Show MIAMI I DEVELOPMENT HELD ANNUAL AT ME GLOBE Some local Int Interest t has been bce tk taken n In Inthe Inthe Inthe the Southwestern Miami Development company property Inasmuch aa as 8 It I ad adJoins adjoins adjoins ad- ad Joins tho the Inspiration Consolidated d cst estate ate and Ind to develop Into a R good sized producer of or copper ore ore The Tho annual an an- an- an nual meUn meeting of or this company was wal held at Rt Globe Glabe Ariz last week weel cek and the following fbi fol lowing officers were elected President G George F. F Rusa broker and banker org Mich Uch vice Ice president I R. R T. T president Copper Rn Range railroad secretary and trea treasurer Robert Robert II 11 T. T Grois Grol president nt East Butte The Tha Copper Mining company compan Boston Th for foregoing with wih the following m make ko up tho the hoard board baar of or directors dIrector Thomas S. S Des Dee Def of or Pan Paine W Webber Co P. P T. T Kennedy Boston G. G J. J Mass Maas f Mich Henry B. B Hovland Holand former pr president I Live l e Oak and now a director of Inspiration ration Consolidated Consolidate The Tho Southwestern Miami company holds hohs under option opton acre Irre ares adjoining Live Ltv Oak thA the total purchase price o of which I IK II about upon which 15 has already b y n paid No payments payment will wi w. w 11 b be b. b dun dUA until June 1 1913 1 at nt which time tinie 3 On IH is payable The final payment pay pay- mont ment will wH not be bR duo due until July 1914 it J amounting to Th The company wa was waa organized In Tuly Tuh last Jat with Jh shares par 3 S of which shares shae of 1 In stock were wel tak taken n b by Arizona Michigan and Boston people while whilo shares of ot full Cul paid stock went nt to option opton holders and pro pro- With control of or the tho to stock of ot the or- or atlon Runs Ruez went nt east fall In In January Int Interested Boston parties who ho agreed to take tak an Increase of ot 60 shares alre In th the thA capitalization lon at 4 pp per share Through this act acl the company h has been ben pl plIn placed In excellent financial condition en a-en and in th tho hands hads of or competent nt mining men ieee Tim The The recent assessment nl of 1 It per share on the 2501 shares and the proceeds proceed from freer frn the sale Ble of ot shares hares will wm jw so 1 finance tho company companY that It will b be b en enabled enabled en- en to explore Its Ita ls property on an a P. A large Jare scale scle from fram now no on As s soon son as 8 the present ent Xo No 2 drill Is finished the drill rl her here hern cd and another to bo be purchased pur pur- chased will be pla placed d on the western It rn portion of or tl tIC tho property while a a. shaft will probably be he sunk n noar r the eastern portion por per lion tion clos close to tho the Live c Oak property The company compan will nill havo have tho the assistance tance and art advice of H IT II B. B Hovland HoYland who de developed developed de- de eloped the Live Oak j dC-j At tim th the rf recent cent annual meeting the capital capital capi capi- tal was nas 81 Increased as above stated d which I with the tho mone money on hand and the t 3 still to he be c called II d on the th shares of or original origIn iiI Issue Isue will provide ample funds |