"W. L. Allison completed the purchase of Clarkdale from Phelps Dodge Corp. in downtown Phoenix late yesterday and told The Verde Independent, 'My guess is that it will be an incorporated town before we are through.'"
"While he is president of the Allison Steel Manufacturing Co., of Phoenix, he bought the town as an individual."
"The sale, for an undisclosed amount, includes all of Clarkdale on the west side of the Verde River and the Jerome water system."
"The Phelps Dodge owned Verde Valley Country Club was not included. Allison said he had assurances that the copper company would lease the clubhouse and golf course to the membership for $1 a year as long as they want it."
"Asked if he intended to establish an industry here, Allison said, 'I can't tell you. I don't know, I have some good ideas, and if you can tell me something I would be interested.' He indicated that several individuals here have suggested various enterprises to him." ...
"Allison said that he intended to sell scrap metal, machinery and pipe from the smelter, adding: 'There are a lot of buildings there we expect to sell somewhere.'"
"Completion of the sale was announced by C. R. Kuzell, Phelps Dodge general manager. This was the text of Kuzell's announcement:"
"'As PD Corp. announced at the time its mine at Jerome, Arizona, was permanently closed in June of this year; the smelter at Clarkdale which treated most of the ore had been closed permanently in June of 1950. The exaustion of ore reserves, in spite of costly efforts to discover new ore bodies, made these shutdowns inevitable. Since the suspension of mining in June of this year, Phelps Dodge Corp. has given careful consideration to the disposition to be made of the Clarkdale properties.'"
"'These properties included the smelter and adjacent lands on the west side of the Verde River, the Clarkdale townsite with its residences, business area, and domestic water system, and the domestic water system at Jerome. Rather than abandon the town of Clarkdale, Phelps Dodge Corp. has used every effort to see it continued as an active and thriving community. And as a result, in spite of suspension of the smelter operations over two years ago, the resident population of Clarkdale has remained fairly stable.'"
"'The Verde Valley affords an ideal year around climate and abounds with scenic and recreational advantages. The town of Clarkdale, with its housing facilities, shopping district, schools and other improvements, has much to offer.'" ...
(The Verde Independent; Cottonwood; Thursday, October 15, 1953; page 1, columns 4-5.)