West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1899-09-07
INFORMATION WANTED.
Another Financial Statement Badly
Needed.
VIII the Agent OF the KingWOod MIN
ing Company stand Up and
DO Counted.

agent OF tho kingwOod Mining
Company had been back from his
trip TO the Great Northwest IN
search of gold as the representative
OF said Company, for several
mouths, without having made any
report or settlement TO said Com.
pany. We insisted that this should
oe done, and stated hal the stock
holders were calling for it,, and it
Was the duty Of the officers Of the
Company to see that a settlement
was made with the agent, Mr.. r..
M. Boone, of this place, and re-
ported to the directors and stock
holders. AS vas right and proper.
We have waited now for months
longer, or just one year altogether,
since Mr.. Boone's return from his
prospecting TIP, and not IA word Of
report or settlement IS forthcoming.
The parties who invested their
money IN this enterprise are Justly
indignant, and are critlcising Mr..
Boone in very strong terms. The
officers and general manager OF the
Company are also coming in for
some criticism for not compelling
this settlement and report, as they
should do.
The Kingwood Mining Company
was organized IN March, 1898. by
Henry Clay Hyde, who was elected
President, and George A. Walls,
the County Clerk, was elected Sec
rotary. A charter was secured
from the Secretary of State with an
authorized capital Of 500, 900
Fhe incorporators were II. @.
Hyde, p. j. Crogan, N. j. Fort
ney, Geo. \. Walls, L.. q. Shaner.
Geo. A. Herring, b. Il. Brown, J
w. Watson, j. w. Flynn, Wm. NJ.
ShaRef, W. 7. S. Graham, }. w.
White, Grant Graham and J.. S.
Brown. On Tuesday night, March
10, 1898, n meeting Of the incor-
pOrators was held in the law Office
OF Brown Y Hyde, and the follow
ing Board OF Directors elected:
II. G. Hyde, 2. j. Orogan, l.. G.
Shaffer, Geo. A. Herring, Grant
Graham, Geo. A. Walls and j. S.
Brown.
About s7OO was su bscribed and
paid in and Il contract made with
L. M. Boone, by which he was to
60 to the K4oudiko and prospect
and eRdeHvor to ACQUIRE good
claims IN the name Of the Com
pany, and to remain IN the employ
of the Company at least one year
for the $T00, which was turned
over to him and supposed 30 pay
all his expenses for that length Of
slime. The agreement was that be
vas to share one third and the
Company tWo.thirds Of all profits
and Investments. Tho shares of
stock were issued March 81. fsa8.
signed by the President and Secre
tary, and Mr. Boone left Kingwood
on Sunday, March n, 1898, in
company with others from here.
who went on their own account.
After being gone about FIVE months
he returned, coming back the last
Of August or first Of September
following.
So far as we have been able to
learn, he never made any invest
ment, and never got into the Klon-
dixie, and could not, nor did not,
spend over half Of the money. In
fact, $500 would cover every cent
OF his legitimate expenses. Mr.. A..
". Albright, from here, was with
him till they arrived in Washing
ton on their return, and Mr.. Boone
came directly homo from there.
while Mr.. Albright remained con
siderabiy longer, prospecting fur
Their in other directions. lie SAYS
that he had only spent 1880 ND to
the time Boone left him in Wash.
ington to come home, and that bis
expenses were heavier than Boone's.
because be bad to purchase supplies
for himself alone, whereas Boone
and win Smalley bunked together
and could use many supplies, tools.
ETC., in common, and save consid
erably on their purchases. This
would leave about 800 in Boones
handC and unaocount.d for. and
he has now been home ono year.
without any indication Of settling
or ~urrIrr ruar met Lt~-