The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-12-19
mH. MIXER 1yD THE MINES.
How q Company or Capitalists In Holland Ac-
auired - Bonanza.
To THE EpGron OF TIE SuN-Sr: In

CURED ~ BOnnnkn.
To THE EpIron OF The SUN-ST: In
relation 10 the charge Of having been connected
with the Caribou swinde." would say that
in 1879 The Caribou Mine of Colorado was being
offered for sale in England 10y ID. II. Moltat. Jr..
cashier Of the First National Bank Of Denver.
and he failed in his endeavors to effect a sale.
The owners OF tho mine were Abel d. Breed.
Esq. now Of tho Windsor Hotel. and Mr. Theo.
Curran. of J. Il. Henry. Curran & Co.. and
College place. New York. After Mr. Molats
failure. was placed III possession Of the fol-
lowing reports and Papers regarding the value
OF tho Caribou Mino:
Capt Cutter NJ. T.. that tho value OF the ore
ia sight was f3.27l 372
Thec. Whytlc. representing Lewis Co. of
Liverpool. that the value OF the ore in tho mine
February. 1927 was s22GS.0O0.
Capt Clcms. NJ. T.. representing Taylor h
Sons. the ointment English engineers. that Sept
%. 1870 the orc reserves were valued at
$4,000 st'rling
Capt Kendall. Cornish NJ f.. that the mine
would yield profit Of 100000 ~ $3.50 900 per
annum.
The Hon Jerome B. Chaffec. present United
States Senator that it will now Aug. ~. 1871.
produce 5000 net profits per day il worked ~
it, full capacity"
Those reports impressed me that the Caribou
mine was one Of great value; thcreupon | Sc
cured from Breed CO. the privilege Of selling
the same. and eventually a company was formed
in Holland who paid me 81 $50. 900 in cash. and
N,75o O9q shares Of The company. Of the cash
| McCullOch & o.. sl.0OO.OJD in cash. Previous
| to making the sale 60 the Dutch company had
| never seen the mine. knew nothing whatever
| the company satisfy themselves. l advanced the
| sum OF s25.OOnto enable them to make such in =
ssaSS sy . Th f. ynn b @s q The my s
| Mining Engineer. Of tho Dutch Government ;
Irof. yoScisang OF the Delft University, aud tho
Hon. !. l.. dc Bryn Hops, member OF Pnrla-
| ment TO examine the mine and mill, aud they
reported that there was ore in sight to the value
| purchased. How il was subsequently managed
| every miner Of Colorado full VOL knows amt
| by constant mismanagemcnt this valuable mine.
| failed to become remuncra'ive. The share
holders lost faith in it. and, no, paying their
| creditors. the property was sold. and senator
Cha1cc became ,he purchaser. MOI. az stated by
your cOrrespoudent, n trustee for the Dutch. y
hut for himself; and under his management, it
| will again become "A dividend paying mine.
| The pcr-ons associated with me in organ
Ting TIC company in. Holland were p p. Van
CSpeo prassnt Prime Minister G e D u Bo IL,
| OK Minister to tho United States. and not
Baron Estouney. the Baron Grant OF Hol-
/ am in, possession Of all the reports quoted
and will cheerfully produce them u necessary
| and why your correspondent should charge the
| Caribou sale ~ a swindle IL a mystery to me.
The shareholders 81 the company never 50 con-
held me responsible for Il; f)r | have in my
| possession cable to me from the director
fay boa S SPi At ES MRS sS o
der you vote Of thanks and confidence
And at the time the Caribou mine was sold
the company was indebted 20 me, as can be seen
10y tine records OF Colorado. 10 the amount OF
some s2DO,OOo. At the same time owned the
controlling interest IN the stock Of the. com.
lany. These facts. which | alu in position &
prove beyond question, will show how l Jared
In regard 70 my connection with John Leigh.
ton. would SAP that he rendered me service IN
connretgn with the sale OF the Caribou mine
sequenily attended t. thu collection Of large sums
Of money for Lie IN turorc. which lac prompt,
Andrews CO.. and other paris bankers. 10 m,
| credit to Aug. Belmont Co. have never hHC
any other business connection with Leighton
directly or Indirectly. had no interest in hi.
going To- California. Am not acquainted will
Barnard. Potter. Schultz, or Bailey who seer
| 10 he connected with him IN the Ex dholuer pool
mine. an1 that IN to * then selling Tor 81 81
would soon sell for $50 or more. Uron this in
i r snr,n Erghgssgno on ,s B. krsy now
mo. VIZ: loo, e.; .ip 6 p: 2uu. j's and suhsc
quently bought 25O. * MtAis stock Inowhold
and the las, San Francis quotation was 5 =
50 you can soc what profit nave made out o
| Exchcqucr, and | here assert. and defy success
iul eoniradiction. that never Induced a liSinI
| n
that did request leighton 10 buy for me O1
shares M H. and desired him 10 draw OIL M
f0rtLe amount, and failed 10 honor the draft
| having been disappointed in securing eXpecie,
funds. | lave all Loighton's correspondcnr
relAtVQ 70 LAchcqucr and have no hesltan, v II
lnNlung you ~ any = ~ ln- concerned 4
prru~r IN lett -. SO as a. satisfy yourselves U
the cuiire truth az my statements.
| never mai ans connection with the social
syndicate. and never cluiMtl to have ONur,
single share OF tlo stock or any interest u
any. except rs hrreiiI before stated
Ale f. f.a M In N
n.ction with cxM Marshal Shaficnbcre who ha
been lately pardoued by the President. II
reference % him. would say that Whic he de
fraudrd the United states Government out 81
some $4,000. h. at The same time served me tn
same way to the amount of s25nOuO. | thin
further .lmm NJ about him and my conncc tio
with him entirely ulncc s~aly.
In ref renee Ia the SO-palled PUBLISH
DOGGY letter. marked 4. | know nothn
Of il; can't remember Of ever having writ
ten It or any OCCASION for The use OF such
letter; AMI until nm satisfied am the Hutho
! Of il. may not Justly HsN the suspen- ion [
opinion against ino un that SCOPE al lcast.
Codrtlus rs do the fullest inv stisAtiOn G
the statcwcnis here made. and knowing th3
they can't be successfully 'iut d. | rpcal I
| you 90 do me- tn justice t. inv 'stigate the mai
: | t"r, and render To- uc such lustitc As III cil
cumsianccs satisfy you tina, | am Justly cntitie
Co.. NOsgs AMER.
? GRAND BOULEVARD HoTEL. De-. 10, 1877.