Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1874-02-25

was acting, and purchased on my own account
over five thousand shares nj above par, and did
not sell them until months after my return to
the United States. held for nearly year
shares equal to nv interest in the shares we re.
served on the sale
returned from England in June, 1872, and
early in July had adyices that the mine was
no,tior az H. -; - 49, ~ ~ - ~ ~
49,; J u'nS mnS ,'Ae' PV''oss'on y, "
Pnt,os Gaining uuNefseIy' ht once went 10
Otah 10 project the company against the tres
passers Judge Poland accompanied me AS
eounsel We procureA an in;nnction and nh
tanned POSSESSION, and then I again examined u'
While was at the mine ut dis limo. Cal
y. =. Stanley, another OF the English directors,
was there, ana reported to the company favor
ABLY oil the mine and the shares advanced on
the report.
-, % wen pleased was | with the condition Of
tue mine, that while IN Utah at this time, nine
months after the mine had been sold, wrote
W tno ireslueht OF the company, Offering to
purchase IL back OF S5,OOO,0OO although
SoVo,uou IN goi1 mao bcen paid IN dividends.
also telegraphed 10 " a. Eager, ESD, OF
new iork' my agent IN LONDON, to purchase
TWO Thousand Shares (in ADDITION to the live
thousand ! nau ieit with NUM- ior when he
paid ABOUT hlteen per cent premium During
/ -
England i9r the United states, s9lu most oil my
shares, ana ! nave NOT Vlsiteu the inihe since
my WISH OF Julyi ioas'
IN september, loiN, the company Sent iIs
ires'ueht, george Ahuetsoh' tNq,i NJ 70
Omh' TO look after its interests there' AlVei
ne nau seen the mlne' ne wrote 70 me- NJ ne"
ioINi Us 'V"o"S w.. ,,...
SAT- ~ se"tamHer 5e. 1872 {
A.. ~. Ga. H., 49,, ,t,o,,,i ,i, nina and
! 81 q a.
think i qate impossible Tor any one to Ky through,
without M convection mat u Is a niue o. inine9s1
,nerty Tho sole JiGcnity is me beine allowed To-
! hold il In peace
Yours faithfully, -
TO Hon. l. W. faih' "to' NNp'"so''
This was year after my sale, and after ten
dividends Of SO 600 each had been paid, and
it ~ proper to say that Mr.. Anderson and his
| friends owned very largely in the stock, and al-
ter his visit purchased much more at above par.
In October | went 10 Utah, to try the case
against the claimants, and obtained final
Judgment for the company. Mr.. Anderson
was still there and visited the mine again, and
from his report (my health did not permit my
| going with him), aud the reports OF others, |
ordered two thousand shares purchased at the
| market price, and all that could be got at par.
My agent purchased two thousand and fifteen
shares at above eighteen per cent. premium.
I
part Of the mine was purchased on the
strength of their previous knowledge OF the
mine and of an examination 10y competent
party selected by the purchasers themselves
that three different English directors examined
the mine at intervals Of about three months,
and were more than satisfied with their pur'
chase that nine months after the sale | wa.
willing to repurchase the mine at what we sold
it for land at that time it would have sold iuI
hat Itnr lIaa aIs
purchased largely in the stock at above par
and finally, that any stakeholder after having
already received nineteen and one hall per cent
in dividends, and having had fourteen month.
in which to investigate the property, If he wa.
dissatisfied with his bargain, could have sold
his stock Mt above par.
may add here, that never heard OF per
son, friend OF foe, who visited the mine tha
did not make a very favorable report upon j
and its future prospects.
1t is charged that the mine is worked ou
and Of NJ value. II this were true, no one i
responsible for it Certainly not the sellers an
more than the buyers), as no one can look int
the bowels of the earth Investments in oil
! mines are to an extent speculative mine
= sometimes proving to be worth one hundre,
times their cost, and sometimes giving out
c contrary to the expectations Of every one Bu
p in fact this mine has not given out not one
d twentieth part of the ground has Vet been e1
}. plored even and the mine is now and for som
4 time has been earning over : 900 net per day
1t ANY one at all conyersant with the history q
r mining enterprises, knows the uncertainty q
the business great gains or great losses ar
the common experience. Among my mimi
i investments was $3.50 600 gold IN the Prov
Dental Mine. in Nevada, which proved tota
. loss. as well as other investments there but
# never thought any one had cheated inc.
. | wish 10 say few words as to my conneC
ton with the railroads of Vermont. bega
J, to invest in Vermont railroads over ten year