Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1883-11-02

Somsthfng About she Character Of
the New Management.

Something About b Character q
~ New Management.
A SENTINEL reporter called on Supt. 7.
J. Read yesterday afternoon TO get from
him such information with regard to the
future Of the Eureka Con. under the man
agement Of the Board Of Trustees recently
elected as will be Of interest to our people
and the mining public generally.
Roporter-Mr. Read, certain reports are
circulating in Eureka which / desire TO
ask you about. We hear among other
things that the new Board Of Eureka Con.
Trustees are q lot of close-isted fellows,
who are going TO chop down the salaries of
all their employees, aud, if they can, the
wages of the miners. Is this true?
Mr.. Read-This il not true in any sense.
The new trustees are DR.. Mckenzie and
his son of New York, Judge Heyden-
feldt Of the old Board, Mr.. Simpkins
and Capt. Knowles. The three last men,
toned, except Judge Heydenfeldt, though
California men are elected by the stock
holders of the East. Although this 10 the
case I believe that the Board, as they
claim, will act in the interest OF all share
holders and not in the interest Of any few.
They are strict business men and they pro.
pose to conduct the company's affairs on
strict business principles. They will not
squander q dollar. While this is the case,
however, they have so far shown no dis
position to be mean or ~parsimonious.
They have, as you are already aware, taken
certain steps in the way Of retrenchment
for which they will be commended rather
than blamed by those whose interests they
represent. They intend to be economical
in the mGnagement ef the company'g bust
ness, ~ they are in their own, but they
will not hesitate to spend Whatever money
is necessary to develop the property, and
they will do SO literally.
Reporter-How about the report here
that the new Board intend to propose to
the Miners Union to pay their miners
So so q day, and If that reduction is not
accepted they will close down the mine and
the furnaces; in other words, that they
will make their own prices and regulations
without regard to the Union2
Mr.. Read know that they entertain no
such idea.
Reporter-Is there any fear that the
furnaces will be closed down?
Mr.. Read-None whatever. They will
continue to reduce Eureka Con. ore and
custom ores just rs before.
Reporter-How about the resumption Of
work In the new shaft?
Mr.. Read-The Board will visit Eureka
about the middle Of this month whom that
matter and others will be discussed by
them here. 1t is their intention to re-
sume work on the new shaft % soon ~
additional machinery to cope with the in
creased supply of water encountered after
striking the ledge, can be put into position,
Reporter-What opinion do the present
Board seem to have Of the Eureka Con,
property
Mr.. Read-They have a very high opin-
ion of the property, judging by what il
has produced in times gone by and by what
it is doing now
Reporter-What do they think Of the
prospect in the new shaft?
Mr.. Read-From what they have heard
OF developments in the lower levels OF the
old mine and indications in the drift from
the bottom OF the new shaft they believe
that all expenses necessary to carry ou'
the explorations undertaken in it should
be incurred. / am satisfied they will pusf
this work OF development vigorously anG
without delay after they have looked intt
the situation here personally.