| Show NORTH STAR CAUSES COMMENT sun tonopah To nev the report current on the streets yesterday to the effect that the north star mining company had closed down its prop the cause of considerable surprise was erty arty and comment coupled with the fact that a ine meeting eting of the directors held on may 23 2 an assessment of one cent per share had been levied made the news all the more g manager luckett of the mine al alarming armino who is also a director and brother in law of frank golden president of the corporation upon being interviewed had the following to say we have closed the mine for several days in order to get matters into shape for a more economical working of the property we shall operate through the belmont workings and use their hoists to carry our ores to the surface however I 1 jo do not think that this should be published as it is premature and by waiting several days you could have something more definite nite As the property was closed down and there was demand on the part of citizens to know if such was the case the bonanza was forced to give the facts to the public A prominent investor invest org whose f friends also have stock in the north star upon being question on the assessment and the closing down of the mine bosomed un himself of the following there is evidently a in the wood pile and some means will surely be taken to smoke him out A director of the company informed me in the presence of a witness that not less than seven weeks ago there was in the treasury which was on deposit in the nye and ormsby county bank the operating t expenses of the mine can surely not exceed at the furthermost ther most 1500 a month I 1 am also reliably informed that there has been two mill runs in the past ninety days occupying five stamps at each time and that the ore was of an exceedingly good grade of milling stuff in fact it might almost be termed high grade that not less than fifteen days ago a car of high grade was sacked and shipped from the north star mine the burning question is what is to be done with the money realized from the one cent assessment ses es it has been bruited bruised about that the notice of assessment was for the purpose of finding out the whereabouts of lost stocks this to me seems the most bous procedure that I 1 have ever heard of it is to be regretted and I 1 believe that harun harm untold will come of this move for it is the first time in the history of any mining company t in tonopah that there has ever been n an attempt made to levy an assess inet nt on stock As to the legality of the move e I 1 am uncertain but with a great umber number of investors in all parts of the country antry in tonopah stocks this precedent can have nothing but a deleterious de leterio us effect I 1 consider this almost a body blow at the mining industry of this camp I 1 believe that it is up to frank golden president of the north star mining company to see that a statement is made for the benefit of the stockholders at once As mr golden is in the city at present the bonanza will throw open its columns for a statement from him which will give it the widest publicity |
