Weekly journal-miner., 1920-12-22
COPPER FUTURE GREAT SAYS
 FINANCIER

when they accompanied a party ot eastern capitalists on a visit to the Verde Central property located near the Copper City on the Jerome Prescott highway, w. F. Staunton, president of the Verde Central and vice president of the Calumet Oil company, and C. T. Joslin, one of the chief local investors in the Verde Central and president of the Arizona Mine Supply company, last night stated that the group of eight capi- talists whom they escorted on the "trip to the mine were very pleased with the property and will return Ihere next April.
 In the party were Captain Thomas Hoatson, Laurium, Mich; John C.. Oliver, Pittsburgh; Gordon Camp bell Calumet, Mich; Thomas Cole, New York city; Thomas Collins, Calumet, Mich; George A. Newett, editor of Iron Ore, Ishpeming, Mich; William B. Mershon, Sagi- naw, Mich; Walter B. Congdon, Duluth, Minn.
 Hoatson, Newctt, Mcrshon, Cong don, Cole and Collins are directors in the Calumet & Arizona company. Campbell is secretary of the same corporation. Oliver is an officer of the Ray Consolidated.
 Hoatson and Collins are already heavily interested in the Verde Cen tral and it was at their request that the six other millionaires came to look that property over They came from Prescott in automobiles week ago Saturday, but stopped at the mine and did not come to town till late in the afternoon. That evening they spent with George Kingdom, Dave Morgan and other copper men at the Extension.
 Without a doubt this is the most important group of capitalists which has visited the Verde district since the days of the big boom.
 While i'll Prescott the party were entertained by MT. C. T. Joslin, staying at the Yavapai club as his guests. Though they had planned to stay at Phoenix, they stated upon leaving this city that they were glad they had changed their minds, being very pleased with Prescott and with the reception they received here. Asked last night what he thought of the copper situation, MT. Staun- 1 ton replied that Solomon had sized the situation up correctly when he said What has been shall be-"
 And Solomon is recognized as having been about the wisest old party that ever lived" he added.
 While he does not believe that copper is going to take sudden turn for the better during the next few months, Staunton is of the opin ion that it's past clearly shows what it's future will be, and that in short while the demand for this metal will give an impulse to its production at least equal to that which 1t felt before the recent slump.
 Consider the record of copper" he said, Beginning about 1860, cop per consumption has consistently risen in an ever more abrupt curve. During the past IS years copper consumption has been continually greater and one year of falling will in no way seriously affect its con tinued development.
 Citing the increasing use of cop per in many new ways, and the necessity confronting the railroads for development in the direction of identification, Stauuton declared it his belief that while the copper situ- ation is admittedly poor at present, it will not be long before it will be- gin to improve, with a new rapidity.
 The railroads are being forced 10 identification" he declared "The large trunk line scheme now being inauguratcd in the eastern states, uniting practically all existing plants ] as well as many to be built in the vicinity of cheap sources of power, i IS the beginning of a plan that will . cover the country and . make possible the identification of . all the railroads, as well . as thousands of other industries. All of this, which is surely coming in the very near future, will tax our copper producers to the limit to sup ply the metal"
 It is the opinion of Staunton that Inc present situation in the industry $ not half so serious as was that of 1907, when the Humboldt smcltcr vas forced into a receivers hands. ( And the Humboldt shelter has q ,cen back in the field for some time