Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-06-24

ANOTHER SIDE TO TIE OvERNAN NINE
EMBRoGLIo.-The Overman mine ditfi-
culties are still agitatiug the public here
in Gold Hill aud Virginia City. As we
published one side of the difficulty as it
exists 10 San Francisco, and as set forth
in the Alta of Wednesday evening, we
will also transfer to our columns an
other version Of it, taken from the BuI-
g,tiu of Friday evening, two days later:
There is considerable talk in stock cir
Giles about the 0verman Mining Com
PAW and the disatfection which is re-
ported TO exist among the Trustees. II
is well known that there has been
two or three changes in the superinteu-
dency of this mine during the past few
weeks and this fact, together with
some difference Of opinion about the
time of holding the annual meeting for
the election of officers, has ~engeudered
considerable i'll feeling between the
stockholders and Trustees rs well as be-
tween the Trustees themselves, and
made the affairs Of the company a prom
ineut theme Of conversation among
stock dealers. As just intimated, n
Of the points in dispute is the removal
of Mr.. Mccullough from the superinten-
deucv of the mine. This gentleman
was regularly appointed to that position
on the 24th of May. Upon arrival NJ
the mine, and after taking a general
survey thereof. he communicated the
result of his observations to the Trus-
tees, under date Of June LIST. Nothing
further was heard from him until June
18Th, when he stated that he had made
some important Developments. Some
Of the Trustees have reason to believe
that he did not communicate this infor-
nation as promptly as he might have
done and that in the mean time he or
his friends made use of their kuowl-
edge to buy up available stock at a
low figure. Hence he was removed, so
far as the official act of n majority OF
the Trustees was concerned. We under
stand, however, that some Of the stock
holders NJ Virginia City insist on his
being continued in office. How this
difficulty will be settled, time Will tell.
We should naturally infer that the au-
,hority which conferred the appointment
was fully qualified to revoke it. With
regard to the time for holding the annual
meeting, the bylaws Of the Company
state that it shall be held on the second
Tuesday in July. In compliance with
this section the President has called the
meeting for that day. Three OF the
Trustees do not want the meeting held
until October ; and under the authority
given BY the bylaws, a resolution was
passed TO that effect at a late meeting OF
the Trustees. The section to which we
refer is as follows: ARTICLE IA, sec
ton |. The Bylaws may be altered or
amended a. any meeting Of the Trus-
tees" The justice or injustice OF such
n bylaw is Of course open to criticism.
It is one Of the rules adopted by the
Company, and under the authority con.
yeyed BY it, the Trustees have altered
the bylaws on three several occasions.
On the two FIRST occasions the authority
to do so was never questioned. With
two p~recedents in their favor, Il ma
iority of the Trustees, at the late meet
ing ABOVE referred to, voted to change
the bylaws in reference to the time for
holding the annual meeting, so as 10
convene the stockholders in October
instead of July. Under the authority OF
the section above quoted, it would seem
that their acton was legitimate. In re-
spect to the late activity in this stock,
many believe that there is no good rea-
son for the rapid rise. From June LIST
10 18th nothing was heard from the
Superintendent a. the Office in this city;
and vet in the meantime the stock rose
from Sea to 5000. If rich ore "a struck
during the interval, as is maintained by
some parties, none but favored ones
seem to have been in the secret. Mani
testify it was the duty Of the Superin-
,endeut, upon making the reported dis
covery, TO have communicated the facts
Immediately TO the office in this city by
telegram or letter, or both. The con-
,inued absence at the office Of any official
information touching such rich discov-
cries of ore al this mine as are reported
on the street, must naturally strengthen
the opinion, already entertained by
some, that the whole movement to run
up this stock bears a Suspicious charac-
ter. We understand that at a meeting
of the Trustees held to-day, Samuel 7.
Curtis WAS elected Superintendent Of
the mine, with legal power to assume
the position, which Mr.. Mccullough is
reported to have denied to the late APP
NJ ,,hart