Bisbee daily review., 1906-12-09
N|PP|SS|MG TITLE. 1 BELIEVED ID BE GOOD
William Nelson Cromwell Was
 Responsible For the Break
 Between the Nipissing h. terests and Guggenheims.--

Bostop--w William Nelson Cromwell, counsel for Captain DeLamar, K. c. Converse, Ambrose Mcneil. and E. P. Earle was responsible for the break between the Npissing interests and the Guggenheims. He claimed that should there be an extension of the option it would place a cloud on the title to the property.
 When the Nipissing property was purchased, David Fasken, one of the leading attorneys of Toronto, was eu- ployed to secure proper titles. He secured crown patents, guaranteed by certificates of the Ontario government, under the Torrens Land and Certificate Act, and the leading attorneys of Car ada say that titles secured under this act are unassaiiabie. 1r ifs
 In order. however. that all questions of title may be removed. counsel for the Npissing company have succeeded in getting the Toronto cabinet to con sider the subject. and special meet ing of that cabinet will be held iu To ronto today.
 Title to Cobalt mines are as safeiy held by residents of the United Staies as by Canadians, and if a government patent or title Is issued, it cannot be disputed in any court, and the govern ment cannot change any such title, once tssued, except by act of parlia- ment, which in turn must have the ap. proval of the governor general
 UoA ter Beatey went to Cobalt last week to make preparations for the Guggen. helm management of the property Mir. Hammond wired the Guggenneims last week to secure a delay h the second payment because of rumors ne heard in Cobalt as to the question ot title, which he desired investigated He likewise reported that property conditions were more promising than ever.
 That the Cuggenheim interests had every intention of making their sec ond payment is apparent from the fact that they sent to subscribers only q few days ago proper blanks 10 cover the second payment.
 The directors of the Nipissing com pany are capable of protecting the vested interests in it's shares. IL is estimated that the combine1 wealth of Captain DeLamar, E. c. Converse E. P. Earle, Joseph Wharton. R. NJ Thompson, Ambrose Mcneil and Will jam B. Thompson is over $100,e0o .000 These interests will continue fo oper ate the property, as in the past Cap tain vloT fc 1f l-a issing Mining company, the operating company, and E. P Earle is president of the Nipissing Mines company, the holding company.
 The directors are we'll satisfied witt their investment in the property, anC believe that when the present marke scare has passed the stock will agaiI seek the level ruling before the Gu5 genheims became interested namiy around s25 pr share
 The company is now earning ;n th. neighborhood of $500,00O net pc month, and the directors will meet thi month and declare a dividend of a least 50 cents per share. IL is not in probable that when the company's t ties have been passed upon by th, Ontario government, the Guggenheim win again become intsrested in tn company.
 Ifgthere sfs a flaw in the Nipissini title it s.claimed there IS pc< clea tflsin the entire Cobalt camp. Tn people who appear to be most dis turbed over the situation are thos who are promoting other Cobalt pro1 critics