The Helena independent., 1889-07-21
WHO WANTS III?
A New Board Of Directors Elected
for the West Granite Mount
ain Mining Company.
They are Instructed to Provide a Pro
position tor the Sale Of
the Property.
several Syndicates Are said to be After
il, aud One Of Them Halls
from New York.

Pursuant u published call stockholm
ers' meeting OF the West Granite Mountain
Mining company was held in this city yes
t.rdzy. at the Office of the cOmpany's at
tornev. Nassena Billiard, in the Gold
block. The object uf the meeting was the
election of board of nine trustees. Presi-
dent Hotter presided Stockholders present
ana by pr0xy represented Ss4 5,s shares
of the capital stock. The old board OF
trustees was we'll represented at IA meet
ing and altogether there was idrS al
tendance and the proceedings passr'l u IA
cut and drie fashion. j. u Abe!e-, PIrsl-
dent OF the -. Louis mining exchange at
tended the meeting also NOMINATIONS I"r
trustees were IA order, and the t"l4"NliS
names were presented; l. A CCq9aIa, Oy
c. h Wells. :. ii. Geisel and d. b. McMul-
Ian, of ST Louis; l.. g. Phelps }. X. W At
son, John W. Blskett, j. FeldDery, j. w
EDDY l.. a. Walker, territorial sec
retary, and gieO. ii. Hil. Ihe nom
nations closed, and upon canvas
Of the vote Il WAS found that
with the exception OF Mr. CoQuaTd the re-
naming nine gentlem-u n were elected each,
receiving the fuil vote. A vote OF thanks
was then rendered the retiring board Tor
their faithful services IN the interest OF the
company. l. a. Walker made speech IN
behalf Of the stock holders. and Z n
Wells responded for the board. lhe MEM
bers of the old board positively refused 70
The gentlemen who retired are; n NJ
Hotter, president. Ed. zimmerman, wee
president, IL. NJ. Parche1. secretary T. h
Wells, secretary; A. \. Mcdonald, :. l.
Hauser, j. h. Pardee and l. II. hlein-
schmidt
The following preamble and resolution
was offered aud adopted.
Whereas, No sale OF the property of this
company las taken place az authorized by
the meeting of stockholders, held on the
18th day of MAY, 1852. and
Whereas, The person 10 whom the said
sale was authorized to be made has de-
cliued tG purchase the said property upon
the the terms authorized by said meeting
of stockholders, and
Whereas. The. condition of the affairs of
the company is such that sale OF It's
property appears 10 be advisable, now,
therefore, be it
Resolved. That in the opinion of
the stockholders present, the trustees this
day elected should, ST the earliest prac-
ticabie date, effect sale OF all the prop
rrty OF this company tn the highest bidder
for cash and upon such terms and c0ndI-
tinns a. may b. authorized by meeting OF
the stockholders nf this company called IA
pursuance Of law for the purpose Cf con
sldering the question Of said sale, and u Is
therefore recommended that said trustees
call "A meeting OF the stockholders IN the
manner provided by laN for the purpose of
submitting to said stockholders a PROPOSE
ton tor the sale OF this property
After full discussion of the above on
motion Of }. X. Pardee it was unanimously
adopted.
Secretary Wells furnished a financial
statement which showed the cOmpany's
indebtedness To amount TO over S3S,OO0
with accumulated interest.
The company is now ready to receive
new propositions, and while IL IL not Ger
tain, il Is quite likely that the Talssig syn
dictate proposition will soon bob up serenely
again. As II can not Dee then said that the
directors are in with the new deal, for the
reason that all those that were interested
are now out of the directory and still have
the controlling interest ot stock The
scheme can now be fully carried out with
out any fear Of legal results over the ale
cations made by Mr.. COquard in his suit,
recently published.
NEW PROPOSITIONS.
Il is understood that several new prOpo-
sitiOns have been made To the West Granite
directors To relieve the company from in
debtedness and 20 provide working capi-
tai. one of these is from 81. Louis, gem
tleman there proposing to pay $4,000 Tor
the Indebtedness and take a mortgage on
the property for security. But this will
not be entertained as the company wants
working capital as well. A proposition
similar to the Taussig proposition which
fell through, is also TO be made and a New
York syndicate also has q proposition, but
what IL is will not be made public untti the
new board Of directors meet, which will
be some time this week, and at the same
time officers will be elected. sam Schwab
was asked last night II he knew that New
York syndicate had a proposition TO make,
and replied that he did not Private ad-
vices from ST. Louis, however, verify this
report