Mohave County miner., 1900-01-27

the officers and stockholders of the
Superior mining company of this city
last Friday morning on the receipt of
a telegraphic offer of l50OO0S for the
company's mine at Lordsburg, New
Mexico. The offer was made by the
Balbachs, of New York, who recently
had the property exported, through
Geo. Mason, their representative at
Lordsburg. The Balbachs have made
several bids for the Superior at less
than l5O,O00s, but they have been re-
fused.
On receipt of the kilograms general
meeting of the stockholders was called
by President Reckhart at his residence
for the purpose of determining what
the company should do with the Offer
| The stockholders to the number of
thirty-six were present and chaos
reigned for some time after the tele-
grams were read. One after another
got up and named his, price for the
= mine. Some thought that the property
I should be sold for the amount offered;
others said there were two hundred to
| four hundred thousand dollars worth
of profits in sight now and it was only
matter of time until the profits would
be distributed and new ore bodies
opened up that might produce as much
more.
Pres. Reckhart took the floor to say
that while the actual profits in sight
were perhaps larger than the offer, and
the probable profits, with development
work, as great as those in sight, yet
the offer was a fair one and in his
opinion it should be accepted because
the money would be paid in one lump
and would be Immediately distributed
among the stockholders instead of be-
ing spread over a period of time nee
essary to extract, ship and treat the
ore at the smelter, etc. He thought the
offer was fair and was big return for
the investment and it should be ac
cepted.
Several of the stockholders followed
in similar strain, and after consider
able wrangling it was decided to tele
graph the Balbachs that the company
would accept the amount named spot
cash for the property. The kilograms
were sent Friday evening.
D.
finers, their works being located al
Newark, n. J. Their refinery is the
largest in the United States.
, 1t looks as though numder of r.
Pasoans are about to be overburdeneC
with an extra lot of spare cash.--Times
The United States is to reap great
reward at the end of the South African
war, according to Johannesburg edi
the gamer He says: "South Africa
has no manufactures; everything mus
be imported, whether it be whisky OIL
clothing. Even agriculture has beer
, neglected in the mad rush for wealth
and incidentally, ruin. Legitimat,
business has been abandoned for spec
, ulation, and commercial honesty ha,
been on the verge of oblivion. Wher
the war shall have cleared the atmos
phere, business. as it is understood il
this country, will once more take th'
: place of scheming, and so good may
yet come from bad. But one thinl
Americans must heed or they will re
/, gret their lack of sense. They must
avoid gold and diamonds and all otheI
} mines as they would the evil one
South Africa is too thoroughly in th'
clutch of the unscrupulous speculato
and promoter to warrant the invest
ment of American capital in anything
save legitimate business. II specula
, tive Americans must invest in mines
, let them seek new ones there ar,
plenty to be had for the developing
and then keep absolute control in thei
, own hands. For the South African
promoter is first cousin to Bret Harte'
Chinaman-childlik and bland-bu
with sundry and various financia
tricks that are delightfnlly ingenious
even though they are apt to impover
ish those who are foolish enough to b'
, ensnared.-Oregon Mining Journal.
, Certificate Of Incorporation.