, 1879-08-02
Resembling an Assessment...sm"
portant innovation.
The Remedy to Be Applied by
Eastern Investors.
Mining Secretaries md Thoir Modus
operandi.
A Change OF Base by the Lead-
Ing Mines.
Tho Political 0ut1ook--Hard Hitting
'Twixt Gorham and Pixley*


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opeFatAe anu ufafnatlc toss1p'
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smetat CosYtspondt,,ts Of The Tribune.
BAR Francisco, July 2l.-Thc sensation OF
the tiny Ia the resembling OF the assessments
levied on the 9th Inst. By tho Bullion alnl Ex-
chequer Mining Companies, Ia Difference to tile
threatening nttftlt'c assumed bv ao1tie Of the
largest stocshDlderss the presss aud the San
Francisco nnd Pacific Boards OF Brokers. Seldom,
hns public indignation manifested itself moro
strongly than In this case, and never has the
loudly expressed will OF stockholders met with
promptcT recognition than In this action on the
part OF George Schultz aud his fellow-mauagcrs.
Here vas tho Bullion Mine having just collected
ono assessment, md with $4,000 owing to Il
bv Schultz, logy!nE ncw tag Of st50,00o on Its
ntockhodcss, an1 the Exchequer, with 81, 400 in
a..L,r, 1iLoxf.o =, r.ta. .rn.ho. e.t3 nno s.o,r,
a.. .tncthr,1ar. ,,a ,s"s . ,ns. st0vv $1,000, %
~. maasn,....,n @ 'a'5 %aS so oats's.a s', ..a
'"as some o1p'anauon naa TO 20 given, nt'a flc
reasons vouchsafed for the assaasneot wcrc as
follows;
Nrst-Tte nocJ cf nort r,hr,,o en- M.
neeu ~ e'u''.o"s"h ~" w
Aneaf 1901 10 Ado'ph sutr" Tor Tue construction
OF branch lateral drift connecting tho Bullion
and EIcheourr ground With the main Sutro
tunnel. TI,n 1}u,l,on rontainlnr 1.1ap feet. the
L. cra ,.t.. r.
ta1 opon " "oula o 10 s'a.ooo anu Inc Eachcquer ~
containing 4o0 feet, the amount uue from It's
Stockholders would he s1S. eco.
.Secoad-Thc necessary current oxpcnscs in
"trh.nE Lis t"o mines
tHtsu-lne sfhk'h. o1 new JOINT shait Tor
both companies. which. tn the judgment Of the
Boarf, had been deemed advisable,
~
~ ~. -" enAA
s,f,.. ~ ,,a.'.sa., 49,. ~ :. ..,, a5
r"Hec ~ 'uc"lto,' lnHs " WIN not oc oelore nc3s
year that sutro's lateral branch cnn reach tho
Bullion line, and that when Sutro vns anncolrd
to on the subject ho statet1 that he ahol,l1 nnt
ra31 m +ho nrt,in, ro,,n,.,, e.. 49,. na.,,., -
=" -. 4."1 eo."pa1y 1ot u"s pof''on u
'n.ls aqo.a untas I'LL Janaaf5, nor on inc Excheaner
fore, seems scarcely sufficient grounds for call
tng on the a1ock],oi,,er. tn nav N thc nno c.sc
sir nu,1 in tt,e nt,,"r twrirc nonth. obaod S ~
ti,no. s''s '"''''' "Ao"A ~
As As reeor,, tic IN rrept crneoscs ,br,c IN tbe
c,sa - ;ha I,,,,Nn III u1pe.lsSs .nesc ~ lhe
n,,estonN .hn,ii M, ornos sIn IN 'st ~, " ,,tn @
mid in The 1nso of tc Exreo,srr With un,m, hss NJ
slpft. Old month sl'nmi1 In nn,nic M A"S Nav nv
the anonts IN thn rensmry of Fl bo mincs Npw e
cet,rr witt ta snr,a t%o II. aohmi.- .,r.'t ~
cnicr ~ r,r .inso uaT =, W
months n cnna ,pf,a,,f nv t"s.h auv !,
frotn thu Stockholders. '"A"'
focrI nrnnn.tfo', -, III H., e ~ In ott .ost ~ 9nIc.
