The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-12-18
ECONOMY is THE THING
A Montana Company Organized
Under Washington Laws.
TO AVOID THE STATE FEES
The Colusa-Parrott Mining and SrneIt-
ing Company Saves 5000 by Be-
ing Incorporated in the State
Of Washington.

Economy il the thing. Five thousand
dollars saved is $4,000 made. The fol
lowing from the Spokane Review eN-
plains or pretends to explain why Butte
people organized a mining company un-
der the laws of the state of Washing
ton and why the Clark properties have
been transferred to "a Washington corpo-
ration:
1.-THE Butte dispatch in THE morning
paper announcing that W. A. Clark, the
millionaire mine owner of the Smoky
City, has transferred his holdings TO a
Spokane corporation known as the
Colusa-Parrot Mining and Smelling
company of Spokane, means that the
Clarks have Incorporated in Washington
10 escape an oppressive Law concerning
corporations in Montana. said promi-
nent citizen of Helena. who was in The
city yesterday. and who i well posted on
mining affairs. There is a law III Mon
tana that new companies Incorporated
there must pay registration fee of 90
cents per share To the state treasurer.
This, you Will see. in the case of the
new company referred 10. would mean
an expense of $1,000 on the 10000 shares
of the company. That Is an item well
worth saving.
Il do not know the object of incorpo-
rating the company" he continued.
There is doubtless good business rea-
son for il. The Colusa-Parrot mine is
one of the oldest and most profitable
properties in the camp having been
rich producer before the great Anaconda
properties came To the front. II Is still
producing largely and is equipped With
one of the largest smelters in the state.
i notice the company is composed of Mr..
Clark and his son. the cashier OF his
bank, Mr. johnson, and another Butte
gentleman with whom ] am not ac-
quainted. As the Traders National bank
here is the Spokane correspondent of the
Clark bank at Butte, ii Is possible that
MIR. McBroom is acting as resident agent
for convenience sake, though his hold
ings may be extensive liz the company
for aught | know. 1t has been the inn
preston in Butte that Mr.. Clark owned
the property outright.
AS to the sale including all of the
Clark properties in Butte that is clearly
wrong, as the Clark holdings in mines
in that camp are worth multiplied mill
ions.
c. f. McBroom. who Is a director in
the Colusa- Parrot Mining and Smelling
company, whose articles of Incorporation
were filed here the latter part of Noyem-
Der. was asked about the matter yester
day, but was reticent about imparting
information.
1T is not really sale" said he 1T
is an Incorporation of some of the Clark
holdings, but the Clark interests in the
properties are not diminished. The COM
pany is not yet fully organized and |
can tell You more about it when organ
ization is completed"
will the head office be here
Yes. but none of the Clark family
will be here in charge. 1t il only sort
of matter of form.
Mr.. MeBroom declined TO go further
into details concerning the deal.
The following dispatch was received
last night, but it is mnnfestly incorrect
in saying that the new company is a
Butte concern and that the Clark prop
critics have been consolidated in this
company:
Butte. Dec. 1.-THE dispatch sent out
yesterday to the effect that W A. Clark
had sold his Butte properties to the
Golusa- Parrot Mining and Smelling
company of Spokane is incorrect. The
Clark properties. mines and smelters.
have simply been consolidated into one
company known as the Golusa- Parrot
Mining and Smelling company. Ii is
Butte corporation and Mr.. Clark has all
his original interest.