Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-07-04
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suggestions OF the Richmond Conn

suggestions OF the Richmond Com
mission.
The report Of the Richmond Commission
concludes with forty-five recommendation
for the guidance Of the future management
Of the company. Most of them are i'm
practicable, and not a few nonsensical
Some Of the suggestions would be as use
less to a mine as a lying-in hospital OF
sailor boarding house. The first recon-
mendation is to the effect that Mr.. Pro
bert's services as managing director SHOULD
be dispensed with.
2. That the working Of the refinery es
Enlistment be forthwith discontinued, and
the alleged agreement with Mr.. Probert
for the use OF the Rozan process be deter
mined.
3. That no further payments be made tc
Mr.. Probert, either ON account of royalty
or services, until the legality Of his agree
ment with the company for the use of the
Rozan process shall have been fully inves-
tigated by the legal advisers Of tine com
pany, and until he produces the agreement
between himself and Mcssrs. Luce fills et
Rozan, dated 23d April, 1874, in which the
company is interested; nor until the coun-
sells opinion has been taken upon the le-
gality Of the acts of the board, in voting
him large sums OF money at various times,
for so-called services, without the sanction
Of the shareholders in general meeting.
4. That the number OF directors be linn
tied to five, instead Of seven, aud, that if
possible, two of them should be conversant
with mining affairs and bullion business.
5. That a properly qualified secretary be
appointed in London by the directors at a
good and sufficient salary, who shall devote
the whole Of his time and attention to the
service of the company. His chief duties
should be to keep the accounts, conduct the
correspondence, attend at the deliberations
of the board, the reports and accounts to
be submitted to the shareholders.
6. That o general manager, possessing
the requisite qualifications for saperintend-
ing the company's mines and works at
Eureka, and their affairs generally, be i'm
mcdiately appointed, who shall reside at
Eureka, and be required to devote the
whole Of his time and attention to the du-
ties Of his Office. He should report weekly
and half-yearly to the board.
7. That the general manager at Eureka
siia NV NC u QiiCttoA VI "a tcbipuhy 80
London.
.. That one OF the clerks now employed
in the London Office, thoroughly acquaint-
ed with its routine, be offered the appoint
ment OF assistant to Mr.. Il. X. Morrison,
the secretary accountant and cashier at
Eureka.
o.. That a special agent be sent out to
Eureka once a year to inspect the MINI
and works, to examine the accounts, and
to the board on the company's
generally.
10. That a mining expert of high stand
ing be appointed to inspect the mine every
six months, and oftener If necessary, to
advise with the general manager as to the
future working, and to report direct to the
board.
IL. That a metallurgical expert of high
standing be appointed to inspect the re-
duction works every six months, and
~oftcner if necessary, to advise with the
general manager as to the smelling opera
tons, and to report direct to the board.
II. That a mine surveyor he appointed,
whose duty it shall be to keep mp to date
full and complete surveys and plans Of he
mines, and duplicates of which be periodi-
cally forwarded to the board.
IL. That the half-yearly general meet
ings be held in the months Of May and
November in each year; and that to put
an end to the long speeches hitherto in
fiicied on the shareholders at the ordinary
general meetings, ii is proposed that what
ever information the directors may have
to convey to the shareholders, together
with the balance sheets, statistical returns,
reports from the general manager and
heads Of departments, professional ex-
x.~ta a,AI tlo g,a.t.1 a.apk GGpf fvnr,
England, be printed in a pamphlet form,
and circulated among the shareholders at
least ten days before the date of the meet
ings.
II. That all official communications from
the general manager and other officers of
the company at Eureka, be addressed to
the secretary in London, be written and
signed by the secretary, and be copied in
a book, and that no correspondence on the
affairs of the company he permitted be-
tween individual members Of the board
and the c~ompany's officers at Eureka, I'M
less such letters be copied in company's
leiter-hook.
10. That to put an end to the necessity
for loans and advances at high rates OF in
terest for meeting the current expenditure
of the mine, n sum of ESQ, 600 be set aside
out of earnings, as soon as practical, to
constitute the working capital of the COM
pany.
16. That a reserve fund of ESQ, 900 at
least be likewise set aside out Of earning,
and be inveeted in approved securities. so
as to be Immediately available if needed,
to be applied to meet extraordinary re-
quircments connected with the working OF
the mine and reduction works, and not to
the equalization of dividends.
II. That no bonus or gratuity exceeding
ESQ be made by the general manager, or
representative of the company at Eureka,
without the consent of the London board /;
and the board shall not authorize or make
any such grant exceeding f500 without the
approval of the shareholders in general
meeting.
Is. That all officers OF the company,
both in London and at Eureka, be prohib-
tied from dealing. directly or indirectly, in
the company's shares, under penalty Of i'm
mediate dismissal.
10. That all cablegrams which can be
communicated to the shareholders, without
prejudice to the interests Of the company,
be published Immediately on their arrival,
and that in order to reduce the present
cost Of telegraphing, a special and compre-
hensive code be framed and adopted.
20. That due attention be given by the
Board to the recommendations and sug-
gestions contained in the reports of Messrs.
Hague, Plummcr and Eilers, and that they
be acted on as far as may be considered
available.
81. That the Board furnish DIR. Percy,
f. II. s., OF tho Royal School of Mines,
with the samples of Richmond ores, iue
dust, speiss, Stag and bullion brought
homo by the Committee as enumerated in
appendix Q, also with a copy Of Mr.. Eiler's
report to the committee, and with copies
of the smelling sheets showing the losses Of
gold, silver and lead during the past three
years, and request him, as soon as posi-
BILE, to advise the company as to the better
and more economical treatment of the ores
in future. y
30. That no purchases or contracts be
made by the general manager involving a
-. A. 81 Ann -..AI1,k Az $3.50