davidaulloa/AmericanStories huggingface dataset:
Mohave County miner and our mineral wealth., 1922-03-24
DISMISS OIL SUITS

l. The government has dismissed its suits in the supreme court of the United States against a number of California oil companies, a settlement out of court having been arranged. The basis of the settlement is the pay ment of all costs by the oil compan- ,ies, which are understood to amount to $50,000, and the approval of the rights of the companies to the lands in dispute, it being agreed that the companies went upon the lands in good faith and prosecuted their de- velopment as speedily as possible. The companies had purchased title to the lands from original locators long be- fore the presidential order was pro- mulgated withdrawing the lands from entry, but had not begun active devel- opment of the property until a year later, owing to various obstacles. The suit was based on the theory that the order of the president was precedent to actual development and that there fore the companies automatically were relieved of all rights in and to the disputed acreage.
 The settlement of the cases leaves the companies free to develop their property, which will result in the in tensive operation of a large part of Kern and Tulare counties, which are known to be oil bearing.
Mohave County miner and our mineral wealth., 1922-03-24

200 feet from the surface. The hole is gaining depth at an average of IS feet day at this time. It is designed to enter the vein coursing through the property at it's junction with the rhy- olite dike with which the Oatman Uni ted, United Eastern and other ore bod ies are associated. It is calculated that the junction of the vein and the dike will be found in the Big Jim Consolidated at a depth of 600 feet. The drill site on the Big Jim Con- solidated is about 2,70O feet west of the Oatman United and 1000 feet in the same direction from No. 1 shaft of the United Eastern Mine.
 Preliminary to the resumption of ex- poratory work by drilling on it's pro- perty adjoining the Black Range on the northeast, stockholders of the Nellie Mining Company met recently at Colorado Springs, Colo, and in- creased its capitalization from 1,0OO,- 900 shares of $1 par value to 1,75O,- 900 shares of like par. It is under stood that negotiations are under way for the refinancing of the company on scale insuring the thorough develop ment of the property, which is highly regarded by mining men familiar with it.
 In addition to those already men, toned, Oatman properties at present being explored. by diamond drills, in- clude the Gold Dust, United Western, Merry Widom, Tom Reed Con 70O-ft. level of the Red Cloud shaft), United Eastern Con 700-foot level of its No. 8 shaft), and San Francisco.
 l, The Telluride and United American companies will shortly begin ship ments of ore to the Tom Reed mill, which has capacity of 250 tons daily.
Mohave County miner and our mineral wealth., 1922-03-24
CONTRACTORS BUSY
 ON SANTA FE WORK

The contractors building the second
 line of trackage for the Santa Fe are
 fast getting their crews lined up for
 work. Just below town the steam shovels are excavating for the bridge
 foundation across the canyons and the
 casting of the foundation blocks will
 soon be under way. At the same time the drills are at work in the rocky cliffs breaking way for the roadbed
 fifty feet above the present line of track. This work is to be the most important on the road on account of its position under the heavy escarp- ment of the bluffs and through nearly two miles of the heaviest rock cuts and fills.
 To the east of town the work of grading the roadbed is under way, several miles of this work having been completed. A large outfit of teams and fsesnos are doing this work, which is going on with surprising rapidity. Every day finds new crews coming in and within the next two weeks about 3 ,000 men will be employed. The of the work cannot be yrasped by the ordinary man, but when it is understood that nearly two years will be consumed by the big outfits before the road is in commits sion from Griffith to Yampai some idea will be gained of it. One thous- and teams, three thousand men and seven large steam shovels will be used ,n the job.
Mohave County miner and our mineral wealth., 1922-03-24

o, love you, Arizona, ,;t And Pm coming back to you. I can hear the quails go whirring, See the rabbits leap and hide, And the happy chipmunk scampering Searching food afar and wide; And my friends-Yes, can see them Waiting there so staunch and true O, love you, Arizona,
 And Pm coming back to you. I can see the vast plains stretching Miles and miles and miles around, City of Gods own creation, Silent save for Natures sound; Silent save for breeze that whispers Like prayer-then falls like dew O, love you, Arizona,
 And Pm coming back to you.
 Jamie McMillan Lewis.
  WE DO THE CLASS OF PRINTING
Mohave County miner and our mineral wealth., 1922-03-24
COLORADO RIVER COM.
 IS BUSY WITH PROBLEM
(Continued From Page D

