Weekly Calaveras chronicle., 1868-01-04
.tcommunicated.l
.i:he Rollins Bill.

tielminise sl,e,slps q cal11brnia. Is solution
okthe pf sosiiqn vhich*as thu labor IF
8 life 45wk u fix ~ th6ngs SO as to secqf
the ,m5s4riiy the gBxe1unent ~ the *
joffty. Poor John C..Che 'diedStoo soon.
Had he lived till now. he would only have
had to have transferred into politics the
schemes which our sharp mining operators
seekro introduce into guy mining eaws'ana
he could have established "a grand spoiisicsi
cogporatioa.. ri. States within the Union,
which would haze PLACED s Id The i5 supremacy OF
his peculiar ideas on an everlasting founda-
ton. In getting UP, sneh corpora tl9r,rli r.
could have introduced the rule pf tssf'! ne
would have had a dead thingri sroi,assis s
We are led, Mr. Editor, TO lmaksthe above
leiectens' 1(pet as reflections np0p Mr.
tCalhoua--andi we1hope his,ghost wont take
them as subls-buai on coypofatiorso BY
perusing Assembly Bill No. es4. introduced
by IT. Rollins, entitled 9.sAn11Act for the
Encouiagementl'of Mining! - The title of
the Bilphsiverytakings lWeiate SAIL incr.
ested, directly or indirectly 2ah. the isaccess
Of the mines Of the GState.l Cash is a very
tpiesssnt thinsiso have; dnd as our imports
greatly exceed our exports, unless somebody
is, successful In extracting The precious metals
from Our .hhines5 cash will most likely become
scarce arh6ng us: Any thing then, which
will encourage mining and the production
Of the precious metals. will receive the hearty
support Of every 1 one whJ has either his in!'
dividual 81 -ttbelp uubiic interest at heAftAand
that includes. abont Every Body. viii Nj.
Rollins Bill do What 1t, padfAppoffts i wethink
not. Therse? i is no S5qnn2ood to mining
in any part of !, bat lis title: It is simply
scheme to perfect the game Of frsese q,.t in
the mines Hitherto th s SN sas1 r an inter
est in valuable Impiiqs fespld save that in
tereht il he had the pIqdcnee 70 keepp it ont ont
paf mining eaEpoS5atiogp IF l1ah he'd only be
firm against ths persuasive arts of the, cor
porasivs ,comoyapts, and lr hsd ? chance Of
realizing something FROM bis gwiplng prop
ertyi; but If THIS Rillshayla become q law,
lie will be- stripped oil lagaliprotection and
handedsover bound hand hndl foot t6ibe
swallowed by; them at one guIp.i The honest
but unwAry supporter of Rollins Iisii may
be gullsd blythe Democratic theory expressed
on the face of it. ;thatthe majorityof interests
in "a minihgi ciaimb should rule the whqle;
but,the Democratic principle whichlit pro-
,fesses to emboayis only apparent. andforms
no part: Of the essenceo of the Bill. by Tits
provisions, th4es or more persons owning .
majority Of the feet, shares or interests il q
mining claim, BY ineorp0tating those interl
ests, can Obtain tie absolute control Of the
mine, and can spend any amount Of money,
or can assume any amount Of, Indebtedness
upon the mine which they may see fit; and
without payment Of their part or share Of
the indebtedness, thus assumed. may sue the
pmins5ppity who have not Incorporated for their
minority portion q the indebtedness, and may
take judgment and, execution and sell the
minority ont absolutely, without any right
of redemption. The, gist and injustice Of
this Bill j. thatit contrives means by which
che owners of any fractional part over; one
fourth Of the sha5es ofs mine may gqbble
up the whole. When the majority of shares
are'ipnerpeFa,edda majority in the corpora
ton lrnlesi the eespOEatiop.i and, ifofhe leor'
porasion rules the dwholeI claim, then the
majority ofisshafes in the corporation rule
| the whole claim also.s' Thus, if a claim con-
[ tains forty-nihe shares1 twenty. fyeIomay
| incorporate and govern the whole, and as in
the corporation thirteen ARE q majority. Sc
thirteen may thus govern the whole forty.
nine. this lis ~ofsce than Guaranteeing
and caucasing in political PARTIES (Which
are bado enough GSd knows. There is
relief in politics., when the majority s'of .
party convention or caucus carries its Tenn
[Iporary pao&eiy aFihtH too high hand, for Iii
ninority can ~ over r9to the adverse party Al
The eissio26H;s But milling hing Shares, once ns
corpofattidoSnT ration. cah't get oqt' and vote viii
the 81 shares 2i in The
fmnent Of the mine, So the majority IN IN the
corporation are Il. secure If having things thei'
own, way With jthe whole mine, ,.,I., r., :
Another objectional feature. in the Bill il
that it creates On, odious discrimination il
favor Of corporations. Why should the Law
take away the right Of redemption when /
mans share in mine il sold by Q corpora,
ton. and in no other casel Why make tn,
law unequaEih favor of corporationss If.
merchant or mechanic sues corporation fol
debt and sells It's claim it can redeem. but
/ tissues him for debt or any unincorpofatet
interest in the mine, and sells him out h,
can hot redeem Why should this distinc
ton Be hastdhe!g The truth is that corpora
,tions. have ehpt assisted to !. develop tn,
mines, nor are they, likely to and if tt,
mining interests are languishing,- it is NOR,
from pieshora Of c,o6ariporatons than any othel
cause. Wherever rich claim has fsller
into the hands Of corporation. the game Q
s..dos eat dog" has. commenced and III
effort has not been to deFelop end ,mproye
the property, and make it most remunerative
but to sec who can get the greatest share il
the mine by depreciating its value and freez
ing out small owners: In such cases, thu
scramble for shares remind one of the story
Of. the traveller who was pursued-by doses
wolves. AS fass o. he would shoot vol
the others would eat il up, and then continu,
the pursuit. AT last the band was reduced
to butiohe wof. which the traveller shot also
and when examined ii. proved to be not
very fat wolf either. The strife, anon.
stockholders of corporations, as 70 who shall