The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-06-18
BODIES ANNUAL ELECTION
The Opposition Defeated by
President Walkers Many
Proxies.
A DIRECTOR FROM COURTESY.
The Outsiders" Get Only Three of
the Seven Members Of the
Board.

The shareholders in opposition to the
present management of the Bodie Consoli-
dated Mining Company were largely in
the majority at the company's annual
meeting yesterday in the Nevada block.
but all the shares they represented were
enough to give them but two of the seven
directors. Yet those in power gave them
! third as an earnest of their good feeling.
The outside shareholders were very
much handicapped by the fact that Presi-
dent Walker has had the advantage of his
position to gather in great many proxies
from shareholders who are taking no
hand in the fight, and he appeared with
1895 shares. However, number of
those who had signed proxies after
ward joined with the opposition, and $3.50
OF their shares were present to be voted.
Then the officers had obtained proxies for
3945 shares from the New York agency.
The total number of shares and proxies
presented by the opposition was &c, 395,
while the "old crowd" which is in con-
| troll and charged with Encouragement,
| showed up with 56,005 shares.
| This gave a total present of 88, 1875 shares,
which is within a few hundred of every
| share of the company's stock, except those
which have fallen into the treasury for
non-payment of assessments.
| T. p. Ryan filed protest against count
1 ing the proxies On the ground that they
did not specify where the Bodie mine is
| located.
| The superintendent report, the trial
| balance and statement of receipts and ex-
penditures, were received and placed on
| file. The superintendent showed that
| 1913 feet of tunnels, crosscuts and wines
had been run during the year.
| The statement of receipts and expendi-
lures showed that $122, 469 81 had been re-
ceived from bullion and $24, $40 "a had been
paid for mine expenses, $9576 80 for mill
| expenses and $66, $50 in dividends.
a resolution presented by R. B. Wood
ward, ratifying the acts of the board of
! directors, was adopted the So 1870 votes of
| the opposition being cast in the negative.
| A resolution offered by Mr.. Woodward,
authorizing the directors to sell the stock,
some II 600 shares on hand, purchased for
| non-payment of assessments, caused a stir.
II object very strenuously to any such
action" said Attorney Charles l.. Patton
| of the opposition. ''Bodie stock has been
selling as high as 81 25 during the past
! year, and now it is proposed to sell these
| Finally the motion was withdrawn.
| Then, when the election of directors was
ia order Mr.. Patton suggested to Presl-
| dent Walker, George Ives and others of
those In power that it would be very
graceful act for them to give the opposi-
| ton an extra director. They had not
quite enough votes to elect three. "AH we
| want is sufficient representation to make
thorough investigation" he said. 1--WE
| do not know whether there is anything
wrong or not"
But I. P. Ryan, the leader of the recall
citrants, came very near stopping that.
II want you to understand that we be-
| lieye that the affairs of the mine have
been mismanaged and that we are going
| to fight on that line. I can't stultify my
self now by saying that I do not think
| that there is anything wrong. The only
way you can get third director is for me
| to withdraw, | suppose"
| But the leaders of both sides went aside
and talked the matter over and came back
| and announced that the opposition should
have three directors.
At meeting of the board, held imme-
diately afterward, H. d. Walker was re-
elected president, R. B. Woodward vice.
president. M. E. Willis secretary, and
John w. Kelly superintendent.
The next move of the opposition will be
to call meeting of the shareholders to
select an expert to make a thorough ex-
animation into the mines management.