Bisbee daily review., 1921-05-22
Mining News advertisements And Prospect
Calumet & Arizona Operations Story
 Of Great Interest
BY GEORGE A. NEWETT (From Iron Ore.l

1 The story of Calumet & Arizona l Mining Company's operations at Bis bee, Arizona. is one that always has great interest for those who are di- rectly associated with it, as well as for the reader who Is attracted by ac- counts of great achievements in dig I ging values from the bosom of the earth. No other vocation has so many 1 thrills as that which has for it's ob- iect the winning of precious metals | and stones and the gamblers chance brings into the game people from all walks in life who hope. by a lucky strike, to profit magnificently from a small investment. It is this inherent trait that makes the world the field of the stock promoter in all manner of enterprises from the drilling of wells earth and sea. Always the lure is at tractiYe to certain people and brings to hook those who are favorably Inn pressed by the prospectus. Ever there is hope, after one makes his invest ment, that tomorrow will unearth the
  quently good money follows that which has no chance to win and it is a regrettable fact that the failures far outnumber the successes. This is true of all lines of effort, probably, and for the loss we may console ourselves with the knowledge that it generally is true that taking the gamblers chance often finds the mine. Some one has to take the chance.
 Calumet Men Took One
 ! It was 22 years ago that the Lake Superior & Western Development company was formed to develop min ing property located in the Bisbee. Ariz.. camp. and in the work of or ganization a man named W. Arthur Phipps; WAS prominent. He was a university graduate who had written insurance. sold mining shares. etc. He had met John Graham at the Tama. rack mine. and Graham had worked in the old Lowell shaft of the Copper Queen mine, at Bisbee, and knew something of conditions there. Mar | tin Costello, of Bisbee. had an in- | terest in nine claims in the Bisbee camp that he was then seeking title 1 10. Graham was sent to Bisbee by the Lake Superior & Western Develop ment company officers to get in touch with things.
 Captain James Hoatson Followed Shortly after that Captain Jim" | Hoatson was sent to Bisbee. He was an old copper miner who had spent dozen or more years in Butte, Mont. | at the Boston & Montana mine, and | he knew copper ore thoroughly. He was of a noted copper mining family that had made successes in the Calu- met, Mich, and other fields. the fa- ther having been prominent in the de- velopment of mines In the Ontonagon and Keweenaw districts.
 Captain Hoatson secured permis- sion to go into the Spray mine of the 1 Copper queen company and was prob ably introduced as cattle man. While going through the mine he observed a bulkhead located about 50 feet from the Irish Mag claim of the Costello group and asked some questions con cerning it., receiving some answer from his pilot that wasn't parttcularly conclusive. Captain Hoatson saw the formation and noticed that there was rich oxide ore right up to this bulk haad- Z.
 l Then Looked for the Money Captain HoatsOn returned to Calu- met and started out to rise money to secure a foothold in the Bisbee camp. It wasn't so easy and $100,000 could not have been secured had 1t not been for the aid of Mr Charles Briggs. president of the development organi- zation. Norman Mcdonald was the treasurer. and Gordon R. Campbell. rising young attorney. was the legal adviser. Tn May Hoatson and Camp bell went to Bisbee but Costello would not then treat with them as he was
 awaiting a decision from the courts to decide title to certain of his lands.
 Tn the following August, Costello
 having been granted title by the courts. was ready to trade. He went
 to the Copper Queen people, as it ap- pears he had promised to, before bar gaining with others to a conclusion.
 but they would not accept the terms
 offered, which was on the basis of a
 half million dollars, so Costello gave
 an option to the Calumet concern. He
 had divided his claims In three groups
 and the one with the Irish Mag. the
 Hope and the Wagner claims, three
 in all, was the one taken. MT. Camp
 bell looked up the titles and then
 terms were arranged. all payments to
 be made at the end of year. After the stock had been placed
 among the Calumet country people
 some of the latter began to find fault Rumors were circulated to the effect