Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-04-14

ford w. Smitt, A. j. Robinson.
hilbert ShSw and Samuel IL. b .bbilt'
anu Thor object Va TO do things nee.
tsairy iur the advance ment and Tor.
NATION OF general baud and
Improvement husinrtg. They place
their capital tiocl, at SGO0,OOO, divided
1910 bJO, 900 ehares II the par value of
81 each, Tho management OF tho
company VIII be under the control
anu direction Of n board Of seven
directors. Henry Paul, Charies w,
Ellis, Jane, -. Hooper, Frederick q,
Bul ley, Alfred IL. Cook, LOWS II.
I0mpsius ant T. l.. Mollin are
selected 90 act na SAID Directors during
tie tlrst yearand until their ucoossors
are elected. The operations of the
company will be carried on In Pitkin
county, COlo..uni IN Salt Lake county,
Utah. with the principal place anu
business Office In Aepeu, Colo.
MOTHS.
The Big Hole Placer Mining COM
pany has made au assessment OF one
cent per share.
a sale OF 800, la shares of the Tinllc
Mining and Milling company, for lie.
llnquency III assessment, II advertised
Tor Monday next. A sale OF delinquent
stock IN the Himnlaya company lakes
place tho Hamu day.
3. +. Mount says that In the hex
mine, IN Detroit district, the operators
nave q large body Of ore, out they will
have TO run 500.feet tunnel before
they can extract II successfully. The
other mines In the district are opening
up well, aud ho thinks the district has
good prospect Of being one Of the
most prosperous In the Wett.
Flank Mcacham, who has returned
from tue new placer fields At B1rnx
lake, 100 miles northwest OF san Btr-
nardino, Colo, discovered some weeks
ago, reports that the bedrock Ia found
Mt n depth Of four feet. The men Mt
first were compelled to carry dilt on
their backs q distance Of a half mile to
the lake, where Il II washed Ia crailes.
During tue ilrst seven days Moacham
says he washed out sllO In nuggets.
Dry washers arc now used, Producing
- each mnn from SO 10 SIS per day.
The nearest railroad station IL at
Mgavs, from which place 20 the
mines IS ride OF ffiy miles. Tho
placer field II large anu prat tlcAily
unexplored, and rich huds aro Rntici.
pated.
Some interesting revelations are
expected To result from suit filed In
San FranciscO last Wednesday, says
tho Chronicle, by William A. Wal.
lace against the Amador Gold Mining
company. Wallace Is al OK. u nlted
States senator from Pennsylvania and
Ii creditor Of the company 10 the eN.
tent OF sl20, 28l.86, for which amount
no IL suing. The suit IN tho result Of n
IDEAL" 10y which A. Mintar succeeded
IL floating the stock Of the Amalor
mine In London through Charles
Edward Harrison and A. Basil COch.
rane, who were active men In a con.
Germ known az tho Engliah aud For.
eign contracting company. The Gala
fornia corporation which owned the
mine was to bo paid $780, 900 IN cash
anu bo given onc-iouTth OF the capital
stock. The remainder OF the stock Is
sail to have been planted In London
at fabulous prices by means ofallIw-
Ing prospectus which held out an NJ
Turing prospect for future prohts.
Pending the contamination Ct tho deal
tho mining property was placed In
escrow.
Ii now appears that neither money
nor stock WIS ever delivered, but that
Notwithstanding that fact, the Eng
llsh concern Ia a1me unaccoun table
manner obtained possession OF the
mine, which, II rumor no true, they
have since worked at loss and to the
great disappointment Of eager ana
auxioua EDf lish stockholders.
Senator Wallace during all NJ this
time has hell tho Dote8 Of tue CalifOr.
mia corporation for about 100000. Ho
has sued for tho money In order 10 pro-
tect the debt from becoming oullawod
under the statute Of limitations.