New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-28
THE alta AND STANDAKD MINES.

| MACKAY AND THE COOKS OBSERVATION-DISCLOSURES
SIDE OF THE STORY or THE RISE AND FALL. Oh
| THE STOCK.
To the Edftor or The Tribune.
SIR: Numerous telegraphic inquiries from
the East based upon publications THR TRIBUNE
concerning the Alta mine have received here reflect
ing very seriously upon seth Cook. Daniel Cook and
other heavy stockholders in that property. With thor
knowledge the working Of the mine for
the last eighteen months think due to capitalists IN
the East and in Europe Interested In mines In the United
States and In the interest OF the Pacific coast that
facts should be stated concerning the Alta mine, the
parties who violently attacking 1t, and its princi-
| pal stockholders.
when the mine reached the 1850 level went through
It, and favoraby impressed tnat got stock.
| Deep mIne working is seductive and uncertain, and
heavy assessments are unavoidable. l have no stock
therefore disnterested hat far. Small men
with small minds usually communicative; greater
men with responsibilities guarded and rericent
superntendents make periodical reports Of work done
| and changes that may occur. Honest man Igers are
choice OF words no has been the Com
sloeg than MackaY and he Cooks. In every valuable
mine stock operators employ miners 10 give them points,
and persons often earlier advised Ihan the
apers Themselves OF new developments Or disasters.
BY these operators the recent boom OF Alta stock
begun. Dan Cook not been director OF the
pany for year. He at ranche about
forty miles from here. when the boom started and
not in e.egraphc communication with either Virginia
this city and he remained there taking part in IL
for a while. Seh Cook Is still director, but in
New York when the began and returned here only
two weeks ago personally ascertain the value OF the
reports about Alta.
As the stock rapidly and as rapidly fell. Dan
Cook, like all mOned operator, bought sold bought
and sold again. doubt: but whether ne
gained or lost, nothing has been published TO
show. After the bOrings OF the Diamond drl had
hoised great body OF water rushed in the
2050 level aud tue sioc fell from $40 90 TO y % per
share. Stock or financial papcrs generally tnnk they
well advised, aud occasionally the propr1etors IN
vest This time Nv nave g1t hurt and lrom tlat and
ieleeraphed all over the country, ~ to New
Yorl
The Virginia. Fnt7priss rto edited y gentlemen
like George Goodman. Cou!fessman igseit ard Judge
Goodwin, VITA ban" II QnHlc--w justly rcgaIted az
authority ON mining matters. Recently there care |
and his attacks have been Of the most |
rightful enaractcr-dirty and b1ckeuad beyond JIo-
tation The Cooks bOth welEknown 10 New-forH and !
here are very wealthy nut I'm Sttnta OS are genilc
men IN habits and associations and are The peers ot ANY
men here. Tie virtu0us and IN ignam EHiyPrSe !
sd rccommt DDS that be immersed and cooked
Cook brothers down like dogs will be neld hero"
These rawlings were cO dcOmmented uDOn telegrapntd
East and published in respectable papers.
Pltcnce has is limit, and In The Enterprise Of the
flowing day APP rs " eorreeti.n.." Tue Board of
Trus Of this rnal state most empAatically that
" lie series OF edit ais III yesterdays Enterprise de-
rouncing The management OF the alta ana standard
mines. aud connecting the names Of MossTs. Seth and
Daniel COOK or any Otter gentleman tnef'Wh, was en-
trely unauthOr Esd and published without the knOwl
edge consent of the Board and s by II hereby utterly
repudiated.'
have oudg comp aimed but facts develop, they
hastily getting awav from jheir associations and viii
cultivate patience until the water controlled aud then
Inc bonanza, II tIeIe br one. Will be known.
San Francisco, Dec. p. 1880