Idaho Springs siftings., 1904-03-05
suna and the Big Five.

siftingS Is this week IN receipt of let
ter from Secretary \. & Merrill. of the
Big rive company. enclosing President
Daniels numerous contentious in support
of the position Of the company in resist
ing Or. Sufa's efforts 10 wind up the al
fairs Of the corporation through the Office
Of q receiver Among o;her things Mr..
Merrill says
We appreciate the good things that
YOU have said for the Big Five. aud would
ike 10 thank every fricnd Of the associa-
ton a, Idaho SPRING. for his loyalty and
faith in the Big Five ana its officers and
managers.
The Big Five is fighting some very
vital points that every Newspaper and
person Interested in Colorado corpora
;ions oaght 10 be thoroughly informed
upon. and exett their Influence to see
that the right decision is reached.
The real facts about SIR. Saffa's con-
teniion against the Big Five companies
have been los, sight Of ard entirely *
no-cd by the publication Of a great deal
of sensational matter aud arguments to
prove that soilc Of his specific charges as
10 ihe value Of properties are erroneous
aud false The vital aspect OF The pfoposi
aeH IS that a s,Hgie stookhoI3er in Bos
tou. by staiug a number Of glittesing
generali,ies in the way OF an allegation.
and ~ithou, a specific charge. comes into
district court Of Colorado and asks the
court to dissolve a corporation, wind up
is affairs. Distribute It's assets aud Sp-
poiBt a receiver for that purpose.
The Edgs company is d good example
Of the dangers Of this proceedings.
livery citizen Of Idaho Springs Is very
familiar with the organization Of that
Company and knows that John Nc
Douough organized IT and the Kenariek
Promotion Company tiaaseed il, and that
the Big Five became interested in 1t only
through selling a portion Of the stock as
brokers. sad having the companies prop-
critics situated contiguous to other prop
critics OF The Big Five on the line of the
Central tunnel.
The Edgar company has no hnaeiai
connection with any other company OF
the Big Five. 1t has sIso.ooo worth Of
property aud Is carrying on the business
fos which j; wss Incorporated. and now
CORES a single steckhelder who has in
vested ai,oa, 500 IN the company and
proceeds to take the entire proposition
ont Of the hands Of the balance Of the
Owners. wind up is corporate existence
sHd sqnau1eF its assets
Tliis Is the question that every person
interested in a corporation In Colorado
shoal4 ask themselves. namely. IT such
thgags can * done. what safety Is there
for cur eorpotatioH or any ether in the
stztc'7
President Daniels consumes six type
written pages in answering Dr. Safa's
attack and 10 a isyfnen il looks as thoaeh
;he ground was fully covered. ]; will
lake more than the unsupported state
msnt OF minority stakeholder in the
company 10 convince Idaho Springs peo-
pie that tire officers Of the Big Five are
guilty OF aagraut violations of all preced-
ents in the management of their prop
critics. flF the evidence Is ever tsfo-e
them that every dollar expended here
haa been done % iuiioiaasiy that there
IS something 10 show fer il. Today the
work equals that OF any mining company
in the district and ranks away up at the
head Of The list Of the big propositions
II Is hoped that the courts viii clear mp
the matter so that il viii establish pre-
ee,iens that may be safely followed in
future BY ether mining companies. and
its a safe conclusion that II viii be
settled Tighl.