Weekly journal-miner., 1918-01-16
BIG OPERATORS ENTER COPPER
 BASIN FIELD
w ELL.K WIN MINING SYNDICATE TAKES OVER THE ARIZONA PORT LAND, THIS WEEK ANU OPERATIONS BEGIN.
(From Fridays Dailyl

What is regarded as one of the most important mining movements in many years in this field, is the an- nouncement made by those interested of the sale of the copper holdings os the Arizona Portland Company in Copper Basin, the operators succeed ing to this holding being the Inter national Syndicate of Mines and Shelters, a corporation holding a charter from the State of Delaware.
 The representative in this big deal was L. P. Morgan, who is the con- sulting engineer, and who also is to direct operations as general manager. Mir Morgan is now in this city, and stated yesterday the formal transfer of the property was consummated this week, and initial exploration has started.
 The fact of the above large mining company entering the above field, to- gethcr with Mir Morgan deciding to make this city his principal base of operations, are matters of very much importance for the future of the in- dustry generally and for Copper ba- sin specifically. The new company has extensive mining and oil inter ests throughout the nation, and onc of their principal holdings is that of the famously known La Bonito Gro of Mexico. Mir. Morgan, through whom this deal is due, IS geologist who enjoys worldwide prominence, his fields embracing Africa, South America and the United States. His advent to Arizona is due to observa- tions made several months ago in Copper Basin, where he quietly con- ducted investigations, and arriving at absolute determinations, concluded to act in taking over the Portland. Negotiations had been progressing for some weeks and the climax came only a few days ago. In outlining plans for the develop ment, Mir. Morgan stated yesterday depth will be the integral factor of this undertaking, and from which he is sanguine of results. There is only one solution for successful mine op- erations, and that is to give great depth," he said. Continuing, he stat ed that Copper Basin has an attrac, tive inducement for this action to be extended, and his company IS equip- ped to accomplish that purpose. 1 Under this new arrangement the Portland has swung into activity al- ready in a practical and energetic manner. Two shifts are at work, ma chinery is en route to increase the power facilities, and complete cleo tric system is to be installed forth with. New camp buildings are to be erected, and an incidental line of i1i- provements made. But said MT. | Morgan, "the essential consideration of my company is to be centered to- ward mining, and after we have made headway and if conditions warrant, the big camp will come"
 1 The first car load shipment of ore will leave later in the month for i Humboldt. and arrangements are be- ing made to ship to the Selby Com pany at San Francisco, which has i facilities to handle the molybdenite which is associated with the main values in copper.
 The new operators are also think. ing of bringing a plant from one ot their units in New Mexico, that has i capacity of 500 tons, and this will be done just as soon as the Portland 1 situation warrants.