The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-03-02
THE GUNSIGBT MINE.
Trouble mopg Ihe People Investing I'm 1t
SERIOUS Charges.

NEVADA, No. Feb 2s.-For the past three
months Southwest Missouri has been agitated
over large transactions IN mining stocks. deed
has lust been placed on record here around which
centers considerable interest. Some months ago
syndicate was formed at Carthage which sent com
mittte 10 New Mexico and Arizona to make invest
ments in mining stocks. The committee went to
Pima County, A. L and purchased the 6unsight
Mine. owned in part by DR.. K. Hilton Chase, for
which they paid $50 COO. and agreed TO assume GER
tain debts resting against the mine. The pur-
ehasers organized under the name of the Car
image silver Mining Company and issued 500, 900
shares with lace value OF $50 each Dr. Chase re-
ceived IN payment Tor the mine real estate IN and
around Carthage valued at $4,000, s. 500 in cash
and 81 500 in shares OF stock. DR.. Chase then
loaned the company S. 500 in cash for which ne
secured lien the mine. In the meantime
Charles NJ. Barry an extensive Vernon County
farmer. invested s. 500 in the compsny's stock
and was elected Superintendent and sent out to
look after the work. Mr.. Barry took with him
SD CO. which be had secured for the company on
note given by himself, Endorsed by NJ. S. Tower
applied TO the payment of claims against the mine
While Barry looking after the mine Dr.
Chste was at Carthage and when Barry re
Mr.. Barry was pleased with the prospects OF the
Gunsieht, and purchased $4,000 additional shares
from DR.. Chase, agreeing to give him In payment
mis- fire farm a Vernon County of $50 acres, to-
gether with OF mis- personal property, valued at
| about S5,0o0 deed was made to go acres OF the
land, but before the personal property was trans
| ferred Mr.. Bany changed his mind and Dr., Chase
failed 90 receive any part OF it. About
and no one seems to know where ne 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 valueess, and that DR..
l-hase q fraud. Mr.. 3arry's attorneys then in
stitu1ed suit TO set aside the deed on the ground
I of fraud. Shortly aiterward DR.. Chase commenced
negotiating with various parties for the sale OF the
farm. He at first offered il for 81 600 and finally
sold IL to Robert Irons, OF this city, for s. 900.
! II is thought that Mr.. Irons made the
| purchase TO protect Mr.. Barry. DR.. Chase
continues to assert that the Gunsight miae
| is al that ii has been represented, and
that lir. Barry's course has been taken for the
purpose OF depreciating ;he stock with view Of
| buying il. 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 IL
worthless checks and obtained goods upon mis-
reDreseD tatons Parties at Sedaia have invested
about 200C0,, or more. in the Gunsight Mine
There are many holders of the stock at Carthage
Montrose and other towns In Southwest Missouri
The agents OF the company have been active, anC
have sold large part OF the stock.