The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-07-28

tifis to take possession OF all property OF
Mr.. Lawsons held by Brown, Riley X
Co. and Hayden, Stone & Co., two OF the
Lawson brokers" aud the Market Ma
tional rank. and to sell the same for the
purpose of liquidating the LEGGED indebt-
edness of Mr.. Lawson.
On the head of 1t, the court issued an
order of notice to the above parties, the
same being returnable next Wednesday,
and at the same time an injunction was
granted reiraining Mr.. Lawson from
withdrawing any part of his share in the
firm OF Lawson. Weidenieldt & Co.
Right here it may be mentioned that
for the past two months or so Mr.. Law
son has not been active in stock exchange
circles. owing to the illness of a member
OF his family. which has II cessitated his
almost constant attendance at his home
during that time. This fact, Mr.. Law.
son says, has been taken advantage Of
by his enemies on the street, who have
endeavored in many ways TO make
things uncomfortable for him, Chieiest
among these attacks, he says, have been
the repeated rumors that he has been
liquidatiDg his holdings OF Butte X Bos-
ton sto k.
On the day following the bringing OF
the suit Mr.. Lawson made statement
10 the effect that the present holdings Of
Butte 4 Boston stock OF his house are
rising 10 600 shares OF the outstanding
POO, 900 shares of the capital stock OF
the company, and that since the issuance
OF Choppers" neither his firm nor the Gus
TONERS Of the firm have sold altogether
1000 shares OF the stock.
In regard to the suit brought against
him by Messrs. Blood and Lawrence, he
stated that it was based upon a business
transaction of years ago, and that the
basis OF the suit is two notes which were
settled tour years ago, and which are
now in the hands OF his attorney.
He further stated that the whole mat
ter is in the nature of personal attack
upon himself by local operator.
Said Mr.. Lawson, II do not owe this
promoter dollar; in fact, do not
know him.
II do not owe Aretas Blood or II. l..
Lawrence dollar. On the contrary, they
owe me and my associates some hun
dreds Of thousands OF dollars, for which
we are bringing suit"
1t transpires that the Isle Royale syn
dictate paid the sum OF 1852 500 for the
various properties that comprise the
Isle Royale property, and also that the
81 900. 900 capital stock offered the pub
lie at $40 per share has been subscribed
for with the exception OF 5000 worth
The promoters of the scheme paid the
um of $4,000 for the Huron mine,
$50, 900 for the Portage Lake property,
$50 900 for the original lsle Royale,
ST., 500 for the stamp site and the ex-
penses of negotiations, etc., were $1O,-
600.
1t was reported today by the Financial
News Service that the management OF the
Quincy mine are considering the question
OF building an electric smelling plant at
Houghton. Should this be done the
revenues OF the company ought to be
increased materially by the silver that
would be separated from the mineral
by the process, for the amount OF the
more precious metal to the ton of mineral
isfully sixteen ounces.
The metal market has not been partic-
ularly prolific OF features during the
week and at the moment there seems to
be just the slightest inclination towards
weakness, the general tone being quiet.
Two dividends were declared this week,
the regular SO per share on Quincy and
81 on Kearsarge.
The findings in the Franklin Pewabi
litigation did not cause great deal OF
comment IN local circles although many
thought that the decision would be the
reverse OF what it was. EVERETT.