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Collection: Books and Periodicals > Mining & Scientific Press

Volume 29 (1874) (428 pages)

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28 MINING AND SCIENTIFIC PRESS. {July 11, 1874. General News. JoezpH Newman, the well-known raiser of silk-worms, ie now feeding a large uumber of worms at hie house on Shotwell street, near Mission. He hae recently petitioned the Board of Supervisors to plant large uumhere’of mulberry trees in Golden Gate Park, for the use, nnder certain restrictions, of such as may desire to raise silk-worme iu thie city. He says the trimmings of the leavee of euch trees are wortb to the feeder $20 per ton, and in the tenth year a tree well taken care of will yield during the ceason $5 worth of leaves, hesidee snetaining its growth. Tbus the Park, if planted over the portione of its eurface not reeerved for drives and walke, might be made to yield in teu years, from $100,000 to $150,000. Tau Mrny Rrven Disaster.—The verdict in ‘ the Mill River disaster censures the Legislature for inadequate and defective legislation on the subject; the reeervoir and mill owners for pareimonions disregard of life and property; tbe engineere for ambiguous and inefficient specifications; the contractors for manifest delinquencies and want of thoroughness in their work, and the Counuty Commissioners for accepting a dam eo shabhily built, wheu they had the power to order its entire reconstruction, ALFALRA as 4 Disrnrgotant.—We have heen assured tbat the introduction of alfalfa on our low lands is destined to prove the great dieinfectant of the malaria eo much dreaded in our valley. Alfalfa will grow anywhere on Kern Island, and it smothers out all wild vegetation. Our sloughe are to be dried up and the waters thrown into channels which will carry it al! off and leave no more green frog-ponds. Old elough-beds are to be seededin alfalfa. This ie the prozramme, adopted for the futbure.— Southern Californian, Tue Crnetnnat1 Inpustrian Exposirion.— We have received a copy of the report of the Board of Commissionere of the tourtb Cinciunati Industrial Exposition of 1873, also the premium hst for the exposition of 1874, both of which are fius specimene of workmanship. {Tbe Commissioners will please accept our thanks with our best wishes for the success of their approacbing exposition, which will be open to the public on Wednesday, September 2d, aud continne until Saturday, October 3d. Severan expeditions have been sent out to explore the Black Hills country, but they have all had more or less trouble with the Sioux Indians, and been compelled to returu_ witbout having accomplished that ohject. The force that hae juet started out, under General Custar, from Minnesota, will cross the alkali plains of Dakota, and on resching the Black Hille will make a thorough topographical eurvey of that ,wonderful region, which is said to abound in precious metals, Poor Cuza,—Misery and want are extensive. There is the greatest excitement in consequence. Crime has increased to a fearfnl extent. The papers are daily filled with aseaulta and robberies. The jail is literally packed with criminals. The Governor has ordered a part of the Jelo of Pines to be converted into a correotional or penal colony for traitors, vagrants and incorrigibles, and a military colony will be established there. Serrous Rartroap AccrpenT.—A train approaching New Haven, on the Lake Shore railroad, ou Monday laet, ran off the track near Stony creek, and fell a distance of some ten feet upon the marsh below, killing one man, and wounding 78 others. None of the wounded were dangerouely hurt, The accident was caused by the switcb being changed hefore the last car had passed. Starting with this, the whole train was dragged off the track. A wats telegram from Prestcott says the Hnalapai Indians, who were compelled by nn Indian agent to leave their ancient home in the mountains and move to-a reservatiou in the Colorado bottom, are not thriving. They are unable to cultivate the land, their horses are dying, and they are siokly and miserable. They protested earnestly against the transfer, and the military officers, who were familiar with their mode of life, predicted that the change would he disastrous. Tue Iowa Ramroap Laws,—--The roads geuerally are oonforming to the new railroad law, hut under protest, They eay itis useless to enter into continued litigation until the question of railroad righte reachee a decision in the Snpreme Court of the United States; then there remain but two courses in case the decision is adveree to the railroad interest, namely, to ohey the etatute or qnit the business. Tur Montana etuge was rohhed, July 3d, at Big Dry creek, 25 milee south of Pleasant valley, hy fonr masked men, armed with ehot-guns. The eouth coach was stopped first and run into tbe hrush and held until the north coach came, when both were overhauled. The rohbers got ahout $60in money and Wells, Fargo & Co.’s expreee hox. Tux Iiliuois legielature has paesed a law providing that whoever adulterates milk with water, Ohalk or other eubstance, or sells such milk, sball be confined in the county jail uot exeading ong year, or fined not exceeding $500. Lieutenant Cxarues P. Haan, of Califoruia, who waa wounded in the Modoc war, haa heen appointed Captuin of the Subsistence Department, Tue tornado season has commeuced in the East, and the destruction of life and property thue far reported is moet appalling. Honsee hy the hundreds have heen unroofed, crops deetroyed, trees torn up by the roots, and people killed and maimed by ecores. Truly these visitations are a hundred-fold woree than earthquakes. AvPEAL To Patgons.