The Calumet news., 1912-09-28
MOHAWK, EARNING $40 Per SHARE AND WITH
BIG SURPLUS, is IN AN ENvIABLE POSITION
Continued From Page -Four.


several mining companies with which Dow was con,
nected
This is the climax to the big speculative movement in
the drill issues that was in fun swing in the year
1910 As warned readers at that time the prices
'en being paid were not legitimate purely manipulate
ed The past weeks happenings proven OF
H'Se words for undoubtedly s r. Dow eompanys prin
'p reason for failure caused by supporting these
issues and putting market price them away above
their real value record prices for these issues were
as follows: Indiana S44ai, North Lake S257s Agomah
sag, Corbin Copper sl2A.
r. M Edwards of Houghton is at present in Boston
deavorng to untanee the companies which
he succeeded Dow President win stay charge
as long as the stockholders desire
In Franklin acting President Edwards states
that the Indebtedness to about S29OOOO against
which stand notes of s. r. Dow & Co. for $4,000. This
Indebtedness is very much a surprise while has
been generally they regular production with
a debt it was never would run up this
amount Previous the called Wednesday.
payable oct H. 1912, the Franklin
81 in Feb 1871, and that time thought this
amount would place the property self-sustaining
basis
However regardless this little episode. tho
physical condition the property was never
shape and help feel they should be
ing big present metal conditions
Indiana likewise received black eye, it materiazing
after investigation. according Edwards, that firm
of Dow Co, borrowers from this company to the
extent of $4,000 leaving them without cash. though they
only months expenses at the mine.
ment Of 81 called payable Oct 18th provide funds
to carry the previously planned The shaft is
down depth of 100 leaving 800 to sink
before encounterng the rich shown in No :
lral hole
North Iake-While positive statements have been
made, might be construed from President Edwards
remarks that North Lake assisted materially in financing
:. r Dow Co, and likewise is in bad shape although
the had cash surplus of $1S5OOO the first
Of the year. Mr.. Edwards stated that assessment
would be called present Development work be-
ing carried this property sharssslnk
ing only. Shaft is down about so feet
Algomah should have about $4,000 in it's treasury,
though this probable gone the way by
its sister properties. 1t may be that not all the assess
ment has been paid to date delinquent sale has
been held President Edwards states assessment
wiz be called this time, it might work hardship on
a great of them also stock
holders companies upon which assessments have
already been called.
Corbin Copper-Fortunatey for this property, 1t had no
treasury balance to loan President In fact is
borrower to the extent $4,000 and this indebt
eness being the rate of about $4,000 per
month"; which presen; rate of expenditures The last
assessment in Dec 1911 Of 81. This property
while producer a steady though we under
stand they have opened up some good ground
South Lake-It was at first that this company
vas likewise injured in the Dow Co. failure. How
ever President watson's statement aside this inn
preston lie further stated they have about $4,000
On hand with al, accounts and bills paid
LAKE
has been stated that Copper has been
looking with envy on some issues hurt by this
weeks failure and now would be opportune time for
them TO get control or come the assistance by taking
scme of the treasury stock.
SUPERIOR BOSTON