The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-08-08
THEIR SIDE Of THE STORY
Mayo, Sachs & Co. Resent Criticism.
Alameda Incident Explained

HE following circular letter issued by Mayo, Sachs CO.
Butte under date of Aug B. relative Alameda se-expan
atory 1t appears be candid indicates that
Miners criticism OF that firms conduct perhaps hay and
what unfair
Owing the fact editor Of weekly paper published
IN Wallace ldaho has tit to print grossly malicious and fa
statement regarding Alameda and with that
owe TO ourselves well the public that make full
the facts.
Our connection with this began October 2h 1906
when we secured option the controlling after having had
the property examined by three different mining engineers.
Under the terms of the agreement payments
were be made at stated intervals
payments made.
Being thoroughly with the belief that the property gave
great promise developing into big producer and finding that the
treau was entirely with the exception "a 600
u stock tor which there absolutely market owing the
that the property had been allowed lie idle considerable me
we first arranged with the Success company for year their
No. tunnel for stipulated monthly rental and then advanced the
drive this into ground super
vision of this work placed the hands Of Mr. Linn super
ntendent Of the Success who addition being heavy stockhoder
in Alameda was generally conceded being mining much
perience.
AT that time generally believed that something less than 200
feet separated from Alameda ground this tunnel but owing
fact that the Success unable
drills during the early months Of the progress necessarily
much slower than we anticipated and until the part
March Of the that notified by Mr.
graph and mail that in Alameda ground and that body
had been encountered
During the following month kilograms letters were re-
cevd by from him in which he described the progress the
80 feet for the determining its width
found to be 80 feet An upase then decided upon
That both Mr. Linn and Mr. Samue believed the Ala
media ground that time evidenced secure
from the controlling the basis of rs per
after several Butte by him papers finally signed giving
him option 1000 shares of the stock for specified period
dtonal upon his doing certain things These conditions
Immediately violated by him and later the declared null
and void
Shortly after the signing of the heavy selling reported
in Alameda the Spokane and Wallace markets rumor was
persistent in assocang the Mr. Linn with sales no
significance attached to it, other than effort beat the price
down below 2 cents few days later advised by
he compelled and that had better arrange
else take chaage arranged with
his brother carry the work Mr. called east
this time Pending these gentlemen commenced
uprase in the body and had carried 50 feet when
three weeks the recipients Of letter from Spokane
correspondent in which he stated that there
that which eled Alameda ground been found
to be within the Success lines ordered by
which confirmed this survey made
There only difference Of two feet in the measurements
showed that all the work had been done Success ground and had
lost about months time and several hundred dollars developing
body Mr. Mayo Wallace when survey was COM
ped and he let additional Of
tunnel telegram received from Wallace yesterday that
this tunnel then AZ feet in Alameda ground and being
rapidly possible This contract will be completed about Aug
will bring the face of the drift 80 feet within ground
will be driven north south intercept veins
which known exist by developments in Alameda tunnel No.
300 feet above the workings and again g.
below and $50 feet in Alameda ground that COM
merca will be encountered within less than 60 days.
have added two claims the companys holdings
have secured which tunnel 900 feet
long will afford us a depth Of 800 feet
While keeny disappointed the results of the
still confident Of the ultimate Alameda
evidenced by the fact that Aug payment
option the controlling interest," amounting
when could have allowed to lapse without suffering any
financial loss whatever.
In connection with this affair wish that that the
was having surveyed body was cut
for this technically to blame relied too much upon the
integrity and Judgment Of Mr. Linn, vigorously eue any
charge OF deliberate misrepresentation
Aside from the publication referred above, been
informed that business have cndeavod make
capital mistake and with others
share Of Alameda stock have been induouy crtng both the
property and ourselves We only infer that they have
formed the condition Of affairs and letter will