The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-04-14
HALE EXPLAINS.
Nearly All the Missouia Stockholders Will
stay with Him.

Nearly All the Missoula Stakeholder Will
stay with Him.
Missoula. April 13.-The Mlssoula stock
holders Of the Iron Mountain Mining
company have, almost without excep-
ton. decided to stay with the Hale man
agement in the squabble now In progress.
There are In the neighborhood OF ls.tOO
shares of Iron Mountain stock held in
Missoula. and IL is stated that all hut
about 5000 shares have been proxied to
President Hale of the company. Mr.. Hale
has addressed "A circular letter to the
stockholders i'm which he replies to some
of the charges that have been made
against the management by the Miracle
faction. and this circular has been read
with interest by those who are concerned
In the matter. Mr.. Hale i'm this circular
briefly reviews the management OF the
company in the past and refers to the ex-
cellent returns that have been made to
stockholders. Mr.. Hale ntlmat that
the opposition to his management has
come from men In the company who have
aspired to salaried positions in the COM
pany and who nave been unsuccessful.
some for one reason and some for an
other. After discussing i'm a general way
the opposition's charges of m~ismanage-
ment. Mr.. Hale takes up the War Eagle
matter as follows:
And now, regarding the War Eagle
property. a portion of which has been
purchased and the remainder leased and
bonded by the company. | will simply
say that this was done after the
ton and upon the recommendation OF
Messrs. g. L. Dahler and Robert Angus,
both ~well-known mining men in this COM
munity, and who need no commentator
from me. and in support of whose judg-
ment upon the property ! need only say
that II has been corroborated by the fire.
quent efforts OF such men as q. X. Allen.
A. J. Seligman. John Murta. John s. Mil
Ter and PROBABLY 80 practical miners. TO
obtain "A bono and lease upon the property
during the past few years.
IAN mining operations involve more or
less chances. but | know of no property
any place that is more promising. and as
further evidence that ! think highly of
the mine. that is fully confirmed by the
charge that 1 have located the surround
ing country The recent locations mem
toned were made Jan. !, 1898, and pre-
yious To the offer of the property TO the
company, but were made with a view to
such offer, and for the better protection
of the company. and my instructions to
the engineer. Mr.. John W. Wade. who
made the locations for me, were that l
desired the ground located and the title
acquired for the purpose of keeping off
people who might take up the ground for
the purpose of annoying or Matchmaking
the ompany as we have had rather a
sad experience at the Iron Mountain
mine. where II has cost from ten to fifteen
thousand dollars TO get rid of people who
were there simply for the purpose of get
ting i'm our way In order to be bought
of.
These claims recently located have
no particular value at present. other than
to keep OF undesirable ~neighbors and sa-
looms. etc. and l refer to DIR. &. II. Head
and John w. Wade for a corroboration of
Intentions at the time these recent To-
cations were made"
The other charges made i'm the Miracle
circular are treated briefly as of no par
ticular importance. The situation has been
sized up by the Missoula stockholders as
one which warrants their staying by the
old management, and most of them are
preparing to do this.