Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1892-11-18
QUITE A LIVGLY MEETING.
stock Holders n the EDise County
Mining Co. are EarErst and
ArGumentatfve.

I
Mining Co. are Earnest and
ArGumentatfve
A meeting Of tie Eoise County
Mining Co., Limited, was held il the
court house last Tuesday evening. II
was the most exciting meeting yet
held. The question Of selling more
stock to resume work this winter WAS |
discussed, and the decision Of the
stockholders finally was that the Di-
rectors be given authority to sell not
more than 10000 shares Of stock for
working capital. BY unanimous vote
the shares were increased from Co.
600 to 100000.
/ A vote was made to double the
number Of shares OF those who paid
so cents per share. This brought
4 forth a warm and exciting discussion.
The situation was this: The organ
izers paid rs cents each for shares.
They secured deed from the Bed
rock Flume company for six claims
Of twenty acres each and afterwards
located three other claims. Those
who staked off their claims gave their
services without pay and Others did
j work also for which no charges were
| made. In consideration of this and
| the fact Of three claims being turned
into the company by the original
locators, the majority at that time
contended that stock sold after that
ought to be fixed at SO cents per
/ share. This was done and subscrip-
, tion paper circulated in Banner.
Considerable money was raised there,
but it seems the Bannerites did not
, thoroughly understand the situation
of affairs. Other shares we're after
. wards sold here, the organizers also
paving SO cents per share. Expenses
of organization, recording OF the
three extra claims, deed, etc., were
, paid out of the common fund and not
alone by the original subscribers, so
those of Banner and in this place
who came in after the first sale OF
stock and paid so cents per share for
all they hold, didn't consider it fair
/. deal. Several of the original share
holders looked at the matter in the
same light, and expressed willing
: ness to pay those of the original share
holders who had performed extra
work gratuitously, a reasonable com
pensation. Many Of the origlna
stock holders did no work whatever
except IN discussions at meetings a
to plans of operation, yet they palf
. but % cents per share. If pay i
10 struck the share holders of this tow
= who own property will be benefited
" not only directly, but indirectly, Will
70 those on the outside can derive onl
" direct benefits, and in view of thu
fact many contended that all shout
- be placed on equal footing, and tn
general impression was that this tow
" ought to be willing to treat all alik.
% AS the town will be the chief game
Il il the work results in success. Tw
~ or three of the Bannerites who har
- pened to be here at the organizatio
:" got their stock for 25 cents, but thos
GU who were not fortunate enough
10 be here at that time had to pay .
~ cents. This they did not think w'
VI right. After long aud earnest di
" cussion of the question, the motion
y double the stock of those who pa
:" so cents per share carried witho'
~ opposition. Hereafter all stock WI
o'' be sold for 25 cents per share, and
i"' sufficient amount sold to carry on Il
work. VI course II paw graNei
10, struck, all stock will be sold at &
advanced figure.
- The Directors elected for the e
y, VI suing year are Joseph Stewart,
w. Dunton, NJ. G.. Luney, +.
"e Tinker, H. p. Pomeroy, S. c. Silsi
and NJ. Fl. Kempner. They held
o meeting last night, but not in tin
60 for us to give proceedings for this
an sue of the WORLD. However, '
- can say that Directors and all stoe
holders favor carving on the wo
this winter, if possible, putting or
new hoist and making thorough p'
. parations for winter weather.