Arizona republican., 1899-07-09


 pany.
 MT Eberhardt. who is man Of unquestioned integrity and a large stcckholder himself, still has confi- dence in the stock, but in the face of Governor Murphy's warning, his words cffer little consolation to other hold CTS
 Shares were first sold for $1O each, the villagers buying thousands, using every dollar they could scrape to- gether. The company's prospectus told about large dividends to come and the certainty that the stock would greatly appreciate in value, and many lost their head with the dazz:ing pres
 Dects Besides this the shares were handsomely engraved and were totally unlike anything seen in town before.
 Dividends were also paid regularly, and the investment appeared perfectly safe
 All at once, a few months ago, the price of the shares was raised to S15 Instead of keeping persons out, it only made them mere anxious to buy and many doubled their holdings, while others were persuaded to buy It was believed the stock would sccn jump to S2O a share, yielding large profits to purchasers at former prices.
 No such chance to make money easily had ever come to Tivoli. and many workingmen, who make up the bulk of population, mortgaged their little properties to the limit and plunged. To add to their feeling of security MT. Fberhardt made two trips to the mines with party from the village and returned with most satis- factory reports.
 Tt is now alleged that Eberbardt saw 9 salted mine No one questions that he acted in good faith. but this is no consolation to dozens of hardwork- ing men, who expect the savings Of years to vanish beyond recall.
 Lawyers have been consulted and steps are being taken to learn just where the company stands financially and what it proposes to do. If Gov ernor Murphy is well informed. and it is generally believed he knew what he was talking about, this village will experience poverty such as it has never known.
 Outside of few wealthy residents, including General J. Watts DePeyster whose home is in this1village, s5O,O 900 represents nearly all the money owned in town. The cash given up for shares of stock has been shipped away, but the proud feeling of being interested in D gold mine has lost all it's romance.
 'Dr. Barton, a prominent physician 1n Dutchess county, who invested a small amount in the stock, has offered to sell lis shares at auction. giving the exposure Of the governor of Ari- zona as his reason. He declares that the principal movers in the scheme must show that they have put honest dollars into the mine or they will be branded as swindlers.
 Other hclders would be glad to sell their gilt edged securities at a great sacrifice if they could find purchasers but not 2 few still have faith in the mine, despite Governor Murphy's warning
 Oli miners who have seen the crud- est scecies of wildcat in different mining districts of the west and south west were astonished at the boIdness or the Spenazuma operators. They | played villianous game from the start i and they have taken desperate chances. When the special train of eastern pec- cle visited Spenazuma there was per feet organization in the camp. The l employees knew what was expected of | them and they did it. When a pros | pective investor from New York pre sented some ore which had come from 1he Marblehead mine in the San Car los strip and requested that she be shown the hole it came from-or the | hole 1t left when it came-the superin- tendent was undaunted. He took her to a shaft, but when the party arrived | the rope had slipped from the wlnd1ass to the bottom of the shaft, and the lit tle New York woman innOcentIy re- marked, Now, isn't that tco bad"
 The Drospeotors in the San Carlos strip wondered at the remarkably r1ch returns their ores gave when assayed It the Sperazuma camp. The miners employed at the Spenazumn often saw almost barren rock return rich values In copper, gold and silver. There was 'sa.ting'' going Gil in the camp, ana 1t Cid not ;ake the San Carlos prcspactors long to find this out One evening the assayer startled the peace of the pret- ty camn among the svca nnn nras If