The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-02-05
The Butte ( Boston.
Something Concern
ing 1t for Lake Su-
perior People.
The Butte Inter Mountain
tsays Something Abeut the Above
Company Says tho Force or Men
Has Been Decreased.

4 Hho8 0SCo
So many Lake Superiorites have been
specializing in the above that any
thing concerning il will be OF interest to
many OF our readers.
The Butte Inter Mountain Of Saturday
last had the following in it's columns:
Several important changes are contem-
d ated In the near future at both the Bos-
ton 4 Montana and Butte 4 Boston
properties il is said Today the force oil
miners at the Butte 4 Boston mines was
decreased by about 800 men, the miners
having been previously informed that
they would be laid off for an indefinite
period. The regular work OF develop
ment, however, at all the mines oil the
company will be continued and the smell
Ter at Meaderville will be kept running
az usual. This latter information was
given at the office OF the company. just
when the men will be put back TO work
cannot be told.
The following is takenfrom the Boston
Herald Of Sunday:
cit comes indirectly from Mr.. Bigelow
that the Butte 4 Boston mines have not
supplied sufficient rock TO keep the re-
duction works running in full. and that
expenses have been large; that, by run
ming part of the works, operations will
be more profitable than formerly, and
that the company expects to earn some
money in February. Theinformant says
he has understood that the company has
not been making money for several
months, but that il has sold bonds and
retired nearly all of the floating debt.
1T comes from another source that
Mr.. Coram said that the property was
all right, but needed money to develop
IL, and il it had 100000 to expend IL
could make showing comparable with
the Boston K Montana; that they had
thought that the first issue of bonds
would be sufficient; also, that the second
issue would supply all they needed, but
now more money was wanted, and re-
organization might have to be resorted
to.
Read the foregoing statements and
compare them with what has been served
TO the Boston public in the last months
ana years; that the company was pro-
ducing 1000. 900 pounds OF copper per
month; that its silver bv-prOduct was at
the rate OF over $500, 900 a year; that it
had no floating debt, etc. Read and
compare these things and do not forget
that syndicate OF insiders is reported |
interested in an option in many thousand
of shares in the A. j. Davis estate soon |
to be distributed, and IL ia said at price /
dependent on the market price at the |
time of distribution. Read these things
and ponder. Ask why Butte & Boston
has been 30 mismanaged that il cGnld
lot lately make money. Ask why Under
ground development %SS.Sr NOT kept up.
isk what hes-otcome of the proceeds of
ss:ss-uufids. AK why the concern bought |
a lot of mining claims in which insiders
were interested with portion OF the bond |
issue. Ask these things, and ask why |
the company has made no annual re-
ports. Ask il 1t isright that the affairs
Of the company should be allowed to /
drift TO condition which renders it pos
sible that such things as the above
should be said OF the concern through |
newspapers.
ASK whether the stock exchange il
doing right to permit trading in the
shares OF concern thus managed with |
out demanding full and accurate financial
ut regular periods. Ask il |
INV thibeo otC iikht eshu hohcc't
ask other things, and do not doubt what |
The answer should be. Single-handed, not
Ior notoriety, but because il was right, |
this column has urged, in season and out
II season, that the management OF this
mining company and OF other mining
should deal fairly by share
holders, by recognizing the trusteeshp of
the position and by furnishing to them
annual reports Of some sort and com
plete reports. The omission in these
things is gross wrong to everybody |
from the management to the
smallest stockholder. and the smallest
trader on the street, The plight of Butte
K Boston casts distrust upon all the
mines managed from the same headquar-
ters, and makes people querv whether the
claims Of great value today are to be fol-
owed by deplorable admissions on the
These things SAVIOR of specula-
ton, not ofinvestment, and Butte 4 Bos-
ton and Boston < Montana are reported
today the leading gamblers" on the
ocal stock list"