Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1911-04-14

NOiuhSlu' NV, Aplll II, I0L1'
To Stockholders of Round Mountain
Mining Company:
Gentlemen: l am today in re.
ceipt of a circular letter addressed
to the stockholders of the Round
Mountain Mining company, dated
April 5th, and signed by ]. P.
Sweeney. In view of the fact that
he requested, and was given, list
of the stockholders of your COM
pany, l take it for granted that
he has forwarded to you a copy
of this circular. 1t is not my
intention at this time to make
general reply to the statements
contained in this circular letter, but
as the stockholders have not been
advised of mine conditions since
my last report of April 1, 1910,
and believing that they should be
protected against loss through a
misrepresentation of facts by a
man who is not familiar with the
mine conditions, l herewith sub
nit the following brief statement:
1t is not necessary to tell the
old stockholders of the Round
Mountain Mining company of who
this man Sweeney is, and of his
attitude toward the company, as
they are familiar with the fact that
two years ago he made an abOrtive
attempt to secure control of a ma
jority of the proxies, and the man
agement of the company; but there
are several hundred new stOckhold-
ers who do not know him, and of
him. For their information, it may
be said that at one time more than
two years ago, Mr.. Sweeney was
director, and one of the heaviest
stockholders of the company, and
as stated above, made an effort tC
secure control of the annual meet
ing in the year 1909. In this eff
fort, he failed most miserably, ant
was voted off the board of direc
tors, and since that time he ha'
done everything in his power tt
discredit the Round Mountain Min
ing company and its management.
Having been the president AM
manager of the Round Mountain
Mining company since its organi
cation in March 1906, with tn
exception of a few months durin
the year 1908, | have been, an
AN now. responsible to the share
holders for the proper developmen
and equipment of your company
property; and have made annual re
ports to the stockholders, giving t
them, to the best of my ability, tn
exact physical condition of tn
mine, and financial condition of tn
company. These reports containe
straight statement of facts Thel
has never been at any time an
misrepresentation or eXaggeratiol
Mr. Sweeney has quoted from
number of letters sent out fro
brokerage firms, and extracts fro
newspaper articles. | am not, an
never have been responsible #
these reports, or any reports 9th,
than those appearing over my si
nature
My annual report for the vel
1901 will be submitted to Il
stockholders on April 18th, and
will show that the company is
better financial condition, and tn
the mines are in better physic
condition than they have ever be-
during the life of the company. {
February 2Sth, the end of our fl
cal year, We had a cash balance
the bank and bullion in transit
$60,S3S.42, and we had develop
and blocked out at that time o
reserves of 111,92S tons. | ha
closed contracts for machinery viii
will increase the capacity of o
mill at least so tons per day. I'll
machinery is now being shippe
and will be installed and runni
within sixty days This will
crease the earning power of t