Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1874-02-25

ny, or to "palm off, on them: he
wished it to be clearly understood that
the gentlemen who had made these
suggestions h.d been entirety misin-
formed; he very much regretted that
such reports should have been circu-
lated; for both Mr.. Probert and him
self always endeavored to keep every-
thing straightforward and above water.
These reports might have been circu-
lated for the purpose of getting the
shares into the ring, for "bulliny' and
"Dearlng" purposes; however, he
would do his duty, and did not care
what followed. Some of the share.
holders had had private agents at E,,-
reka to keep them "posted" with all
that was gOig on. Fearing it was
some OF the employees, he endcavored
To ascertain If such was the case, but
feeling confident that it was not, he was
perfectly satisfied. Having expressed
his full belief in the further develop
ment and future prospects of the miEe,
MIR. COrrigan concluded with the hope
that his remarks had not given otTense
to any one. (CheerS.)
The chairman explained, in refer
enee to Mr.. Corrisan's remarks, that
they referred to period when the
right OF the company to follow it's lode
was disputed by the Eureka Company.
The board informed themselves at an
early date that the laws of Nevada
gave this right, and the result had con-
firmed their opinion. When the black
mailing attack was made in connection
with the Tiptop claims that was quite
another thing, and the vendors mot
that thing by surrendcring 1000 shares
then standing in the market at G7 los.
The vendors subsequently came for
ward and subscribed a large portion of
the additional capital, which was the
means OF saving them; and Mr.. Eng
liSh, at most critical period during the
| recent suit, advanced the company
e5,090. The board desired to do JUS
! tice to all, and it must not be forgotten
that wha: they originally bought was
the Richmond lode, which they had
established the right to follow; and it
was that lode which was the source Of
their present prosperity. 1t was true
the company still owed fl6,O0O, but
they had profits in hand of E3O,0oO.
and they had, moreover, out of profits
paid OFT El6,0O0 during the past few
months.
Mr.. Hopkins thought the meeting
was drifting into too serious, or even
melancholy, mood. There was no
doubt that Mr.. Probert was valuable
addition to the board, as was also Mr..
Corrig gan, who had had a very difficult
task to perform. lie held tho same
opinion as the chairman respecting the
dividend.
Mr.. Applegarth asked whether the
present capital was insufficient to carry
on he work proiitably
The chairman replied that the pres
ent working capital was ample to real
| ize good dividend, but nothing like
what it would be if they had more
ready money.
a discussion then ensuod as to
whether the capital should be raised by
debentures, or by deferred dividends;
and Mr.. Corrigan explained to the
meeting that no additional capital
| would DC required, as the mine was
| fully able to furnish the necessary
funds from the monthly earnings as the
| improvements progressed, without
materially diminishing the dividends.
Unanimous votes Of thanks were
passed to Messrs. Probert and Cor,i-
gan for their visits to Eureka, and the
| interesting speeches which they had
made. \ similar compliment was paid
to the chairman and directors; and the
chairman. III replying, said that Mr..
| PrObert was going ont to Eureka again
as a director, after he had spent Il few
weeks in finding out the best refining
| apparatus TO be adopted ut the mine.
| For this purpose he would have to visit
| several places in England and on the
| Continent.
The meeting then adjourned.