Arizona republican., 1903-09-15
Mines and Minerals ;
Of Arizona
GREENE AGAIN REPORTED OUT
New York Has It That the Great Can
anea Property Has New President

Today report is in circulation that
at a meeting CT the stockholders of the
CaEanea Consolidated Copper company
in New York last Thursday, Colonel w
c. Greene was deposed from mis- posi-
ton as president of the company. says
the Bisbee Review of Saturday.
1t is impossible to confirm the rerort
today, but It comes from a source that
is considered worthy of credence. Par
ties arriving from Cananea state that
it is generally believed there that
Greene is out.
Sometime ago 1t was reported that
Greene was to be succeeded in author
ity by John d. Rockefeller, who.
through agents. has acquired 4 large
amount OF the stock of the CGnanea
company.
This report was strenuously denied
by Colonel Greene, wherever he found
a newspaper man. In spite of these
vigorous denials, there were many peo-
pie who, believed that if Greene had
not already been deposed, his power
was waning. and that it would pass
from his hands.
The details of the New York meet
ing last Thursday are meager All that
can be learned today is that u telegram
that Greene is out 1t is alleged to
have been received by an official high
in the employ of the company ct Can
anca.
In Cananea the report has created
quite Il stir 1t will probably be follow
ed by severe shape-up in the force
that had been employed by Greene. 1t
is an open fact that he always employ
ed old friends, regardless of competency
1T big salaries.
In Bisbee those who have heard the
report are inclined to believe that it is
true. The meeting OF the company was
called for last Thursday. and Colonel
Greene left Cananea over a week ago
to be present.
Should this change in the manage
ment of the company prove to be cor
rect. it Will cause regret along q num-
Der of the oldtirers in Arizona. Col
onei Greene has been a friend to all CT
them. Greene is credited viii never
having forgotten anyone who was able
to work him on the strength of former
friendship.
The Cananea proposition is one of the
biggest in the world. There has already
been nearly SIC, 00O, OG0 invested with no
dividends to amount to anything.
one OIL the reasons given LOT trfeeHe =
removal is the suit brought against him
by George Mitchell. who alleges that he
was promised $4,000 shares of the stock
of the company, which he never re-
ceived.
This is believed to have opened up
the fact that Greene has been lavish
in his presents of stock to friends.
1t Will be possible in the next few
days to either confirm or deny the re-
port.
Somewhat supplementary to the
above story comes the report from Los
Angeles to The Republican that for
some time several heavywaights in New
York's financial world have been gun
ming for Colonel Greene, and have been
persistently bearing" the Cananea
stock in the market for the purpose of
+ creating an uncomfortable situation for
the famous plunger. The shares have
almost steadily declined from $50, at
which price they seemed ''pegged" for a
| long time. Lately the quotations have
ranged from SIG to s1S, although $40 has
| been the price asked in Los Angeles.
| 1t is obvious that if Colonel Greene
| happened to be a heavy borrower in the
New York banks with Cananea stocks