The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1883-06-08

in the press to the effect that somebody was
behind their backs. The board hal been at
tackled, and indeed seriously fbelled, in the
press; but he believed that i'll the long run
they would regret the remarks that had been
made. 1t had been stated, among other
things, that there was dark horse In the
ckground-somebody well known In the
City of London behind them, who had had
to do with this concern.
A Shareholder-AlbertG Grant. Laug hter
The chairman continued that all he could
saw was that there was nothing OF the Kind
[Applause.l He heard areport OF this before
he Joined the company, AMI he sent tele'
gram to the lawyer asking whether this re-
port was correct; If so that they should take
his name off the prospectus. He received an
answer back to the effect that there was not
a word of truth in it. tApplause. He had
gone through every name from Thomas
Cruise down to his own, and he had found
nothing which did not tend to show that IL
was perfectly clear business.
A Shareholder asked what association 1t
was that bought the mine from Thomas
Cruise.
The Chairman said they got the mine from
a sort of syndicate, and they acquired it
from two or three gentlemen who had the
name of the Mercantile Association. Those
were the two agencies through which this
property came from Thomas Cruise to them.
He could assure the shareholders there was
no single person connected with it whom
msaiarv hs,w the or,g;nal discovsrer and
themseivss IAnnlanse1 They had been
asked why they did not 60 to the Stock Ex-
change for a settlement and quotation.
that thew had done so. but IL was an errone-
ous renort II was the desire of the hoard
not to ask for settlement until they could
also ask for quotation. To obtain quota
ton it was necessary that two-thirds of the
shares should have been subscribed for, and
a.
number. Indeed. he believed il was only
n question of honrs when they wouId have
more than the reouis;te nnmber of shares
taken and then thev copld 90 In the stock
Exchange and ask for both n settIement and
n ouotation They had tn nav Mr.. Cruse
three heavv amounts of which two hal al
ready been maid, and the third would be nav
able on the 11th of lime They had Maid the
yendors-the Joint Stock Association-one-
half the amount owing, and with respect to
the remainder ARRANGEMENTS had been made
nv which thew suspended anv claims with
the comnanv until thev had the capitaI
necessarv for the Installation of the sta,nns
and machinery for working the mine. An
nIanse He believed thai before another
mponth had eIansed the Shareholders would
find that arranpements had been made for
carving ont the INSTALLATION of the macbin
erv and stamns on the scale that WA, ori0.
inallv intended A TELEGRAM had heen re-
ceived that dav from Mr., Atwood In the ef-
feet that fifty ions of unsolicited or. from
the lower levels Welded S74 per ton of 20ml
hounds: bnllion. 81 600 for yari.d to Mathr.
SON e 90: mine is improving in derth. and
the tunnel il driven SO feet: ali going very
we'll. IApplauseI This had Guite .uTnrisrd
him. as he had Anticipated about seven or
eigbt nonnds of bullion To the ton while
this unsolicited ore gave f15 s. Al. Already
therefore, between eight and nine hundred
pounds of bullion was on its wav TO Messrs.
Matbeson e. Co, the average of eight or
or mir DAYS working with the present mis-
erable stamns. Mr.. Atwood wonld of c,nrse
he sorrv if he were TO bIazon his teIegrams
as a very great triumph. and he tthe Chair
man, believed this was an bonest result. and
that II showed that the mine was imnrovinq
in deptb. He hoped the Shareholders wouli
be satisfied with The results which had benn
abtained. and he could assure them thai
there was never n more hiph-mind.I hnJv
If gentlemen on hoard tban thosa viz
,vbcm be had the honor of haing .sSoc;at.I
Ambulance He believed the mipe tLev had
aan,bpri1 al IN ,as an exc.ntionai "ns """
Me- P;Tlev remarked that he had maid =
visit m the mine last antumn' and he fonnI
M DorI;ngtnn m he a most voipahla and
scient;an sxnart He rayiaweJ ,hn nina
tborounblv and took borinps and RI. strtf.
had NOT hssn toncbed mill it GOT 10 Jnhnson