Show MINES AND MINING EDITED BY F. F W. W SPRAGUE y DOLLY VARDEN I FRAUD MUDDLE Ground of Company Operating I Near Ely Has Been Sold I 1 r I IS IS LEFT EMPT HANDED EMPTY HANDED I Stockholders Led to Beleve Believe r 5 Estate Under Option i i Was Clear Transfer to the firm of ot Fulmer Ivea of ot the tho to ground gund upon which the Dolly Doly Var Varden en Copper company compan until recently held flu nn option opton while man many of or the tho prominent stockholders presume presumed that tho company had paid for tho the ground round has hn created a sensation in Ely mining circles Many stockholders ers rs of the te Dol Dolly Varden Copper company com corn Jan pany a are c Salt Lake kc p people The Tho he trans trans- s- s ler or of its It ground It Is sale eaid sid leaves the worthless worthless worthless worth worth- company handed empty-handed except less stock certificates with nothing to show for tor the mone money that has ha been paid In in believed ed to aggregate something something some some- thing thInS like Q G. L. L Richard is vice ice president of tJ the Dolly Doly Varden Vaden Copper company and a 0 man named Nix XU Ni is president and manager maager Neither of or these was wa In Ely at the time tho the scandal was mode made mao public and at last account no statement had been made b by either of ot them them The Te treasury stock of or the company wa was sold Bold at 14 1 cents a a. a share sharo and bet bet- ter The Te sum of or U. U OO wa way paid on the property under option opton and about Is mid eald to have boon been expended for development What became of the remaining or moro Is ono of or tho things that anxious stockholders ers era are now engaged in trying to Und find out out The second payment under tho the option option op op- option op- op tion was wa due In May lay 1908 at which time la It-la Is I-Is declared declare there tere should hould have be been n plenty plent of ot mone money in tho the com corn company's I pany's treasury treasury- But neither that payment nor subsequent ones one aggregating attention gating gUng less Je than were given Later it i Is to said sId promise was made that the tho entire amount due would woul be paid in a a lump sum further time having having- thus been obtained b by verbal consent of at tho the owner of or tho the ground gound Believed cd Property Ii raid Paid For lor Meanwhile according to tho the s statementS statements state state- te ments ment of ot stockholders they were under un- un dor der tho the impression that the tho to property had bad been paid for tor in full tl and that clear title tito to tho the ground was wa In possession possession pos pos- session slon of at tho tho company compan They Thor as assert assert assert as- as sert that the they were so 8 given to understand un un- un- un through printed matter mater and that the they had no notice from the officials at an any time that there thero wore payments to be met which had not I been cared cret for tor One of these theo stockholders stockholders stock stock- holders said Eald that had known I rr r i dirt did not belong belone to the the- company There would have been no trouble about raising sufficient mone money to pay oft off of the obligation and that tha this would have been gladly done to prevent prevent prevent pre pre- vent loss Jos of or the ground A. A B. B who was secretary secretor I S oj th the tho company during the early earh part of its It career creer having resigned more than than a a year cal ago is i quoted as n saying paying that ho resigned because of dissatisfaction dissatisfaction faction facton with wih the management management Manager Manager Man lan ager Nix Ix went ent to Chicago o several months ostensibly to raise ago money to sink tho company's shaft shaf to depth He Uc has at Intervals la reported that he was meeting success The Ely newspapers are calling for a. a f rigid Investigation of or the te alleged fraud and the district attorney is 18 said eald to havo have taken up the matter with a a. deal of or vim |