Evening Republican, Volume 20, Number 271, Rensselaer, Jasper County, 11 November 1916 — $3,000,000 COMPANY HEADED BY BAKER [ARTICLE]

$3,000,000 COMPANY HEADED BY BAKER

Son of William P. Baker Heads Big Mining Concern That Has Millions in Sight in Arizona. Lawrence W. Baker, son of the late William P. Baker, who came here last year to effect the settlement of his father’s large estate and who had for some years previously been a mining prospector, has just incorporated the “Roosevelt Gold Mine” at Globe, Arizona, with a capitalized Stock of $3,000,000. He is the president and founder. A page advertisement with iMr. Baker’s picture in the center, appears in The Arizona Record of Nov. sth, which also contains the following write-up of the mining activities.:

“The announcement of pending development activities on a large scale in the Roosevelt gold district thrilled the Globe-Miami district yesterday. The man behind the news is Lawrence W. Baker, a wealthy Arizona pioneer prospector, who has been prospecting in the Buckhorn-Christmas district below Roosevelt dam for several years. “The picturesque ‘Old Timer’ has made a financial success in locating and selling a number of copper claims but for himself he has persisted in his search for gold. “The Pro Patria group, which is included in the district, is located in one of the oldest known gold districts in the sftate. An old Mexican arristra on the bank of the Sold river, near the property, showing where Mexicans used that primitive metlrod in extracting gold from the rock in the early days, is proof that the gold

there. “Mr. Baker first located the claims several years ago, in company with John Ferryman, who had prospected for gold in Australia, South Africa and South America. Later he purchased Ferryman’s interest in the group and spent several thousand dollars in prospect and preparatory work. ~ n i To reach the property Mr. Baker has a boat Salt river, below the dam, for the transportation of supplies across the river. He now plans to build a suspension bridge across the stream. He has purchased several other claims adjoining the Pro Patria group and with a tunnel driven from the canyon wall at the south end of the Pro Patria N 0 .2 ne expects to crosscut at a depth of 250 to 300 feet a number of ledges that outcrop on the hill above. “Mr Baker, who spends a considerable .portion of his time in Miami and Globe, is one of the picturesque old gold prospectors of the jvest and continues the old life as a matter of choice, not necessity, as he is said to be worth about a quarter of a million dollars, among other things owning valuable farms back in the middle “Friends of the old miner, who have not indulged in stock investments heretofore, are buying in the Baker company because they say that tne two facts essential to success in mining are certain with him. They know he would not spend his own thousands in a doubtful proposition and they know he is not selling or promoting stock for a living. Every cent, Baker promises, will go into. the development of a mine in his hill of gold’. Those Who bougth during the rush yesterday following the first announcement included for the most part old time prospectors Who wish to try their luck with their friend, Old Man Baker.’ ” -