Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-06-27

seem to have been dictated by temper, the
company loses thousands q year. But I'M
derlying the excuse made there is a system
OF favoritism which has been exposed, and
this to some minds may have other inter-
pretations. Eureka does not appear to be
a land Of discounts, at all events the share
holders practically are not acquainted with
such things. In a document handed to
the committee before leaving the mine
MR.. b THE REFINERY.
Erroneous theories and unsound argu-
ments are advanced therein, and the COM
mittee have made a few remarks Upon the
various points raised sufficient to show
how much Mr., Probert is in the wrong.
The wood ranches, which are about 5000
acres, have not been economically used,
and as they were bought with the object of
keeping down the price of fuel the COM
mittee suggest that they should be nursed,
and the wood not cut down as they saw it
was being done. The water-works and
ranches are rude in construction, and a
system Of reckless expenditure has reached
even this department.. The contract fer
laying a Ain. iron pipe to the water-springs
was estimated to cost 81, 900 to So, 200, and
has already cost $40, 954. The contractor
told the managing director, in the hearing
OF the committee, that he could not do the
work for the sum agreed on, whereupon he
received further instructions to carry out
the work, and when it was finished he
would see that he should not be a loser.
The committee by this time began not to
be astonished at what they saw. They
could see that hundreds Of thousands Of
pounds lay wasted on the fields Of expert
ment and extravaganza, the very cutters
drinking in the gold of the shareholders.
Gold lost in every direction;
FOLD L H OF %FAvonIrEs,
While the shareholders have been wonder
ing what could be the matter with so great
a concern, patiently waiting the while for
the fitful dividends which have fallen inso
their lap. The committee consider the adj
vice of Mr.. Probert III reference to the
lawsuit as most unwise, and seriously det-
rimental to the interests Of the III ;hmond
Company. The cost up to October last
was. Els, 1924, and will cost still more. There
appears to be nothing but one intermina-
BILE round of lawsuits. At ths present
time poor s'Joe Potts" must be in fear of
the law, because the five bosses Of whom
he is chief s~.bulldosed' (whate 1or that
means) the superintendent. The fuel con-
sumed at the Richmond mine must be
enormous. Since operations commenced
i'll 1871 TO the shutting down Of the fur
naces in 1877, it amounted to f400, 900,
which represents % per cent. of the gross
value of bullion produced. There is an
actual loss Of 81 Is per share shown in
this department alone. 1t is not likely
that the shareholders can submit to this
sort Of management much longer. The
loss on fuel, hobbies, refinery, and other
things, can not be less than $3.50, 000-a
sum larger than has been receive in diyi-
dends up to the present time. 1t is now
suggested to send
CARGO OF NGLIsH COX
To the mines by way of an ex pertinent.
The committee show that there will be a
considerable saving if coke is sent from
England. The average consumption OF
charcoal and coke combined in American
smelling and refinery works is from Is to
Is per cent. Of the weight Of ores re-
duced. The consumption at tie Rich
mond during the past six years has ben
fully 32s per cent, so that there has been
50 per cent. more fuel consumed than
there onght to have been. y = 4 X
The books on the mine are indi.ferently
hfPt. ~ bOthS 10 SiVN lcttlDt VI stDfC6,
no "order book" no contract book" no
pooh for dead work" entries, no letter
book" 1t is very clear that the accounts
are pretty well jumbled together. The
general expense account" a sort Of
American petty cash book, sums up to
the noble figures f57 1893 lis. ii. l haye
failed to notice any reference TO the e20,-
900 which had to be written off tie re-
serve in 1876, in consequence Of an over
estimation of stores the year before.
COMMENTS OF THE SENTINEL"
1t is evident that the writer Of the fore
going, Mr.. Gabbott, is not particularly
friendly to Mr.. Probert. Also, it is evident
that the report Of the commission itself is
adverse to him. We are not sufficiently
familiar with the affairs of thu Richmond
to state wherein the document may be in
correct or correct. As q general PROPOSE
ton, however, there are two sides to all
cases. Among the recommendations of
the commission is one urging the abolition
Of the refinery. This is to be regretted by
every II in Eureka, as it will deprive
about 100 men Of employment. 1t is stated,
however, that the refinery is a failure, and
has been maintained at a dead loss to the
company. Ii SO, we can not well blame
the shareholders for desiring that it be
closed down. The report speaks in the
highest terms of Mr.. Richard, and the in
ference is natural that, should the share
holders act in accordance with the recon-
mendations of the commission, he will be
placed in exclusive charge Of the property
of the company. In this event it is not
likely that there will be many changes in
the officers about the mine and reduction
works. The final issue of matters will not
be known here much prior to the 18th of
next month.
FIRE AT THE WILLOWS.