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Show THE EMMA MINE There is a feeling in England, and particularly in Scotland, relative to tho Km ma mino, Littlo Cottonwood, which no amount of explanalion nothing but actual aud continuous dividends-will dividends-will allay. An advanood copy of tho report to bo presented beforo a general meeting of tho shareholders, on March lith, is IhuB commented on by the London Times and Now?. Tho Times says: Tho report or tho Ktiiuii Silver Mining company (limited), to bo presented pre-sented on tho b'lh of March, announces disappointment. There have been paid to tho t hart-holders thirteen uiouthly dividends, amounting to l'J3,-.V.J2, l'J3,-.V.J2, while, on finally making up tho account to tho end ot December, it turns out that tho funds available amounted only to .ClSOjOiiS, leaving a dtlicicncy of 7,874. This result is attributed chietly to tho disastrous tl coding of the mino in J uno, and tho litigation consequent on the hostile action of tho Illinois Tunnel company takiug armed possession of tho only Accessible part of the mine, but tho ore obtained siuco tho flooding has proved of lower grado thun previously, whilo tho expenses have been much greater; aud it is likewiso intimated that although al-though Mr. Husscy, tho manager, telegraphed tow irds tho end of November Novem-ber that tl o directors might expect XlS.OUU prolit before tho 1st of January, Janu-ary, tho company's New Yoik agent inl'ormod them, on tho 19;h of December, Decem-ber, that in a whole month only .C-t.UOO had reached him, thus rendering it evident that tho January dividend could not bo paid. Mr. Ilussey, it appears, has now expressed a strong wish to bo relieved, "on account of his own business requiring all his time," and tho directors havo engaged Mr. Goorgo Atwood, who has already started for Utah to lid llio post of resident re-sident manager. Tho News in something of tho same strain has this : Tho report of tho Emma silver mining company (limited) to bo presented pre-sented at the meeting on the lith prox., alludes to tho disappointing result of tho year s working, and mentions men-tions that tho monthly payments had been ooulinued out of tho reserve on band, and that 1'J3,d32, iueluding income tax, had been paid to tho shareholders in thirtoen uiouthly dividends, divi-dends, while the accounts to December la-it exhibited funds available for the purposo amounting to only 1S5,0o7. It is stated that a full balanco sheet eouM not bo prepared in timo to lore-stall lore-stall the lost payment, und the output at the timo being sutlicicnt, the directors direct-ors considered that no ground existed for withholding tho same. Mention is made of the interior character of the ore since tho flooding of the mine, as well as tho impossibility of continuing tho present systom of payments, an alteration being surges. cd iu favor of declaring interim dividends from the timo of such amounts as tho directors tind thomselvcs in a position to pay. Tho board havo passed a resolution auioug thcmseUes reducing their lees by one half, with tho addition of one per cent, commission on tho net pro-tits, pro-tits, tho remuneration not to exceed tho auiouot provided by the article?. The List Chance silver mining company com-pany of Utah (limited) has declared a dividend of '2i. per share, payable on tho 1st prox. The transfer books will be closed on theiiSih iust. If tho mino had failed, as macy contend because of tho various rea-bohs rea-bohs given at sundry times why there was not tho expected output of ore, honor aud honesty demand that the fact should bo made public; but if tho depreciation iu Emma stock, which was down to 'J ou February i2j;h, be duo to tho efforts of tho "bears," then tho most euergetio action should be displayed by Mr. Atwood, the new resident manager, that the reputation of the mino may bo restored aud shareholders bo protected. |