Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1894-03-10
DREDGE AFFAIRS.


A meeting of the stockholders OF
the Carson River Placer Mining
and Dredging Company was held
in New York City on the I'd of this
month, at which large number Of
stockholders were present, and 49,
698 shares of stock were represent.
ed. All reports, correspondence,
estimates of concentrating plant,
etc, by General Manager Warren,
were brought before the meeting
for discussion, and by unanimous
vote of the stock approved.
Superintendent Raeewas also dis
missed from the employ of the
company by unanimous vote.
The stock Of the company was
increased to 100000, and a block
of this stock, sufficient to pay all
debts and complete the proposed
plant, was offered to parties in in
terest at a specified price, the re-
mainder TO be reserved until the
present plant shall be paying divi-
dends, and. then be sold only for
putting in more new plants. This
block is to be sold on subscription,
each subscription becoming valid
when all is subscribed for. Reports
from the President of the Company
indicate that this stock will soon all
be taken, and money will then be
in the hands of the General Mana
ger for the liquidation of all debts
and to 60 ahead with the proposed
plant.
The following resolution was in
troduced at the meeting and unani-
mously adopted:
Resolved, That it is with pleas
ure, we, as stockholders of the Car
son River Placer Mining & Dredging
Co, fully indorse the actions of DIR.
o. H. Warren, as General Manager
of this Company and its business
interests in Dayton, and we hereby
purpose to use our utmost endeav-
ors to speedily place him in posses
sion of sufficient funds, SO that he
may be enabled to further maintain
the good credit of the Company by
cancelling its obligations at Dayton.
Other business demanding the at
tention of General Manager Warren,
he will soon resign from that posi-
ton, and he has made arrange
ments with Mr.. j.. O: Pierson, OF
Sacramento, to take the General
Managership for the company.
Mr.. Pierson is now Superintendent
of the Capital Gas Works, in Sac
ramento. He has been the consult
ing engineer of many of the largest
railroad and mining companies on
this coast and has high record of
success in all he undertakes. He
has been on the ground and investi-
gated the plan of operations mapped
out for the new plant, and has ex-
pressed himself as having great
confidence in the enterprise. His
acceptance of the position as Cen
eral Manager, subject to the approx
al of the company, we consider a
very high endorsement of the en-
terprise.
Provisional arrangements have
also been made with Capt. H. Davis
to take, the position of Superintend
ent of the Company. Capt. Davis
qualifications as an engineer (espec-
tally as the proposition here is one
of engineering) and his energy and
executive ability commend him as
a man well fitted to attend to his
part of the duties in making the
enterprise success.
The plan of the company, as he.
fore stated, is that of concentration
of the material raised and also
milling the concentrates, with sup
Elemental arrangements for saving
the free material. The company
proposes to put in an electric plant
to furnish the power, and this, to-
gether with the concentrating plant
will require an expenditure Of some
thing over $4,000.
In view of the above facts we con-
slider that the prospects of the Car
son River Placer Mining & Dredg7
ing Company never looked brighter,
and in consideration of the same it
should be given all the encourage
ment possible by our people. The
success of the enterprise means a
renewal of business life in this COM
munity, the employment of many
men, and consequently better times
in all kinds Of business. The CON-
A L