The Idaho Springs siftings-news., 1907-11-23
on GOLD LEAF AFFAIRS

kPUkJ W @uU htMRS
Compiled by Especial committee ap-
pointed At the request of the Financial
Bulletin in July 1907. a. the outcome
Of the indictment Of seven of the Off
cials of the Gold Leaf company by the
postal authorities Of the United States
on charge of conspiring to use the
United States mails with intent to de-
fraud.
ri The full name of the company
under investigation is the Gold Leaf
Consolidated Mines Company, incor-
porated October IL, 1906 under the
laws of the territory Of Arizona.
Principal Office of the company was at
1908 Broadway. Denver, Colo, with a
branch Office at Phoenix, Arizona, and
q mine Office At Idaho Springs, Colors.
do. The capitalization of the company
il S, ,OO0, 900 divided into 5000, 600
shares Of the par value of 81 each.
f2l Tho Gold Leaf Consolidated
Mines Company is the consolidation of
the following mining companies:
Gold Leaf Mining, Milling and
Drainage company.
Grass Roots Gold Mining company.
The Cole Leaf Ore Reduction company.
At the time of the consolidation the
following amounts of stock were is
sued to the stockholders of these COM
panies:
Grass Roots Gold Mining Company.
1885, 12O; Gold Leaf Ore Reduction
Company. 4.74O; Gold Leaf Mining.
Milling 4 Drainage Company, 9sl, $50;
Personal subscriptions of five direc-
tors, S; Treasury account, ALB, 7S3;
Total, 2, 506, 32s.
The balance amounting to 2, ,403, ,672
shares was placed to the credit of the
Gold Leaf Consolidated Mines Com
pany.
r3l The standing of the stock &C.
count on October "a, 1907, was as
follows.
PROMOTION STOCK.
Everett Bell, share; c. L. Cheney.
lO,0O1 shares; c. D. Campbell, 1920
shares; J. H. Manning, 4,20l shares;
F. D. Goodale. 5,OO1 shares; Mrs. J. j..
Hoban, 324, ,2S5 shares; J. Raymond
Hoban, 800 shares; J. J. Hoban, 500
shares; F. r. Messenger, 344, 1893 shares;
Total promotion stock, 723, 342; held by
purchasers. 2,527,ss1; In treasury,
l.746, TT; Grand Total, 5000, 900.
Since May 81st, 1000 shares have
been issued, leaving treasury balance
ri Az, 663 shares. Since May 31st,
promotion stock has been returned to
the treasury by J. F. Manning, amount
ing to 319, ia shares. This makes q
balance of 1,746, TT shares in the
treasury at the date of this report.
(4] PROPERTIES
(al The committee finds that the
company owns and holds by location
rights and occupancy, twenty-seven
mining claims, located in the Clear
Creek Mining district, Colorado.
[b] That the company does not own
the stamp mill which had been con-
tracted for from T. M. Egan in the
spring Of 1906. On June 20, 1906, an
option was given by Mr.. Egan, to the
Gold Leaf Company for the purchase Of
this mill for the sum of $1,000, to be
paid in installments of 81, 900 each, re-
spectively on the 2sth day Of December
1906, and the 2sth day Of June, 1907.
Both payments were defaulted and
Egan was released from the option,
but he has given his consent since to
turn over this milling plant upon the
payment Of the original amount agreed
upon,
Isl The total amount received from
the sale Of stock in all of the three
original: al.:companies to the Consolidated
company by the secretary treasurer
was ~, 456. 81. The total amount re-
cIeved from the sale Of ore and bullion
by the secretary-treasurer was $l,71s
n06. Out Of this latter amount the sum
of 81, 467 was paid to cash payment
stockholders IN the shape Of an alleged
dividend.