Show new company organized for the payroll mine A M mcdonald who recently beurel tire I 1 a ten year lease on the pa roll property in 10 the chloride dis duct 0 arizona has organized the payroll mining leasing company nith a capitalization of di vided into shares of the par value if f 10 cents each the u of the kompany are J knight pre pro dent A 11 godbe vice president viol M mcdonald secretary trea rea sitter and general manager and I 1 ese with M C godbe and adam atterson constitute the board of dl di rectors the payroll property Is owned by thomas P scott a new ew bork OT k capt cap alist who recently gave mr mcdon aid a lease on the entire mine and its equipment it Is understood that there are about 35 tons ot of ore ot milling grade already blocked out and that it is the intention of the th e new comp company anys s office officers rs to install a mill which they hope to have in op aeration by the first of august |