Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1874-02-27

reports of others, l ordered 1900 shares
purchased at the market price and all that
could be got at par. My agent purchased
2,0l5 shares at above Is per cent premium.
1t will be seen from what l have written
that part OF the mine was purchased on the
strength of their previous knowledge OF the
mine and of an examination by competent
party selected by the purchasers themselves
that three different English directors e1-
amined the mine at intervals of about three
months and were more than satisfied with
their purchase: that nine months alter Inc
sale was willing to repurchase the mine
at what we sold it for land at that time IL
would have sold for much more) that over
a year after the sale purchased largely In
the stock at above par; and finally that any
stakeholder, after having already received
1911 per cent in dividends, and having had
fourteen months in which to investigate the
property. if he was dissatisfied with his
bargain, could have sold his stock at ABOVE
par.
NAV add here. that never heard OF
person, friend or foe, who visited the mine,
that did not make very favorable report
upon it, and its future prospects
1t is charged that the mine IS worked out
and of no value. If this were true, no one
is responsible for it Certainly not the sellers
any more than the buyers), as no one can
look into the bowels of the earth. Invest
uents in all mines are to an extent specuia-
tive; mines sometimes proving to be worth
one hundred times their cost, and some
times giving out, contrary to the e1pecta-
tons of every one. But in fact this nine
has not given out; not one-twentieth part
of the ground has yet been explored even !;
and the mine is now and for some time has
been earning over 81 900 net per day.
ANY one at all conversant with the his
tory of mining enterprises, knows the I'M
certainty of the business great gains or
great losses are the common experience
Among my mining investments was $780,
600 gold in the Proyidential Mine, in Ne
yada. which proved total loss, as well as
other investments there; but never thought
anv one had cheated me.
lwish to say few words as to my con-
nection with the railroads of Vermont. l
began to invest in Vermont railroads over
ten wears ago. and have never received
dollar in interest or dividends to this day,
on nv investments. have had opportuni-
ties TO sell out, and should have done So ii
had not felt pledged to protect the inter
e.ts of the community dependent upon the
road.
There are no doubt many communities
that suffer from railroad cxtortion
and from want proper railroad accommo-
dations, and do not doubt there are thos'
in Vermont who honestly believe they have
lust cause Of complaint against the railroad
Management in this State, with which an
connected. Yet | believe there Is no STAT
in the Union where the people are 50 wei
served Nv the railroads and have - llttl'
cause of complaint as the people OF Yer
mont and trust great improvements vi!
, be made in the future adding TO the iacill
+ ties already enjoyed.
1t j. possible. and perhaps probable
that hostile action by the people or III
Legislature may destroy the present system
and if 50, while it would not probably be {
nv pecunia7y disadvantage, 1t will be DIS
covered whether the opposition 10 our ron
road management is serving the best IN
. terests Of the State. By the judgment o
, the people, thus formed, | am content t
abide. / would retire from all railroa
management if did not believe my interest
: were identified with the Interests OF III
G people at large. Certainly my position,
not a pleasant one tor man 10 occupy "h
. desires 10 1--we in peace. l. W fAkh.