Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1883-11-21
EUREKA CON.
The President Of the Board
Interviewed.

DIR. J.. q. Mckenzie Talks Freely
and sharply The LOGAN shaft
Machinery Enormously Expen.
siy and u Dead F~atIure-It will
be X. placed-A General Looping
OR-The CoaI TrOuble-Mr. o
nelly aud she Dump.
A SENTINEL reporter called upon DR.. j.
@. Mckenzie, President Of the Eureka
Consolidated Mining Company, last even
ing in the parlors Of the Jackson House.
and was very kindly received. The Doctor
is a gentleman of distinguished personal
appearance, and reminds one Of an en-
inent philosopher and fellow countryman
of his, DIR. McCosh, President Of the Col
lese Of New Jersey. The Doctor is q
highly educated man, and holds two
degrees from Scotch universities. which
are unquestioned guarantees Of scholarship
the world over. His profession is that Of
medicine, but he retired from the practice
some time sgo, and has been devoting his
attention chiefly to mining in America for
the last 81 years. Our reporter found the
Doctor to be very affable and q delightful
conversstionaiist. He analyses his subject
perfectly and talks it off rapidly, sharply,
clearly and completely. He expressed
himself gratifed by the visit Of the SESTI-
NEL's reporter, and said he would give him
any information at his command, except
certain matters which, for the sake Of
good business policy, he thought it best to
communicate first to his associate mem
bers Of the Board OF Trustees. He said he
has nothing to conceal as regards the man
agement Of the company's affairs. He
wants every transaction open to the
world. He said he was largely interested
in the matter, holding in his own family
5000 shares Of the Eureka Con. stock. He
felt that there was serious need of o change
in the conduct Of affairs, and he came to
San Francisco several weeks before the last
annual election, and went to work with all
his strength to overthrow the California
management. He labored with all his
strength until the very hour of his cleo
ton. On the morning Of the election he
found that, though he had managed to
have in hand 5000 shares out OF $4,000,
| the old Board had been able to get only
| some 5000 shares to vote, after laboring
| hard with that end in view for six months.
The election had resulted in deposing all
| the old members but one, a representative
whom the California law guarantees to the
minority Of stockholders.
H PRUNING KNIFE.
As soon az the new Board took hold he
busted himself first in looking into the
management Of the company's affairs in
San Francisco. His first step was to go to
the Selby works, where the Eureka Con.
bullion is refined, and secure q reduction
in the expense there Of q little more than
6 per cent on the previous cost Of refining.
Next, he secured q very material reduc-
ton on overdraughts in San Francisco
from 8 to 7 per cent-by changing to the
Nevada Bank from the Bank Of California.
Having lone what else he could in the
way Of retrenchment in the City, he came
up here to thoroughly scrutinize the man
agement Of the company's affairs in
Eureka.
Jumbo" DEFUNcT.
His first inquiry was with regard to the
machinery at the LOGAN shaft. For in
formation in this direction he had
observed himself, but had relied mainly
upon the judgment Of Mr.. Eckert, q very
skilful mechanical engineer. He finds
that the present machinery is entirely in
adequate to do the required work. 1t is
moreover dangerous, and keeps all those
in trepidation who have to be employed
about it. The big engine, to which we
have given the significant name Jumbo
will have to be removed. The present
machinery has the power to raise only
about 500 gallons Of water per minute, and
that will not do. At least three times that
quantity of water must be raised. He
says the machinery now in place at the
LOGAN shaft has cost immensely-some
$500, 900, including everything. He knows
that he could nave bought and put in posi-
ton for $50, 900 a plant that would have
answered every purpose and handled all
the water encountered without difficulty.
With the $3.50 900 in the treasury when
the construction of the LOGAN shaft works
was started all the expenses could have
been met and dividends paid right along
ever since. As to the details with regard
to the machinery which will be put in to
replace Jumbo" the Doctor said that
would be determined by the Board of
Trustees acting upon the report Of Mr..
Eckert.
MORE n BIGGER PRUNINas.
The Doctor said: 1.-THE coal contract
was a great trouble to me. You know Mr..
Sadler is q strong business man and a per-
son of marvellous push. But l had to
meet him as he came, you know"
well, Doctor" said quid nunc, "what
was the result? 2" He felt a good deal
like saying: Did you get away with the
boss 2" But that would have offended the
Doctors ear so sensitive to the proprieties
of our English, and he didn't do it.
EDITOR.
The Doctor: ''The contract Is abrogat-
ed. Just think, the contract made last
July for a year was that Mr.. Sadler should
furnish 100, 900 bushels of charcoal per
month at 2S cents per bushel. What do
you think Of this. when only about 10000
bushels are consumed in the furnaces. and
when coal can be had readily in the mar
ket for "a cents made q new contract