—The Governor of Minneeota, recognizing that the Patrons are ever ready to relieve the sufferfng and oppreseed, has issued an appeal to the Patrons of Minnesota to forward relief to the farmers of the southwesteru counties of that State, who have loet their crops by the grasshopper plague, Tre Carlists in Spain etill refuse to be put down. They ecem to have takeu new courage at the death of Concha, their ancient enemy, and appear now to he increasing in numbers and etrength. The Repuhlicans are trying to hem them in hy surrounding tbeir front and flanks with permanent fortificatione. Tue overland railroads are reducing freight rates to San Fruncisco, just before the departure of each steamer from New York, and increasing them again afterward. The steamers are consequently carrying freight at twenty-five dollare per ton. THomas Kee, of New Brunswick, New Jereey, took his three children to the canal, Monday, and pitched them in, jumping in himself afterward. The oldest child, a girl, was drowned, hut the father and the other children were rescued. Tue great bridge over the Mississippi river at St. Louis is finished, and wae dedicated on tbe Fourth inst., that being the ohief feature of the day’e celebration. The construction of this bridgeie one of the leading engineering features of the day. Tus Harhor Commiesioners have purchased Taylor’s Dredger for $34,000. The Commiesioners eay they oan have dredging now done for 10 cents a yard, for which they formerly paid 24 cents. . THE wheat crop in Illinois ie suffering seriously in the central counties trom the ravnges of the chinch bug, aud all the. growing crops are said to be unfavorably nffected hy the drouth. THE report of the loss of the cahle steamer ‘*Faraday,” by coming into collision with an iceberg, off Nova Scotia, is denied. She has Since been eeen quietly at her work, picking up the cable, Most of the sheep raieers in Oregon have eheared their last sheep. The wool clip is hetter tban ever hefore, both as to quality and amount. Tue secoud crop of etrawherries in Santa Clara county ie coming on slowly, and it is believed that the yield will be as light as the other was heavy. A nuaeet taken, laet week, from the claim of Weber, Hooker & Windere, at Whisky Flat, Butte county, weighed fourteen onuces, and was valued at $250. THE property in Olifton dietrict, or Deep creek, in Utah, known as the Filberson property, has just heen eold to a St. Louis Co. for the sum of $90,000 cash. ‘Cue model for the proposed equestrian statue of General Thomas has been accepted. It will he erected in Washington. Tue frame of the new hall for the Danville Grange of the Patrons of Husbandry, 30 hy 60 feet upon the ground, is already up. Lownen & Atkins, in the Grass Valley mine, Triuity connty, last week, picked up six huudred dollars in their ground sluices. THe Wulla Walla farmers have got up a corner in hay, and will not sell at less than $14.50 per ton. A new miue has been discovered within eix miles ot Calistoga. The quartz is said to he “very rich. . Crnnasar has been discovered on Il of the 50 mining claims in the Guerneville district, Sonoma county. Tue proprietors ot the Sotoyoms mine, Napa county, will shortly erect a mill and rednetion works. A NEW mill is heing erected for the Lincoln aud Mahoney minee, at Sutter Creek, Amador county. . A TEN-sTAMP mi:] is being put up at Enterprise, Amador county. Tue .Rediugton mine shipped 120 Hasks of quicksilver to San Francisco on Monday. THE new furnace at the New Almaden mines will soon he running. Over 21,000 emigrants landed in New York during June. Turre have been 600 dismissals of exployés in the various departments in Washingtou. Tux Napa Plow Co, have commenced huildjug operatious. AcHintn ot D. MeNulty, living near Yreka, died last week from the bite of a scorpion. Prosrsctors are atill filing oat of Olympia ) for the mountains. ‘PATENTS & i NVEN? IONS, A Weekly List of U. 8S, Patents Issued to Pacific Coast Inventors. [From OFriorAL REPORTa FOR THE MINING AND SoOIENtTirio Pruss, DEWEY & CO., PusnisHERe AnD U. 8. anp Forreron Parenr AOEnTs.] By-Special Diepatch, Dated Waehineton. D. C., July 7th, 1874. For Were Exnine June 23d, 1874." HAynracrie Horst.—Martin L. Bassett, 8. F,, Cal... Device ror Reveasinc Horsts—Oreraten By Avagms.—Rohert Brags, 8. F., Cal. Finer Sxparatinec Macuines.— Wm. M. Hugbes, 8. F., Cal. Det. Tootz.—Henry H. Linnell and Leonidas Parker, Oaklaud, Cal.
