The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-01-03

The Day-Bristcl Consolidated Min
ing company has met with some fin
ancial difficulties and whether or not
the present management of the COM
pany will be able to emerge from the
difficulty or not will doubtless be
kGown within the next few days.
While Qui e a number in Phoebe
have been aware for sometime that
III company has been hard pressed,
wAlch many believed to be due to
tn, inability of the company to get
is Cres ID market, others were not
aware that the affairs of the company
hal reached a stage when it was
necessary to go into court for an ad-
justment. However, such seems to
be the case and the first intimatipn
that-asde from the report that a
receiver had been appointed for the
Bristol Consolidated Mining company,
which owns a little more than so per
MT of the stock of the Day Bristol
action had been taken in Utah,
W Nut i's7ilA tiiSs Alt TIlffhtS tdEiA VI odit
Lake City. had entered suit and OBJ
taiued Judgement to the amount OF
S32, ,i0S.29, came last Tuesday concern
ing which the Deseret News says:
Financial difficulties were en-
counttted by the Day Bristol Consol
idated Mining company yesterday
when suit was entered against the
company and a lttle latsr judge
ment was entered to the extent oi
S32. 10S.29, in favor of the Merchants
bank The judgement was entered
by Judge Richie and later in the day
findings of fact and conclusions. o
law were filed with a decree. This
will probably be used to take owe
the property if it is found necessary
According to the complaint tina
was filed in the case, the Day Bristo o
became indebted to the bank to tn
e. Mt of $4,000 on promissor,
note on Sept. II. The note wa
signed by the Day Bristol Consolidat
ed Mining company by A. w. Middle
ton, secretary and treasurer of tn
company. No part CT the note wa
paid except $500 on Dec. H. Besid7
the complaint alleges that On Dec.
there was also an overdraft at tn
bank amounting to $5,499.7S.
The Day Bristol company ha
been building a two mile tram at th
new machinery. This has taken cor
siderable money The breaking of IL
\ Phoebe Pacific Railroad company
engine and the increasing of the rat
is believed to have caused conside
able delay and expense which brougl
N bn the trouble for the company. A
the road was tied up for As days
was impossible for the Day Brist
to get i $ freight into camp.
The new machinery that the cor
>pany has been installing is to CO.
$4,000. AS the company has been
an expense and no revenue was r
ceived from Shipments as the trail
were not operating on the Phoebe P
cific the company has run behind
The difficulty is believed to |
temporary will be relieved shortly
the eastern connections of the col
pany. One Of tho heayi st stockho'
ers is the Consolidated Nevada Ut;
corporation, formerly the NevadaUt,
Mines & Shelters corporation II
control of the properly is held by Il
Bristol Consolidated Mining compar
Geo. E. Bent is the general manag
of the prOnertv
Last Saturday evening having pl
viousiy received intimation that t
Salt Lake bank would likely bri
suit on its claims against the d.
bristol company, Chas. Lee Horse
attorney for the Amalgamated Pioc
Mines & Smelters corporation. fl
suit in the district court upon an
signed claim of the Phoebe Paci
Railroad company for the sum of s
7s0, alleged to be due for supple
water and freight charges on or