New-York tribune., 1880-03-07
THE Raid ON LITTLE PI1TSBURG.
THE ANiAIUs OF THOSE ENGAGED N 1T, AND THE
TRUTH REGARDING The NINE

THE ANINIUs OF THOSE ENGAGED N 1T, AND THE
TRUTH REGARDING The NINE.
During the past few weeks certain specula-
tive circles have devoted their attention TO the stock OF
tbe Little Pittsburg Consolidated Mining Company.
The object of the to depress the stock,
and the shares have scnsby declined being quoted
teIday at the close at 13. The methods re-
sorted 10 have been those usually adopted by
operators on the short side Of the market.
when they can find newspapers 10 serve their
nurposes; and yesterday telegram from 4. +. Van
Warcnen was circulated, 10 The effect that he nc an
EXPERT had visited and thoroughly inspected the tte
Pitsburg properties, and had found them so far want
ing that only two dividends could be declared.
Those who arc in n position 10 speak by
authority say that A. W. GIN, formerly presi-
dent Of the LoaGvile Mining Company, and Mr..
Van wagenen. who was the superintendent Of that
company under him. have been especially interested in
forcing down the Little Plttsburg stock Not long
and while these two gentlemen the principal man
ayers OF the Leadville Company dividend OF 100000
was declared when they had overdrawn tho companys
account at the First National Bank OF Dcn-
ver about $2j 600 Some OF the largest stockholders
learning Of this fact concluded to dispense with the
vices of Mr. Gin and MI Van Wagencn The Leadville
Company consequently rc0rgauized and the
offices moved. as stated In The TRIBUNE ut the
tune Several OF the principal stockholders in the
eadvile Company also heavy holders Of shares in
the Little PittsbuTg, and az nalttI OF revenge as wen
ss Of !f,t
oustod aud their friends organized raid on Little
dant Of the Guardian Life Insurance COMPANY,
VIII ch failed under such uufavOrablc circumstances
The property Of the Little PittsDutg Consolidated
Mining Company consists Of the New Discovery Mimic
nnck Dives Union and LItto PittsDurg, constituting
ono of the most extensive mining properties III
Colorado Mr. George H. Frcyer disc0verer OF
the mines In Freyer Hill, and one OF the
nost expcrenccd miners In the West, In conversation
La evening with The TRIBUNE representative. SAID
that the work thus far done on the Lite flueburg
properties represented ony about one 0urtn Ol tue
S.W Discovery claim alone or but lttc more than one
tweutieth of the whole area OF all the claims MI
Freyer iu de yelopHg the Joe Bates mine. adjoining the
New Discovery the opposite end nom whence The ore
v ofoTe and he same formation In the New Discovery
vorkiups and expressed the opinion that the vein or
deuo. IN the New Discovery would ultimately be found
10 extend throughout the whole c.n0I. Inc tIuih u,
and the principal OwDcrs OF the stock ana INC omccTs
OF the Little Plttsburg Company admit IL Will
ont hesitation, tnat during the absence OF super
nteudent Bearce, and Of General Manager Wilson,
for nearly month. the p:o-pectirg work was
neglected and the reserves IN the mine were On
crOacbed upon. Vigorous operations are now beng
carried on ia all the Shafts aud levels, ana trustworthy
priyatc adYces oadYe are 10 the elect mat the
mine will soon be In bcttr condition then ever Depre.
The principal CT the stock state tat they have
none 10 sell that they propose 10 hold H. and mat
their faith In fne value Of the property
remafns uushaken They expect and believe that their
dividends will continue Notwithstanding the chorts 10
alarm tie side holders. aud induce them TO sacrifice
their interests IN valuable property In short, they do
moi believe that the bottom has dropped out Of Little
PittsDGrg."