TasiE For VESSELS.—Edward P. 8. Audrews, Havilah, Cal. TRANSPLANTER.—Timothy Carroll, Anaheim, Cal. AtMosPHERIC Power HamMER.— Wm. Maneon, 8. F,, Cal. ATMOsPHERIC HammEr.—Wm. Manson, S. F., Cal. Re-1ssux. Process oF SEPARATING SILVER FROM OTHER Mxtats.—Conrad Wiegand, Virginia City, Nevada. 2 —-—*The patents are not ready for delivery by tke Patent Office until some 14 days after thedete of issue. Norse.—Oopies of U. §. and Foreign Patents furnished by Dewrx & Co., in the shortest time possible (by telegraph or otherwise) at the lowest rates. All patent bnsinese for Paoifio coast inventors transacted with perfeot aacurity and in the shortest time possible. Amendment of the New Code Incorpora tion Assessment Law of California. [Furnished Free from the MINING AND SoreENTIFIO Press Cfiice.) Directors May Levy Aesessments. The Directors of any corporation formed under the laws of this State, for the purpose of payiug expenses, conducting business, or paying debts, may levy and colleot assessments upon the capital etock thereof, in the manner and form and to the extent provided herein. Limitation. No one assessment must exceed ten per cent. of the amount of the capital stock named iu the articles of imcorporation, except in the casos in this sectiou otherwise provided for, as follows: How Levied. 1. If the whole capital of a corporation hus not been paid up, and the corporation is unubie to meet its lisbilities or to satiufy the claims of its creditors, the astessment may be for the futlumountuapaid upon the oapital stock; or if a less amouut 1s sufficient, then it may be for such a percentage a5 Will raise that amouut; 2. The Directors of railroad corporations may usaess the capital stock in installments of not more than ten per cent. per month, unless in the articles of Incorpotation it is otherwise provided; . 3. The Directors of fire or marine insurance corporations may assess euch a percentage of the capital stock as they deem proper. Levy of Assessment. No assessment must be levied while any portlon of a previous one remains unpald, unless: Old Assecement Remaining Unpaid. 1. The power of the corporaiion has been exercised in accordance with the provisions of this Article for the purpose of coliecting such previous assessment; 2. The collection of the previous assessment has been enjoined; or a 8. The assessment falls within the provisions of either the first, second or third subdivision of Section 332. What Order Shall Contain. Every order levying sn assessment must specify the amount thereof, wheu, to whom, and where payable; fix a day, subsequent t) the full term of publication of the ussessment notice, on which the unpaid assessment shall be delinquent, not Jess than thirty nor more than sixty days from the time of making the order levying the assessment; and a duy for the sale of deliuquent stock, no’ less than fifteen nor more than sixty days from the day the stock is declared delinquent. Wotice of Aesessment. Upon the making of the order, the Secretary shall canse to be published a notice thereof, in the following form: Form. (Name of corporation in full. Location of principal place of business). Notlceis hereby given, that at a meeting of the Directors, held on the (date), an assessment of (amount) per share was levied upon the capital stock of the corporation, payable (when, to whom, and where). Any stock npon which this assessment shall remain unpaid on the (day fixed) wili be delinquent and advertised for sale at public auction, and, nnless paytment is made before, will be sold on the (day appoint: ed), to pay the delinquent assessment,together with costs of advertising and expenses of sale. (Signature of Secretary, with location of office.) Personal Notice and Publication. The notice must bs personally served upon each stockholder, or in lieu of persona) service, must he sent through the muil, addressed to each stovkholder at his place of residence, it known, and if not known, at the place where the principal office of the corporaiiou is situated; and be published once a week for four successive weeks in somo newspaper of general circulation and devoted tutlie publication of general news, published at the place designated in the articles of incorporation as the principal place of business, and also in gome newspaper published in the connty in which the works of the corporation are situated, if a paper be published therein. If the works of the corporation are not within a State or Territory of the United Statés, publication in a paper of the place where they are situ. ated is not necessary. If there be no newspaper published at the place designated as the principal place of business of the corporation, then the publication mnat be made in some other nowspaper of the county, if there be one, andif there be none, then in s newspeper published in an adjoining connty. [This paragraph contains the amendment of July 1st, 1874.] Delinquent Notice. If any portion of the assessment mentioned In the notice remains unpaid on the day specified therein for declaring the stock delinquent, the Secretary must, unless otherwise ordered by the Board of Directors, canse to be published in the same papers in which the notice hereinbefore provided for shal! have been pnblished, a notice substantially in the following form: Form. (Namo in full. Location of principal place of business). Norice.