Rogue River courier. (Grants Pass, Or.) 1886-1927, 1912-06-21
ALMEDA RECEIVERSHIP.
CONTINUED from Page IJ

that the officers have done a great
deal OF development work, including
about 1000 feet OF tunnels. cross
cuts and shafts, besides installing a
smelter.
Il am one of the Oldest stockhold-
ers in the company and am entirely
satisfied with my investment. | have
visited the company's property a num-
Der OF times and know that the claims
are all right.
The officers have been doing ev-
erything that they could towards de-
yeloping the property and putting it
on a paying basis No, the stockhold-
ers have not received any dividends
yet, but am convinced that the min
ing claims are all excellent and will
eventually produce satisfactory diyi-
dends
Officers OF the company have Just
completed plans for prosecuting their
development activities aggressiyely.
This will probably be delayed because
OF the institution Of the suit by the
Ohio stockholders"
! c. L. Mangum. an authority on
mines and mining conditions in Jose
phine county, says that the Almeda is
one of the truly great mines Of Amer
lea, having a wonderful deposit OF
ore In sight, and when properly de-
yeloped should return big dividends
to its stockholders. The present diff
iculty, he thinks, is but a difference
Iof opinion over the mine manage
ment, and will work out all right.
The Almeda Consolidated Mines
Company was organized in 1906 with
capital stock of $4,000, 900 to en-
gage in the general mining business.
The incorporators were o. NJ.
Crouch, John F. Wickham, Reece c.
Kinney and L. 3. NJ. Simons. all OF
Portland These same men have had
the management and control OF the
property since its incorporation, Mr
Crouch now serving as president.
while Mr.. Kinney has served as sec
retary virtually ever since organiza-
ton was effected
The people of Josephine county
deeply regret this mixup in the af-
fairs of the Almeda mine The Off
GERS OF the company are we'll known
in Grants Pass and everyone who has
had business relations with them will
testify to their square dealings
II Is the easiest thing In the world
to find fault with the management
OF a mine It Is true this property
has been IN process OF development
for nearly seven years and very it
tie In the way Of returns has been
received. Somewhere in the neigh
borhood OF dozen carloads Of matte
from the smelter have been shipped
and sold within the past year and it
has BY careful investigation been
found out that the mine can be
worked to advantage.
Very recently arrangements have
been made to work the property in
practical way and those best posted
in such matters say that no more
capital will be needed to place the
mine on a paying basis Appealing
to the law as a rule is bad business
and II Injuries the plaintiff as we'll
as the defendant and in this case II
INJURIES the general mining business
OF Josephine county II Is TO De
hoped that Judge Bean thoroughly in
vestigated this subject before taking
even temporary action
This whole matter is the result OF
a foolish and wicker report Vhich
some months ago was deliberately
sent ont by the secretary Of state
Ben W Olcott, who made a li5elous
report in regard TO the mine br, .ook
It all back upon investigation Of the
standing OF the property. He certain
" did the handsome thing In the way
OF apology hut an apology never trav-
els as fast as slander and never
catches up with t.
The Almeda Is certainly great
property and II tnese legal vampires
will let II alone Just few months
longer It will pay back to the stock
holders ave dollars for every one they
have invested In Il. Those poor men
spoken Of who were induced to in-
vest their money In stock In this
mine. we learn. bought Il on the In
stallment plan. Times have turned
hard and they now want to get out OF
paving for Il and that seems 70 he the