The Mineral argus., 1884-06-26
TaE MkLggM REpUcrIov COMPANY.

Believing that a published statement
of the condition OF this company viii
prove Of general interest, in fact. is.
desired by every stakeholder, an
ARGUS representative called upon the
Treasurer II. W. Higley, to ascertain
the financial standing Of the company,
with the following result
Receipts
Collected On LIST and ID assessments
on gig hares.".~- So
DI5pUEsEMEETs.
First payment on smel,er. ..... 6 900 90
G~raycliag and incidental q Expenses .......- 145 co
Total -...,"- ..-.sl,1 i6 02
Balance in treasury .....".-"..--..~-.. eQl 90
AyAIsABLz FUNDS
Due on let and Cd assessmen ..--..S ICES e7
FINAL 20 per cent assessment on 69 shaTcs- G29 CO
Total. ...........-.. 81, 0g7 ca
Grand Total cash on hand and available
funds --~-......-....... .---....... --- 999 90
AS shown Geo shares have been sub
scribed for and So per cent. paid in
excepting a few on Ist and several on
The second, which, when Daid. vii,
add $468.67 to amount on hand, max
ing a total from Ist and I'd assessments
Of $I,37o.oo. This with the final 20
per cent. levied on shares sold to date
viii place in the treasury S1,oo9.oo.
The machinery decided upon blythe
company, a Io-ton water jacket smelter,
costs at tae factory $500, on which
as above shown, $1,000 has been adj
vanced, leaving 81, 100 due when the
smelter IS completed and ready for
shipment BY q letter from the manu-.
f@acturers we learn that the smelter will
be ready to ship by July I'd, when the.
balance becomes due and payable be-
fore it leaves Chicago.
At this time the company has on.
hand 5qoI,33 to meet this payment Of
$4,000, ana witch all stock taken fully
paid (8I,99g.3o) will still lack $1o1.oo
Of the purchasing price Of smclter.
Approximated, the freight from St.
Panl 20 the railroad shipping point at
half rates, win anountt0 about $4,000,
AND from that point to Maiden rs
much more, though from the railroad
here the company will need but little.
cash. Thus it IL plain that with stock
sold paid IN full, ii is absolutely neces-
sary to sell, at the very lowest estimate,
200 shares more to meet cash expend
lures necessary 10 lay the smel5er
down on the proposed site
From this statement. stockholders
can readily see the necessity of meet
ing the assessments when levied, and it.
is hoped delinquents win remit at once.
that there need be no delay.
Originally, 1900 shares were placed
on the market, Of which 1871 remains
untaken. OF this number ii Is ALSO
lutely necessary to dispose of 200 more
and rs many others as possible, 10 leave
some little ready cash for incidental
expenses.
There are q large number of stock
and ranchmen within 2 radius of "a few
miles Of mere, who by the prosperity Of
Maiden will be materially benefited. by
furnishing them with a market for veg
etables, farm produce, etc. n number
OF these people nayo taken hold of this
movement in q substantial manner.
and heartily desire It's success. Others,
though anxious TO witness The consuma-I
ton and success of the enterprise. SEEM
to stand aloof from investing now,
though expressing their intention to do
SO as soon as the enterprise Is il full
blast. This talk is encouraging but it
VIII not butter parsnlps." The com
pany wants and must have, the money!
now, and every resident Of Maiden or
surrounding tributary country. or sec
ton Of country, that this may be
tributary 70, shouldtake hold oil
this matter Immediately The e1cc-
ess Of tle smeiter is as sure as
life. The experiment curing tao past
month with the Mexican Arrattea Ia
report Of which viii be- found in ayotho~t