Cochise review., 1901-01-19
NEE INC or THE STOCKHOLDERS AT SOUTH BISBEE ON
 TUESDAY.
New Board of Directors Elected and Bylaws Amended.---W. F. BOtSfOrd Chosen PreSi-
 dent,

anu 1OWusllC OOLI pony was held at the office of the company at South Bisbee. There were present E. w. Gilmore, vice-Prest.; H. w. Lewis, Secy.: Gen. Peter Weidner, gen eral manager: w. F. Botsford Lynn Helm and c. B. Jones all of Los An geles, Henry w. Coulter, of Greens burg, Penn, NJ. D. Scribner, of Tomb sione, James .Letson, Peter Johnson, Morris Denn, k. B. Mason; Samuel Hayhurst and John S. Williams, of Bisbee. The meeting was presided over by Vice President Gilmore, and Messrs. Jones, Scribner and Coulter se- lected as judges of the election. After calling stock-roll it was announced by Secretary Lewis that a quorum of stock was represented. Pending the election of Directors for the ensuing year several amendments to the by laws were offered by Mir. Helm. The most important of these was one abol- ishing the office of General Manager, and placing the powers and duties heretofore attached to that position in the hagds of an executive committee of three to be selected from the Board of Directors. This amendment was se- conded by Gen. Weidner, and adopted without debate, as were the other amendments proposed by MT. Helm. During the interval the reports for 1900 ot the Secretary and Treasurer were read and ordered spread upon the minutes. These reports showed a sale during the past year of only 15,339 shares of the Treasury stock and the receipt of over S7000 from proceeds of six carloads of ore extracted in pro- cess of development and shipped.
 AS there are nosalaried, officers of the company no expenditure was reported upon the usual item of Salaries to Of ficers," even Secretary Lewis has con- tinuously performed the duties of sec retary without pay.
 Announcement was made that vot- ing for directors would proceed and the polls kept open till four o'clock. But one ticket was presented and at the close of the polls the following named gentlemen were elected:
 w. F. Botsford, Peter Weidner, c. B. Jones, Lynn Helm, Daniel Hagan, E. T. Earl, w. H. Burnham, all of Los Angeles; H. w. Coulter, Greensburg, Penn., Peter Johnson, Bisbee.
 3,2l7, ,5l6 shares of stock were repre- sented and voted, quite largely by proxy, Peter Johnson holding proxies : from almost all of the Tombstone and Bisbee shareholders. The largest block of stock voted by proxy was that of Richard Coulter who was represented by his son, who is also a considerable shareholder. w. F. Botsford, voted his large block of stock in person. The meeting was thoroughly harmonious; not the slightest friction being appa- rent After the announcing of the election of the Board of Directors, the shareholders meeting was declared ad- journed sine die. Immediately after wards the Board held brief meeting at which w. F. Botsford, was elected President, Peter Weidner, Vice Prest. and Treasurer and C. B. Jones, secre- tary. The Board meeting was then adjourned to meet in Los Angeles on Tuesday 22nd inst.
 The South Bisbee company was or ganized in 1898, John r. Martin, of Xenia, Ohio, being the promoter. The capital stock was placed at $5,000,000 Mir. Martin was made President of the company and was in effect "the com pany." Options on large number Of mining claim were secured and treas ury stock was placed on the market at 15 cents. President Martin retired from the company within year hav- ing disposed of his entire holdings. He was succeeded by John A. Fairchild, of Los Angeles, who has held the position since until Tuesday last. The price of the treasury stock was advanced about two years ago to 25 cents and last year , to fifty cents. Even at the latter price , but few, if any. of the Bisbee holders Fare willing to dispose of it; very con- , siderable quantity of stock is held here and in Tombstone and it is distributed among large number of persons, the larger holdings here being those who disposed of mining claims to the com ypany taking stock in payment. Among ! the latter are James Letson, Peter fJohnson, Morris Denn, M. O'Reilly, Harry Hanninger and Porter X Gem- chle. The company now hold forty four patented claims and two not yet patented. Of the claims acquired by the company the Coulter group of II claims was located by Henry Campbell in 1880 and afterwards acquired by Richard Coulter, of Greensburg, Penn., who was here in 1885. In the year 1891 Thomas Higgins did the necessary samount of work on the group for MT. . Coulter, who obtained U. s. patent for it. The Uncle Sam claim and two other claims were located in 1880 by Morris Denn, M O'Reilly and McCor- mick and son. Afterward the McCor- mick interest was bought by Peter Johnson, and the title was acquired by the company from Johnson, Denn and O'Reilly. The Letson group of twelve claims was located by James Letson in