The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1909-10-07

quenty have hesitation in giving stockholders what nfor
nation have been able that they be the better
guided when they attend the meeting October H.
So far know there has been claim Of dscrep
ancy books nevertheless it cannot hurt have them audit
expert accountant We would however point out that the
time have such audit made is at the annual meeting when
the books liable change newly elected officer And if
the stockholders minded might not be out Of place
vide for regular annual audit at the time of the stockholders
yearly meeting Of course the books of the
stockholders all times during business hours and properly
kept easily checked that stockholders have little
to fear from this source in any company
With the development of property physically however there
for errorand is the present OF
the E. NJ has come in for criticism The Miner
has made enquiry into conditions the mine and after
sutng of the workings free that it believes this
criticism usfabe According information the work
originally outlined checked by two engineering firms
whose recommendations not followed appears from the
map the work is less experimental and not designed
depth the body exposed the workings This
error has made only but twice. In the No i tunnel
showing made The No. tunnel started to get under
this showing but for nexpcabe stopped within 30
40 feet of the objective point The No. tunnel designed
strike the ledge under point where the high grade
exposed No. tunnel This tunnel driven straight for that
point distance of 2 feet within LIS feet of the objective
point when detected south angle of about degrees
and carried feet The stockholders will naturally demand
explanation Of this If done the advice of known
and reliable engineer that would be sufficient but understand
ing is that the engineering firms which examined the proper
y recommended continuing the work originally laid out
The deplorable part of the letter the insnuaton
against the former management Changes sometimes made
mine management for the better and sometimes not Occas
ona stockholders realize they have made mistake changing
and correct that Sometimes people, not properly qualified
handle property by get hold of the management
and do rreparabe injury but the stockholders awake day
and GUST them There is always day of accounting.
Summing up the conditions of the H. E. M compny feel
inclined express the opinion that if the managers and contrac
tors the company receive much remuneration dn
lite sum for finding ore stockholders losing any money
by the foot would that the stockholders have the right
to demand restitution if the companys engineers have made
concentrations have been ignored after being paid for
of the company's funds
One the present management has cast
Elections the former management Under the former
ment the stock in very bad times selling around Is cents
Since them with several thousand dollars expended develop
ment and with gradual improvement in financial conditions the
stock has declined approximately onehrd of that price We
feel that allowing for the secretays mastery literary effort
stockholders would be better satisfied under other conditions