Show THE PLANET SATURN herald prescott arizona the last payment has been made on the th e planet saturn mine in pools fools gulch and the property has been deeded to the alvarado gold mining compa company nyby by A A johns who had the escrow agreement from the trustees in bankruptcy the commercial trust company the deeds were recorded last saturday at which time the remainder of the purchase price amounting to was paid over in cash the property is now in the hands of the new company ot of which P A johns is general superintendent he is now on the ground superintending super intending the development work the deal is of considerable importance to td the county and ends a controversy that at one time threatened to take on some magnitude the right party won out however and now the mine will be developed extensively mr A A johns took a bond from the commercial trust company for the planet saturn and began to interest moneyed ad men with him then there was a meeting of some of the eastern stockholders at which it was decided to settle the matter by taking it out of the hands of the trustee in bankruptcy H J beemer was the party that desired to purchase the property at that time the matter was taken to court and judge sloan upheld the action of the commercial trust company which was acting as trustee and mr johns retained his bond the other side however acted honestly in the matter after the main men were shown that they were wrong mr johns and associates then got together ana put up the money to purchase the property outright making the last payment last saturday as stated above mr johns informed us that extensive development of the property would soon follow now and that a large force of men would be put t to 0 work in the near future there will have to be a lot of preliminary work performed before the mine can be worked systematically there is caterin water in the abe shaft and other things will need attention the planet saturn is one of the well known and highly i prized gold mines of the county it has produced a great deal of h high gh gr grade a de gold ore and is capable of pro a great grea t deal more there are thousands of tons of ore blocked out now ready to be taken down and |