Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-09-09
NOT TAKEN SERIOUSLY.
The Boesc Circular Believed 10 Have Been
Distributed for Purpose OF Blnekmail.


The circulars bearing the name OF
Quincy Ward Boese attacking the man
agement of the Majestic mines which
have been quite generously distributed
throughout the country, are not taken
seriously by local mining men. They are
looked upon as being In the nature Of
an attempt at blackmail more than
anything else and framed purposely TO
injure one of Beaver countys largest
enterprises,
While President Mucklow does not be-
lieye right thinking people VIII pay any
attention 10 the circulars mentioned,
yet such things are provoking and ne
does not propose to let them pass UNI
answered Hence the News gldd,y
gives space to his statement concerning
the matter which ~ as follows
81 have read the complaint and clreu-
lar letters of Mr. Boese regarding Ma
jestic management, and wish to say
unqualfledy that they are made UP
chiefly Of false, malicious and mislead-
Ing statements, The complaint VIII r.
ceiye proper attention In the court
where brought, and II would be mani
testify improper to try the case In The
newspapers. Neither do | care to COM
ment az length on the circular letters,
but as the Majestic company has not
only warm friends In this vicinity but
a large number OF stockholders ard
business associates as we'll II seems
necessary, In justice to them for me TO
make brief response.
MIR Boese has not purchased a sim
gle share Of treasury stock nor has he
contributed a dollar to the enterprise
since the company took possession or
the properties in August, 1902 As an
evidence Of his inslncerity and treach-
cry to the Majestic interests ] assert
that when its treasury stock was on
the market for the purpose OF furnish
ing funds to prosecute the development
of It's properties he wrote the fiscal
agents. Chapman, Mucklow e. Bosom,
that unless they took 1000 shares OF
his stock OF his hands at n price nam
ed by him he would advertise It's sale
In the newspapers below the then mar
kct price. This scheme was promptly
turned down. The correspondence COW
erlng the transaction ls at the Hart
ford office, open to Majestic stockhold-
crs.
1T would be presumptuous for me
to speak of my own business ability
and character, but entirely proper to
state that other members Of the dl-
rectorate will bear the closest lnvestl-
CATION on these or any other lines, and
| do so with perfect confidence.
my firm and myself have furnished
$4,000 In cash toward the loan, and
we stand ready 10 furnish more TO the
extent of our ability TO say nothing of
the amount subscribed by the other
directors in fuhllmcnt Of their pledge.
IL was elected treasurer Of the COM
pany In August, 1902, and served until
May a. 1903. During that time / never
received one dollar for any services In
that capacity J was unanimously elect
ed president Of the company In May,
1908, when Mr. Caughey, for reasons
thought sufficient by the stockholders,
was dropped from the directorate and
secretaryship OF the company and
from that time TO this | have never
drawn from the company a single cent
for services, salary or expenses. Nor
has any action ever been taken by the
directors to provide salary for me or
any OF It's members.
MY time and best ability have been,
are being and win be devoted to the
highest interest Of the company during
my term of office. | firmly believe that
the Majestic company has n brilliant
future as one OF the great mining and
smelling enterprises Of Utah, This et-
fort to excite alarm and create panic
among the stockholders and business
friends of the company Is, in my judy
ment for stock jobbing or malicious
purposes.
II state without qualification and can
demonstrate the statement that every
dollar employed to bring the Majestic
to It's present position since II took
possession OF Its properties from the
| original promoter has been secured
through my firm. The trial OF Mr.,
Caughey's suit VIII vlndlcate my firms
integrity. Until then do not see that
ANYTHING more need be said -