The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-02-25

Tin addition to the 5000 | had left with
him), for which he paid about 10 per cent
premium. During the fall of 1872, my
agent being about to leave England for the
United States, sold most of my shares, and
] have not visited the nine since my visit
of July, 1879.
In September, 1872, the company sent
its President, George Anderson, ESQ.,, NJ.
p, TO Utah to look after its interests there.
After he had seen the NINE, he wrote to me
at New York as follows
WALLER House.,
Salt Lake, September26, ,SI2.J
My DEAR SIR IL have been through the
mine, and am far more than satisfied With what
have seen. think 1t Is quite impossible for any
one to go through, without full conviction
that 1t Is mine OF immense wealth, and that
we are IN possession OF splendid property ;the
sole difficulty Is thu. being allowed to hold 1t in
peace.
CSC. ANDERSON.
TO Hon. II. w. Park.
This was year after my sale, and after
ten dividends of $4,000 each had been
paid, and it is proper to say that Mr.. An
dcrsOn and his friends owned very largely
in the stock, and after his visit purchased
much more at above par.
In October went to Utah to try the case
against the claimants, and obtained final
judgment for the company Mr.. Ander-
son was still there and visited the mine
again. and from his report (my health did
not hermit NV poinr with him). and The
renorts of others. / ordered 1000 shares
purchased at the market price and all that
could he got at mar. NV agent purchased
o.Ot5 shares nj above ~ Dpr cert IRE
MUM
II will he seen from what have written
that parl of the mine was purchased on the
stl enrth of their previous knowledge of
the mine and of an examination bv com
petent Marty selected bv the purchasers
themselves that three different English
directors examined the mine nt intervals of
about three months and were more than
satisfied with their purchase that nine
months after the sale / was willing to re-
purchase the mine at what we sold il
for (and at that time il would have sold
for much more) that over wear after the
sale | purchased LARGELY in The stock at
above nar; and finally that any stockhold-
er. afte, having already received 49, per
cent IN dividends, and Having had fourteen
months in which TO investigate the proper-
ty. if he was dissatisfied with his bargain,
could have sold his stock at above par.
NAV 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.
It Is charged that the mine is worked out
and of no value Ii this were true, no one
is responsiblc for il. Certainly not the sell
lers any more than the BUYERS as no one
can look into the bowels oi the earth. In
vestmcnts in all mines are to 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 giycn out: not one
twentieth part of the ground Ids vet been
explored even; and the mine is now and
for some time has been earning over 81
900 net per dav.
ANY one at all conyersant 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,
900 gold in the Proyidential mine, in Nc
vada, which proved total loss, as well as
other Investments there; but never
thought any one had cheated me.
| wish to say few words as to my con-
nection with the railroads of Vermont.
began to invest in Vermont railroads over
ten wears ago. and have never received a
dollar in interest or dividends to this Gav.
on my Investments have had opporuni-
ties to sell out and should have done so. if
| had not felt pledged to protect the inter