The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-03-04
THE GUNSIGHT MINE.
Trouble Among the People Investing I'm 1t
Serious Charges.

NEVADA, No., Feb. 2S.-For the psst three
months Southwest Missouri has been agitated
over large transactions in mining stocks. A deed
has Just been placed on record here around which
centers considerable interest. Some months ago
syndicate was formed at Carthage which sent COM
mittee to New Mexico and Arizona TO make invest
ments in mining stocks. The committee went to
Pima County, A. T., and purchased the Gunsight
Mine, owned in part by DR.. r. Hilton Chase, for
which they paid $50, ,000 end agreed to assume GER
tain debts resting against the mine. The pur-
ehssers orSanized under the name OF the Car; ar
shares with'a ACE value OF $40 each Dr. Chase re-
ceived in payment Tor the mine real estate In and
aroun9 20 sp Nalueo al so1uOO SoooV IA GaSa
loaned the company S6, 500 in cash, for which ne
secured lien On the mine. In the meantime
Charles N. Barry, an extensive Vernon county
and was elected superintendent and sent out 70
look after the work. Mr. Barry took with him
$4,000, which he had secured for the company on
note given by himself, Endorsed by NJ. 5 Tower
and Robert Moore, OF Carthage. This money was
applied 10 the payment OF claims against the mine.
While Barry was looking after the mine Dr..
Chase wss at Carthage. and when Barry re-
turned home DR.. Chas was i'll this city.
Mr. Parry was pleased with the prospects OF the
Cur SIGHT, an purchased $40 600 additional shares
from Or. Chase, agreeing to give him in payment
oefher win ali of his personal pronerfv valued ar
about S5 0o0. A deed was made to 760 acres OF the
land but before the personal property was trans
JeIIeQ 6dIIy CDduBeu MS lulIO duu III ODdSe
failed 20 receive any part of it. About
six weeks ago Mr.. Barry left this country
and no one seems to know where he has
been keeping himself During that time
the only information received of him was through
letter written by him to one of our city papers,
saying he had made the discovery that the Gun
sight mine was utterly valueless, and that DR..
Chase fraud. Mr.. Barry's attorneys then in
stituted suit 10 set aside the deed on the ground
OF fraud. Shortly afterward DR.. Chase commenced
negotiating with various parties for the sale OF the
farm. he at first offered it for 81 600, and finally
sold il to Robert Irons, of this city, for S. 000
1t is thought that Mr. Irons made the
purchase TO protect Mr.. Barry. DR.. Chase
continues to assert that the Gunsight mine
is all that it has been represented, and
that Mr.. Barry's course has been taken for the
purpose of depreciating the stock, with view of
buying it. he declares that Mr. Barry remains
away from this city because he fears visit from
the sheriff OF Pima County, Arizona, for having
as he alleges, while there, paid the miners in
worthless checks and obtained goods upon mis-
representations Parties at Sedalia have invested
about s20,0C0,' or more, in the Gunseht Mine.
There are many holders of the stock at Carthage,
Moll.fose and other towns in Southwest Missouri
The agents of the company have been active, and
have sold large part of the stock.