The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-15
PENCIL WAR Is
ON IN NEVADA
Round Mountain People Being
BOmbarded With Letters
Pro and Con.
PRESIDENT DAVIS
ISSUES REPORT
Denies the Allegations in the
Sweeney Statement to the
Shareholders.

Stockholders of the Round Mountain
Mining company are being entertained pl
a passage AT arms between President j
r. Davis and j. p. Sweeney. Davis has
issued a statement under date OF Apr
H. calling attention to the fact that nc
had received and expects that all stock
holders have received communication
from Sweeney which contains things
about the property and management not
entirely TO the satisfaction OF the said
management After taking an uppercut
at Sweeney in the statement. Davis then
continues as follows
Having been the president and man
aEer OF the Round Mountain Mining com
rany since its organization in March
1876. with the exception OF a few months
during thc year 1905, | have been, and
am now. responsible 10 the shareholders
for the proper development and equip
ment OF YOUR company's property; anu
have made annual reports to the stock
holders. giving TO them, 10 the best OF
my ability. the exact physical condition
OF the mine and the financial condition of
the company. These reports contained n
straight statement OF facts. There has
never been at any time any misreprosen-
;atlon ar exaggeration. Mr. Sweeney has
quoted from n number OF letters sent out
from brokerage firms and extracts from
newspaper article. ! am not and never
have been responsible for these reports
nr any reports other than those appear
Ing over my signature.
Condition Of Company.
''My annual report for the year 1901
viii be submitted to the stockholders on
April Il. and IL will shoa that the COM
panv Is in better financial condition. and
,hsi the mines are In better physical con-
dillon than they have ever been during
The life OF the company. on February
?S, tho end of our fiscal year. we had
"ssh balance N The bank and bullion in
transit of 500 S3S ~ and VIC had de-
rcloped and blocked out at thai time ore
reserves OF l.92S tons I have closed
contracts for machinery which will In
crease the capacity Of our mill at least
90 tons per day. Tnis machinery Is now
he 'ng shipped. and Will be installed and
running within sixty days. This viii in
crease the earning power of the company
2pproNinla civ one third.
Il do not think il necessary to go FUR
ther as TO conditions at the mine at this
tln1e. al this viii be covered in my
rerort which Viii come out in few
dcys
Il directed tho first work that was
ever done on company account AZ Round
Mountain, and have watched the develop
ucnt of the property closely and care
fgl!y, and am willing Ia take the re-
snonsibility of saving 10 tho stockholders
that thei~ property is in better condition
now than il has eyer been and OF greater
value.
'There is only one other point in the
Sweeney circular letter that ] Will touch
upon al this time: He SAYS In this let
ter, J advise them now 10 sell their stock
as soon as possible, TO get out of the
Round Mountain Mining company. and to
stay out of II. especially as long IS IL is un-
der the present management The stock
holders are Of course free 10 do they
see FIT concerning either the purchase of
stock or sale OF their holdings. / simply
want 10 put before YOU the actual con-
dij,on OF the company and its property"