The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-11-28

Henry NJ. Ryan mas RECLAIMED control
OF the Ajax mine-the rich copper prop
erty in the Tintic district. This is the
latest development in mining circles,
and it viii awaken a great deal of in
terest.
Last summer, when Mr.. Ryan was so
i'll that he was not expected to live and
his doctors ordered that his mind be
freed from anything in the nature of
business, mis- interest in the Ajax was
sold and the parties represented by
Mr.. Samuel Mcintyre gained "a control
ling interest in the stock.
AS soon as he was able to get around,
however, MIR. Ryan determined to re-
gain control of the mine, and he i'm
mediately began buying up stock UNI
der a dozen different brokers. 1t was
known that he had some large deal on,
but his buying was so quiet that few
even suspected it and he was thus en-
abled to secure the amount necessary
to give him control.
The knowledge that he had again
secured the necessary leverage came
yesterday, when an adjourned stock
holders meeting was held and the
resignation of w. II. Dickson as men,
her of the board of directors was hand
ed in. Mr.. Dickson's reason for resign
Ing 10y in the fact that he had sold
his entire interest in the stock, presum-
ably to Mr. Ryan. When the time
came for the election of "a successor,
Mr.. Ryan's name was presented and.
his strength was shown. He was cleo
ted
Ajax matters. under the circumstan-
ces, will be very interesting for sew
eral weeks. 1t is said that Mr.. Nc
Intyre favors the levying of am assess
ment on the stock for the purpose of
paying off the balance on the amount
OF the purchase price from the Utah
Mining company. Last Saturday Mr..
Mcintyre advanced several thousand
dollars and paid the outstanding notes
and the assessment was to be levied
for the purpose of reimbursing him.
Mr. Ryan, however, will oppose an
assessment. He contends that there is
no need for it. He believes that there
was no need of making the payment on
Saturday, and that the mine itself will
produce sufficient to make the payment
in proper time. Therefore when the
question comes up in the meeting of
the board there is likely to be some
lively sparring between the opposing
forces.
Outside of that. however, there is to
be some legal sparring over Ajax af-
fairs, or account of the disagreement
between Mr. Mcintyre and r. G. VIII
son of Eureka. over the old dump, and
the mining men win be furnished with
some interesting matter until the con-
tention IS settled.
Trouble Over the Dump.
AS exclusively stated in The Herald
on Tuesday, r. G. Wilson bought the
dump of the Ajax mine from the re
proceeding to remove 1t, when Manager
Samuel Mcintyre claimed that the
dump should have been removed by
October 81, and that q failure to re-
move it before that time resulted in
its becoming the property Of the Ajax
company. which had paid up all its
notes, and should have full possession.
The dump has from 500 to 5000 tons
of ore on it. 1t is about fifteen years
old, dating back to the old English
workings of the mine.
On Monday Mr.. Mcintyre ordered the
work stopped, and on Tuesday Mr. VIII
son came UP to consult with Receiver
Mason. He served notice on Mr. Ma
son that he would hold the former re-
sponsible for any obstruction to the
removal Of the dump. and thereupon
Mr.. Mason determined to bring suit
and obtain a restraining order. The
papers were prepared yesterday by
Judge Dey, and will be filed on FRIDAY
morning, and a hearing will be asked
as soon as possible.
In the affidavit of Mr.. Mason, pre-
pared for use in the suit, he will set
forth substantially that ne is receiver
of the copper company, and that he
was authorized by the court to sell
the old dump; that he advertised for
bids, and that he accepted the bid of
Mr.. Wilson and notified him to take
away the dump, at the same time no
tifying Mr. Mcintyre that Wilson
would remove the dump, and that all
this action was approved by the court.
The action Of Mr.. McIntTre will be put
in the light of contempt.
Mr.. Wilson's position is shown by the
statement that he made last night to
a Herald man. Il will prosecute this
matter to the end" he said, las a
tnatter Of principle. 1t would not make
any difference if the ore was worth
only 80 cents a. ton. The fact is that
nothing was done until we struck a
very a.ch mass. of ore in the dump !
fThen Mr.. Mcintyre suddenly raised !
The money and paid off the rest of the |
purchase price. He notified me to stop |
work. My men had been screening the |
ore and he made them go away. Then |
he put about a dozen men to work to |
keep my men off. He unloaded a. wa
gon of mine and rolled it off the dump. |
injuring it. and also threw my tools |
off the dump, iniuring them.
Now the fact is that Mr.. Mason was !
given until April. 1896, to remove that |
dump. President Knox admits that !
this was the agreement. the longer |
time being given because Mr.. Mason |
extended the time of payment of the |
purchase money. We Were proceeding !
under this agreement. When this |
matter is settled / will probably bring |
personal suit against Mr.. Mcintyre
for the amount of the Injury to my
tools and wagon.
1--WE viii sue out an injunction
against his interference as soon as
possible, and it is probable that we
will also bring him into court for con-
tempt. We are proceeding against Mr..
Mcintyre in person, and not against
the Ajax company, because the direc-
tors of the company do not uphold the
action of Mr.. Mcintyre
Judge Dey has prepared the papers
in the case and they will probably be
fled early on Friday morning.
THE BRICkYARD PURCHASE.