and the elements making it unpleas- ant, nevertheless, hundreds came out to hear what they might and to add what they could to the occasion. Many of the speakers told in plain unvar- nished terms what was necessary and others told the committee that if they needed" their services they could al ways be had for the asking" but what account these services might be to unravel the river snarl was not di- vulged. Federal Director Davis em- phaticaly denied that any surveys had been made of the Glenn Canyon dam site, other than a few bench lines, while Boulder Canyon had been thor oughly plated and it's feasibility fav- orably passed upon. And according to the opinion of the director it was the one and only place in the Cobra do river that would provide ample flood protection and would create all necessary power for the present needs of the southwest. His pronouncement against the proposal of George H. Maxwell was most emphatic, carrying with it the conviction that practically all of the proposals were propaganda directed against the early development of the one project that had been searched out-Boulder Canyon. And even Mir. Hoover took the view ex- pressed by Director Davis, lining up against the propaganda of the private interest crowd.
 Mohave county representatives were certain of their position, having at all times been favorable to the building of the dams on the Colorado river by the federal government, and in this position they had the backing of every interest along the reaches of the stream, especially those most vitally concerned-the people of Imperial and Yuma Valleys. In presenting their reasoning to the commission they evi- dently met with a responsive chord in MT. Hoover, as he commended their position, and in conversation with An SUI II. SIIllIu gave doou1 oiiSC Iihe iiS would use every endeavor to convey to congress the necessity for the i'm mediate building of dam at Boulder Can yon to safeguard the people of the lower valleys and to bring into culti- vation a large acreage of rich lands that are now subject to overflow. MT. Hoover believes in the building of this one important dam and before other activities along the river are under taken to make supreme effort to bring the states together on com prehensive plan for the development of it's entire potentialities.
 MT. Hoover and his party went to the damsite last Saturday and saw with his own eyes the possibilities of the dam at Boulder Canyon, especially taking in the vast area that will house the compounded waters. He again saw the necessity for immediate action when he gazed upon the great Imperial Valley, with it's wealth of growing crops, and when he gets to Washing ton the people may be sure that he will bring to congress report that will bring this southwestern country something worth while.
Mohave County miner and our mineral wealth., 1922-03-24
N0HAVE COUNTY MOST PROSPEROUS
 MINING SECTION OF SOUTHWEST

satisfactorily in the Oatman United and United American workings. Dud- ley's plans for development follow the financing of these properties in San Francisco and Los Angeles. Listing of the three on the San Francisco and and the Los Angeles stock exchanges is to be followed by the placing of the stock with New York brokers and the calling of the issues on the New York curb.
Mohave County miner and our mineral wealth., 1922-03-24

Every man and boy in Breathitt County, Kentucky, volunteered for ser vice when the World War came.
Mohave County miner and our mineral wealth., 1922-03-24

Sometimes I get to dreaming
 Of the land I left behind, Of the dear old rugged mountains, Then my heart beats loud and louder, With a yearning deep and true o, I love you, Arizona,
 And Pm coming back to you. l can see the wild flowers springing From among the rocks and dust, See the tall old cactus standing,
 Gaunt old mesquite and sage-brush; Then my heart calls out with longing, Memory's song must wake anew
Mohave County miner and our mineral wealth., 1922-03-24
''I'M COMING BACK ..
 TO YOU, ARIZONA"

Editors Note-Written by Jamie Nc Milan Lewis, of fredericksburg, Va. Miss McMillan is Chloride girl, the daughter of J. M. McMillan.
New-York tribune., 1922-09-11
Amnarn Mining Stock

Questlon--May the writer ask you to
kindly give him such information you
may have conveniently at hand regarding
the Amparo Mining Company, Phiadel-
phia outfit, now quoted at 90 cents bid
and 81 asked and having recently de-
clared a 3 per cent quarterly dividend on
its 81 par? Especially should the writer
wish to know the price range kind of
mine, management, etc.--G. II. e.
Answer-The annual report of the
Amparo Mining Company for 1921 in
dicates strong cash position. Capt.
talized at $2,000000, the company has
quick assets of $1,297,746.59 and mis-
cellaneous assets of $283,415, against
current liabilities of $84,216. Property
and equipment, after an allowance of
$S02,065 for depletion of mineral re-
sources, is carried at $.,627,504. Net
profit from operations was 5000, ,421, and
after payment of dividends of IL per
cent for the year surplus account was
increased by $69,421. Of this amount
$4,000 was transferred to the contin-
gent fund, which amounts to $150000
as of December 81, 1922. Surplus as of
the same date is $1,041,018, A report
of the president of the company refers
to satisfactory progress having been
made notwithstanding a decline in the
price of silver. Costs have been con-
siderably reduced
New-York tribune., 1922-09-11
E1changes Suggested

