Arizona republican., 1919-08-01
MINE PROPERTY
 TRANSF ERRED IN
 S450,0O0 DEAL
Syndicate Pays Nearly Half a Million for 32 Claims Near Superior = Regard ed as Valuable Property.

One of the biggest mining deals in ronrier uroperty put over recently in Arizona was consummated yesterday when the final papers were signed for theitransfer of 32 of the claims belong ing to the Consolidated Holding com pany to the Grand Pacific Syndicate for the sum of S45O000.
 These claims, popularly known as the Daggs Group, were located in 1899 by "A. J. Daggs and Hugh K. Daggs. They are located adjacent to the Grand Pacific group already owned by the purchasing syndicate, are about one milo from Superior, and near the fam ous Magma mine.
 The purchasers were represented in the transaction by J. c. Denton, gen sraI manager of-the Grand Pacific Cop peri company and the local interests by Hugh Daggs and P. H. Hayes, presi deutl and secretary of the holdings contiany. The purchasing syndicate is made up of about 40 big New York and Pennsylvania capitalists, headed by C. ..Steinbrenner as president. Mir. Steinbrenner is vice president of the GaIena Signal Oil company, 30 mill lion dollar compapny, and the Grand Pacific company is capitallzed at s2,- OO0i0bO.
 Highly Valuable Property
 Before the purchase was completed the property was inspected by Dr. w. H. Weed, the geologist and engineer for the syndicate, and had previously been reported as a highly valuable property by some of the best engineers and geologists in the profession.
 The four original claims which were acquired by the Daggs interests by purdhass, were long worked as silver mineR, without regard to the copper possibilities. At one time the Monte Carlos and the Touchnot claims were exteAlsivoly worked for silver, which was, hauled to Tempe, the town of Superior not being in existence.
 Surface workings have indicated as high as l7 per cent copper, SAP per ton gold and 33 ounces of silver in the Mc5kce Carlo claim, and some very high DC 6entages in other claims. Several ilneS in the past few years the prop 'ty has been about to be sold large lumber of times to big interests, but various interests connected with the wal fiiprevented the consummation of the deals. A deal was practically com pletel with the Lewisohns interests whes war broke out between this out fit and other moneyed interests.
 The Calumet and Arizona had an option it was about to take up when the. war broke out in Europe. It asked for an extension, according to Mir. Daggs' statement, but it was refused.
 Has Tragic History
 The purchasing syndicate is to put in electric equipment throughout, and has already ordered the machinery to install a central generating plant to work both the property they already hold and the new purchase. The con tract calls for not less than s3,000 per month to be expended in development to begin in not less than 90 days.
 T9ie property just sold has an inter- esttng and, in places. tragic history Worked in part as silver property for years, sold and resold, titles contested in court, and murders on account oi the value of the claims all enter into it's history.
 On January 1, 1908, A. J. Daggs and George Dittmore were ambushed and shot on the Delaware claim. Every thing living that left the Daggs camI that morning, including the two men horse and two dogs, were killed The murderers were convicted anc afterward paroled by Governor Hunt