Cañon City record., 1902-08-14
NE. BARNES EXAMINES
STRATTON'S MINES

n. E. Barnes. Que of the heavy
stockholders of Stratton's Indepen
dence. was III Cripple Greek for a couple
of days max ing personal examination
of the propery to satisfy himself con-
cerning the exact condition of the
famous property. Mr.. Barnes is very
we'll pleased with the present outlook,
and says there is no cause for English
men to feel disappointed over the
manipulation Of Stratton's shares.
He says if English investors could see
the amount of ore that i i'll sight and
which needs money only to get it ont,
it would be impo>,ibl, to keep them
away.
Mr.. Barnes states that his iuvesti-
cations here havr h"eu of sati>fac-
tory character In London they We're
of the Impression that there as reck-
less waste of money and that there WAS
boss for about every third man.
That idea has been dispellled and he
finds that the property is being worked
in most economical manner He
has found that the property was capi-
talized too largely. and that had it
been sold at 5000. 900, the amount
that Mr.. Strstton was willing to ac-
cept at one time, the share holder
would by this time have gotten back
in dividends. about the original
amount of their investment
He stated that in his mind there
WAS absolutely no ore in the 1900 foot
level at the present time, but develop.
ment might show something later on
He stated that the profit of tn" com
panv for the month of June amounted
to so, ,o00 and that the contemplated
profit for his month would he about
$50,O
In discussing with Mr.. Barnes his
visit to Strattol.' 5 and as to the truth
fulness OF the statements ~ stated in
the Cripple Greek Times of July 80,
he said what appeared, was practically
b verbatum report.
80, yes, Mr.. Hammond must be
. clever mining expert from the fact
that he draws the salary he does. The
man who gets the money must be
clever | believe Mr.. Baker is either
now i'll New York or on his way
to the mine, so that some startling
developments may be expected from
the fact that they are concentrating
forces at the mine. From what
could understand from Mr.. Sherman,
Mr.. Hammond has made no radical
change from the policy laid down by
Mr.. Rickrad. -
''Who's report do you believe to be
true, Mr. Hammond's or MacLaren' -
Mr. Barnes replied it was only an
X Ray expert or time, who would
tell at all events what capital is in
hand and ore in sight. "The share
holders must get at least 81 for every
share they hold.
81 feel sure the southern area of
the property, when developed further.
that some more rich veins will be un-
masked. -
''What do you think the feeling
will be among the English share
holders. who paid f3 a share, when
tHty I'aIih' 'llcS "ouIu only p"t %
for the share they paid f3t'
'If it is proven to them that they
have lost their money legitimately in
consequence of the ore pinching ont,
they will lose their money like
Britons. All any Englishman wants
is run for his money and | can as
sure you that they are the best and
plesantest losers in the world, you
never find kick with them if every.
thing is on the square, but they will
make a strong fight when it is not
So"
''Do you think they are having a
square run now with their investment
in Stratton's.''
''Yes, honestly believe they are.
Hammond and Shepman have got
nothing to gain by making statements
they have, if they don't believe in
them, becaues the development of the
property, which is rapidly going on,
will prove, as they know, whether
they are right or wrong. also be
lieve Mr.. MacLaren was candid il