Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-01-11

satisfied the results of their investiga
ton would prove hat the 30OOI. re
ferred TO was the best money ever spen
in this company. He was placed in
somewhat invidious and unpleasant
position, because the shareholder!
would probably expect to hear from
him the result of the committees en-
quiries and Investigations (''Certainly,'
and mo, no") but he wished the meet
ing to understand the position In which
he was placed. He was asked to &c
over to Eureka, and he said-"T car
spare the time from my profession
through the long vacat ion." A delay
took place in the meeting, and he was
unable to sta ri before The middle of Sep.
TENDER to Eureka. When he started
he told the directors and the commit.
tee that he must be back in London not
later than Nov. Is; the business de.
manded longer attention in Eureka,
and he gave up his professional duties,
and remained out there for six weeks.
When the committee had concluded
their labors at Eureka, he went with
the committee to San Francisco, ia
make some enquiries there, and he left
the other members of the committee
there, and came home to England
quicker than the letter which he had
sent on to announce his arrival. He
might say that the gentlemen on the
committee had intended to send home
their report by him, and to have re-
maiued in California for the winter,
put they had since come to the resolu
ton that the results of the enquiries
which had been made were SO import
ant to the shareholders that they had
determined to give up their intention of
remaining, and had decided to return
to England forthwith, and they were
now on their way back to England,
when the report would be discussed
and drawn up, and submitted to the
shareholders at the earliest possible
moment. At the proper time the share
holders would receive full and ex plicit
information from the committee in re-
spect to the onpany's affairs in
Eureka, and he was satisfied that they
would say that the committee had we'll
carried out its duties.
SHOULD REPORT TO THE sHAREHoLD
Mr.. Baylis said he considered it his
duty to maintain the utmost reticence
until the committee had decided on the
report. The committee was appointed
and paid by the shareholders, and
should report directly to them, and not
TO the Board of Directors.
Mr.. TeDdron expressed a hope that
they were about to inaugurate a new
period of confidence between the share.
holders and directors, and reinstate the
in the good OpiuiOu If the
puoilc.
Mr.. iayior indorsed Mr. Iendron'
ana SAID that ne hao IL from reilabie
sources mat there was not a better
property In the Stale OF Nevada
coiiiinitiee report shoulu De submitted
70 the Board before going u to The
IL was not lalr nor
10 thein TO SEND out an er
p1'fe statement without giving them
opportunity OF replying TO IT. Ii
there was any IN the remark
mat the Slo'ooo had peen well spent, II
meant that something a gone wrong,
ana Inc directors shouio nave a chance
replying.
The Chairman said that in regard to
he ntIPStlOn NJ nrOf1fS ihAV Rnnld univ
--
appr"~''ia'e' me very low price oi
lead and silver tended to making them
smaller. Per contra, he would men,
that alterations had been made i'm
the furnaces and blast pipes, whereby
thew were only consuming 30 bushels
of coal GER ton of ore, whereas for.
inerly they had used 40 bushels. a
saving OF 20 per cent, ana a very mn
po,,ai' en- - iesaiu W a'9 conn-
was to ascertain whether a more
economical method of working the ore
couid be ADOPTED: IL was no use gong
n,oreryv and ,ba ,n.in n,e.t;,n 80
pow r. redIce yorking awnsnsas
renIv 70 question of sb,reholder. he
ss;d ha Guild not state The axaraoa Of
grorpd owned hv the comnsnv
yUharavar nre ;s rod Tho If,itsd
S,ates Coyarnmant o,an,s s,f6niant
Ind cnr eren,iny For nnrr'
;na he nina ana Iha nsnars nf ,ha
80 r;,h, aonaraur snoah;nm
Of f]niinuina ne orc wharavar !, Iaag'
thom Thsir rigbt was unJervrn,'nd
md rot a snrf,ca r;ght No ,asaiu
nassod oct had ai,.rod IL, r;rh, IT,
toITS' ~ A. "a