The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-13
MEMS IND GOSSIP Of 1HE MINING WORLD.

that we nado no great sacrifice OF the
stock In the sale to Mr.. Cowley. l have
only to instance the sale of Mr.. Bailey's
block OF stock to Geo. b. McAuley, short
time previous. for IL cents q share"
Had there not been q struggle for su-
prenacy between factions in the COM
panyr''
Eyes. we found that We did not have
enough to control the annual meeting and
30 We stayed away. We believed It was
to the best interest OF the company to
have Spokane people In the board, rather
than Toronto men. as the other people
proposed.
Mr. Cowley when seen denied that there
was any collusion on his part to secure
control Of the mine for the Drumheller fac
tion. but that he purchased the stock as q
business proposition. It II only fair to
state that Mr.. Cowley Is intimately Assoc
ciated In business with Mr.. Drumhe.ler.
the latter being director OF the Traders
National bank. Mr.. Cowley only few
days ago resold the stock to Mr.. McAuiey
at cents per share.
Charges Against the Management.
For the past two years. or since the sale
OF this block Of stock to Mr.. Cowley.
J. l. Drumheller son Of d. NJ. Drumhel-
Ter, has practically managed the develop
ment Of the Evening Star, with what sue
cess is shown by the fact that the property
several months ago was shut down Tor
want Of funds to continue work. 1t IL
charged by the minority stockholders that
under the management of J. l.. Drumhel-
Ter the assets OF the company have been
wasted. and. notwithstanding the fact that
about 100000 tons Of ore had been shipped
from the mine, the company was 30 deeply
In debt that further progress OF develop
ment OF the mine under his management
was out Of the question.
ut was to protect myself that I bought
Mr.. Cowley's holding OF stock the other
day." said Geo. b. McAuley. (which, with
Chas r. Chamberlain's interests gives us
a control Of the mine. A matters were
going ! was In q good way to lose all I
had put into the company. ! should not
have Invested any more money in the prop
erty however, had not considered the
mine worth 1t. Mr.. Chamberlain and my
self have Just made thorough inspection
OF the mine and with intelligent develop
ment the Evening Star bids fair to prove
as good mine as there Is In the Rossland
camp. left Mr.. Chamberlain up mt Ross
land. He will have the management OF
the property from now on. II II our In
tention to reorGanize the company under
the laws of British Columbia and to es-
tabiish the headquarters Of the company
at Rossland. There Is plenty OF money In
the treasury to carry on development work.
The stock In the old company has been
put into pool with w. J. Wakefield as
trustee, for period OF ak months. At
the expiration Of that time the owners
have the choice of selling their stock to the
new company or accepting share for share
in the new reorganization"
Mr.. McAuley IL the principal owner in
the Cariboo gold mine Of Camp Mckinney.
from which he is reported to have realized
not less than million dollars in Avs
yearx He IL one of the most accomplished
and experienced mining men in the coun-
try and was never known to 60 chasing
after rainbows. Charley Chamberlain Is
very we'll known throughout Washington,
and during the settlement Of the railroad
difficulties in the state was receiver Of the
Central Washington.