,,as .nrram1,a,a ~. tnc uea oelng 10 SINK
tic Contslock in order to st,ko ,b ic',ec coG far, ~
i"w ti,e syrfsca nw s4'o, a',.t ~ G-Ge
At icast r reara ~ Iii, on,a ,rn w.. l., sahs VIZ
nrirhl,orhnn,1 ~ - nnn IN ,,t, -" - liz
that when the iedrn WIS str,,rk itc eynansn ~
huaii,g and pumpInx would rrcnttY exceed thu
profit to be derived from tic orcs oo,sted. This,
too, would to pretty business to commence al
the very time whcu
THE COMPILATION or TIE s,rrno TUNNEL,
was to do away with tho moi ~ sIurinr .na
snusnntng roHtv ah"fts ",d Hi, IN sV"r' s,,nft @
chcn,r Nina ,ir.ar ns s,x W ~ rao tnao n, r.
tfe lem mntnt,nn r. NAB" ~
tfc contra1ts n Son'rv 1,,o, ,.,ant's, ou.
Others caused Stz ri III fr'auda To- ogort grt
lion must have convInrc,l lin ia,at n, - tns
wGrn hc ,raa ,.fnr ila,,,. nn '1a.' ~ .e
propriatcti to htusclf SS5o'l0 Of ,hc .f,,sticc
h. iaie"iv =, uut3ss, n,3, nt panae "ould searee!y
sNH mi nv acrp,,ai ,ea s,s' va'S % @nunsr
nnd ricr,sa ~ tnth f;n,nrs;nn ,.a ~" sesIsal5 5
or were removed Inst TucxInv mi nerson. ny
anv annnvint, n""s,nus ,r,J .i,', ans"es
st9ckhosrs ~ ~ ,rt,, .n.sms a,.n w. put ~
Fortmnntn, fnr t,,a ~ .,Ii; inh RI, turu " l'.u'
President Of the San Eranrtscn oa, " I,r',.r.
waa himself iarrciv lnt"restea ia XII.
AMI h.. nressci ta mnt,or s.ith an,l, otn ~ s,
m liz fsfinw- nroS.rs ia.t tU saIn 'ts,staneo
Hoani tnnn,s.r"H et'oir Eraa.'tf" nut u.c
TIN .t,...t,.iI.s.
.st'h ~ .a w. W .e a,ssaslsied starehodefs
in urSF.r new eIcctn for a9 T,,,oeas ~ e ~ ut,
rnmncni"s Ti,s. 'un n.ai.an .ot tEusLesa o. ootn
boori vas at once indosacd by the Pacific Board,
aIa ho !oua were tho exprcsstons Of approval Oh
LII par. u ''e 1onE-sn1icsinK public that
TIE SCHULTZ Cnowp
felt It necessary to issue cIrculnr stnttnr Tint
the1 wore ready at thu request Of maiofitr Of
the stockholders to abnt,tion tho s,,n. ~ M
Joint shaft, aud this confession Of wcakness Wa
followed Yesterday by tho Resembling OF tI,o rs.
sessment on ther part, schul,z ansi hts 5rfcnIs
1lnye beaten this graceful or uisgracefni retrcst
III tho evident hone 0f thus wnrflfnr ~ In
threatened Investigation. hear. howsycr. lint
tfe Board, having o,,co takc, up Inn mnrfer. In
not propose to WHIT until Tic 0etomr cIe"t,oU
for Tive removal Of 8chu]tz Il cn> hnt
will, on u,u contrary. forfhwith naat,tdnn HMs
the courts for new election md nm c1o,ntnn.
ton into the affairs Of the Commnv. In iii.
action they will meet tic entIra sn,rova1 MI
ouly Of stockhol,lurs here. hit ataa ~ iii ra.t.
cru inventors. Tic ABUSES tiiat 6ayo long me % i,ccn
going on IN the mauassment sf ,ninre ~, III
conaE hnve hean ri ~" T5t ,., ~ ti.ss W ti'ls