Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1874-03-06
had seen the mine, he wrote to me at New
York as follows
WALKER HOUSE,
Salt Lake Sent % 1872

w
Salt Lake, Sept. 20, 1872.
My DEAR SIR ii have been through the
the mine, and am far more than satisfied
with what have seen. think It is quite
impossible for any one to go through, with
out a full conviction that it is mine of i'm
mense wealth, and that we are in possess
sion OF a splendid property; the sole diff
Guilty is the being allowed to hold It in
peace. Yours faithfully,
GEO. ANDERSON.
To Hon. T. w. Park.
This was year afler my sale, and after
ten dividends OF s75, 900 each had been paid,
and it is proper 10 say that Mr. Anderson
and bis friends owned very largely in the
stock, and after his visit purchased much
more at above par.
In October I went TO U tab TO try the case
against The claimants, and obtained a final
judgment for the company. Mr.. Anderson
was still there and visited the mine again,
and from his report (my health did not per-
nit my going with him), and the reports of
others, 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.
II will be seen from what 1 have written
that part of the mine was purchased on the
strength of their previous knowledge of
the mine and of the examination by a COM
petent party selected by the purchasers
themselves; that three different English
directors examined the mino at intervals
of about three months and were more than
satisfied with their purchase that nine
months afler the sale was willing 10 re-
purchase the mine at what we sold it for
land at the time it would have sold for
much more); that over year after the sale
1 purchased largely in the stock at above
par; and finally that any stoolrboldor, after
having already received 1871 per cent in div
idends, 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.
1 may add here, that never heard OF a
person, friend or foe who visited the mine,
that did not make a 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 SELL
ers any more than the buyers), as no one
can look into the bowels of the earth. In
vestments in all mines are 10 an extent
speculative; mines sometimes proving to
be worth one hundred times their cost,
and sometimes giving out, contrary to the
expectations of every one. But in fact this
mine 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 feen earning over 900 net per
day.
Any one al all converse Mt with the histo-
ry of mining enterprises, knows the uncer-
tainty OF the business; great gains or great
losses are the common experience. Among
my mining Investments was Sl30,O00 gold
in the Providential Mine, which proved
total loss, as we'll as other investments
there; but never thought any one had
cheated me.
1 wish to say a few words as to my con-
nection with the railroads of Vermont.
began 10 invest in Vermont railroads over
ten years ago, and have never received a
dollar in interest or dividends to this day,
on my investments. I have had oppOrtun-
tiles 10 sell out, and should have done so, If
bad not felt pledged TO protect the inter-
ests of the community dependent upon the
road.
There are no doubt many communities
that sufer from railroad extortion, and
from ~ant of-proper railroad accommoda-
lions, and do not doubt .hsre are those in
Vermont who honestly believe they haze
Just cause Of complaint against the rail
road management in this State, with which
1 am connected. Yet / believe there is
no State in the Union whore the people are
so well served by the railroads aud have so
little cause of complaint as the people of
Vermont; and trust great Improvements
will be made in The future adding to the IA
cilities already enjoyed.
II is possible, and perhaps probable, that
hostile action by the people Of The Legisla-
ture may destroy the present system, and
if so, while it wolld not probably be TO ny
pecuniary disadvantage, it will be discov-
cred whether the opposition TO our railroad
management is serving the best interests
of the State. By the judgment of the peo-
pie, thus formed, am content to abide. /
would retire from all railroad management
If did not believe my interests were ident-
ified with the interests Of the people at
large. Certainly my position is not pleas
ant one for man to occupy who desires to
live in peace. L. w. PARK.