Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-12-22

Romors manufactured by imagin-
ative persons out Of seeming prob.
abilities for wool any personal de-
sign for warp have 90 often been set
adoat about the mines Of the Com
stock that it would seem to require
no warning on the part Of the press
TO keep the public prepared for
them. Yet they come each time in
Q shape 90 new and manner 30
attractive that it is hard for reason
and experience to master credulity :,
especially where ones affairs are
directly affected thereby, and for
the public to estimate the actual
truth. The press, too, or that por-
ton Of it having special interests
to subserve. can scarcely be relied
on for conscientious and correct
information. It is q satisfaction to
know, however. that some papers,
at least, are wholly untrammeled in
these matters, as in others.
The latest mining roorback, set
10 motion for sinister purpose, no
doubt, is that in relation to the
withdrawal Of John Mackey from
the bonanza firm. The rumor is
authoratively denied now. and it is
left for the manufacturers to turn
.ut some other one With as much
plausibility or prima facia evidence
Of truth as possible. What it will
be. We must wait to see. We may
rest satisfied that it will be some
thing affecting the price Of some
particular stock or some limo of
stocks.
In view of the reports set aAoat
from time to time regarding the
sctual condition of the mines, to
the great annoyance and often in
jury Of stockholders, it might be a
fair shake all round to have q law
passed emitting any person repre-.
senting . certain portion of the
capital stock Of q mining company.
say one fiftieth part or one hun
dredth part. to the privilege of
entering mine and examining all
its parts. including the diamond
drill borings. etc. In cases like
that Of the Con. Virginia no"
where contradictory reports are
circulated, which. if true either
way, greatly affect stockholders, a
sufficient number Of shares might
be gathered up among tho outsiders
to secure an investigation and q re-
port.
This would be in accordance with
the principle of minority repre-
sentation. which is regarded. we
believe. rs eminently just, if not
altogether practicable. At present
there is no minority representation
in joint stock mining companies.
The outsiders are regarded as the
legitimate prey of the Insiders. In
mining. different from other joint
enterprises. there is vast room for
this sort of preying. There is no
justice in it. because if . certain
party falls short . few shares of
getting control at the election they
must submit to whatever the sue
cessful party may choose to do in
the way Of taking exclusive advan-
tage of discoveries. The case Of
the Mexican Company is somewhat
in point here. There would be no
harm in allowing the Drexler party
or any other party representing the
required number of shares, to know
at all times the actual condition of
the mine, however the controlling
powers might choose to work it.
Snch . privilege to the minority
stockholders would operate ~ an
effsctuai check in the roorbacks
spoken Of above. and would scarcely
work . disadvantage to anyone.
The following conversation was
heard on the street the other day.
Two matrons. with families of chill
dren at home. met. when the first
observed my sakss, Mrs. Blank.
y. -