The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-05-24
TURNER OBJECTS TO IT
Senator May Try to Stop the Sale
of LIE Roi Mine.
HE Is NOW IN SPOKANE
1t IL Said He Hopes to Prevent Confirm
alton at the Rossland Meeting-A
Big Protest Said to Be In
Existence There.

The sale of the lie Roi mine at Ross
land is not confirmed, and IL probably
won't be. il Senator Turner of WASH
ington. who holds 81. 900 shares of the
stock, a prevent it. The first formal
payment by the British America corpor-
alton was made on May -. but il ap-
pears that the deal does not meet with
the approval of Senator Turner. Colonel
Ridpath and w. j. Harris. who own
individually a large number of shares.
nearly 10000 short of the number neces-
sary to prevent confirmation of the sale.
The Spokesman-Review announces that
senator Turner is home. 1t is said thai
Senator Turner does not approve of the
sale of the e Roi mine. 1t is further
reported that he has come all the way
from the national capital to stop the
sale. and that he thinks he knows how
to do 1t.
Since it was announced a few days
ago that the senator was coming home,
speculation has been rife as TO what
would call him here from the rgent
business requiring his attention as one
of the nations lawmakers. 1t leaked
out finally that the senator was COM
ing home to kick. He arrived yester-
day. That the lie Roi deal is the thing
that brought him home. and that he
does not consider the deal settled. are in
dicated by his own words I'm an inter-
view elsewhere in this paper. in which
he speaks of ii as 1.-THE proposed sale"
such an expression from one Who
weighs his words as carefully as does
Senator Turner. is suggestive.
There was a meeting of the lie Roi
directors last night. 1t was stormy.
The gentlemen did not speak in the
softly modulated tones of calm CONVEX
sation. They talked vigorously. The
sound of their talking was heard in the
hall of the third floor of the Hyde
block. 1t had a warlike tone.
A venturesome reporter penetrated to
the seat of war and asked senator Tur-
ner for the latest news. Il decline to
be quoted" said he.
1T is reported. senator, that o came
home to stop the sale of the lie Roi
Is it true?"
II will not be quoted on the subject"
There is a well-defined rumor on the
street that you object to the sale of the
lie Roi for 5000, 900. viii you affirm
the report?"
Il decline to be interviewed on the
subject"
Has not the sale proceeded beyond a
point where it a be recalled?'
Il will not discuss the subject"
rs it not true that a payment has
been made on the property"
II will not be quoted"
But. senator, the Spokesman-Review
will publish the fact in the morning
that you are here to stop the lie Roi
sale. We would like to have you say
something on the subject"
Il positively will not talk about the
matter"
Other ,oan,hars ~ the Doi airoo.o.
ate declined as positively to discuss the
subject. Most of them, when they
emerged from the office after the meet
ing last night, wore anything but a
look of calm happiness. They were wor-
ried.
1t is said that the senator is not alone
in his fight to upset the sale of the mine.
1t is reported that Colonel Ridpath is
with him, and hat w. ]. Harris will
stand in with the DIRECTORS if there is
any show to win. While the sale has
been confirmed in due form here, il
must also be confirmed at a meeting to
be held next month in Rossland. This
mas been regarded as a mere matter of
form. but 1T is said that Senator Tur-
ner depends upon 1t to enable him and
his associates to stop the sale. A vote
or two-thirds of the stockholders is re-
quired at that meeting to confirm the
sale. If Senator Turner can obtain the
fottS VI oic DIoft tIdH ii rDl10 OF the
stock he can stop the transfer of the
property.
The capital stock is 500, 900 shares. of
which Senator Turner holds 80, 900
shares, Colonel Ridpath owns 3S. 900
shares. and w. j. Harris 80. 900 shares.
Together the three own 109. 900 shares.
which is 1867 short of the number
necessary to prevent confirmation at
the Rossland meeting. II Colonel w.
w. D.. Turner stands with his brother
and votes with him the $1,000 shares
owned by himself and wife, the re-
quired number is almost reached. and
there are enough Of the small stock
holders Directing to the sale of their
stock at Sc per share to more than make
up the deficiency. 1t is not definite
ly known whether Senator Turner is
planning his battle with these allies or
not. but there are indications that such
is the case.
While the British America corpora
ton has turned over to the lie Roi COM
pany a check on the Bank of Montreal
for $500. 900. the payment has not actu-
ally been made, as the check is not to
be cashed until the sale has been final
ly confirmed in Rossland. Until the
sale is so confirmed the check is value
less.