Bisbee daily review., 1918-12-15
INSPIRATION WAS LARGE ACHIEVEMENT
 COLONEL THOMPSON
STANDS TODAY AS MONUMENT TO HIS PERsIsTENcY AND BE- LIEF IN FUTURE OF PoRPHYRY PROPERTY; TRoL NOW VESTS IN ANAcoNDA

The Inspiration Consolidated Cop per company was one of the large achievements of Colonel Thompson and it stands as a monument to his persistence and faith in developing the property. In little more than three years he took a comparatively unknown mining claim in Arizona. consolidated it with others. and solved the problem of the application of the Notation system in the treatment of low-grade porphyry ores at an aston ishing profit. Those who believed in Colonel Thompson and backed his judgment reaped rich rewards. Many held firmly to their stock through wide fluctuations during the period of development and the first years operations of the company saw it pro- duce $16,000,000 in earnings equal to the total amount expended in acquisi- tion and equipment.
 At one stage of Inspirations his tory the actual cash value of the stock was S70,000,000 and even at present quotations, which are about two and a half times par, the value of the property is upward of $60,060,00O.
 Colonel Thompson continues to oc' cupy his war offices" at l Madison avehue, on the 29th floor of the Metro politan tower, where he directed his teams in the Liberty loan, Red Cross and war relief drives. and where he still maintains the headquarters of the Home Paper Service of Westchester county, through which nearly 5000 papers are going to the men at the front at his own expense. Here also are the headquarters of the Home Service of America, of which he is president, and which under the cam paign management of Courtland Smith acquired a membership of 4000 small newspapers in this country devoted to the cause of getting the home newspapers" in each of the 4S states of the Union to the men in the trenches, and with the fleet.
 It has been reported in Wall street from time to time that the Anaconda Copper company had been accumulat ing stock of the Inspiration Consoli dated Copper company with a view to obtaining control of the latter. Il is stated that at the close of 1917 the Anaconda owned 250,900 shares of Tn spiration stock Since that time. ac cording to reports in Wall street. il had been gradually increasing its hold ings until at the present time 1t is the most important dominating influence in connection with the affairs of the Inspiration company. With the con trol of the property lodged in other hands, Colonel Thompson, it is un derstood, felt that there was no longer necessity for him to remain at the head of the organization.
 During the present calendar year the production of copper by the In spiration has fluctuated somewhat although there has been tendency toward improvement in the output re gently. the October figures showing 125,OO0 pounds of copper. compared with 7.S00,000 pounds in September and 9,00O,OO0 pounds, each in both July and August. Compared with the production of the late months of 1917 and the early months in 1918, the October output represents a substan tial improvement.
 The Inspiration, as result of the methods that have been adopted ir connection with its mining and treat ment operations. is able to produce copper at a comparatively low cost This has resulted in handsome profits that have been recorded by the com pany since the date of its inception At present SS per share is being paid on the outstanding capital stock or Ithe equivalent of 40 per cent.
 In 1916 the company earned s17.4S per share on its outstanding stock and S9.3S per share was earned ir 1917. Those best informed regarding affairs of the company entertain the belief that it will be possible to con tinue the present rate well into the future, unless developments in the copper world are of a character tc upset completely plans in connection with current month to month opera