Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-10-09
The MoodYllle Natter.

Relative to the difficulty stirred up by
disconnected stockholders in tho Wood.
villo Mining Company. mention OF
which was made in u kilograms OF
yesterday, We givo the following. e1-
traoted from tho San Francisco papers.
Tho Ala says:
A meeting OF q few Disconnected
stockholders OF tho Woodville Console
dated Mining Company was hold last
evening. at the law Office OF A. +. Moo
dies, SOL Montgomery street. After n
long, carefully prepared document had
been rsad, aud which took 80 much time
as TO weary most OF those present, the
asssmblage entered into the %transacting
OF business. A committee OF fve was
appointed by the chair 10 oct rs q Com.
mitteo Of Credentials. Another OF ten.
after much discussion aud confusion.
was appointed 10 dovise Q method OF pro.
csdure to obtain redress OF supposed
wrongs. Mr.. Needles and others stated
that tho Secretary refused to transfer
stock for them ut different stated timos,
and when Mr.. Needles was pressed TO
give tho reasons for tho Sccrotary's re-
fusal, no evadod the issue to u great ex-
tent, and left out In his explanation that
tho real cause was his refusal TO pay tho
assessment upon the stock presented,
which Is customary and made compul.
sorry by law.
Mr.. Pearson. President and principal
stockholdsr Of the woodville Company.
gives tho following explanation in tho
matter to an interviewing reporter Of
tho San Francisco Chronicle:
Ho said that ho regretted that there
should DO any ill.feeling toward the man.
aecment. They had dono oil that was
possible to got the affairs OF the COM
pany into good condition and TO keep
them so. The money collected by the
last three assessments had not boen as
much rs tho public supposed. and would
in q few weeks be all expended In pay
ing for the purchase OF claims adjoining
tho original woodville. which would
have boon entirely worthless without
them, aud for tho machinery now being
put in. This pumping machinery con-
sists Of one 20.inch cylinder six feet
stroke. four l2-inch pumps, and two
boilers 30 inches by lG feet, now un-
der contract to be made and put
in place by Goddard & Co. Of
this city. The contract price with them
was Ss5, 900, lust half what the
Justice mine paid for precisely the same
machisety. Thoy Ind q tsn.stamp mill
just roady TO commence operations, and
valuable buildings just ready for use. A
large force Of men Is ut work In the
mine. the expenses OF which, IN shown
by the books. arc from twenty to thirty
thousand dollars q month. Tho consol-
idation consists Of eighteen claims lying
about the old Woodvillo. which have
been paid for and the title secured be-
yond question. The title OF the old
company was purchased by the payment
Of Gu, 900 Of the shares OF tho CONSOLE
dated Company. lie asserted that there
il nothing 10 conceal about the manage
ment. and the books aro open to any in
dividunl or committee who desire TO
como TO tho Office and examine them.
Mr.. Pearson closed his explanation by
ono moro expressing the hopo that the
stockholders who wers not satisfied
would whit until the new machinery and
tho mill was in operation before taking
any further adverse action.