Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1921-03-22
BETHLEHEM TO
BE REORGANIZED
FIVE PROMINENT STOCKHOLDERS
DELEGATED TO INCORPORATE
A NEW COMPANY
CONTINUE DEVELOPMENT WORK
Bethlehem Stockholders Get New
Stock at Two Cents Share.

Stockholders of the Bethlehem Gold
Mining Co., Ltd, met in Spokane last
Monday, investigated the records Of
the company, discussed plans for the
future and finally agreed unanimously
that new company should be organ
lied to take over the holdings of the
Bethlehem company and that all stock
holders of the Bethlehem company
should be given share for share in the
new company upon the payment of 2
cents per share. The additional 2
cents per share is to be used in pay
ing off all Indebtedness of the Bethle-
hem company incurred under the
regime of its president Harry Dud-
man. None of the former officers of
the Bethlehem company will be given
office in the new company.
J. w. Reid, of this city, George
Ziehr, of Odessa, Wash, j. II. Vehrs,
of Ritzville, Wash, and David Emley,
of Reardon, Wash, were named trus-
tees and were authorized to proceed
with the incorporation of the new COM
pany. About so stockholders of the
Bethlehem company attended the meet
ing, representing $4,000 of the 1,500-
600 shares of capital stock. 1t was the
general concensus of opinion that the
property owned by the Bethlehem com
pany was well worth improving and
that by careful management it could
be developed to a producing point with
out a great outlay of money. Several
carloads of shipping ore are now on
I.,.. nj fhn hi 1nh mi W
and the ore bodies in the mine are in
creasing in size. The present indebt-
edness of the Bethlehem company is
about $4,000. The payment of 2 cents
a share on stock issued in the new
company will take care of this indebt-
edness and leave a sum for further de-
velopment work.
The Spokesman Review of Tuesday
had the following account, in part, of
the stockholders meeting.
In the absence of the president,
Harry Dudman, who is out on bonds
on charge involving the sale of stock
in the company, A. B. Slagle, attorney
for the company, presided. Several
times different stockholders attempted
to tell of their dealings with Dudman
but in each instance Slagle checked
them with the statement that the meet
ing was called not as a "Dudman in
dignation meeting but to save the
property to stockholders.
%. B. He'll, introduced by Slagle
explained that he was attorney for
four Odessa stockholders, John Ham
merling, William Quasi, Henry Becker
and George Ziehr. These men, he said
had advanced approximately $4,000 to
buy judgment for over $500 held by
the former superintendent at the mine
c. w. Beckley on a labor lien, and
$1400 on a chattel mortgage held by q
Bonners Ferry (Idaho) attorney, sc
that title TO the entire property of the
Bethlehem Gold Mining company was
vested in the four men and the com
pany had no assets whatsoever How
ever, he said, his clients had bought
these judgments for the benefit of al
of the stockholders to prevent theil
interests passing into the hands o
outsiders. He suggested the formation
of new company in which all SHOULD
come in on an equal basis. Thls me
with unanimous approval.
Mr.. He'll said further that some in
debtedness existed which should b'
cleared up. Legally some of it was no
a claim but morally it was and shoul'
be paid Secretary George II. Val
Dusen roughly estimated this indebt
edness to amount to between $4,000
and $4,000, including a mortgage o
s3SSS held by S. p. Henry, attorney, o
Bonners Ferry
''Mr. Slagle read letter from Harr.
Dudman in which for nominal con
sideration he gave receipt for $25,
900 claimed to be due him from tn
company Mr.. Dudman wished tn
stockholders well and expressed tn
belief that the property would sool
, demonstrate that it is a mine"
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