Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1876-07-19
PACIFIC COAST.

SAN Francisco. July lS.-The struggle
between the dissatisfied stockholders
and managers OF the Newark Mining
Company of Phoebe, Nevada, which has
been carried on some weeks eliminated
yesterday in a complete victory for the
outsiders, who elected an entire new
Board of Trustees. The new manage
ment consists of the following Trustees:
A. II. Geazell, President; /. Weightman,
Jos. Warburton, S. b. Smithson and
JAS. Naphtaly. J. A. Fairweather was
elected Secretary. There were nearly
$4,000 shares of capital stock voted by
the successful party, the late manage
ment making no attempt at opposition.
The election of Superintendent was
postponed to some future meeting. 1t
is probable. however, that the offer made
by a miner in Phoebe to take the mine
and work 1t for ninety days to find
ore. he to take nothing if unsuccessful
IN the search, will be accepted. The
first official act OF the new Board was to
rescind the assessment which was put
upon the stock month ago.
The Chronicle continues its bear
movement on the bonanZas this morning
Borynge, Vice President of the old
Board, and NJ. j. Mcdonald, in support
of the assertion that the Con. Virginia
and California are peterlng out and that
Flood & O'Brien have been heavy sellers
for months past. The Alta, on the other
hand, in an article this morning credits
the recent decline entirely to the
manipulation of bear combination, as
sisted by the recent Illumination Of the
production of bonanza mines, attributed
to the lack of hosting and crushing
facilities. 1t claims on the statement of
one of the members of the firm of Flood
u O'3rien that they have disposed of
none of their stock, but, on the contrary,
they have been heavy purchasers at diff
ferent times. They have firm faith in
the value OF these properties and that
the shares will again realize as great, il
not greater, figures than they have in
the past. The Call goes for the Chroni-
Gle editorially, saying that that paper
supported the bull movement eighteen
months ago when certain parties wanted
to sell but has now been enlisted by the
bears and admits that its previous re-
ports were false, and makes very broad
intimation that on both occasions the
columns of the Chronicle were bought
| for that purpose.
SAN Francisco, July 1S.-The trial of
the case of lhe United States vs.. the Bay
View Distllery, has been continued in
the United States District Court until
August 22nd.
All Foo, indicted for holding the Chi
nese girl, Kun Choy, for immoral pur-
poses, and All Shing, the old hag who
imported her, wers allowed in the
United States Circuit Court this after
noon until tomorrow to plead. Bail was
fixed at $4,000 each. The girl held as
witness under bonds of 5000. Parties
interested in the case furnished sureties
in amounts necessary to procure her re-
lease with the probable intention of spir-
iting her away or intimidating her in
giving her evidence on trial. In order
ty keep her in custody, Mr.. Coghlan had
her re-arrested as party to the contract
under which she was brought here.
VIRGINIA CITY, New, July 1S,-Col.
Fair denies in toto the stories published
in San Francisco this morning concern
ing the bonanza mines. He says that
no work has been done on the 1500-ioot
level of the California mine for five
months. and that the l700.foot level of
the Ophir has been flooded since the
October fire. The WINES from the 1900.
foot levels of the California and Con.
Virginia, he states are in xich ore. He
attributes the Efforts of the bears to dis
parage the mines to their fear of being
cinched on the stocks.
SAN Francisco, July 1S.-In the case
of the Central Pacific Railroad against
A. A. Cohn, II B. Tichner was examined
to-day with reference to the sale of the
block of land and marine ways situate at
the foot of Second street in which, as
alleged in the company's complaint, the
defendant swindled the plaintiff out of
$50, 900 by collision with the witness
Tichner testified he sold the lot to Raj
ston and Cohn in August, 1868, for
$500. 900. The sale was verbal but the
bona tide property remained in my name.
l sold it to the railroad company in Oc-
tober, 1870, at which time they notified
me they would take it and began paying
interest on the amount of the purchase
money. Ralston requested that [ ne.
gotiate the sale az the property stood in
my own name. He told me to get all
could for it. did not tell the COM any
l had sold it to Ralston and Cohn. Raj.
ston told me l should have quarter in.
terest in the sale OF the company.