Idaho Springs siftings., 1904-04-02
OFFICERS PRAISED
BIG FIVE DIRECTORS ENDORSE sEcRE-
TARY MERRILL AS AGAINST
Or. SUFFa
ANOTHER FIND IN CENTRAL TUNNEL
GREAT AMERICAN VEIN ENCOUNTERED
1900 FEET FROM THE PORTAL
OF THE BIG BORE.

Secretary y c. Merrill, of the Big Five
Company, has been in town this week and
when questioned as to the Suffa suits and
the results refers to his weekly reports to
the stockholders which appeared in the
Mining World OF the 24th. At the.called
mesting of the directors of the company
held in Denver recently, the Suffa liti-
CATION was gone into at some length and
the inquiry resulted in the unanimous
adoption of the following resolutions:
Whereas, Dr. George A Suffs of Bos-
ton has brought certain suits against the
officers of this and other of the Big Five
companies, and against the companies, to
the end that their affairs be wound up,
their corporate franchises be forfeited,
and for the appointment of a receiver
over the companies, based upon certain
false and general charges of fraud against
Mr. Daniels as president and Mr. Merrill
as secretary OF the companies; and
Whereas, coming direct from the
stockholdrs of our prospective homes and
knowing their sentiment, we believe that
more than ninety-five per cent Of them
have full COZ iidence in and are in accord
with the management and are opposed 10
the action of DR.. Suffa; and
Whereas, having a complete know
ledge of the has ness affairs of these com
panies and Of the correspondence had
with DR.. Suffs. we believe that he is per-
sonally unfri-ndly TO these affairs and to
the best interests Of the companies, ard
that the bringing of these suits is not
prompted by desire for the general well
fare of the stock
Therefore. be it resolved.
II. That the action OF DR. Suffa in the
premises be and the same is hereby
strongly condemned.
~. That both Mr.. Daniels as presi ent
and Mr.. Merrill as secretary have our en-
tire confidence and support in their con
duct of the business of these companies,
and we believe their management to he
entirely honest and Trustworthy; and
-. That we urge them to take all
necessary steps to defend against these
suits along the lines already pushed by
them, and in so doing they may safely
rely upon our moral support.
"ORAN PERRY,
'.r. J POWELL.
y. {. COOPER.
COMMITTEE -
As will be seen this will be c IN
piete vindca,ion of the officers of the
sm all amount of satisfaction TO them no
matter what the outcome OF the cases that
are pending in court.
Secretary Merrill expresses no li'tle
satisfaction at the progress made at the
Central tunnel. The mud vein, that has
caused so much annoyance to Contractor
Knowles, has finally been passed and
this week the breast has penetrated a
splendid ore bodv at 1900 feet from the
portal, that carries good values. There
is difference of opinion as to Just VII at
this new find is and to whom it belongs
Thomas Coppard is of opinion that it is
the Great American which he owns
Secretary Merrill holds the view that it
is Big Five ground.
Plans for the new mill are all but com
pleted and it will be on the uni: system.
1t is daily becoming more and more a
necessity, as there are now upwards Of
thirty tons of ore coming out of the Gen.
trail tunnel daily and the various proper
ties along the line are preparing to COM
mence active work. Work on The Bryan
lode will commence shortly and this will
materially increase the tonnage, and the
great Shafter Is not a great distance
ahead of the drills. Once the mill is
provided for, Mr.. Merrill gives the assur-
ance that attention will be turned to the
company's mineral water holdings and
great improvements will be made. He
expressed himself as greatly pleased at
the evident friendly local feeling for the
company in this city and can assure US
that the confidence will not be misplsced.
the Big Five is having some elegant pic
lures of Idaho Springs and its surround
ings prepared for exhibition purposes at
the ST. Louis fair.
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