The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-07-27
PHILADELPHIA NEWS LETTER
SPECIAL CORRESPONDENCE


rnnaaslpnla July ss-rhs tight against job Brock m his. amusement o
the opposition appearing in the open You correspondent cannot see o they !.
n f.ss Il i would would look as Il certain dissatisfied sharshoiasls n members Of .n
eo%%ai':'sn,ns his. arm { ii up things = i { should happen mat s. s.sv:,
J. aa $ sMecor SS = Co. ." rossr issued a letter to soehhGdsrs in which, the dselar
"'' 4 z: circulate rss,.s' a s'i isns. :ss , s !, . : :;:'.% a II; ;s s% "s ss% ssa s%sa,: :%s Vi = ?
Ssss%:as T. enough ss.: .ss. pledge, pledged to- {, carr ar: - u, ,s ;,sI plans I. v .s,sa . s ..aa ,ssg ss
ihs his Resignation ssisnnaa,aioon which If declined. win neoesstats the Ealing Of a special meetn.
sa iA Or; &c q at ss1ss ass; 2 9 sss Ts:., sa 3 s!s sss's { !, : : also ! = inmate \
%s, '% they n Sasoas,sais !. their way !. presidents BROCK XVI. wa1 resign s.%, how y
Rushton of the Fourth street National Bank, nc snhoash not Oniany connss,s
With the II sross proposition. /. are also Mss.r. weeaads n Turner !.
.n.,: 4 .ss:%ss. t 70 s sss1sns % s'~ : a.y ss ssss s:v: ;"ss.ssss sass: ]: ; past v.
It i. o deemed likely that President Brock win resign vhsn ,ssuss.sa and s hi
guiding spirits of this enterprise "a achieved. makes it veryd doubtful even
ave- been mad made occasionally by Brock n his elose associates ut n TonoDa
holders. that it seems entirely unlikely hat n cal to them would be answers
until March # net rear. during which interim there ian be n Q question n doue
now paying bigger dividends han ever nd he stock selling at higher Drios't thai
-. .,,.,.. AGAINST, ; s,s.ss., aa so.s. n s1 II. .. associates. hal. vo..s no rYr
from ssas, m sSmDs1, css .no, Sc x ,%.l ave I'VE be ?. a Wss, d., ps,ns,Dsny s. ssssas
c. A Hsbee NJ the directors have been interviewed. however N defsn
to rs%sn h s% position s%a s sonorroo~~~ srs it not for his friends he are interested wit
s%a r .~ i' ssrsI p aio i hna. SCI ss to Be l Ssss% ut {" aaasr criticism -.
troversy Turing the past week.. tn following copy from tn sheets OF III Phn'de
The interests opposing Mr. Brock have yet to I prove their he Tm as,sI,
s s@s haoaaa ms It is lutte possible tha MI BROCK : n present,
board a conducted III property as well IS would any other sci OF
there .@s positively os a@p . present plans to merge any h somDan,s.
into the Tonopah of Nevada m that an sch plans would not De
considered a.s by II, te cs ser1a n 4 s q " Or m sss 70 ,n sssn e ' nm 1T ~as
r wss Ss1p'i is can "s a Isn b said % sa tshersh have beer. am are n plans
10 ell a oonronns interest to the American Smelling g Refining
>, MORE Mr C C : a m ase s e .ssSess ssIem nna a TO tss sns ss ' that # %s as an = t%e.
