Book Description

Excerpt from The Mining Magazine, Vol. 3: July to December, 1910 At the end of June the shareholders in Globe Phoenix received acircular letter informing them that the mill would cease work for eight weeks pending repairs to the main shaft and at the same time some incomplete information was given concerning current developments in the mines. Meanwhile it is found that this news was known to several market operators several days before the shareholders heard of it and it is noteworthy that no mention is made of the results of exploration on the 17th or deepest level, where it is rumoured results are disappointing. It is eminently desirable that the directors should be reminded that they are trustees for the shareholders, both the minority not represented on the board and the majority controlling-the company. It is, as we have said repeatedly, a serious blemish on Rhode sian mining that cablegrams should be so often cryptic and reports belated, thus afford ing easy opportunity for raids on the part of well informed speculators. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.