The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-07-25
ORE SHOOT IS IN SUCCESS
Alameda Management Suppresses News
10 Sell Stock---Biggest Swindle Yet

one has bunded In fact several people have bunded
nciaang the Miner but the has last been discovered
tough not until had good money
Every bit o ore that the Alameda company working on and
claiming proves to be in Success ground and far within
require of work for the socaea Alameda drift o
pass out Of Success ground.
The Miner wishes could have had information earlier for the
benefit Of its readers but had such implicit sup Ole
n Inns Judgment that doubted his assertion made all
honesty three months that the body which the Alameda
company then working drift subsequently in an upase
was 20 feet beyond the Success side Alameda ground Mr.
Linn error was due to the cokedness of the workings which
everybody who traverses them lose their bearings fact that
he trusted his bump locality hiring an engineer to make
survey His error has him many thousand dollars because he
was great believer Alameda and heavy buyer the stock up till
the day ne discovered his mistake pity he did
he pooc the truth at that time in correction his
Success Gains Third in Value ].
What loses another gains The survey Of the Success
Alameda property by three engineers independently has
that the ore shoot which Alameda stock appraised be worth
~ cents share belongs wholly adds lust much
the value Of that mine H. samue president and chief
the Success certainly lucky He verge of buying
the control OF the Alameda to the shoot which turns out
belonged to him all the time be safely that the Success
worth third more today than its valued ago.
Alameda left in pretty bad shape do at least 225 feet
OF WORK IN continuation OF the Success No level reach
ground Its prospects Of getting shoot then however, very
good the work in the old Alameda proved up some nice
looking gaena Its stock therefore far from being worthless
How Shareholders Were Jobbed
The Miner said its last issue that if an Alameda share
holder would know being jobbed That statement was correct
tnough not IN the meant it, Mayo, Sachs
from their shareholders AMI the investing public information thew
had gained regarding the location the were taking
advantage of this knowledge dump their to the tune of
$4,000 day while pretending decline was wholly due to
short selling by Spokane brokers.
any shareholders who would otherwise sold held their
stock on the Miners advice deeply the lob that
was put up on them occurred possibility That the ore
bodies they working did belong the Alameda never en- tered
our head for minute.
Mayo, Sachs & Co. to Blame
right +o A1.,
which they had repeatedly represented shoot Of shipping
after they found out that the body not belong the
Alameda and we OF the opinion that those they shares to
the slump in Alameda stock began money they paid in
suit law In view Of the they consped to withhold inoma
ton from the public might easily be that they be imprisoned in
the penientay for obtaining under false preses or for con-
spacy. !.
In last Fridays Spokesman Review E. L. Mayo Of ayo Sachs &
Co.. quoted as follows the Of about Aamd
The raise has now been driven SO feet and while we will not do
any more work on this for the present. expect carry the
upper level, distance Of about 281 feet
that s not Misrepresentation borders very closely on it as
that time and for days previously Mr. MAYO knew that
the upraise in the shoot not in Alameda ground
Nm" sHNsAllON which we already they are
clearly guilty Of deception ore