Bisbee daily review., 1918-02-24
MINES. MINING LOCAL STOCKS AND COPPER
JAMES s. DOUGLAS IS NUMBERED IN.
 WELL KNOWN ARIZONA MINING MEN
 WHO HELPED PUT YAVAPAI ON MAP

was clnerent that he was willing 10 put up the necessary money when he had 10 have it in order 10 continue the work.
 People recognize that the stock is now undervalued at the marker, which is about SS7 al the present. writing. They should recall that there are many local people who were too wise" to buy it at g cents. It is also well to remember that. as the last S2S.eoo was disappearing. one of the most distinguished geoiogists ot America, after a thorough examina- tioo. strongly advised AIr. DOuglas ;o discontinue operations.
 No one knows what would have been the result if the management had not opened up its body Of rich ore before that last $s5.oO0 was ex- hausted- The strike certainly was very opportune.
 And then came the reward for all the work and worry of the preceding years.
 lt didn't all come at once
 lt took time to establish how big and how rich the new field was. Grad ually. as the mine began shipping nut ore that was richer than meh had even dreamed. and the companv's treasury began to assume the prODor- tions that come only to real mines. the price of the stock mounted. If was in this period that it lay within the power of Douglas to have secured for himself the stock of hundreds os small holders.
 When he had established the fact to his own Satisfaction that the Uni.ed Verde Extension was one of the hig- gest rich copper mines the world knew anything about. Mr. Douglas turned his attention to making it one of the best handled mines. This. of course. would require a permanent force of miners who were permanent because their jobs were attractive. To make job attractive, it must have good wages. the living cOndi- tiOns must be desirable for the wires as well as the men. and there must be good school accommodations for the children.
 Douglas at once began planning for model town on the ~HOgback." just below the present city of Jerome and at Verde. where the new smel;er Is being built. He intended to profit by the experiences and mistakes of hss neighbor and establish a community where the houses would be desirable while rents. light. water and other necessities would be supplied prac- tically at cost.
 AS soon as practicable work was commenced on a shelter big enough to take care of his own ores and large part of the ore from neighnor- ing mines that he feels certain win come In. This ,Smelter will be about four miles below Clarkdale. in the Verde valley. A railroad has been built to the site and much. Of the material for the shelter is already on the ground. The steel work of the shelter is almost complete and the brick work on the big stack consti. tutes itself a dominant land mark 10 the surrounding country.
 This railroad will be continued to the mine through a haulage tunnel. which will be 1S,0O0 feet long. At this time the tunnel is more than one-third completed This arrange ment will greatly lessen the cost or getting the ore to the surface and will mean a great saving in transpor- tation.
 An these thinrs were started under the immediate direction of Mir. Do1g- las. He could. of course. be building them all through subsidiary eOmpa- panies. using the United Verde Exten- sion's funds and keeping the stock for himself. It is not an unusual thing. and would prove highly profitable. since he would be his own best GUS toner. and he could afford to allow himself to charge prices that would insure him a mighty fine profit
 Of course. such methods would have cut down the ultimate profits of the holders of the United Verde Extension stock materially. They have not been used. The United Verde Extension now has about $6.O0O.0OO in it's sreasury-enough to pay for all the improvements Mr. Douglas has planned and is earning more at the rate of nearly a quarter million monthly.
 Two years from now the shelter will be finished and the Little Daisy ore will be carried to it's own smelter from the mine on its own railroad Since the freight bill in 1916. when only the high-grade ore was handled. was over Ss00,000. and the profits cE the smelting of from 60.000 to 75 900 tons of ore each month will he con Sidered. it is easy to see the wisdom of Mir. Douglas plans.
 He has already placed the $S.500.- Oo0 worth of stock of the Arizona E,x- tension railway among his friends and sold the bonds 10 the same value. This provides the finances for rail road direct from the mine and down the Verde valley. to where he can connect directly with the transporfa-