Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1889-11-02
THE GREAT HINDRANcE 10 THE
SALE OF MINIS.

In our advocacy of Statehood Tor
Idaho We have frequently called Al.
tention To the great advantage W.
should secure in Statehood by thu.
escaping from the restraints Of the
Alien Non. Investment Law. In this
one grand relief OF cur mining in
,eres,s there is abundant reason why
every voter Of the Territory should he
for a State. The Territory j. full 81
instances where promising mining
properties are lying idle to-day, that
would he in active operation were I,
not for the restraints Of this law. II
is hut the other day we met with an
English gentleman, mining en-
gineer. who told us that u year or a
tile more age, learning ni a pronsis
ing mine in Al,uras county, he PRO
eeeded Ca examine the same, WIS sat
isfied with The prospect, and with the
price asked, though i was well mp ~
the figures. He hid been hnt short
time i'm the country and had heard
nothing of this Alien Nnnlnvesimenf
| Law: 80 he wru.c 20 substantial firm
81 his friends in London. giving them
| facts and figures IN regard ~ the Al.
iuras mine They wrote back
make the pnrshnse MONEY sublec;
/ 10 your order Whrn he went Ia a
lawyer to look up title aud prepare
papers. he learned for The FIRST time ~
this restraining law. and 30 the trad
fell through-and fer that reason
only.
when We asked the gentleman II HI
thought, il Idaho should become 1
State that that trade might he re-
vived9 He said he had M doubt q
il, il the property was %till for sale
and that the purchasers would at ono
work il to it, full value.
We have lurf opened the copy re-
ceived this evening 81 The Idaho Cit,
World, in which we find nm interest
ing commitment IN behalf vi State
hood, in which this correspondent
gives the particulars Of a similar fail
IRE nf the sale Of a mine in Bnis
county. Below we give the facts n
: set forth nv this correspondent of tn
World, and would especially call tn
attention Of all interested in the ad
! vancement of Idaho's mining interest
to these facts:
IL will cite one instance where
large sum Of money WIS kept from he
ing invested IN Idaho, wherein II sh
had been State the purchase woul
. have been made and il larger force {
, men would now he working on til
property than Is employed by TIA
present owners. A deed for I'll
property. which is located Mt Quart
burg. Boise county, Idaho. WIS draw
a. Boise Civ hy Attorney Gcner;
johnson. aud signed by David CouI III
nour, Thos. Mootry and VIM.
Coughanour, and placed in the hand
: of John Huntoon 81 the First Nations
f, Bank nf Idaho, and on the paymer
Of 5000. 900 the deed of the prnpert
: was 10 be delivered to the purchasin
parties. On receipt of Mr.. Huntoon
cable at Paus, the French syndicai
wired money deposited. Explai
!. by letter" Twenty days after this "
e received a letter stating that they ha
: placed 5000, 900 in bsnk subject to y
call OF the First National Bank
Idaho, at Boise City, and requested I
to place the patent OF the America
9 government to the land on which q
the mines, mill, hoisting works NJ
= other improvements. in the bank vii
= the deed that Mr.. Huntoon would d
liver deed, patent and possession OF u
Gold Hill property on receipt OF pa
ment, in full. of $500 600 The Go
! Hill men, not having patent for q
c property, aud no title but the rig
Of possession, the sale WIS at stan
still. The gentlemen who were wor
9 ing the sale saw VIM. A. coughanor
one OF the owners of the property. an
: explained the situation to him. !
gave his verbal guarantee that
Y would see that patent title was 8
v cured for the property. This We
' once explained hv letter To- the parti
in France. They we're satisfied wi
the agreement and came la New Yoi
: City, on their way Ia Boise City
I, pay for the property aud take pa
q session Of the same They told u
= attorney OF the French hank in Ne
York the conditions Of sale I'll
v bank attorney stated to the Freni
n syndicate that every part of their hu
. ness was correct and the investment
a safe one, but the one point OF ehle
2 ton was that Idaho IN which q
- property il located, was Territor
and they, n Foreigners, were not ~
l. tected in their Investments under II
r ritorial law. but if Idaho WAS govern
Ie by State law the investment wou
10 be safe, as States make their ns
n laws and protect the owners of pro
erty therein. We give this long ,
PLANTATION Ia show To every citizen
N Idaho that this important sale Won
Y. have been made under State laws
lr Idaho, but as a Territory it was a II
le ure. This experience cost ms mu
m time and money. and we know wi
we state.--Boise Statesman.