Question---Wil you kindly pass 5udg-
Inent on the following holdings? have
ten shares each OF Great Northern, Atci1i-
son, Topeka & Santa Fe Chicago & North
western and Northern Pacific; also bond
OF Empire Gas and Fuel Company of Della
ware; New York Telephone 6s, 1e4i; SWIFT
In addition to the above have an allow
ance OF 800 month am alone ana M
solely dependent on this income. For the
small amount hava do you conider am
carrying too many Of the Swift CO.
notes2 They are callabe at q premium;
that is what troubles me am also
told that tho Empire Gas and Fuel bond
Will be called in few weeks. with that
amount when called and another $1,000,
what would you advise for the invest
ment? What do you think of secondd
New York Telephone Edison bondY
The little financial experience ] have is
very recent. VIII you also please tell me
II bondhoders are notified when bond Is
called and are they returned to broker
from whom purchased? LIZ the interest,"
paid to time Of calling Mrs. s. W s.
Answer Yourrailroad stocks are all
of good grade, although the Great
Northern, Northern Pacific and North
Western issues are not without an
see no reason for changing any of them.
The $1,000 in Swift rs seems too large
an investment in one bond. We suggest
JHaL you SClf DHtUNV anu lSlHfcoS -
$4,000 United States Rubber 5s, 1947,
yielding about 81 per cent, and twenty
shares of New York Telephone 61z per
cent preferred stock, selling recently
around 110. You can do this without
any loss. We think the Empire Fuel
and Gas 71as hardly suitable for you,
especially as you do not want to watch
for redemption notice. An exchange
of this bond for Great Northern Is,
1885, yielding about 81 per cent, would
be good move. When bonds are
called for redemption notice of such
action is conveyed through an adver-
tisement in the newspapers, usually
in the city in which the issue was
first made. The investor is put to the
necessity of watching closely for such
notices Interest is paid up to the
time the bonds are redeemed. The
issuing house may not necessarily have
anything to do with the redemption,
as this task is performed by the trus-
tee. We do not think you have too
many Liberty bonds
New-York tribune., 1922-09-11
Investment for Frenchman

Question---Anxious to provide q SAFE
source or income to fall back upon In case
OF serious reveraes in his European invest
ments, my brother lawyer and French
citizen residing In France haa asked me Ia
invest here an amount of S2a50o rein
vesting the income thereof an II anc,rYn,
lated My brother Is fi1ty-four years oitf
ana suI mead OF family of five children.
W W ME IN good circumstances he feels great
enxiety over the European gitpafion sns
has suffered severely this depreeiation ~
FUNDS Invested over there. Safety heinz
an important condition, / do nos thinis
9, higher return than 8 "a per cent aysraee
should be expected and would prefer sirst
M class bonds How many of each kind
Would be Your idea of diRtributior 4
suggestion list will ba very gratefuily .oa
sidered. .---H ]. b. se1
Answer We consider the acceptance
Of an average return of 51s per cent is
wise and folloy that idea in suggest
ing that you buy $4,000 of each Of the
following issues: Laclede Gas and
Light 5s, 1884; Cincinnati Gas ana
Electric 5las, 1861; New York Doe, I'd
1851 Western New York and Pam e
1887; Wabash Railroad, Toledo Il chi
cago dividends 4s, 1851; Southern
Railway Dis, 1865; ST. Paul and Kansas
City 45as, 1941 Missouri Pacific as
1879; Kansas City Southern 81 iago,
Treat Northern bs, 1852, Baltimore q,
0nio 5s. 1895; Chicago & Wess
indiana as, 1852; Coforado & Soushar,
1as, 1885. The cost % these bonds
will total about $4,000, and the s,,s'' -.
turn to maturity close to 5h per cent
New-York tribune., 1922-09-11
Fayors Amerlcan Snuff

