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Times Property Has Devel oped Much Water and Is: Now Selling It to The Tom, Reed People. OATMAN, Aug. 12—The water in terests the Tom Reed Gold Mines company and the Times Mining com pany have been considered. The deal resulted from a trip of W. F. Gray, manager of the latter company, for Los Angeles, whence he returned yes terday. ‘The terms of the deal as yet are private, but since the Time= has the long end of the water, relieving a shortage of the Tom Reed, it is pre sumed that the long end of the cash’ consideration of the deal favors the Times. For nearly a month past the Tom Reed has been using the Times water under a temporary arrangement. This is said to have been an cation meter measurement, at a rate noo far below the prevailing commercial rates for water. In the meantime the Tom Reed company has secured additional water from the new company organized by W. 3. Rowley and asselates, and now makes permanent its arrangement or a modification of its former arrange ment with the Times. The Times water comes from Grape vine canyon and was purchased at atl outlay understood to be upward of $25,000, for the way of the Times town site and mine. There has been a much further outlay for pumping and piping the water to the town and mine, which was completed only at the moment the Tom Reed well failed and all of the surplus was required to fill the needs of the Tom Reed mill and the people of Oatroan. It is known that the deal means a real deal for the companies interest ed and is said to have further signifi cance that will dev
Newspaper Details
Bisbee Daily Review
Bisbee, Arizona, US
Sun, Aug 13, 1916
Page 14
Full Page
Clipped by
Kevin C.
USA 31 Aug 2026
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