
 Company Called in Ques- tion-Other Properties Are Also Cited to Show Moves.

! (By George A. Newett, in Iron Ore)
 Iron Ore has frequently referred to the policy of expansion on the part of the mining concerns in which Lake Superior people are considerably iI- terested. having felt it our duty 10 make the presentations because Of the frequent protests by shareholders who argue that these companies already had enough of lands and ore reserves to warrant their activity for many years. It was the clamor against the action of Calumet & Arizona Copper [ company that was probably most heard in this particular reg,on.
 Original holdings Very Valuable. The original holding of this com pany was small in acreage, less than twenty and was embraced in the Irish Mag claim that stood directly in front of the rich mines of the Copper Queen company, in Bisbee. The single shaft put down on this claim found wonder fully rich ground at a depth of about $50 feet. It was alive with rich oxides, much native. and yielding anywhere from 10 to 90 per cent copper. From this claim about s11.OOOOOO were earned in dividends and shares rose magnificently to 1925 each, a wonder ful gain in a very short time after the rich mineral was found. Many share holders thought this would hold on forever. but the wise directors wee on the lookout for more territory and finally found it in claims adjoining on the south and east, down the val ley, and where many people thought the ores of the camp did not extend, figuring it held more closely to the higher ground.
 Elevation of Shafts.
 The mouth of the Irish Mag shaft was $500 feet above sea level, where. as the mouth of the Junction shat: of this company is 5.100 feet above the sea, a difference of 400 feet in elevation. Junction is located about 4,5OO feet east and south from Irish Mag, and there were those who argued that Junction was altogether too far away to be of value, that the ores could not extend that far or in that direction. It is well known now that Junction is one of the richest proper ties of the famous Bisbee camp.
 Took Persuasion to Get it.
 The editor of Iron Ore personally knows it took much persuasion on the part of certain of the directors of the company to purchase this June tion tract. big in acreage, although at some distance from the compauy's original workings, but it was finally taken over, for song as it has proved and it would have been actually criminal had it not been purchased at that time when it was SO easily avail able. It is one of the best portions of that great Bonanza Circle. AnG other properties very valuable, as later proved, were also obtained at very low prices. and combined they today give to Calumet & Arizona a splendid ore reserve that will last many years and permit the earning Of satisfactory dividends, because the ores are rich, are direct-smelting and can be pro- fitably worked even with copper sell ing at shilling per pound. It was good business to have secured these lands because had they not been pur- chased the company would now have been out of the mining business com pletely as the old Irish Mag claim is practically exhausted. The company today owns three hundred times the acreage that it did when it entered the Bisbee camp, and it may take over more lands if they are located night and can be had at the right price.
 Then Came New Cornelia.
 Our readers know all about the pur- chase and eQuippihg of the New Cor nelia property. located at Ajo. Ariz.. and where a wonderful teaching plant will soon be in operation and adding about 100000 pounds Of refined cop per a day to Calumet & Arizona's out put Many fought that purchase. but the company has a clear profit of
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