The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-10-05
ANACONDA news.
ABOUT TO SELL
L. Roi Stock Will Bring More
Than % Per Share.
BIG LONDON SYNDICATE
After Muc Controversy the British
American Corporation Said to Have
Come to T~erms-Turner Men
Deny the Report

The controversy which has been GO
Ing on over the stock Of the lie Roi
mine has caused considerable interest
among mining men in this section,
many of whom are well acquainted
with the mine and the causes which
led to the difficulty. The following ac-
oun of an alleged settlement will be
read with considerable interest:
The Turner faction of the lie Roi
company has agreed to dispose of the
stock held by its members to the Brit
'ish America Corporation at a trifie over
IS per share. Some say the price is
ss.12h. while others assert with equal
confidence that the figure is ss.25. The
price met the approval Of Governor
Macintosh. who cabled to London the
recommendation that Tire deal be
closed. Ii is confidently predicted by
those on the inside that the deal will
be contaminated Tomorrow or Tuesday
at latest. and that the ownership of
the mine will finally be vested In the
big London syndicate. There were
smiles on the faces of the Turner fac
tion yesterday in consequence OF the
receipt of the good news. which was
really too good To keep.
The first intimation which the min
ing men Of Spokane had OF the i'm
pending settlement was when Col. W.
N. Ridpath came down Riverside yes
terday afternoon with every shadow
OF care removed from his broad brow.
n with an expansive and ever-ex-
banding smile opening his features.
The colonel has not been in 50 genial
a mood since the senator returned from
Washington. He fairly beamed with
Joy. and after he had set 'em W twice
in quick succession to a small coterie
of friends. IL became a matter Of COM
mon knowledge along the street hat
something had happened in lie Roi cir
cles and that Colonel Ridpath was cell
The news leaked out in the course of
an hou lie Roi news has ever a ten
dency to leak. Directors may firmly
resolve that the reporters shall be
coldly turned down, hut the lie Roi
item always comes to the surface at the
time. The story was quite gen
orally known last evening.
When Senator Turner went to Ross
land a few days since he was prepared
to treat with the II. A. &. people for
a settlement. He held the whip hand.
He had won every fight In the courts
and had still another contest 10 wage
in the form of a big damage case. IL the
II. A c. were not disposed TO talk
DuflntSS dCGbIuluk 10 the SENATOR =
dea IL Is said hat the senator had
fixed his minimum price for the stock
at about $3.50 per share. II Is known
that the other members of his faction
have expressed a willingness To settle
for that price. The senator did not 60
TO Rossland unlimited. The u. a. G.
sent for him, having first ascertained
hat such an invitation would not be
coldly received. He was royalty enter
tanned. A peer of England welcomed
him. The high chiefs OF the corporation
paid him homage. Fol he was the
whole thing. He held the hope for sal
walton of the II. A. c. i'm the hollow
Of his hand.
After the feasting and the palaver-
ing. business was preached. and the
Washington senator did not forget that
he was a Yankee. He drove n Yankee
bargain and made IL stick. and the out
come will probably be that the entire
Turner holdings as well as the shares
of all who stood with him IN. the oppo-
sitiOn win be transferred for a price
above IS per share.
II Is another Turner victory. That
Is. IL will be. IL Whitaker Wright does
not turn the whole thing down. which
is not likely to occur The senator has
not lost a trick so far. The only times
when there was any indication of bad