The Mineral argus., 1884-05-08
Maiden Reduction Co."
That IS the Name Of Stock Company Organized
by msidenites.
For The Purpose of Building and Operating Re-
duCtiOn Works.
Incorporated Stock Co.. Capital $4,000.

At last the citizens of Maiden and
vicinity have awaken to the fact that
to interest outsiders in our camp, they
must show confidence in it themselves,
both by cash investments and the
building and operating of reduction
works.
Ever since paying quartz mines have
been found here, the entire COM
munity, as with one accord, have been
waiting for capital to come in and re-
duce it, and waited in vain.
A call for public meeting to ascer-
tain the feasibility of organizing
home stock company resulted in
large turnout. The meeting was called
to order by W. P. Brainerd, who, on
motion was made permanent chair
man and A. M. Thompson secretary.
After thorough discussion a com
mlttee Of five citizens was appointed
to make all necessary arrangements for
the organization of 4 stock company.
as well as to ascertain all information
necessary to the intelligent action Of
the meeting. Committee: w. Dun
ton, H. w. Higley J. Z. Davis, J. ]. |
Campbell, l.. Belanger. This com
mittee was instructed to report at
meeting to be held on Monday, May
5th, after which the meeting adjourned
to that date.
Monday evening quite a number of
our citizens met ut Gardner's Hall, and
the committee on organization reported
what they had accomplished, as well
as a certificate of incorporation and set
of bylaws, subject to the approval of
the stockholders. A list for subscrip-
ton to stock was thon offered to the
meeting, and in few minutes 2OG
shares, the value Of which were placed |
at $500 each by certificate of incorpo-
ration, were taken. The capital stock
as determined upon by the certificate
Of incorporation was placed at $4,000, |
divided into 200 shares.
The stockholders then proceeded to
the election Of set of seven trustees
to hold office until the first annual
to be held August 10th, 1884,
resulting in the following: w. P. Brain
erd, J. i. Davis, 4. NJ. Thompson. C.
W. Gardner, }. j. Campbell, ii. W.
Higley and c. Boissonneault On mo-
ton the trustees were instructed to
meet Tuesday morning and decide
when to begin operation, the ma
chinery to be used, cost of labor and
what per cent would be nee
essary to levy on stockholders to begin
with, and such other business rs may
come before them.
On motion the bylaws and certifi-
cate of stock as presented by the
were adopted.
The following officers were elected to
hold office until August 10th, 1884:
c. w. GARDNER, President.
J. f. DAVIS, Vice-President.
\. NJ. THOMSON, Secretary.
II. w. HIGLEY, Treasurer.
The meeting then adjourned.
MEETING OF TRUSTEES.
As instructed by the stock subscrib- +,
rs, the trustees met on Tuesday at 10 !
!. NJ, in Gardner's Hall, and trans +
cted the following business: {
On motion. Mr.. c. S. Fell was re-
uested to take seat in the hall to
eport the action Of the trustees, for
After due discussion, to guard against !
ny one stockholder controlling a ma l
ority of the stock, and as the trustees
eemed it advisable to purchase Of Mr.. v
. Z. Davis, stockholder, such prop t
rty rs he has on the sight Of the
roposed reduction works, rs Is Of value i
, the company, on motion 1t was c
asolyed that the company purchase
nd property at the price set by an c
ppraising committee, 1867 90, and in t
ayment therefor the company issue Q
, Mr.. Davis thiry-fye shares, at their
zee value and the balance due him be o
aid in cash out OF the first profits Of d
be business; providing, should the Z