The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-08-13
A Vicious Attack.

The article published in the Mining
Age and which demanded the atteb-
tion of Mr.. Patrick. who has been
most conscientious and painstaking in
his endeavor to put the Black Butte
upon a solid footing and to save this
really valuable property for the stock
holders, is as follows:
"Local stockholders, who after a
great deal of persuasion decided to par
take of the reorganization which the
Diamondfeld Black Butte Co., has had
in contemplation for some time, are
now up in arms against the deal they
received by the Patrick crowd at Gold
field, who in their recent action nave
certainly shown their hand in the mat
ter. A New Jersey stakeholder, who
has large holdings in the old Diamond
field Black Butte Co, has not been
afraid to tell his tale of woe, and
states how he has been treated in the
reorganization.
Unfortunately for myself and a
good many easterners,' says the sub
scriber, we sent our proxies to Patrick,
who has surely shown his hand in the
latest development of this unfortu-
nate company. The plan, as you know,
was to exchange old stock for new
shares by paying l cent a share. Pat
rick, it is alleged, had the nerve to try
and attempt to exchange his old hold
ings for new stock without paying the
] cent a share (try to fully under
stand this), he just tried to bluff the
Trust Co., at Goldfeld and get his new
stock without paying, while all of us
had to put up our 'ante.' Mr.. Man
ming of the Trust Co. fortunately re-
fused to let him have it and Patrick
became angry and went so far as u
try and have Manning put out of the
Trust Co.. But he failed in this, as Mr..
Manning is considert' : very efficient
and business like man.
!" Patrick never stopped here, how
ever, but wrote to all stockholders and
asked them for their proxies Ito think
that ! fell for him), he got proxies for
about 100000 shares to represent at a
special meeting. The officers of a trust
company are not allowed tn solicit
proxies, though a great many sent
theirs to Mr.. Manning. Mckay n
other at Goldfeld joined with Mr.. Man
ming and voted against Patrick.
Tied Trust Co. IS Hands
The trust Co. at Goldfeld elected
three directors-E. A. Byler, United
States Deputy Mineral Surveyor, pres
ident, J. g. Mckay, and vice-presi
dent b. Gill. Secretary Patrick elected
himself and Clapp, his hired man, direc-
tors. Mr.. Patrick has brought suit to
set aside the election and the Trust
Co. directors may not fight him, as they
do not think it worth while. If the
court sets the election aside and orders
a new election, then everyone will nave
to help the Trust Co. in e~lecting new
directors.
I" Patrick should certainly b. sub
dued, and it it in the interest of every
stakeholder to vote against him and
it has been shown that he is trying to
protect his own holdings at the TX
pense of others. This evasion, I think,
is manifestly unfair. He went so far
as to go Nto the meeting, it is alleged,
and asked to be elected, when he was
not even a stakeholder, as the time had
gone by to take up his new stock. Nat
urally, as he wanted the stock without
paying for it, he was turned down.
They agreed to let him have it if he
paid for it. He then paid for it and got
his stock for himself and his protege.
Stockholders Must Decide
/" Mr.. Manning of the Trust Co.
and Mr.. Byler are active business men
in Goldfeld, and if they are elected to
the board, will do all that can be done
to make the Black Butte mine a sue
cess if that step is possible.
, eft is feared that if Patrick wins,
he will try out some deal sooner or
; later as he has apparently given evil
lence of it in his recent actions
ARRIVALS ST. NICHOLAS HOTEL.
d. w. MERCER, Valdez; r. j. Went
worth, Los Angeles; Frank Meredith,
Denver; Harry G. Emerson, Tonopah;
Robert Franklin, Reno; r. s. Summer