The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1902-04-03
COPPER men LOSE
Opposition Gains Control Of
the Old Dominion Min
ing and Smelling
Company.

When the tellers got through counting
the shares, represented at the meeting of
the Old Dominion Mining and Smelling
Company's meeting, which was held at
the company's office in the Hudson Coun-
ty National Bank building yesterday, it
was found that there was a quorum pres
ent. and the meeting proceeded.
A. S. Bigelow, of Boston, who has con-
trolled the company, and all his friends
in the Board of Directors were thrown
out and new board was elected. The
new directors were of the choosing of
Towle & Fitzgerald, the Boston bankers
who have been after the scalps Of the
Bigelow crowd for several weeks
When the meeting was over it was whls-
pered that the throwing out Of the old
board really meant that the control of
the company had passed into the hands Of
Thomas w. Lawson.
James B. vredenbuFgh. of this city,
was chairman of the meeting. and Isaac
F. Goldenhorn, secretary. Mr.. Vreden-
burgh was the choice of the Towle & Fitz-
gerald crowd, while Mr.. Goldenhorn was
one of the Bigelow representatives.
The secretary read the annual reports
of the treasurer of the company and the
superintendent of the mines. The trea-
surer's report showed, among other
things, that the gross value of the ore
mined in 1901 was s1,27S,s77.SS. The cost
of mining this ore. according to the re-
ports, was s973,s93. and the other expenses
1851, 425.40, leaving a surplus of S41, 6594S.
One part of The report which seemed
TO interest those at the meeting was that
which stated that, while other copper
mining companies had been able, during
1901. to get an average price of 1914 cents
for their product. the Old Dominion had
only been able to get an average price Of
12s4 This was party explained by ar
other statement to the effect that the
company had held large amount of ore
for higher prices than those obtainable
at the time it was mined and that later
needing the money for running expenses,
had to unload this ore at the best ~rics
obtainable.
The report was received with groans by
the Towie and Fitzgerald party. When
the groaning stopped Mr.. King. the
spokesman of the Bigelow crowd. moved
that the minutes of the last annual meet
ing be read. The chairman called for the
minute book.
TITS not here" said Mr.. King.
do you mean to say" asked Mr.. Fitz
gerald, that the company's books have
been removed from the State. Why,
that's against the law"
Mr.. King guessed they had. but he also
guessed that they had been removed for
the transfer of stock to be made. The
chairman decided he couldn't accept the
manuscript presented as the true minutes
and Mr.. King moved that the vote OF ne
stockholders for directors for the ensuing
year be taken The result of the vote
was as follows
Ideal number of shares, 10000. Number
of shares voted. 1ss. 4sS or this number,
the following ticket, put up by Towie &
Fitzgerald, received the votes of 107.S7s
shares: Charles S. Smith Joseph t. HER
rick, Charles G. Lund, Edward F. New
ton, J. Waldo Smith. The opposition tick
ct received the votes of 25,62a shares The
men on this ticket were John H. Pierce,
j. II. Rard, George Van Dyke, A. Davis
Wild, Maxwell Woodruff, Leonard Whea-
Ter and Edgar Boffum.
The election of the new board makes
impossible the election to the presidency
of the company of A. S. Bigelow. 1t also
means that the Lewisohn Brothers have
lost their representation in the board.
The late Leonard Lewisohn was a meai-
Der of old Board of Directors and
Maxwell woodruff of Maine was nomi-
mated by the Bigelow crowd to his place.