The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-10-24
ANOTHER DIVIDEND DECLARED
Receiver BrOderick Has Done
Some Good Work
FIRST NATIONAL MATTERS
Tramps TO Be Set to Work Breaking
Rocks for the Road
Ratio District Voted a Tax for Irrigation Pur-
poses-In the Goler District.
FIRST NATIONAL MATTERS

rick has been ordered paid depositors in
the First National bank. The money on
hand will permit of only 10 per cent be-
ing paid, but that will amount to nearly
$50, 900, and it will b, scattered among
the depositors about Novsmb Der 1st.
This will be good news not only to the
depostors them selves but to the mer-
chants of this city, for it W ill mean that
nealy $40, 900 will GO into the channels of
trade during Noveu Der, and such an
amount will have a very appreciate
effect upon business.
The announcement was not unexpected,
in view of the length of time since the
nrst dividend WAS declared. although this
was probably delayed in the hope that it
could bs increased to 20 per cent. This
first news of the dividend was in press
dispatch sent out from Washington an
nouncing the decision of the comptroller
with reference to dividends for nun Der
of banks.
When this dividend is paid, it will
make between $4,000 and $50, 900 paid
out to depositors, and the work OF col
Letting this amount has mostly been done
since March. Although the bank closed
in November, Receiver Brodrick was not
appointed until February, and was not
fully in charge until March. Conse-
quently the showing is a good one, in
that 80 per cent has been obtained for
depositors in that time.
THAT ROCK PILE.
Work on the stockade which is to sur
round the rock pile at the foot of E
street has commenced. Lum Der has been
hauled to tue site today, and IN the
morning as many carpenters as are avail
abe will be put to work Captain Scher-
merhorn says that from week to ton
days will be required to do the work,
aud that will make it posi- BILE to have
tramps breaking rocks not later than
Nove;:, Der 9Th, and possibly a little
earlier.
Rock will be brought from the Port
land Cement company's plant at Cotton,
aud it is probable that the frs. broken
rock will be used along Cotton avenue.
If the work proves successful, that is to
say il the supply OF workmen holds
out, and that thoroughfare is nacadam-
lied, the rock will then be used on other
roads, and IL is possible that the stockade
itself may ba moved TO keep it close to
the roads to be improved.
VOTED A TAX.
| Decisions OF the court to the contrary
notwithstanding, the Rialto irrigation
ditrict, by a vote that only showed three
ballots against it, voted a tax of $40
per acre last Saturday. There were only
twenty-five votes cast, but of these only
three were found to be again1t the tax,
the other nineteen being IN its favor.
The levy will produce little mora tn
| $31 900. OF this amount about $24, 500 is
needed. to pay the interest on the bon DIS
and the remaining $4,000 will go for the
running expenses OF the district. The sen
| timent, as expressed by people, not only
ut the polls, but In conversation, is full
| OF con tidenc that the ultimate decision
of the supreme court will uphold the va
lidity of the districts and their bond
issues.
IN THE GOLER DISTRICT.
| G. A. Burcham has returned from the
mines in the Goler district, and his ac-
| count of the mines being opened there is
a glowing one. Along with him came W..
L. Van SlyKe, who has been looking
! through the district. and he is persuaded
tnat some of the mines about TO be
opened there are very rich.
Burcham is one of the three owners of
| the claims in the istrict' covering about
one hundred acres, and some Of the
assays give almost fabulous returne. He
| is of the opinion that there is enough $40
ore in sight to keep n ten-stamp mill at
work for many months. The ore is most
! ly of high grade. and the quartz is found
which they are now working is about
forty feet in width, and samples $50 clear
across. But the rich ore seems to be a
" blowout" or chimney, and Burcham
exhibits one piece of rock from this that
| assayed $l3S9.
The mines are very difficult of access.
however, and the nearest point where
water can be obtained is twelve miles
from the prospects. 1t is forty six miles
to Mojave, the nearest railr Dad station.
| AS yet but little development work has
been done, most of the ore having been
taken from the surface. and the deepest
shaft is not more than ten feet. They
| now have 700 sacks OF ore at the depot at
Mojave ready TO- shipment 70 smelter
and all this ore is supposed to be better
than 500 TO the ton. But, as usual. Legal
complications have come up, and just al
! the ore was to be shipped they were
served with notice of injunction by the
Kern county officers. The mine is one
and a half miles a,ross the county line.
Several months ago while Burcham was
in this city his partners. John Singleton
and +. NJ. Moores, vera VISITED at the
ihiiC ny san parties, WIN
tered into a contract with the two. by
which the San Francisco people were to
put in machinery for a.cerraln interest in
the mine and proceed to work it. When
the contract was brought to Burcham he
refused to sign it and the deal fell
through. However, the operators from
the north saw that the mine was worth
fighting for, and when the miners were
ready to begin to ship ore they were en-
joined. and the matter will now go into
the Kern county court for adjustment.
Mr.. Burcham expects to go from this city
direct to Bakersfield.
THE GAME LAW CASES
The case against M. A. Pace. charged
with having violated the game laws by
having quail IN his posses sion during the
closed season came no before Judge Knox
today, but the whole day has been spent
in selecting jury and out of two ven
Tres, thirty-;our in number. but ten jur-
ors were chosen. A third venire of ten
was made returnable at o'clock this
| evening.
| This case is the one that resulted from
! the unexpected visit of Arthur q. Fetch
or OF the state fish and ga e commission.
J He discovered party of hunters consist
ing OF NJ. A. Pace, r. A. Carter, I. j..
Starke and william Thoae, in the aelds
near Rialto, and swore out com plaints
| against the first two named. Carter's
| trial is set for tomorrow.
NOTES OF THE DAY
A marriage license has been issuedsfOr