Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1890-03-29

APRONOUNCED CASE OFsQUEAL.
Alvinza Hayward, W. s. Hobart and
some other San Francisco and English
~millionaires in November last purchased
a silver mine in Mexico for seven hun
dred thousand dollars. They paid about
one-third Of the purchase money down
and rave notes secured by mortgage Tor
the rest. Before consummating the
purchase they sent Dan Gillett and
other experts Of their own choosing, and
in whom they had confidence, to exam
inc and report upon the property. The
reports were favorable and the purchase
was made. But now comes the interest
ing part Of the story. The mine lacked
bottom and the ore did not 60 down as
il was believed it would. The ore
also changed from high TO low grade.
The notes and mortgages falling due the
purchasers are beginning to squeal about
their poor bargain and to escape further
payment they. claim that the Mexican
vendors "salted the mine on them.
Suit has been brought to cancel the
notes and recover back the money al
ready paid. John CARRIER, Judge Boslt
and Tom Bishop have been retained by
the guileless purchasers to make the
fight in the courts. The Mexicans will,
of course, respond through some heavy
legal firm in due time. The fight prom
Uses to be an interesting one, and will be
watched closely by mining men all over
the Coast. 1t will bring out all OF the
old ways that are dark and tricks that
are vain. On the cold law, the Mexi-
cans have the best Of il. The Courts
have held again and again that where a
purchaser has sent his own agent 10 in
spect q piece of property, and buys II
on his representation, that the seller IL
thus relieved Of all responsibility in the
premises; that is to say, the case is be-
reft of the element Of misrepresentation
or Of obtaining money under false pre-
lenses, by the vendor. OF course fraut
v~itiates every contract. II it can b'
proven that the mine was " sailed and
that the agent Of Messrs. Hobart and
Hayward was imposed upon and de
csived, these facts will materially alter
the status of the case. But the theory
generally accepted in mining circles il
that the mine has not PANIED out as
well as the purchasers hoped it would
and as o consequence they are trying tc
slip out Of paying for il. II this should
turn ont TO be the real state OF the case
the purchasers will be entitled TO nc
sympathy from any one. Hayward and
Hobart have held up" too many men
in mining deals in their time to begin to
squeal at this late day. In their mill
ing proposition Of the ores Of the
Cbollar and Potosi on the Comstock they
manage to absorb about everything il
sight. including regular assessments from
dishwashers and chambermaids. Other
crowds and syndicatss on the Comstook
have also been doing the same thing fol
years. No outside shareholder is evel
permitted to realize even the shadow Of
q ten cent piece. But aside from these
questionable methods Of acquiring wealth,
there is another very good reason why
the Comstock magnates should be over
taken with loss and disaster. Making
all of their money in this State, not one
Of them ever spends q dime TO develop
its dormant resources. The million,
taken out in Nevada gravitases to San
Francisco or Europe and II any part Of
ii is ever again put back into mines II
goes to Mexico or Central America or
ome other foreign part. And still the
very best and most extensive undevel-
oped mineral region in the world 10 stu
atsd in the eastern half Of the State Of
Nevada. San Francisco has been built
up with the product OF Nevada mines.
There is hardly q great fortune in that
city that was not acquired in this way;
and still as strange as ii may appear San
Francisco is to-day the poorest market
in America for Nevada mines and mining
property. With . few very rare excep.
tions there are no rich men in San Fran.
cisco who will devote as much as three
minutes Of "talk" to the subject Of
probable investment In q mine in East.
ern Nevada. They viii hardly give the
prospector an opportunity to tell them
what he has. It therefore serves them
right to get "cinched when they 60
abroad with their capital.