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Show IS 1 IN ARIZONA J. Harry MacMIllan of San Francisco Enthuses After Inspection of Camps. LOCAL MEN PIONEERS Development cf Copper Properties Attracts Attention Atten-tion of Mining World. The sin in nf Arizona, nei'ordinj? to J. Harry MiU'Millan of h'a 11 Francisco, who is In Salt I,uko for n few days, ts in the tli roes of the greatest mining; boom of modern times. Mr. MaeMillan has devoted t lie past three months to the new and old uamps' of Arizona and derlarcs that 1)3 per cent of tho interest being manifested is centered around tlio copper properties. Tremendous activity is apparent in both tho promotion and development fields, says the rnlntnj? man. Mr. Macmllian has spent the greater portion por-tion of the last twi'lvo vears in t Tie mining camps of California., Nevada. Utah and Arizona. He was a conspicuous figure in the great buoms of Goldfield, Manhattan and Tonopah, Nevada camps, yet, he insists, in-sists, the interest of the eastern investors at present devoted to Arizona coppers exceeds ex-ceeds that given the gold and silver camps of Nevada "in VMS and l'JU". 1 : Nation-wide Attention. DIscushImi? the situation Mr. Macmlllan last night said: During: the Nevada booms the pro moters nut their shares on the market mar-ket at 10, 15 and 20 cents, with an oc- ; caslonal 50 cent offering, and the pro moter thought he was "doing things" if he disposed of 200.000 or 300.000 ft ha res of stock fn ten days. In tms Arizona boom the shares are offered at 60 cents, 75 cents and very ortety $J , and the seller feels that he lias missed the mark If the public does not take 4O0,0u0 or COO, 000 shares within ' the first few days. This is done with out much advertising in most cases. Tho east is keenly aJive to the situation situ-ation Jn Jerome, Globe, Miami, Kay and Superior. Dozens of engineers and geologists from all sections of the country visit the cajiips weekly to make Investigations and report to their principals. Wild-cats Stilled. ; The endeavor for the most part fn ! these old and new camps appears to be In earnestness from a legitimate min ing viewpoint. True, from time to ; ! time, there are a number of so-called "wild catters" in full blast for a short ; whale, but their wings are quickly cut j by the corporation commission of Ari- . zona. This corporation commission, I so recently put in vogue, has absolute j ! control over all new mining promotions i and the manner in which the shares are disposed of and the funds han-1 han-1 ; died. H specifies the amount of stock i to be sold and the commissions there- ; for to be paid, as well as regulating the length of time ownership stock shall be pooled. The percentage of illegitimate min-, min-, i Ing enterprises there is small. The '. new copper companies of Arizona, in i the main, have provided their treas- lv uries with funds in amounts ranging 1 from S10U0 to $500,000 and the money j is being expended in the proper de- J velopment of the various properties. The commission is much alive to the situation. That body is protecting the public In Its investments. This censorship cen-sorship is going to be responsible for ' ; the opening up of many new ore bodies, no doubt, throughout the state. It is proving a -.genuine good thing for the entire mining industry, this overseeing over-seeing of the public's investments and the expenditures thereof. |