Bisbee daily review., 1917-01-28
m 1877 to l917The storyof the Famous Warren Distr

The results we all know. Our own railroad projects would probably nev. CT have been thought of if we had been lined up with strong road from our point of delivery.
 Opportunity Overlooked
 Had the Santa Fe built from Dem ing to Guaymas, via Bisbee and the Sonora River, they would have abso- lutely controlled the freight of Bisbee and the Cananeas. Cananea would probably have sprung into prominence long before it did and this Sonora branch of the Santa Fe, instead of Icing a drain on the parent stock, would have been a profitable feeder.
 'The extension of the Arizona S5 Southeastern into Benson arose out of a disagreement with the Santa Fe ov- er a lumber contract. The Copper Queen had bought it's mine dmbers for about ten years from Mr. Ross, whose s2wmiils were in Rock Canyon in the Chiricahuas. about 1000 feet above the sea The land department, however. decided that the land on which he cut was agricultural. not mineral, and instituted a criminal ac- tion against Ross and a civil action against the Queen. The government lost it's suit against Ross on the first trial, but the civil action against the Queen dragged on until 1902 when it vas decided against the government " the supreme court of the United States.
 Since 1888 the Queen has enjoyed osperity-nOt without waves of de-
 ressiOn-but they never sunk her be- 1w dividend level. The dividends we're, however, for many years small
 'The Arizona & Southeastern Rail 'oad was therefore built and owned
 the Copper Queen company until
 901. When it became desirable to 'xtend the railroad outside of the li1,- ts of the Territory of Arizona. and Of other reasons, which recent legis- atioH has proved 10 have been good, he Arizona (; Southeastern was sold O the Fl PasO & Southwestern Rail 'oad Co. for S75O.O00 in cash. This mount was distributed as a special 'ividend tO the shareholders of the Copper Queen Company. Since then. mining and railroadins have been com )letely disassOciated.
 Prosperity Waivers
 The most prosperous period of the 1ine's history, considering the small 'utput of copper and the insignificant investment in plant, was it's first four ears, when from some 36.0OO, 900 ounds Of copper produced $1.35O.O00
 ss distributed as dividends Then 0llowed three years of distress when 2bts, not profits, were accumulated
 1888 Sl40.00c was distributed and 'l50,000 in 1889. when the price of opper fell to almost as low an ebb as n 1886 and 1887. With the copper loom of 1890 and 1891 they rose to f2O,000 in 1891, only to sink again io 100000 after the panic Of 1893. Since 'en the dividends have responded to he greatly increased production.
 We have already remarked that the supply of ore during the first two years after the consolidation came mainly from the Atlanta ore body. and hat in 1886 the John Smith and South. vest ore bodies. also in the Atlanta were discovered and opened. The ore from these stopes on the second and 'hird levels of the Atlanta yielded between s and 9 per cent copper. and was practically free from sulphur supplying the smelter for three years with over 75 per cent of the ore, the Queen itself contributing nothing. This wonder Iul ore body. the Southwest. was cut off sharply al 9 feet below the third level. as the original Queen ore body terminated below tbe old 100 Chc ore sent 2nol. Other sources had. howov. pr, meanwhile been developed notably l h the Dividend, but these new ores .