The evening world., 1894-08-22
HE MUNCAAUSENED THEM.
Lord fhurlox'S Report to British
Harvey Peak stockholders
an Eld0radO Dream.
AN AWAKENING AND A RECEIVER.
Figuring in . Col Sellers Fashion, He
Promised 100000 Year Profit,
aud They Loaded Up.

| The papers III the harney Feak III
Mining, Milling and Manufacturing
Company case were filed YESTERDAY. Tney
weigh about pound, and dreary lengths
| Of legal phrases hide the many items OF
contempOraneous human interest. The
| documents contain gems that should be
| of value to people who may be tempted
| to invest in tin mines.
| The Harvey Peak tin mines are In the
Black Hills, Dakota. Their discovery
WAS godsend to the protective tariff
shouters, not to mention the great bene-
fit they proved to be to the enterprising
promoters. The only tin" that has been
produced was produced by the stock
holders. They got tired of producing"
and had Albert r. Ledoux appointed as
receiver.
Yesterdays World told how unmerci-
fully Judge Lacombe, In the United States
Circuit Court. had scored the Board of
trustees He particularly dashed them
Tor putting the second mortgage OF
A,SO.oOO on the property, and said that It
was reasonable to infer that the COM
plainants can prove at the final hearing
that the mortgage was really put on the
property to effect a sale Of so much of
the stock as was held by a syndicate
comprising a majority Of the Board of
Trustees.
There were the American company, the
English company and the syndicate, the
latter consisting Of Samuel Untermyer,
Lewis May, Henry Clausen, jr.. George
Ehret and William Remsen. Between
theh there have been many involved
transactions. The agreement about the
mortgage Is among the papers. 1t reads:
h. The undersigned owners Of the num-
uer q! shares or the capital stock of
the Harvey Peak Tin Mining, Milling
a a Manutacturlng Company set oppo-
ste their respective names hereby con-
sem to the execution and delivery by
the company of mortgage or trust
deed covering all It's present and here
AFTER to be acquired property to secure an
The deed may be In such form and sub
oect to such conditions as may seem ad-
Wis Ies: f.! Signed: Frank Crisp. ol,@o
John Parsons, $50 shares; Harney Peak
Consolidated Tin Company, Limited,
Edward Barlng-G Gould. Joseph yerdin,
LOO shares.
Another. very striking document is
me report made to the English stock
He visited the mines In June, 1892. 10
fully appreciate the beauty Of the re-
port the mind should be fixed on the
fact that no tin worth mentioning has
His report begins by telling how he
was accompanied from New York by
Messrs. May. Ehrct. Clausen and
the mines: He speaks eloquently Of the
perfect climate. grand scenery, trout
stocked streams. lined with scarlet tiger
investment OF almost unlimited capital.
He prophesies that the Black Hills will
become great summer resort for
The question, of the production of
the extent to WHICH the COMPANY is
From To 5 psnd the m can e ran
on $50 tons Of ore daily. producing at
IN IN every twen,y.foTr hSYrs which At
for twenty-five working days"
Then the. noble Lord apparently be-
came intoxicated with visions of unend-
Sad sde teat s Tso o tSSaa bag
two with the profit from selling it. and
so on, till, just as she had reached the
nstead OF huns sns sSioRen Say with e the
money she would finally make, she
rhsroW he aTEusd BY issi lss2
can be doubled again, IL q second mill is
built at Custer and trebled II the de-
fects at the Eta mill are rectified."
Then follows a table beginning: "If $50
tons ore q day are produced, the annual
profit will be $4,000 clear to the stock
holders" and working the thing up till
the final figures show that the stock
holders may expect 5000 tons of ore
day, meaning an annual clear profit of
1900, 900! Now the company is In a re-
ceiver's hands.
Could anybody have trified with Lord
Thurlow? He tells in his report bow q
farmer took spadeful OF dirt out of
the ground, right before his eyes. and
washed out several flakes and grains OF
gold, just to show him how the ground
was. He is sure that the company will
copper. nickel, zinc. lead. saltpetre. as
bestos. plumbago. antimony, cobalt
gypsum, ctnnabar, platinum and ura-
mum, besides tin.