Weekly journal-miner., 1921-06-29
OLD TIMES IN
 PRESCOTT STOP VERDE CHIEF RECALLS.
(From Friday's Dailyl

From Fridays Daily) A trip by automobile over the Prescott Jerome short-line yesterday reminded Senator w. A. Clark last night, of his first journey to the site of his present holdings in Yavapai
 county, and the story came out at gathering in the private car. "It's : a good road" the senator agreed. : Because a copper refining company owed him some money and was nearing the ragged edge of despair, Senator Clark in 1888 was obliged
 to take over the refining outfit ih New York, and while operating it, came across some of the matte from the glory hole.' Later, while d ; delegate to a mining congress at New Orleans, he ran into some
 samples from the same mine, which
 confirmed his first estimates of its
 value Being in an investigative
 mood, the senator journeyed to Pres
 colt and one snowy afternoon with
 two others and four horses, rode to
 the ranch that then lay in the mouth
 of Yaeger canyon.
 "It was a dangerous trip" the
 miner said, flor the snow was soft
 and the horses had bad footing" The party reached Jerome's future abiding place and found three men ; in the camp. In this respect, Je-
 rome then and Jerome now are not so dissimilar. The three men in- cluded notary public, Mir. Hull , and another.
 Clark, then a youth of around so years, proceeded to sample the work
 ings. 7i The previous sampler had made : mistake. I don't want to mention mans name in connection with an
 error of this kind"
 But the net result was the United Verde mine, with the great apuurten- ances thereof, and its present broad
 place in Yavapai county.
 Senator Clark is keenly sorry over
 the necessity of closing down. This has been his first shutdown. It is
 necessary, of course, the reasons hay
 ing been most fully if ruefully dis
 cussed.
 Next spring is the earliest moment there will be a copper market, i'll the
 opinion of the senator. He is not . going to start producing until that sort of stuff can be made out of ore at a cost somewhat less than the market price, but when the demand
 does exceed the billion pounds re-
 serve supply. the United Verde is 3 going to be in position to go ahead 7 with great speed and activity. That f is the reason for this trip-to see t how Assistant General Manager R. ;, E. Tally is getting along with the preparations The construction of . the Cottrell plant for retaining cop
 per from flue dust and the monster f crushing plant, which will cost about . $800000, will give employment to 9 good many men. There will also 7 be little mining done but nothing in the smelting line yet These ope- $ rations, together with the proposed ' road work and the construction of , new buildings at Whipple will give 2 work to lot of men, the senator
 says, and he hopes that the situation
 will work out until prosperity can
 return to the metal business.
 Everything is in fine shape at the
 mine and smclter," the veteran de ! c1ared He is pleased with the pro gress of new work.
 The copper slump, he attributes to
 the drop in demand due to lack of
 credits and working organizations :. arising from the war, the great re- f serve supply, including the quanti- 1 ties of brass that are being reduced e back to pure copper, and the pro- . longation of the slump will be due :, in large part to the recent financing | venture ill which $400COOOO was ad- f vanced on 4CO,OOO,OOO pounds of cop . per at s per cent
 "When these loans begin falling - due, there will be a great incentive ]. to sell, no matter what the price, I on the part of producers who have :, accepted these loans l did not par
 ticipate. because I did not need to. I But many of the big concerns did g the Guggenhcims, the largest" ;, The first hopeful sign, according : tc the mining man, is ill the appar- | ent settlement of the German in- s deinnity matter. Germany will be
 the great copper market because it Ihas the use for the metal and has ef-
 ficient labor to produce manufactured y things. After credits are established
 d., rr