Show 1f f I r a SUTBp S l i d The Threatened Foreclosure I of the TunneL Tortgage i U L R nf v jEAf L tllJL GREAT FFERI G FOR FOOD f 6 ft J Jl 114 < Lively HecoEijftion = ZaJikottrf mission mis-sion Tue French Kxcited Down an linVbaulimeut Ec 5 IHEjStfTRO TUXNEL CO i L yt a1 The Petition be Forwarded to the Nevada Court ra 1 UTT J s t w YORK January 12The meeting of the Sntro Tunnel Stockholders held here today was well attended Many prominent mining operators were present E W Smith called the meeting meet-ing to order Theodore Sutro of this city presented a petition signatures It is addressed to the Nevada United States Circuit Court He said that it was an abs late necessity that the stockholders should sign it in order to protect their rights Til r i PETITION RECITES that McCalmont Brothers of London holder of the present mortgage had acquired and remained in control the < company through the ownership of a S bare majority ot the stock i that the truste and officers elected by the mortgagees have now made a formal answer to the applicaton foreclosure and cannot be i xpected to protect the S minority stockholders In conclusion I the petition asks that the s > igifers7 or any One of them be allowed S TO DEFEND THE SUIT by separate counsel also that thefinal hearing be postponed in order to give them time to prepare eviden The resbluiion was unanimously adopted The following committee all sig ners were apnointed to protect the minority stockholders H H Thayer Brizie Gray O C Eieff LiTon Hoffman > Co H Bathazer Hermann StorrsJ Palmer Laingarde Simon S Stone Charles T Toga J S Bernheiraer C W Smith R Martinson and John Bondiere S The petition will be S FORWARDED TO NEVADA Statements were read showing that the original mortgage was 124000 It was increased to 157000 in 1878 Now the principal is about 1000000 with an accrued ac-crued interest of 600000 The earnings of the company for the first six months of 1886 were 20000 per month Since November 1st they have been 140000 The suit 10 foreclose was brought by Hugh McCalraonfc of Lon don The final hearing will be had in the Udited States court in March |