Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1896-05-23
uE UNDERTAKES TO GIVE $1,000
900 FOR THE WAR EAGLE.
nIactiOn of Officers for the War
Eagle, POOrman, Virginia and
Iron Mask.

mail meeting yesterday OF the share
holders of the War Eagle and Iron
Mask gold mining companies. ID. &. Cor
hin was voted an option on these two big
Trail creek properties, running from date
until August l. The stipulated price is
% per share for the stock of the War
Eagle. and 81 per share for the stock OF
the Iron Mask or 81 100000 and $500, 600
respectively for the two properties. These
sums are to be paid in cash on August J.
or in six equal payments, commencing
in July About nine-tenthS of the stock
was represented at the two meetings, and
the vote was unanimous in favor of vot-
ing the option. 1t is understood that Mr..
Cerbin represents a syndicate OF New
York capitalists, and it is general belief
among mining men that the properties
will be lifted.
Several months ago Mr.. Corbin was Civ
en- an option on the War Eagle alone at
100000, or SLIGO per share. This option
ran to April 30, but Mr.. Corbin was so
closely engaged in the work of raising
money for the extension of his road into
Rossland that he was unable to com
pIete the DEAL and it lapsed on that date.
Since then, it is said, he has been en-
deavoring to get renewal Of the option
at the old figures, and brokers say TINS
accounts for the fact that War Eagle has
stood very close at $1.60 per share for
Corbin stood ready to take it at that fig
ure, refusing to part with it for less. 1t
is said that a canvass was made Of inter
ests owning a large majority of the stock,
which showed that they were decidedly
opposed to renewing the option on the
War Eagle at the former figure of $4,000,
and Mr.. Corbin accordingly advanced his
offer to ST. 600. The news reached the
street late in the afternoon, and was the
sensation of the day among brokers and
mining men.
No POOrman Assessment.
At the office Of the War Eagle Gold Min
ing Company yesterday was held an cleo
ton of officers Of the different companies
comprising the mines in which the War
Eagle people are Interested. Brokers
were especially interested in learning
whether an assessment would be levied on
the stock Of the PoOrman. RumOrS to this
effect had been in circulation for week,
and had eXerted a bear influence on
that particular stock. In developing this
property an Indebtedness of about $30VO
has been contracted, and 1t was said that
to meet this an assessment of per cent
would be levied against the stock. This
was not the result, however, of the meet
ing, it having been decided by the man
agement that an assessment was not
necessary. From a stakeholder who at
tended the Poorman meeting it was learn
ed that the development on this mine con-
ssts of a shaft 40 feet, a tunnel of 200 feet,
and 60-fOot upraise.
In all these properties the old boards
and officers were reelected the only
change being the addition Of the Herricks
to the PoOrman
Old management Reelected.
The first meeting was of the War Eagle
company. The reports of the officers for
the past year were read and approved.
AT the stockholders meeting the old
board of trustees were elected-Patrick
Clark, John A. Finch, A. B. Campbell,
austin Corbin, b. c. Kingsbury w. j. {.
wakefield, of Spokane, and H. l.. Frank
OF Butte. After the adjournment of the
stockholders meeting the trustees elect
eo Patrick Clark president, John a. Finch
vice president, Austin Corbin treasurer
ana +. e. Lucas secretary.
AT the meeting of the stockholders OF
me Iron Mask company the following
trustees were elected: Patrick Clark
Sohn A. Finch, A. B. Campbell Austin
CorDln, W. j. c. Wakefield, of Spokane,
ana A. M. Halter and Peter Larsen OF
helena. The above trustees elected the
LoloWng officers: John A. Finch, pTesi-
ueht; Patrick Clark, vice president; Aus
rotary.
III the virginia the same trustees and Of
hcers were elected as in the War Eagle.
ne stockholders of the Poorman elect
NJ the following trustees: Patrick Clark
1 n'o1l A: Finch, A. T. Herrick, j. f. Her
a a.oA' w, j. c. Wakefield and e. ]. Rob
'S' Inc following are the officers elect
10y a. ny the trustees: John A Finch, pres
nc ~ Patrick Clark, vice president; Aus
tary
Their History.
70 mere mere is peculiar interest attaching
~ lines ehese properties. They were located by
tb Oe morris and Bourgeois and passed
into ush many vicissitudes before coming
Mo Mo the hands of the present owners. In
Wv vosemoer' 1894, systematic development
1pos ooIlnenced, and in the summer OF
toS0 dividend of $37, 500 was declared. This
save an impetus to the Trail creek camp