The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-27
HncGinnis and Lamm Willing to Sac
rifce Their Mining stock I'm the
Interest of the Toilers.
NOT. ACCEPTED BY scALLoN
WHO SAYS HEINZE's OFFER Is IN
REASONABLE AND ExoRBITANT.
Little Prospect that the Butte Trouble
VIII BE settled Outside the Courts
Two Statements.

BUTTE. Mont, Oct. 26.--From the steps
OF the county courthouse I'm this city f.
Augustus Heinze this afternoon addressed
a mass meeting Of the miners Of Butte,
over 1900 persons being in attendance. AS
the representative of John MacGinnis. Mr..
Heinze. in his speech made a counter prop
osition to the offer OF the Butte Miners
Union to purchase Mr.. MacGnnis's stock in
the Boston and Montana and the PARROT
Mining Companies and thus end the litiga-
ton with the Amalgamated Copper Com
pany. After his address Mr.. Heinze had
thousands OF printed circulars distributed
on the streets or the city. The circular,
which is identical in substance with the
oral proposition made by Heinze at the
mass meeting. follows:
John MacGinnis purchased the 100 shares
Of stock In the Boston and Montana Com
pany IN April or May, 1895, at the cost of
500 per share. The cost of the stock in
the PARROT Company. owned by Messrs
MacGinnis and Lamm. was about SS5 per
share. John MacGinnis was offered in 1899.
and at several times subsequently. 100000
for the 100 shares of stock in the Boston
and Montana Company. 1 understand the
Butte Miners Union &c be willing now to
pay as high as $4,000 for the Boston and
Montana stock and 500 per share for the
PARROT stock.
IT am authorized by Mr.. MacGinnis and
Mr.. Lamm TO state that they do. not wish
TO make any money out of the sale of the
stock, but on the contrary are willing to
make a sacrifice IL a sale thereof will re-
suit to the benefit OF the miners, laborers
and business people of Silver Bow county,
and the State OF Montana, and / am au-
offer TO wit: That John MacGinnis will sell
the 100 shares of stock in the Boston and
Montana Company Tor szVe per snare, or
Of purchase at the rate OF per cent. per
annum. and MacGinnis and Lamm will sell
their shares of stock in the PARROT Com
pany for $50 per share, with interest on the
amount at the rate of per cent. per
anuun from the date of the purchase or
said stock; provided the judgments and
orders now entered in the case Of Forester
and MacGinnis against the Boston and
Montana Company and the costs OF the va
rIous actions with reference to this stock
be forever settled; and provided fur
Their that the five undivided thirty-sfxths
Of the Nipper Lode claim owned by
the Amalgamated Copper Company, shall
be sold and conveyed to me for the price
paid therefor by the Anaconda Copper Min
same and per cent. interest thereon from
the date when the same was purchased,
and the Anaconda Copper Mining Com
papy and the PARROT Silver and Copper
Company shall give me a deed of convey
ance, assuring title TO all of the veins and
ore bodies contained within the said Nipper
nss aea t To the e NppeT ode
shall be forever settled, as to enable me
TO operate the Nipper property. This will
put me IN posih,iO9 10 ls give ovs smp6Ssmen'
And provided, further, that the miners
shall obtain an agreement from Mr. Seal
lon and Mr.. III. h Rogers that the Anal
can1ated mines will be kept for the present
in continued operation for the next year
and the present rate or wages which pre-
walls In the Butte mines and shelters shall
be maintained for period of at least three
years
looking to a settlement OF the entire min
ing controversy l hereby further agree &c
select two men, the AmaIgamated Com
pany 70 select two men, and these fouI
TO select fifth. which committee shall have
the right 70 settle all disputes and the
ownership of all controverted ore bodies
and declare the rights Of the respective
parties. which decision shall be final ano
II hereby bind myself to the prompt and
immediate execution and carrying into eff
feet OF either or both OF the above offers Il
the same be accepted.
REJECTED BY SCALLON.
President William Scallon. of the Ana
conda Company. tonight rejected the prop
deed to fve-thirty-sixths of the Nippe
stock in controversy between the Anaconda
Company and Heinze and the PARROT Com
pany In return for the sale of the stock o
100 shares in the Boston and Montana ant
100 shares in the Parrott Company owned
by John MacGinnis. President Scallol
characterized the proposition of Mr.. Heinz
as astounding and ridiculous and unworth,
Of consideration. In a statement issued q
the press tonight Mr.. Scallon says thes
offers may look innocent enough on the face
but In reality they amount to refusal 4
settle the MacGinnis cases They are
turning down OF the Miners Union propo
sition because the conditions of Mr. Heinze'
offer are unreasonable and exorbitan
that they are impossible OF acceptance.
AS TO the proposed arbitration, Mr.. Seal
lon says IL Is one not recognized by law
ft would not be and could not be made bind
ing on Mr.. Heinze. and unfortunately woul'
settle nothing. but would only lead To NOR
prolonged litigation. After quoting the Law
that persons capable of contracting ma.
submit to arbitration any controversy which
might be the subject Of civil action be
IN Zee or for life" Mr. Scallon continues
1T appears that Mr. Heinze proposed
method Of settlement which the law doe
NOT recognize. and IL the decision wa
the arbftartors and the Amalgamated Com
pany and keep right along.
THE Amalgamated people are not indis
posed 70 settle these controversies. and an
effective method Of doing so would receiv
consideration. and would suggest that tn
best way to settle any difference is for bot
parties to try TO be fair. IL Mr.. Heinz
would try to be fair doubtless a reasona
BILE settlement would be reached"
Mr.. Scallon's statement dispelled all hop
Of an immediate settlement OF the war be
tween the copper interests The authorize
are taking every precaution to prevent an
disorder. and a small army of special polio
49, 1r1rx tf,r
bling houses Of the city will be closed a
once. The officials OF the city, though the
have everything under control now, fear III
result when an army of idle men such a
present traverses the streets OF the cit
grovs hungry.