—There are delinquent upon the following described stook, on account of assessment levied on the (date), (en assessment levied previous thereto, if any), the several amounts set opposite the names of the respective shareholders, as follows: (Names, number of certificate, numbor of shares, amount). And in ac. cordance with law, (and an order of the Board of Directors, made on the [date},if any such order shall have been made), sO many shares of each parcel of such stock as may be necessary will be sold, at the (particular place), on the (date), at (the hour) of snch day, to pay delinqueut assessments thereon, togother with costs of edvertising aud expenses of the eale. {Name of Secretary, with locetion of office.) Contente of Notice. The notice must specify every certilicate of stock, the number of shares it represents, and the amount due thereon, except where certificates may not have been issued to parties entitled thereto, in which case tho number of shares and amount due thereon, together with the fact that the certlticates for such shares have not been issued, must be stated. How Published. The notice, when published in a duily paper, must be pubiished for ten days,excluding Sundays and holidays, previous to the day of sale. When published in a weekdy paper, itmiust be published in each issue for two weeks previous to the day of sale. The first publication of all delinquent sales must be at least fifteen days , prior to the day of sale. Jurisdiction Acquired, How. By the publication of the notice, the corporation acquires jurisdiction to sell and convay a perfect title to allof the stock described in the notice of sale; upon which any portion of the assessment or costs of advertising remaius unpald at the hour appointed for the sale, but must sell no more of such stock than is necessary to pay the assessments due and costs of Bale. Sale to be by Public Auction. On the day, at the place, and at the time appointed in the notice of saie, the Secretary must, unless other. Wise ordered by the Directors, sel! or cause to be sold at public auction, to the highest bidder for cash, so many shares of each parcel of the described stock as inay be necessary to pay the assessment and eharges thereon, accordiug to the terms of sale; if payment is tuade before the time fixed for sale, the party paying is only required to pay the aotusl cost.of advertising, in addition to the assessment. Highest Bidder to be the Purchaser. The person offemng at such sale to pay the assessment and costs for the smallest number of shares or fraction of a share is the highest bidder, and the stook purchased must be transferred to him on the stock books of the corporation, on payment of the assess. ments and costs. In Default of Bidders, Corporation may Purchase. If, at the sale of stock, no bidder offers the amonnt of the assessments uud costs and charges due, the same inay be bid in and purohased by tha corporetion, through the Secretary, President, or any Director thereof, at the amount of the assessments, costs and charges due; and the smount of the assessments, costs and charges must be credited as paid in full on the books of the corporation, and entry of the transfer of the stock to the corporation must be mado on the books thereof. While thestock remuins the property of the corporation it ts not assessable, nor must any dividends be declared thereon; but all assessments and dividends inust be apportioned upon the stock held by the stock. holders of the corporation. Dispoeition of Stock Purchaeed by Corporation. All purchsses of its own stook made by any corpora: tion yest the legal title to the eame in the corporation: and the stock s0 purchased is held subject to the con: trol of the stockholders, who may make such disposition of the same as they deem fit, in accordance with the by-lawsof the corporation or vote of a majority of all the remaining shares. Whenever any portion of the capital stock of a corporation is held by the corporation by purchase, a majority of the remaining shares is a majority of the stock for all pnrposes of election or voting on any question at a stockholders’ mesting. Extension of Time of Delinquent Sale. The dates fixed in any notlce of assessment or notice of delinquent sale, published according to the provisions hereof, may be extended from time to time for not more than thirty days, by order of the directors, entered onthe records of the corporation; bnt no order extending the time for the performance of any act specified in any notice is effectual unless notice of snch extension or postponement is appended to and published with the notice to which the order relates. Aeseesments Shall not be Invalidated. No assessment is Invalidated by a failure to make publication of the notices hereinbefore provided for, nor by the non-performance of any act reqnired in order to enforce the payment of the same; but in case of any substantial error or omission in the course of proceedings for coliection, all previous proceedings, except the levying of the assessment, are void, and publication must be begun anew. Action for Recovery of Stock, and Limitation Thereof. 4 No action must be sustained to recover stock sold for delinquent assessments, upon the ground of irregularity in the assessment, irregularity or defect of the notice of sale, or defect or irregularity in the sale, unless the party seeking to maintain such action first pays or tenders to the corporation or the party holding the stuck sold, the sum for which the same was sold, together with ail subsequent assessments which may have been paid thereou and interest on such sums from the time they were paid; and no such action must be sustained unless thesame is commenced by the filing of a complaint and the issuing of » summons thereon within six months after snch sale was mede.