The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1903-10-27
10 CHANGE IN SITUATION At
BUTTE.
atINzE MAKES AN OFFER
SUBMITS Proposition for Settlement OF
Pending Observation-Disclosures
by AmaIgamated Company.

Rltte. Oct. 27.-NOthlng mas occu1
red to cause a change IN the sltua-
tinn resulting from the shutdown Of
the Amalgamated company's mines.
meetings were held this a1ter-
noon. one by the Miners union 70
hear the report of the committee ap-
nointed to make an offer to john Mac
Ginnis for his shares OF Boston q
Montana and Parrot stock, n the
other at the call of F. A. Heinze and
his friends. The latter tool place
in front OF the court house and was
attended by an immense crowd. Mayor
Mullins presided.
offers to Settle.
Heinze made a long address IN
which he explained the position OF
himself and his associates in reference
to the litigation between his COM
pany and the A~malgamated. He also
read a written offer to the Amalga-
mated company looking to a settle
ment of the different matters al issue
between them. In it was stated that
Heinze was authorized by MacGlnnls
to say that he would sell his loo
shares of Boston & Montana for 500
a share, or a total of 100000, with
interest at the rate OF 8 per cent per
annum since date of purchase; that
Lamm and MacGinnis would sell their
Parrot shares for $35 a share, with
s per cent interest per annum from
date of purchase, provided the orders
and judgments now entered in the
case of Forester and MacGinn1s
against the Boston & Montana COM
pany, and the costs OF the various
suits with reference to the stock are
paid, and the whole controversy in
regard to this stock and their rights
as stockholders shall be forever set
tied. 1t was also further provided
that the five undivided 26th of the
Nipper mine owned by the Anaconda
Copper Mining company shall be sold
and conveyed to Heinze at the price
paid therefor by the Anaconda COM
pany at the time it acquired the in
terest, Heinze to pay interest at the
rate of 8 per cent from the date OF
purchase. Still another provision in
the offer of settlement vas that the
Anaconda and Parrot companies give
to Heinze a deed OF conveyance as
surfing title to all OF the veins and
ore bodies contained in the Nipper
claim, and that the entire controversy
with reference to the Nipper lode
shall be forever settled so as to
enable Heinze to operate the prop
erty.
Two other provisions were contain
ed in the offer, n that the Miners
union shall obtain an agreement from
President Scallon and H. H. Rogers
that the Amalgamated mines shall be
kept in continuous operation for the
next year, and the other that the pres
emit rate of wages prevailing in the
mines and smelters at Butte shall be
maintained for a period OF three years,
at least.
AS a separate and distinct offer
looking to a settlement OF the entire
controversy Heinze agreed to leave
the matter to an arbitration board,
to be composed of five members,
two to be selected by himself, two
by the Amalgamated company and the
fifth to be selected by the four al
ready named, the decision OF the
board to be final and binding upon
all parties.
Scallon Rejects Offer.
President Scallon, on behalf of the
Anaconda company, declines to enter
tain the Heinze offer of arbitration
He says that such arbitration is moi
recognized by law and the findings
Of the board proposed by Heinze
would not be binding upon any OF the
parties to the various controversies
While maintaining that the Amalga
mated company is not indisposed tt
settle the controversies and will give
consideration to any effective method
to bring about a settlement, he in
sists that both parties must try AMI
be fair, something he says Heinze il
not, or there would be little trouble
Ii arriving at a reasonable settle
ment.
AS Scallon figures it the offer t.
sell the MacGinnis stock and the Pre-
vision of Heinze that the Amalgama1
ed shall pay all the costs of the diffel
ent suits would entail, il accepted