Weekly journal-miner., 1919-08-20
EMPORIA TAKEN OVER FOR NEW
 MANAGEMENT


 has been known as a high grad
 property for the last 30 years, is tc
 open up. On reliable information, i
 is stated that approximately $50,00I
 in gold has been taken from it by
 various leasers and in development
 during this time.
 The property has passed througl all the vicissitudes so dear to tho heart of the scenario writers that at tended such properties in the early days, and as conditions became more civilized it also enjoyed the distinc. ton of becoming involved and tied up ill litigation for some time.
 In 1916 the Golden Dragon Min ing & Milling Co. was organized and bought the property, consisting oi eight claims and mill site, but owing to war conditions, nothing further was done.
 J. Gardner Scott, who is to revive the property, says that the legal for malities for the transfer will be com pleted this week
 In reply to question, Mir. Scott said: Yes, am to take over the Emporia, or rather all the outstand- ing stock of the Golden Dragon Mining & Milling Co.,, which owns the Emporia group. This of course carries with it the control of the treausry stock.
 While not fully decided as yet whether to offer any of the treasury stock for sale, it is an advantage in case 1t ever becomes advisable to do so, to keep any large holding of per sonal stock off the market.
 About 75 per cent of the people who buy stock do so, not as an in vestment but to gamble with, while only about g per cent buy for in vestmcnt.
 This tendency of the 75 per cent has ruined many a company to the detriment of the 25 per cent and also held back and put in bad repute many good property. As I do not want to take the chance of history repeating itself with this company, considered it advisable to hogtie all personal stock"
 The Journal-Miner man being cu- rious as to the seeming incong ruity of an artist going into mining, took d chance and inquired what his reward would be.
 My real reason for coming to Prescott was, not to follow 2rt pro- fessionally but to learn the true con ditions in this and surrounding terri tory, with special regard to its min eral prospects, and if conditions war ranted to obtain a good prospect for eastern investment
 Learning of the Emporia, I in vestigated and found that it was far better than anything in that line l had hoped to find, not already "gob- bled up." It is a sleeper" and its present inactivity has been brought about by a peculiar set of circum- stances, not necessary to relate, other than to state that these cir were personal and had nothing to do with the possibilities or value of the property.
 "The only manner in winch I can account for local capitalists not hay ing acquired the property heretofore is that they were in ignorance of the actual conditions or on the principle that all hills are green ill the dis .ance'
 q am to have the general man lgement, but Intend to put the actual and further development of he mine under the supervision of competent and reliable nan, with many years of experience behind him.
 T feel that the Emporia has not lad a fair show and am convinced hat it will respond generously, ii given half chance. That ill fact at he present time it is both ready, able md willing, as the lawyers put it, to pay, and intend to see that it does pay"
 When asked if it were true that lrtists are impractical, he replied, Oh, can that noise! The real facts artists are that nearly all lrtists at some time during their ives have to learn and practice con ervative management in order to i've. To create a picture requires and system. What nore do you want? Conservative concentration and sys- em wll win out in any enterprise"
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 WANT SOME OILERS