The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-08-15
BRACk|NG's DOPE
Copy Of Letter to q Pennsylvania
Investor
BOTH BOOSTS AO KNOCKS
But Boosts Are All For His Own Prom.
critics and the Knocks for Those
Of Everybody Else

Of Everybody Else
The following letter from the
Bracking-Ebbley company to a Penn.
sylvania investor has Just been for.
warded to US with request for pub.
LEGATION. 1t calls for no comment as
Its sole purpose was so evidently tO
boost stocks at that time controlled
by the writer and knock all the others
that were inquired about:
, Replying to your favor of the
18th inst. we beg to advise that we
have also received your favor of the
18th inst. and that the same must
have been delayed in transit as we
have just received it. Regarding
the Phoenix. we beg to advise that
the treasury stock of this company
was handled largely In Butte and
Helena. Montana, and large amounts
OF 1t sold and the price advanced to
30 cents per share, but on account
OF the Butte people buying so heavily
In the copper stocks which later
experienced such an awful slump in
price. tying up their funds indefinite
ly. 1t became almost impossible for
the Phoenix company to market
enough OF its stocks at 80 cents per
share to keep up the development
and equipment Of the property as
planned by the management, and the
board OF directors thought 1t advis-
able to reduce the price to 20 cents
and ordered $4,000 shares to be sold
at that figure. This stock Is now on
the market and being offered by us.
Does Not Trust Strobe.
Regarding Reindeer and our advice
that you let 1t alone, the fact is that
we are not yet convinced that Mr.,
Strobe has sold out his holdings 1t
Is our opinion that he has simply
transferred his holdings for the pur-
pose Of hood wlnking the pubnc. This
is the reason we advise you to let 1t
alone.
Laclede Management Bad.
In your letter of the 18th inst. you
mention having received letter from
us saying we would not sell a share
OF our Laclede for less than Is cents
per share. The letter was written no
doubt at time when conditions were
entirely different from what they are
now. The company was not involved
In a law suit. had large amount of
stock in the treasury. and work was
going on in good shape, and when
we recommended 1t to you to sell
your stock If you could get your
money out we meant it for your own
good. 1t Is our policy to save our
clients and the public from just such
operations as are being carried on
by the present promoters of the Lac
lede Mining Co. If you do not take
our advice in this matter we cannot
help It.
Knock for Nate Wittner.
You ask about August Matt being
connected with Nate Wittner in the
O. K. deal. and we beg to advise that
he undoubtedly is, as the deal could
not be put through without Mats as
sistance. There is proposition on
to take over the control of the prop
erty on the basis of ten cents per
share ON an option proposition, but
as yet We have been unable to learn
just who the interested parties are,
but we believe that Nate Wittner Is
connected with 1t. II he is we will
have nothing to do with 1t.
Boost for Phoenix.
Now again regarding the Phoenix.
Work is progressing with most salts
factory results on this property and
we believe that 1t is going to make
one Of the big mines of the district.
We can furnish 1000 at Is cents per
share.
Tarbox Gets a Rap.
Now in regard to Tarbox., your
information that there is 100000
worth OF ore In sight at the 5vO-foot
level is erroneous. 1t is true, how
ever, that they have quite a heavy
body Of low-grade ore, but 1t will
cost all 1t is worth, IL not more, to
save it. Reliable mining engineers
do not think much Of Tarbox.
Federal After North Franklin.
Regarding North Franklin, work
is going on under our personal man
agement and we are doing every
thing that can be done to make a
mine of It. The Morning No. 6 tun-
mel Is now within 100 feet of our
side line and could be extended on
across the entire width of the North .
Franklin ground, which Is 1900 feet,
and In this distance three known ore