Arizona republican., 1899-07-09
New England Villagers Bought
 Spenazuma Stock.
WANT TO SELL IT AT AUCTION
The Warning of Governor Murphy Brings to inc Eyes of inc World inc Success Which inc Fruadu- lent Companies are Meeting Win in DISpOSIng of their Stock in inc Eastern SfafeS.

Castles built of copper ingots and filled with bars of gold have for several months f,natrd on :he mists of tie Hudson river valley. Villagers have seen these ficating palaces of wealth and have looked with wistfui eyes upon the entrances which were barred against them cnly for a few short months they were told. But a few more shots they were assured, would be required to blow open the doors and let them into a wealth of splendor and relieve them forever of want.
 Nearly two months ago The Repub- E-an's mining correspondence told Of the Spenazuma mining fraud. What this paper has said has never been denied by the Spenazuma company. They met the grave charges made against them with sheer, and lightly passed them off with a statement to the stockholders that a sensational reporter had been filled up'' with gulf by number of discharged em- ployes. The Spenazuma company has been treated mere fairly than it de- served by The Republican. The full story of it's robbing has not been told; probably the whole tale will never be known, but Arizonans know enough 10 satisfy them that the Spenazuma's promoters would not hesitate to com init highway robbery tCI serve their purpose or gain.
 When Governor Murphy found that the condition had reached such a state that some official action must be taken to stop the operations of mining sharks in Arizona, lie called attention tcl the Spenazuma fraud among a number of others. Correspondents of eastern papers in Phoenix were asked for "stcries" of the governors action and when this news reached the agricul- 'tural districts aIcng the Hudson river there was greater excitement than the villagers had ever known. The headquarters of the company in New York were appealed to for inforJna- tion, and the wires told them, per haps, that the emplcyes who were dis charged had alscj get the governors ear. At any rate, the assurances from the New York office did not quiet things along the Hudson. A suspicion is hard to control when it breaks out in an agricultural. community. The governors mail for the past week has contained hundreds of inquiries in re- gard to the Spenazuma. The latest communication is from the chief of police of Tivoli, a small village in New York state. It is as follows:
 ''Tivoli. N. Y, June 23, 1899. gro His Excel;ency, the Governor of Arizona:
 Dear Sir: I am requested by the people of this village to ask you for your opinicn as to the reliability of the 'Spenazuma Mining Co., Of your state, inasmuch as about S6O,OO0 has been invested by the people of this village.
 "The local agent here is still so- iicitiEg for above enter prise among our poor people. Note article dateS June 21, from 'Phcenix, Arizona to New York World, severely criticizing the 'Spenazuma mine with four other properties. Will you give me ncces- sary information. Also encIcse the circular letter mentioned in New York World of above date (June 21sO i
 "A speedy reply is awaited to satisfy i our people.
 Respectfully,
 "F. A. ROSS.
 "Chiee Pclice." The New York Herald a few days ago contained special dispatch from 1fvoli. It stated that the residents of the town were thrown ir,so a panic when Governor Murphy's warning came. It confirmed what Chief of Police Ross said, that s6O,00O had been by villagers for stock The poor and the rich had alike been vic timized by the agents of this bare faced fraud. The dispatch further says: Now that the bad news has arrived. scores of shareholders are greatly ex- cited, and open threats are made against the company if it fails to re- deem the money invested Such a thing as sreculating in stocks was al most unknown in this village Of one thousand inhabitants until about a year ago, when c. Eberhardt, former