The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-10-04
THE HORN SILVER.
The Opposition Triumphs at
Last.
BROWN AND FRANCKLYN OUT
With a Probable Change of Local
Management.

The news of the election of new
board of directors of the Horn S liver
Mining Company and the end of the
long reign of the Francklyn-Brown
regime-published exclusively in THE
HERALD of yesterday-created breeze
throughout the business portion of The
town. TIE directors, with number of
local stu~ Kholders, all with their pock-
cts bursting with proxies, went down to
Frisco on Monday, and returned yes
terday morning. In the party were
James Sharp, James T. Little, John H.
Rumel, Jr., P. l.. Williams Frank W.
Jennings and Major Hill, the present
superintendent. The great body of
KICKING sTooKH )LDERs
were represe ited by A. @. Washington,
q New York lawyer, who came out a
year ago, ar ned with proxies from all
over the globe. with which to attempt
the reinforcement of the FIancklyn-
Brown party, and developed sufficient
strength at the election to obtain some
sort of compromise that gave him a
seat in the directory. Mr.. Wsshingten's
seat, however, and his year, experience
as a director, did not by any means
placate or reconcile him to the existing
order of things, aud for the past few
weeks every owner Of Horn Silver stock
hereabouts has been besieged with ex-
tensive circulars signed by Mr..
Washington, al Mr.. Bsche Nee.
Whitlock. These circulars detailed at
length the NOTORIOUS DISAPPEARANCE of
over half million OF the compsny's
money charged on the books against
Messrs. Franckiyn and Brown, the
suits instituted for the recovery of the
money, the counter claim made by
these gentlemen for services rendered
and their partial restitution by the
turning over t various securities and
the Lucky Boy mine in Idaho, ending
the whole by king the stock holders if
they thought such men should be re-
elected as directors, and with an appeal
to all such stockholders as desired
to see a change. to forward
proxies to the "nndersigned," who
pledged themselves to elect men who
would work only for the Interests of
the stockholders.
IL w as 1uLAO4CO III oON1AOO bnRb WIS
literature had resulted in bringing a
BIG LUMP OF PROXIES
to Messrs. Washington e. Whitlock,
and II may be imagined that the ap-
pearance of the former gentleman in
Salt Lake was the occasion of any
amount of lively comment and specula-
ton among the resident stockholders
and directors. MIR Washington was
suave and compl cent, but nothing in
his conVersaLioa emitted any hint from
which a guess could be made as to the
number of proxies he had buttoned up
in his inner pocket. The trip TO
Frisco was made without event, except
that there was steady rain all the
time the party was out, which kept
them all housed up together.
The meeting convened at the COM
pany's office in Frisco, on Tuesday;
there was urbanity and politeness all
around, with big under-current of
suspense occasionally cropping to the
surface. Mr.. James Sharp was elected
Major Hill acted as secretary
in the absence of Secretary VanPelt, and
board of directors was declared to be in
company. and it turned out that there
were 328 ,924 shares represented at the
held by $50 Shareholders. ].
u. Rumel, Jr., P. L. Williams and ]. I.
Little we're named as tellers, and those
gentlemen at once plunged into their
work, Ittook five solid hours to 90 over
The stock and the proxies; there we're
found to be some information in the
execution OF a number Of prex,es OF i;
both sides, but when the work was
done, it was found that Mr.. Washing
ton held Ill ,101 shares; against 157 1923
Of the Francklyn party, and Mr.. Wash
ngton was smiIingly informed that his
ticket was triumphant: That ticket in
rs entirety is as follows:
DIRECTORS.
B Nc WHITLOCK,
A. G. WASHING on,
A. R. CULVER,
8. F. HAM,
P. T. FARNSwnRTH,
F. w. JENNINGS,
J. T. LITTLE.
4 report from the superintendent was
read, showing that there was on hand |
January 1st, 1888, the sum OF 5000;
from that date to September LIST the ore |
sales amounted to $4,000; the sum of |