Question: am considering the purchase
OF twenty-five shares Of &fnericau SNUFF
common, which pays TO per cent and is
quoted Mt t45 or thereaboute. would like
your opinion as to whether or not the
maintained. If money keeps cheap and
the dividend is safe 1t would appear
to be marching al the tail end OF the
parade of tobacco stocks--G. E y
Answer We cannot attempt 10 pre-
dict as to the safety of dividends on
the common stock of American Snuff.
The regular dividends were recently
declared. The purchaser should be in
position to assume the risks involved,
and the price at which the stock is
selling indicates there is some uncer-
tainty as TO whether the present rate
will be maintained indefinitely.
New-York tribune., 1922-09-11
Not an Investment Bond

Quest ton--My sister owns a Chicago q
Alton II per cent bond and asked me to
write you concerning, IT, She bought it
for 3Ih about a year and a half ago.
Now that that railroad has gone into re-
ceiyership do you think 1t best to sell at
a loss or hold until 1t has reorganizea?
She reasons that it would at least bring
what she paid for It, In the Investors
Manual It is down as first lien II SO.
why is 1t selling lower than the per cent
bonds ?---Miss y. l..
AnswerAs Chicago g. Alton 3As
were not receiving interest when your
sister bought the bond it was a specu-
latfon on her part and is still in the
same category The mortgage securing
these bonds is first lien ON only S5.1S
miles and second lien on sos miles.
The refunding S., due in l949, are q
frst mortgage on The main part OF the
road. We are in no position TO pre-
dict as to outcome Of reorganization
of this road and cannot be of assistance
in making decision as to whether
these bonds should be sold or held.
New-York tribune., 1922-09-11
Canadian Provincial Bonds

Question: have been guardian for n
girl who is now of age The property
which she inherited, valued MT s2s. 600, was
In United states Liberty Loan bonds,
issue. Being advised to, she contemplated es
selling them. Would you kindly give me
list of stockg or bonds you consider good
for the Investment OF this sum? Have
the different provinces of Canada. @ease
give me your opinion of these bonds The
father of my ward was daily render Of
your paper.--M. 4. NJ
Answer-We think we'll Of Canadian
provincial bonds, especially the Prov
ince Of Ontario 5s, 1852; Alberta 51ss,
1862, and Manitoba 52s, 1892. We
suggest that you buy, in addition to
$4,000 Of each of these bonds. the fol-
lowing: Twenty-Five shares of New
York Telephone ~ per cent preferred
stock, selling around ITO; 20 shares of
Endicott-Jo z per cent preferred
stock, selling around 115; $4,000 Con-
necticut Power 5s, 1868; $4,000 Cana
dian Northern Railway rs, 1910, yield
ing about So per cent, and 15 shares
of Union Pacific per cent preferred
stocks. We have included so many
preferred stocks in order that your
ward may avoid the Connecticut bond
tax as far as possible. The Connecti-
cut Power bond is also exempt from
this tax, we understand. All are good
investments. These suggestions will
take care of the $4,000 realized from
the sale of Victory notes. We strongly
urge the retention of the other govern
ment bonds.
New-York tribune., 1922-09-11
Definition Of Dehenturs

(, QussIlon--I would appreciate reply
through your column In regard to ths snl,
lowing 1 expect 10 have sbcva 80 400 y ~
invest M IN the near future ana wish the in
Toa,a Joime 70 @ Be psyaele % as other periods than
So, 49, ahn : aiy, and Of safe type Be
= piahnea s' 70 purchase $500 each Aiae what
e I, q aeDensurs z oond? T. !. r.. r. ss. 1887:
s,s.ts o.. -, .. e. l.. ID. s1ss. fa42. West
ras ny l-aek Steel 1st conv a 81. 1850; Bell
~, ra. lst ref rs, 1876; Am. s. ana RAJ
1st So. isag.--P g. 81 = eha N1A'
Answer~-We consider the bonds vol,
nave under consideration good invest Il.
menta. 4 dehenture bond is one not
sssutea py physical property or other
S;ra So;laassrai, q, put merely constituting a
sionslly some collateral IL sis.aS ha
hind debenturaa. 4 p'Neu1 Dse
New-York tribune., 1922-09-11
Wants Marketable Bond

