Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1874-03-06
THE PRESENT MANAGEMENT OF
THE EUREKA CONSOLIDATED.

with the view of making a few COM
ments thereon:
EDITOR CHRONICLE SIR: l have
noticed of late you eNertloilS IN the
poor mans interest III NentliailnS
frauds when perpetrated by money
corporations. Would you NOT be Kind
enough and inquire after another
mining humbug. viz: the Eureka Con
solidated Mining Company. Some six
months ago this company elected j. w.
Shaw President. and al that time there
was $40. ZOO surplus funds. Since then
the mine has been worked prontably.
as the President states. but there has
been no dividend. aud there is but
little if any money i'll the treasury AZ
present. The old Superintendent has
been superseded by a brother of the
Presidents. whose salary IS $500 per
mouth and a team of horses 10 drive
around the county with. The Pre>i-
dent gets $3.50 a month and travelling
EXPENSES, which are considerable.
Another scheme of Mr.. Shaw's is to
purchase the Paii>ade Railroad him.
self, with two other gentlemen OF this
city. and have the mine subscribe S23o.-
900 10 purchase the road with. MI.
Shaw and his friends will actually own
1t. You can see from this where the
stockholders money goes Indeed. II
Is nv candid opinion this company
will paw no dividend for the next
twelve months. | hope. with Your
usual independence. YOU will inform
the public Of these things. and sugge>
remedy. y STOCKHOLDERS.
San Francisco. Feb. 26. l>74.
To begin with, we have no doubt
that every line of the above was writ
ten..in the Office of the Chrontcle. 1t is
evidently thrown out as a "teeler."
The Chronicle having got through
with its Matchmaking schemes
against the Raymond Il Ely and
Belmont mines. is casting about
for other victims. There can hardly
be a doubt that the Eureka ConSoli-
dated has been selected for its next
raid.
The statement that There is Ebut lit
tie if any money in the Treasury" OF
the comppny is utterly false. We
know on the best authority that there
is something over 500, 600 in actual
cash on hand. We know further, that
it is the intention of the directors I o
commence the payment Of dividends in
April or May, and that they will be
continued regularly through the SUM
mer. Owing to the severity of the
Winter and the almost complete dead
lNpE in rNiNior tr,lf-nrS lo,a II ho- ,,N-
been deemed prudent TO commence the
disbursement Of dividends until the af-
fairs of the company shall be running
smoothly i'll the early Spring. This
very briefly explains the situation with
reference to dividends. The other mat
tiers alluded to in the Chronicle's edi
torial correspondence are hardly o
sufficient importance to demand or de
serve a passing notice. The fact tina
J.. w. Shaw gets $3.50 per month a.
President of the company, and tina
the Superintendent receives $500 pc.
month is nothing new in the history o
this valuable property. The sam
ulo1IC law bctll IdIl 10
years-lonS before either Of the SHAY
brothers had anything whatele r to d,
with the company. The further fac
that the Superintendent is allowed
team, is a most astounding disclosure
worthy only Of such independent an(
fearless sheets as the ChroHic}c.
-to NJ Slo,-., .z.- . -,
ton to the Eureka and Pali>ade Rail
road, we have no mean, of knowing
We have always understood, however
that it required two to make a bargain
We have never heard the slightest in
timation to the effect that the presen
holders OF the railroad were willing t
dispose of it. When they shall hay
signitied a willingness to sell it to Nh
Shaw or any one else, and when tn
additional fact shall have heen deyel
oped hat any portion of the funds c
the Eureka Consolidated are to be di
yerted TO this purpose, then it will b
time to discuss the propriety of the in
NCStiiiciit. Dul IOl lltll lncil. liner
is nothing in the crazy propositio
prior TO that time. In conclusion,
may take occasion to remark that III
management of this immense proper
ty, under the present administration
has the appearance of being as success
full. straightforward and economical a
any which has preceded it. The Chro1
acte would. perhaps, do full as we'll b
attending 70 its own business, if it Ia
any.
THE Milwaukee Sentinel says: JOul
nalism is detesioystiny Oh the Wester
coast. The editor OF the Sal, Francisc
Chronicle shot so<ar times at the edito
of the San and missed him. The olde
iRhabitants have nothing to live 70
o except the memories Of the goot
old times when a funeral followed
every shot.
SAN FRANCISCO LETTER. The sen.
TINEL's fair contributor favors US with
another interesting letter from the