Wrong Without Remedy: A Legal Satire. time, the coronation of a Pope with all the grandeur of ancient times, but Leo ex pressed the desire that his successor should enjoy all the pomp and glory of an elaborate ceremonial, and it is well known that the Acting Pope Cardinal Prince Oreglia is a great believer in precedents, while Cardinals Rampolla and Gotti consider the elaborate ceremonial necessary to show to the world that the successor of St. Peter oc
373
cupies the most exalted position on earth. The election .and coronation of a Pope is of the greatest interest to the world at large, for in all nations Catholics who acknowl edge the Pope as their sovereign head pos sess great and increasing influence. Leo XIII. was a progressive and democratic pontiff, and the whole civilized world hopes that his successor will be a worthy follower of his example.
WRONG WITHOUT REMEDY: A LEGAL SATIRE. IV. THE FREEZE-OUT. ' BY WALLACE MCCAMANT OXE day while sittipg in the lobby of the Hotel West at Minneapolis, Anderson was accosted by Huston, an acquaintance of his from Portland, Ore. They chatted a few minutes on general subjects and finally Hus ton asked Anderson if he knew of anyone who had forty thousand dollars to invest in a gilt-edged proposition. Anderson giving him some encouragement, he said he had been retained by the owners of the Golden Rod mine in Josephine County, Oregon, to secure them additional capital. This mine, Huston explained, had been discovered by Parsons and McAllister, two farmers resid ing in the vicinity, and after making the loca tion they had given an interest in the mine to Barker, a merchant in Grant's Pass, in con sideration of advances made by the latter for its development. The mine had proved un«xpectedly rich. It produced free milling ore which assayed at eight dollars a ton and which could be mined and milled for three dollars a ton. They had developed the mine sufficiently to show up ore bodies adequate to run a fifty-stamp mill for ten years. They had installed a five-stamp mill and the mine
was earning now five hundred dollars a month over and above all expenses. In order to accomplish this development work and install the mill Parsons and Mc Allister had been obliged to mortgage their farms, and Barker had run so heavily in debt as to well nigh exhaust his credit. It would take them some time to work out from the income of the mine, and in the meantime they thought it desirable to put a fifty-stamp mill on the property. They were satisfied that with a fifty-stamp mill the mine would net at least five thousand dollars a month, and they were willing to convey the property to a corporation for the purpose of securing forty thousand dollars to put in this new plant. To show their good faith, they were willing that the investors of the forty thou sand dollars should hold fifty-one per cent, of the stock and name the board of directors, they turning in the mine in payment for forty-nine per cent, of the stock. Anderson agreed to think the matter over, and a few days later his expert was on the train en route to Oregon to investigate the mine. The report was that the property was