:, Question: own one $1,000 Canadian
Northern 9 and $1,000 second n Liberty
esa. aoan. have at the present time between
eSuo and $500 to invest, which + wish to
put into public utility or Industrial bond
70 is yisld bout : VI per cent. In other words,
FER cent coupon, and would prefer opa NJ
OF company located in or near New York
as l beiieve that / will be able to kaep
track or the progress OF such u company
more easily than of a company more dis
tantly located. Ready marlsetability viii,
De al important consideration. Am single
anu carry $4,000 life insuranoe.-A. j.
Answer--Public Service Corporation
OF New Jersey 5s, 1869, selling around
%, would serve your purpose. The
ponds are traded in regularly on the
New York Stock Exchange and enioy
ready marketability,
New-York tribune., 1922-09-11
Oil stock Stunned

Question--So,ne three years ago, during
any. absence abroad, my wite was induced
Producing and Refining Company. Can you
giye me any information concerning tltis
company Tho stock certificate In possess
Costigan, secretary and c. H. Bowman.
vice president. Some year or more ago my
Wife was informed by the person who In
pany had been absorbed by another com
pany, whose main office was reported TO
be in Cincinnati Efforts to obtain any
have been futile, and the address of the
aforesaid person is not known.--H. +. ID.
Answer-There is no market and
little value to Tennessee Producing
and Refining stock At an auction in
Philadelphia in June 25,4oo shares
were sold for 81 for the lot, at which
rate your wife's 1870 shares would be
worth about two postage stamps.
New-York tribune., 1922-09-11
Difference in Foreign Bonds

Question-Will you kindly tell me which
you consider the safer nvestment-Dutch
East Indies per cent, due 1862, or King
dom of the Netherlands? / hold some OF
the East Indies and have been wondering
II | should sell part of my holdings and
buy some of the latter. What do you
think of Northern Ohio Traction and Light
Company As due 1933?-L. s.
Answer-A division in interest be-
tween Dutch East Indies es, 1862, and
Netherlands 6s, 1912, would be de-
sirable, although there is little if any
preference to be given either issue, un-
less the payment Of the interest on the
former bonds in American currency ID
to be considered factor. We consider
Northern Ohio Traction and Light As.
1888, desirable investment.
New-York tribune., 1922-09-11
Two Speculative Stocks

Question--Would you be good enough
to give me any INFORMATION You have con- =
cerning Marland Oil, listed on the Stock
Exchange and Intercontinentai Rubber
listed on the New York Curb?--Miss C. L. F.
Answer-The Marland Oil Company
was incorporated October 9, 1920, and is
consolidation by exchange of stock of
Marland Refining Company and Kay
County Gas Company. The company
owns large acreage of active
and undeveloped oil leases. The
funded debt is $4,o00,00O and cap-
italization 795,150 shares of stock
of no par value. An initial divi-
dend of 81 is payable September 80 to
stockholders of record August 81. The
lntercontinental Rubber Company was
incorporated December 6, 1906, and
owns through subsidiary companies
about 100000 acres of land in Mexico
on part of which the Guayauie rubber
shrub grows wild. The company has
no funded debt and is capitalized for
$29,031 ,000-all common stock. No divi-
dends have been paid on the common
stock since 1911. Both stocks are spec-
ulative.
New-York tribune., 1922-09-11
Should He Pay Tax ON Profit?

QaestnA reader Investment information columns
Tribune foioing question: Previous
market
Pacific at around $50
proff2~X u
that involves directly
indirectly disputed points the entire
legislation said the that The Tribune
definite all that be
that accordingly reach decision
based judgment.
rulings
infrequenty these have conflicting
The ruling the United States Treasury
"ike"
Interpretation
New-York tribune., 1922-09-11

subject to tax in the year the sale was
made. The profit would be determined
by the difference between the amount
realized by the sale Of the Union Pa
cine stock and the cost Of the Fidelity
Phoenix Insurance stock.
In making an exchange of this sort
the broker must act as principal in
the transaction and not as an agent.
There are other points involved
which raise technicalities Of one sort
or another which need not be discussed
here In your case the first step to
take is to obtain an official ruling on
whether the securities mentioned ave
Of like" Kind.