Los Angeles herald., 1910-02-11
GOLDFIELD CON.
CALLS MEETING
MAY DECLARE DIVIDEND OF SO
PER CENT
STOCKHOLDERS OF MAYFLOWER
VOTE ElsEN DOWN
peposed President of Rhyollte Conn.,
pany Insists Upon Large Cash
Payment to Withhold Fore-
closure of Judgment

GOLDFIELD, Feb. 10.-The next
quarterly meeting of the board of di-
rectors of the Goldfeld Consolidated
Mines company will be held at the
Waldorf-Astoria in New York city
Thursday, February "a. Every MEM
ber of the board will probably be pres
ent, as all of the western members
have decided to make the trip. Espe-
cial interest is centered in this meet
ing, as it will decide the size of the
next dividend, and there is much spec
ulation on the part of the public as TO
whether it will be at the rate OF 30
cents a share or will be increased to
so cents, which was the rate of the
last disbursement, including the extra
20 cents. A. H. Howe, Secretary and
treasurer of the company, will leave
Goldfeld February IS, and will prob
ably be Joined by Messrs. Wingheld,
Mackenzie and Ralston at Reno.
Eisen Loses Control
A. C. Eisen and his board of direc-
tors lost control of the Mayflower
Mines company at the special meeting
of stockholders in Rhyolite, which had
been called to adjust the internal diff
ferences in the company, and new
board of directors and officials were
selected. The mine and mill We're
leased for period of four years to a
syndicate of the majority stockhold-
ers, the Mayflower company to receive
30 per cent of the profits. Plans We're
also instituted for paying off the in
debtedness of the company TO Elsen'
who holds a judgment for $4,000 for
funds advanced to build the fifteen
stamp mill and for other purposes.
The property is now in the hands
of the leasing syndicate, and the mill
has closed down for four months to
give time for further mine development
OF the new directors, five live In
the Bullfrog district, one in Los An
geles and one in British Columbia
There were 100000 shares represented
in person or by proxy at the meeting.
Mr.. Eisen did not attend the meeting,
but was represented by Attorney Ches-
ter A. Lyman of Goldfield, who voted
$500 shares in Eisen's name.
Lyman PresIdes
Mr.. LYMAN was selected to preside at
the meeting, which elected the follow
ing directors to succeed Mr.. Eisen and
his associate directors, who had ten
dered their designations:
Charles r. Dunbar of British Colum-
bit, Henry Laub of Los Angeles, E. 5.
Drury, f. H. Stickney, c. f. Ryan, L..
p. Kimball and ]. Lemle Of Rhyolite.
Mr.. Dunbar was elected president, Mr..
Ryan secretary dilu NIL DtlShlAOy
treasurer. The First National bank
of Rhyolite was designated as stock
depository and transfer office, instead
of the Mercantile Trust company Of
San Francisco.
The Mayfiower Leasing company,
headed by Mr.. Dunbar, assumes all
indebtedness, and will pay 80 per cent
of its net profits as royalty to the May
flower company. Twenty-Five per cent
of the first profits will be paid into
the treasury of the parent company
and % per cent will be applied on in
debtedness. When the debts are paid
the full 90 per cent will be turned into
the treasury of the mining company.
Eisen Exacts Payment
Attorney Lyman, in behalf of Mr..
Eisen, notified that If his client is paid
20 per cent or little over $4,000 in
cash on his claim against the COM
pany a reasonable time would be given
to the company to pay the balance, but
If the 90 per cent in cash is not forth
coming Mr.. Eiser will foreelose on his
judgment
The leasing company, Nevada cor
poration, is organized with 100000
shares of a par value of 81, and a
block of 10000 shares will be offered
first to Mayflower stockholders pro
rata at par until March 1.