Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1894-09-01

ingly hopeful Of rich results, of which
they are especially deserving. The
strike has created considerable excite
ment in that section and will no doubt
have marked tendency to stimulate
effort on the part Of prospectors in seek
ing for the mineral wealth which lies
hidden in the bowels Of the earth, and
only awaits the hand Of energetic indus
try TO produce.
KEYSTONE NOTES.
Superintendent Simmons has been in
Deadwood looking after the concen
trates. He has about 400 tons more on
hand ready for shipment.
The Holy Terror mine is attracting
considerable attention. This brings lots
Of people here and makes good business
for the hotels.
What ore the Keystone company had
on hand they have run through the mill
to make room for the Holy Terror ore,
of which fifty tons will be crushed.
The Holy Terror company are grad
ing for their mill They will erect
stamp mill and expect to be ready for
business in two months.
Rumor says that Frazier and Chal-
mers are contemplating the erection of
plant. lfthey do il Will be the best
thing that ever happened the Keystone.
ic ~ fnh ie 1n
grade to ship, but which will pay hand
somely treated right on the ground
Harvey Peak Mining News.
THE HARVEY PEAK co.
In the United States Circuit Court, in
New York, August Goth, Judge Lscombe
made an interocutory order continuing
Dr. Albert T. Ledoux as receiver Of this
com pany. full account Of the suit
was given in the Journal for June 30th
last. The court further appointed
hearing for August 2Sth, when the final
form Of the order will be settled. In
making the order continuing DR.. Le-
doux in charge Judge Lacombe said:
From the documents put in evidence, it
is reasonable to infer that the com
plainants will be able to prove at final
hearing that the second mortgage Of
81 $50 900, issued incidentally for the &C
QUESTION Of further properties, and the
cash advance TO the company, was really
to open the property Of the corporation
in order TO effect a sale Of so much Of
the stock as held by syndicate com
prising a majority of the board OF trus-
tees that BY such sale, which, but for
the creating Of this new mortgage, ap-
psrently could not be carried out, they
obtained in exchange for their stock,
not only ninetenths Of the new bonds
but also large sum, e400 900, in securi-
ties of another corporation, presumably
valuable that their fellow shareholders
who were not in the syndicate were in
no way benefited by this transaction
and obtained thereby no opportunity to
sell their stock. the value of which was
unn cessarily reduced by the creation
Of the mortgage, all the bonds under it
being issued, although, as is alleged, the
mining properties promised as part ofits
consideration were never turned over,
and, as il is conceded, the cash advance
stipulated for was never fully paid. lfthe
mortgage had been created in the in
terest of the corporation, its officers,
assuming them TO possess common sense,
would have seen to it that the bonds
we're issued pari passu with the receipt
by the company OF the consideration.
If it were issued for the purpose of en-
abling these officers to dispose Of their
own stocs, it was not to be expected
that they would concern themselves 10
secure that consideration for their COM
pany, and they seem not to have done
so. The preponderence of proof indi-
Gates that the president and trustees
have availed Of their official positions
to benefit themselves at the expense Of
the corporation and Of their fellow
sharehold rs. That is quite sufficient
reason for removing them from control
of the books, papers and property Of the
corporation until the case can be tried,
the facts fully brought out and the sp-
plication to remove them from office
finally determined. The motion to
continue the receiver until final hearing
is therefore granted.-N. Y. +. K VI.
Journal.
MINING DECISION.
| In the case of Patterson VS.. Tarbell,
the supreme court of Oregon has de-
cided that where the discoverer Of q
mineral lode, instead Of marking out his
claim, takes three months in exploring
the lode, and some one else. in his alb
sence, maRes a valid location on the
find, the latter is entitled to the calm,
under the statutes, providing that the
location must be distinctly marked on
the ground and the discoverer ID
not entitled to any time before making
out his claim for exploring his find, ir
the absence of local custom of statute"
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