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Formation, developing rich spots which increase the average and make the work profitable. Such results have been, and are being, obtained in the trial operations which are being conducted.

We have now reached a point in the operations where our work can be suspended and the mine left or carry itself along, or the stockholders can provide the balance of the money which it was agreed should be expended on the property and greater activity can be maintained. The preliminary work has been done, tests have been made, experiments have been completed, every part of the property has been tried and we are ready to go on. If the balance of the amount authorized is provided some new purchases of machinery will be made, especially a crashing and pulverizing mill to increase gold production. Treatment and mining of copper ores can also be commenced in a small way under promising conditions. The situation is up to the stockholders who have not made their subscriptions. The mine will get along slowly as it is, but much more rapid progress should be made and will be made if the stockholders complete their subscriptions.

Should any stockholder wish to know the local estimation of the work which has been accomplished on the Copete Mine, he can address any of the members of the Nogales Board of the American Stock Exchange, Nogales, Arizona.”

Copete stock for exchange should be endorsed, have the endorsement witnessed and tested, and be sent to the secretary.

Contributions should be sent to Dr. Francis C. Nicholas, trustee, care Windsor Trust Company, 45 Cedar Street, New York, remittances to be made payable to “Windsor Trust Co., Account of Copete Subscribers.”

Dr. Nicholas has entire control of this fund although he accounts to the Treasurer of the Copete Companies as representing the contributing stockholders. It seems incredible that any stockholder should be so short-sighted as not to do what he can to hasten the work so as to profit by prevailing conditions of the market, and a prompt response is expected from those who have not yet contributed. 

[[signed]] Myra B. Martin, Secretary. [[signed]]

[[footnote]]
Dr. Francis C. Nicholas,
Care Windsor Trust Company,
46 Cedar Street, New York.

Pursuant to the circular letter of the Secretary of Copete Companies, I enclose 8 ___
being ___ cents a share on ___ shares of the Copete Companies held by me. Remittance is made payable to the order of Windsor Trust Co., Account of Copete Subscribers.

Name ___

Address ___
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