Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-06-23

We had supposed that Dissatisfied
Stakeholder " was production indigenous
TO the soil, an offshoot Of the coast. We
know that from whatever source he sprung.
he has multiplied rapidly, and his growth
has been abnormal. We note by a late
number Of the London Mining Journal,
that, like the dreaded potato bug, he has
crossed the sea and now flourishes on
British ground. We recognize his note in
the following p~laintive wall. Hear him:
SIR: When are we to hear further from
the Committee of Investigation which left
this country with SO great a parade Of
ascertaining the true state Of affairs in
Nevada, and Informing the shareholders
thereon? 1t is now many months since
their report should have been circulated
among the proprietors, and in the Journal
a few weeks ago a promise was made that
the report would be forthcoming in a few
days. What, may I ask, is the value of
such q report now? The mine in this time
may have changed to a very great extent
for the worse, and the bodies Of ore which
have been shown to the committee may
be greatly diminished, without any CORES
ponding additions in the way Of discovery,
and, certainly, the rate of exhaustion,
coupled with the very unsatisfactory min
ing reports published weekly, would lead
to such q conclusion.
Is it possible that the members of the
committee have been won over by the di-
~rectors, who uphold a manager who re-
fuses lead in the American desert, and pays
IA per cent. interest for advances on lead
to remit money to pay dividends, ETC.,
from time to time. The manne in which
information in regard to this property is
dispensed by the directors and their man.
ager, gives the shareholders no chance of
arriving at the true state Of affairs, which
can only be ascertained by the manage
ment stating the selling market price
Of the produce and the gross cost, showing
the balance Of profit from time to time.
II the weekly reports we're only half true,
the dividends which the shareholders now
receive should be greatly In excess Of those
declared, but there il good reason to be-
lieve that a disclosure Of the true state of
affairs would show that the board and
management nave to financier skillfully to
pay the present rate Of dividend.
II the committee had done their duty |
and sent out their report there would be
no necessity for struggling, through the
medium OF the Journal, to gain some cor
rect information, but it is to be feared the
members of this committee have been ca
joled into Withholding their report until
such time as all and sundry those who
influence them have transferred their
stock at prices satisfactory to them
selves. The Eureka SENTINEL states that
the custom ores at the Eureka District are
now being sold at Salt Lake City, where de
silverisins base bullion has long since been
abandoned rs a losing operation. If, there
fore, it does not pay to desilyerise at Salt
Lake, where smelling is much cheaper than
at Eureka, how can any intelligent body of
permit the absurdity of refining
at the Richmond establishment The
sooner the bona Jfde stockholders go TO
work and investigate the working of this
property the better for themselves, and the
milder the scandal will be the sooner it il
up. Can any reader give accurate
information in regard to whose pockets into
which the discount on fuel contracts ind
its way? Unless the committee or direc-
tors supply the shareholders with proper
information very shortly, ! may remedy
their sins of omission aud commission by
performing the painful duty Of making
some disclosures which will be more start
ling than pleasant. SHAREHOLDER.
As the report has been distributed among
the shareholders since the above was print
ed, we presume this discontented man has
got an overdose OF information. We hope
the surfeit made him sick; the impudcnt
foreigner who dares to designate Eureka
as being in the midst Of American deserts.
forsooth !! A land where the rip
ping waters tumble in glee over miniature
cascades, and dash and foam down the big
ditch, where chickweed springs up in the
wagon ruts tride Dan de guile and Fred.
Hart, where flowers bloom and verdurc
covers the mountain sides. If this is q
desert, where is you paradise?