Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-04-01

Loca,ors in silver lodges are beginning 10 see
the disadvantages they incur by Incorporating
companies in California, We have been urging.
from time time, for almost year. the advan-
;aSr OF Incorporating in the Territory. Here, the
voice vi or miners is tile absolute dtcIum which
must oyerru.e and make SUbscrvieut tu II. uiii'
Iuatviy al local legislation. The SORT of doDktys
who recently enactSd = tax on undcvel"prd mines
will have few places hereafter, ;tnG 10 force to
hurthen the prospecting interest. Some good
legislation done Que Act. 30 encourage
mining we have published Another. Ia affect
interpretations in tide Territory We viii tud room
for and some remarks upon. in mex; issue.
These statutes are made applicable !" mining
enterprises prosecuted under the then existing
Territorial law 20 interference" with rhr ;lft.GIrs
interests or operations uf companies acting under
the California law. This tratur- of the statutes
WAS taultrd BY cOicInPOrl:rE-tGe Virginia
CniOn-Ou account of It's discrimination a;iIiu>'
California interpretations To lis it seems u most
fair provision i'll the new law, cNrmP;sng from It's
operation the property of those who preferred -
place their affairs under the eg;S OF the California
law. In le-isiatlnS for home incorporation. the
Legislature might BY making no such discrluGsna
tiUu have placed upon the statute books require
mca;s inconsistent with some provisions OF the
California law under which corporStnrS acquired
and held their rights a such.
In the California Legislature bill has been in
trOduced materially affecting the legal processes
pertaining 20 corporation management. One oI
these Is to give no notice Of assessments except
in San Francisco papars-daily, for ten days
Tha: would De rather short notice for stocShOld
ers in Humboldt. The first paper would not be
here Saying all miners took all the San Francisco
dailiesl until the expiration OF the 10 days, This
bill proposes leaving nothing, Of consequence, 10
the discretion % cOrporatUrS. I" be provided III
bylaws It provides that Trustees shall at no
time. nor under any circumstances, levy an as
sessRent exceeding per ccit of the capital stock;
and no assessment allowed ottcner than once Il
month: and, then. no assessment to be levied as
long a. any part Of the preceding assessment re-
mains unpaid. Provision is made. TOO for re-
demption OF stock soil for assessments, the same
as real estate is redeemed
Il was the practice. 20 incorporate in California;
making Trustees OF Montgomery stree; n'rU.
Then, by getting the stock among them. pros.
pectors could in earlier days, get rid Of their i'll
,erests, ~ a small price. That part OF the husi.
ness has been played. AMI Is dead rs herring.
Montgomery street will not touch stock until the
mine j. working. 1t is plain proposition. tha'
men who live the mine. and cant see it in the
different stages of dew elOpment, and see exactly
the character OF WORK wanted. aud the manner III
which il Is progressing. the men tit for tru>-
tees \ Superintendent may know ell These
things and may faithfully report ~ his company.
But be NAV not Trustees are liable for the faith
Jul performance of their sworn duty; and Il board
of ; or ) men. Is well informed on the subject a.
one superintendent could be, are more likely ~
satisfactorily manage the company's affairs.
HgRb0!d; Register.