Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-09-11
sADLER THE COAL KING.
4 New York Mining Paper Sails
Into Him.


The following letter is published in the
last number OF the New York Mining Rec
ord. We reproduce it at the request Of
the Record with a view to offering q word
or two in explanation:
EUREKA New, Aug. %, 1881.
EDITOR OF THE MINING RECORD: About
a week ago the local paper Of this place
published an extract from your paper con-
corning the management Of the Eureka
Con. That the control was being held by
Eastern stockholders, that applications
we're being made for proxies for the COM
ing election 4 Now, while the
local management Is and has been for the
past six years under the superintendency
Of MIR. Donnelly and Mr.. Read, all that
any st%ockholder could wish or desire,
there IL one leakage in the expenditures
that amounts to a considerable sum, and
il is rumored caused the resignation OF
Mr.. Donnelly. 1t is this:
A year ago charcoal was worth % cents
per bushel. The company were getting all
they wanted at this price. One party. Il.
Sadler d Co., had the contract. That
party was getting short OF coal. and al
though other coal was offered to the COM
pany by other parties at these figures a
new cOuLIHct WAS IudQt by tdo 40
San Francisco with this same firm OF II.
Sadler L. Co. for 2s cents.
When during last Winter the roads.got
In rough condition and R. Sadler had ex-
hausted all OF the company's reserve, about
95, 900 bushels, and when all the coal the
| company needed was offered at the price as
1t was then, to wit: twenty-eight cents
that same party secured another contract
at thirty cents per bushel in the face OF the
following circumstances: March 20,
when Spring was at hand and the roads
| getting in good condition, with all the coal
offered them at t~wenty-eight cents, and
| with every prospect of being able to get
| coal In @ short time at twenty-five or TWEEN
ty-six cents, which proved itself 80 because
| Sadler 4 90. bought coal In April for TWEEN
ty-ive cents and were getting thirty cents,
| al least tho company paid thirty cents.
For the truth OF this ! will refer You to
p. N. Hansen. the heaviest coal producer
In Eureka, who offered the company coal
AZ TWENTY-FIVE cents when they were paying
| twenty. eight, and at tw~enty-eight when
they were paying thirty cents and who had
agreed to give 50, 500 for $1,000 bushels
per month on the new thirty cent contract
II he had got the contract from the COM
pany direct, but as q sub-contract from
Sadier & Co. would have nothing to do
with 1t.
MY reference is P. N. Hanson who is
manufacturing coal in every direction
from Eureka, who 10 also carrying on the
merchandising business at Pine Station and
Eureka end IL the heaviest coal producer In
the camp. Iii IN open secret here. al
though the SENTINEL seemed TO overlook
ri. OBSERVER
A very brief reply TO the above Is all that
Is necessary. The contract at ~ cents
bushel was a losing business. 1t was the
result Of unusual competition at q time
when the woods were full Of coal. The
J fair market rate 10 80 cents q bushel. The
Richmond and the other companies here
are paying 80 cents. II Mr.. sadler gets
even on what he lost last Winter he will be
doing pretty well. His present contract
runs into May next. He has the privilege
of putting in 100, 900 bushels per month
The company is not paying more for its
coal than II should, no matter who fur
nishes IL.