The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-10
STOCKHOLDERS IN A
GOLD MINE ARE
WORRIED
Men and Women Who Own
Shares in a Mining Com
pany Of Berlin, Washing
ton, Meet and Discuss Lack
of Information Relating to
Concern.

The old saw, "All is not gold that
glitters,'' found modern application last
night when about 125 persons, with
liberal sprinkling of the fair sex, met
at the Odd Fellows hall to devise ways
and means of forcing an accounting
from the Great Republic Gold Mining
company, a corporation of the 20-cents-
a-share kind that has it's home in
Washington state.
The meeting, which was an informal
affair, was called at the instance of w.
S. Green, 439 Central avenue. who fears
for $500 of his own money and about
$4,000 belonging to nearly $500 inves.
tors in the two cities, because, as he
informed the gathering last night, mot
line regarding finances or progress
made has been received from the Off
GERS since last June"
The stockholders present included
many women representing investments
ranging all the way from $50 to $3.50
and their interest in the proceedings
bordered on the fearful. Some of the
male contingent admitted investments
as high as $500, but unlike the women,
they confined themselves to the strenu-
Gus and breathed dire things for the
company.
Dr.. w. E. Clifford, of Minneapolis,
the vice president of the Great Repub-
lie Mining company, and the medium
through which the most of the shares
sold in the Northwest found an outlet,
was in attendance and attempted to
quiet fears Of the gathering by inform
ing 1t that the company was in good
standing, and, as required by the laws
of Washington, in which state it is
incorporated, a full financial statement
together with other information wanted
would be furnished at the annual meet
ing in June. He characterized the
fears of the local stockholders as
groundless and pleaded with them to
wait.
Is Running Saw Mill.
The mining company, according to
w. S. Green, who poses as the leader
Of the movement to force an account
ing and a statement, was organized in
1899 and owns property at Berlin,
Wash, where it's mines are also To-
Gated. Instead of devoting it's mon
ey to the development of the mines Mr.
Green asserts that the company has
been using it to run a big saw mill,
originally erected to supply the mine
shaft and borings with timber. He
fears that if this continues, the min
ing end of the concern will lose it's
identity and his and other investments
identity and his and the investments
of the other stockholders will be jeop-
ardiZed. Green secured a statement
last June, but declares. that he has
been unable to get any information
since
The alluring feature was the price,
a cent and a quarter per share, which
gradually rose to 20 cents, when the
stock was Withdrawn from the mar
ket. Most of the $500 investors in
the Twin Cities put up all the way
from 6 to 10 cents share and as they
are as a rule persons in the humble
walks of life they feel uneasy. The
company is capitalized. at $25, 000, 900
and is Differed by Seattle parties. DR..
Clifford, of Minneapolis, is the vice
president and Northwest representa-
tive.
Little was done last night by the
stockholders beyond talking and max
ing many suggestions, but they pro-
pose to meet again and formulate plans
for settlement in the event that the
June accounting circular promised
fails to materialize.