Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1889-02-23

1T Is LIKELY TO BE INVOLVED IN
LITIGATION.


Ousted-What He Hoped to Accom-.
plish-He Intended to Begin Pay ING
Dividends-Etc.
l.. c. Bailey, halloween and ex.
Superintendent of the Champlain
Gold Mining and Milling Company,
of Milwaukee, Wisconsin, who came
in from the East last Wednesday, re.
turned to Milwaukee yesterday. He
goes there to endeavor to bring his
company to terms. If he fails to do
this by amicable advances he will
bring suit both in Milwaukee and
this city.
The trouble, Mr.. Bailey claims, orr.
CLIMATES in the management of the
company, which seems to aim to
"freeze" him out OF the excellent
property on the Gold Belt which he
discovered and opened up. The
property consists OF three claims
which he located four or five years
ago. After doing what work he
could on the claims with his limited
means, he went east, Two years ago,
and organized the Champlain Com,
pauy in Milwaukee, with a capital of
100000, divided into shares of 81
each. He put in the claims for his
half OF the capital stock, and Messrs.
1versen, Todel and others put in $780,
900 in cash for working capital, as
their proportion. Mr.. Bradley then
returned to HALEY and for two years
made "a hand" at the pick and drill
and worked faithfully to put the
property on paying basis. Last
summer he purchased and erected a
mill having daily capacity of 20
tons, and experimental with it until
he demonstrated that he had not only
made the property self-sustaining,
but that he could soon pay good divi-
dends besides.
1t was the last of December by
that time, and as he could not work
to advantage during the winter, he
paid off all claims against the COM
pany, shut up the mill, left only a
couple of men at work in the mine,
and went East to consult with the
Board upon future plan of opera
tons. The working capital being
exhausted Mr.. Bailey did not care
to run during uncertain weather, and
preferred to wait until spring before
continuing operations. The Direc-
tors, on the other hand, wanted to
keep the mill running and the force
at work on the mines increased.
Date after date was set for meeting,
but no quorum would be present.
Finally, after over a month of daily
ing, during which all sorts of PROPOSE
lions were made to him, Mr.. Bailey
was informed that a new manager
had been appointed, a mortgage plac
ed on the property, and that the
mortgage was about to be forclosed!
Securing an attorney he fastened to
Haley by emigrant train. Atan eat
ing station this side of Omaha he met
a man whom he had seen in Milwau
kee, and guessed that he was the new
superintendent. Inquiry justified his
surmises, as it was Mr.. Knight, the
new superintendent. Mr.. Bailey says
that it riled him to see the man who
was coming to take his property away
from him riding in palace cars while
he had to be content with emigrant
accommodations; but he said nothing
until the two met again on the plat
form 1T Shoshone, when he made him.
self known to Mr.. Knight, and told
him that he was not going to give up
the mine or mill. Mr.. Knight came
on to HALEY, and appealed to the
Sheriff to put him in charge, and
Deputy Sheriff McPhee went out
with him Thursday, and he took pos.
session, against Mr.. Bailey's protest.
The latter then left for Milwaukee by
the mex, train.
The Champlain mining property,
Mr.. Bailey says, can be started up a,
any time and begin paying regular
dividends from the start. The mill
is entirely new, of 20 tons daily cap
acity, and the ore in sight can keep
the mill in continuous operation for