Mohave County miner and our mineral wealth., 1920-03-13
K|NCNAN CONSOLE DATED TAXES OVER
 ARIZONA BUTTE

The Arizona-Butte Mines Go. short ly will be taken over by the Kingman Consolidated Mines Co. and there after be operated under the name of the succeeding corporation. The stock in the old company will be exchanged share for share in the near future and the old company will be disincorpor- ated.. The new company has the same capitalization and same par value as the old company and all of the pro perty, opertions, assets and liabilities will be taken over intact so that the only effect will be a change in name.
 Following the recent visit and re- port of the consulting engineer of the new company, Robert Linton, several members of the Board of Directors including H. H. Patterson, President; HI. G. Veeder, Treasurer; Wm. H. Robinson Vice President; all of Pitts yburgh Penna., and Hon. J. c. Calla- ,ghan of Phoenix, Ira M. George and
 Henry M. Crowther of Kingman, in cluding Percy M. Hunter of Pitts burgh, visited the property of the com
 pany and the deep tunnel and as a result of these visits it was decided by the Pittsburgh interests to take fover the treasury stock of the com fpany to the extent sufficient to pro- vide the company with new capital of SIPS, 100000 which money will be avail able as fast as required to push the deep tunnel operations and improve and start up the present mill and do considerable new development work in
 the several mines of the large estate !of the company. ! Managing director Crowther states that it is planned to install electric power in the mill and the Banner mine operations for the present, and increase the air compressor capacity,
 both at the deep tunnel and at the upper mines and in every respect put in modern equipment and full facii- ties for increasing operations. The deep tunnel will be pushed with three shifts of miners and all possible speed.
 When a large mill is needed at the mouth of the deep tunnel there will be no delay in financing the improve ment. All plans are made to make of the Kingman Consolidated Mines one of the larger mining enterprises of Arizona, as all doubt of the future de- velopment of large ore bodies in ad- dition to the present known reserves has been removed from the minds of the operators. The Arizona-Butte Go. has produced nearly 5000 tons of rich shipping ores, mined by hand drilling and without modern facilities and with drawbacks that would have rendered profit out of the question for any but very wealthy property, and while this production has been profit able in spite of the lack of facilities this output would have shown a profit of about $100,00O greater had modern facilities been available. However this output has proven the property up in a most convincing way. Also the deep tunnel when available for use in ore production, will cut operation costs fully 500 and render ores of only $500 per ton profitable, but the aver age ore now available will go nearly three times this figure, that is the milling ores, of which there will all ways be steady production incidental to milling ore extraction.
 To date only one of the many veins and mines of the property has been operated, the Banner mine, except for a limited production of shipping sil- yer ore from the Prince George mine. The tunnel will open up at depth all the mines of the group and fully a dozen veins that have produced ship ping ore in the past.
 The Kingman Consolidated Mines
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