The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-02-20

pened many a time in the history OF
mines and mining. If we were to es-
tablish a precedent that when a
property is sold and the new people
after spending their money and la
Dor discover a rich ore body and the
that the original owners could come
back and claim an interest in b
property they sold at a previous
date, no matter whether two days,
two months or two years, b
where would business interests end.
GAS to the sale of the Velvet
claim to the Jumbo Extension, that
does not enter into the receivership
of the Goldfield Merger. So far as
1 can see there is no possible chance
for such a suit. 1t was acted on by
the directors, the deed given and
recorded and approved by stock
holders.
LAS to why Judge Cushman should
have appointed a receiver without
our having a chance to appear l can
only account for in one way and that
is that the complaint as drawn was
sworn tt as positive facts and as
having positive proof of allegations.
The usual form on information and
belief was not used.
Right here we come to the vital
point as to why there can be no
compromise. Complainant swears
that she has positive proof hat the
Jumbo Extension stock was sold at
a time when Mr.. Clark and myself
had knowledge of the developments
in Jumbo Extension and when order
ing the sale of the stock on the open
market stood by and bought it in
for our personal private benefit. I'm
der such accusations we could never
compromise. To do S would place
us in the position of being guilty.
Gas to the accusation that the
Merger mines is being operated for
the benefit of Geo. Wingfield and to
the detriment of the Merger mines,
nothing could be further from the
truth. Also the statement thai the
Merger mines has made valuable
concessions to Mr.. Wingfield in Or
der that the Clark railroad would re-
ceive business in the way of freight
and traffic. 1t is a matter of record
that the Clark road is only getting
such proportion of Mr.. Wingfield's
business as suits his convenience as
to shipping. Furthermore, it is OF
record that we have within the past
month and previously repeatedly
complained to Mr.. Wingfield that we
we're not getting our due proportion
of his business.
"Our relation with Mr.. Wingfield
or the Goldfield Consolidated is
simply to effect an economic work.
ing arrangement for working the
Merger mines. We had worked out
a plan whereby we effected a very
great saving in operation %enpenses.
This all necessitated many confer
ences with Mr.. Wingfield, officers OF
the Consolidated and Atlanta. Every
time we might be seen together the
rumor would go out that there was
some sort of a consolidation being
planned. Nothing of the kind.
so far as I know there has not
been a consolidation of any mines in
GOldfield, at least not of any of the
producing or now prospective pro-
ducing mines.
Another rumOr. though | am not
personally interested in it, I would
like to set at rest. This is that
Booth would apex Jumbo Extension.
Docs the mar who circulates such
rumor or the man who listens to it
stop to think that in order for
Booth to apex Jumbo Extension, if
UGH a thing were possible, they
would have to go through about one
half mile of Goldfield Consolidated
ground? While they are at it why
don't they carry it half a mile or so
.urther and have Booth apex Flor
ence and Atlanta
One of the funny incidents hat
has come to light in this matter is
hat on the day before the receiver
was appointed, some of the people
acting for the opposition went into
the market and bought a long line Of
Merger mines stock, thinking hat
when the receiver was appointed the
stock would go up. They loaded up
from 80 to 81. Did you ever be-
fore hear of anyone thinking hat
when a company is placed in the
hands of a receiver that the stock
would go up.?"