he Suna sh hat the neOpsr0n IN m mhmsits Sess th aAs same q privilege Of
as ' remerates this statement today and say tha there is nothing of
tn f T is 1 possrbe shat much # thu criticism of Mr. Brock is untust
HI Hsv ma wn h,v ,n ss sSs fsh p9o of s"asnsn #. sv Dms n a%S p prove aav wr osI but ut
utl proven otherwise m his MIS- faith att n to d shs kh mo = mon thou of a n "ear s
it may be that stockholders knowing the great worth of their
property have been too impatient at the int taken for it's develop
men" DIVIDEND CUT EXPLAINED
RI sustt R. IF s.s sas fu Ts sssD Simssn ssto ws:' ss sI ss is w si' so as a
few c f sss,,v wsnn h sD , aat ssa s ma eem npsas was AS t $4,000 20 sSor rss i. nFs III
receipts .Ss +, for that ssa, ss,.s NJ sas n os spssasa n' IN high This s as o. caused fused
etc e su' extra. sns oGs ss%a decided sssa, t' tS Ssf's ii eo sSs rsaany 70 b D mas s% "p I'M TIL he
succeeding auastsr h s, Guar am.s snrh In tb m om ao m% sn u% nS st
when the board met in the asst week week of ,n d 1t was a fo1n % that sm with
houss supplies purchased has eaoi in av, to sd to foT msmar ta %s th ras eTra
. PEI cent ante ais ssvs1al r onss c"nfer "a noes the s poarGa adjourned ns untn the
following morning when it was hna ally unanimously ust snra determine to pay
" PHI This Is@ action an eaussds m bitterness If feeling among certain in
There ar r@a ALSO said to be other Old soresw hicha are helping to forward
NSheass t wa stated : III s rans ss%1ss News Jews, g Bur an sons
t se,aasld a RI m c Sensa. thu ssd sa ns p aasums a d is ssm u Is IS '1 ss ms ns n e e
reasons. The fac is that the railroad paid in hi past year 80 per
1t II is frankly admitted that Mr. Brock is 10 "a practical mining
man He is !, az m STsnn i". m "a "a Sst ssDer @1 in t bes eoun mps yra anal
A Keith. and in charge rye. II the milling se ne s,e of the su best best s mn dna that hat
specialists. A combination business man. miner and milling expert
s s a s9''s Mr. Be n sess''s a. ssh s@' by '' 'ss sis ssa'' es ssss' Of .sn r known
terests of the stockholders as far Is his judgment could 10 So
TuBTHE1 DEvEL0P1CENT ExFECTED
The foregoing is evtenuy from interests friendly to President BROCK
an ahe answer to the git of Inc various contentious of the opposing Interest,"
Further Developments may De expected any hour, although the warning ntees
have beer resting quietly since Wednesday last
Ii view of the charge of mismanagement made against the controlling spirit
in this nterprke a short resume of he past arnngs ant present condition
IN propert may b of interest.
which The sen nssss' f n aiasss-s ss@1 %Hs. o '.. %s' al = ,s 'ss 1 Ssss !. !. 's,sss :" Of $ sta :
and 81 O73 200 of 6 per cent ond of he stock 100000 is 7 per cent preferre
Two extra dividends have been paid to bothc comma n preferred stockholders
the preferred also getting I per lent regularly. The railroad Tasty eare earned
net surplus of $376594
of til as T nan gsasn e a assss sF f sn v isen' . as'G BE- s' IS mites s' i% sis sss ' DEAL s% ss a,s's
guarantee the bonds. principal n interest and to receive exchange 81 per Ger
n thu Buufroe& GoldheId r capital stock. Large shareholders of the Tone
all & Goldhed r r. objected, however. n took he matter to court where a d.
lcison is still pending
All the funds put int railroads b " the Tonopah Mining company hav bee
secured from the mine besides which the company has paid $29S4O00 in dividend
md retired 100000 of preferred stock n in addition has paid about 100000
toward h cost of thu new ill. Figured roughly Tonopah has earned abou
1900 1000 net during thu past six years
John Hays Hammond once eSimatedt tina tn mne had $50 100000 of ore
sight at the raed developments have progressed the past six years. since the In
oornoratfon of tn mpan he mme should last for thirty years at least
The stock is now selling around s1s which, is a ridiculous figure for he stool
as can easily De deducted when one considers that the Tonopah r r as a ne
line was worth s5oOoOo0 AM that s1OO0OOOO would not buy it low. adj to ti
thu mills n other plants OF the company n the present market value of tn
stock s in sight without taking int consideration al all h property itself