The herald-advance. (Milbank, S.D.) 1890-1922, 1903-10-30
HEEVZE HAS Plan
MAKES COUNTER PROPOSITION
TO THE BUTTE MINERS
UNION.
SCHEME TO SETTLE DISPUTES
OFFERS TO SELL STOCK TO THE
MINERS At COST WITH
INTEREST.
LEAVE DISPUTES TO C0MM'I1t
WHOSE DECISIONS ON coNTRo'
VERIFIED POINTS SHALL BE
BINDING.
LEAVE DISPUTES TO COMMITTEE

Butte. Mont. Oct. 2S. From 'he
steps OF the county court house in this
city F. Augustus Heinze, yesterday
afternoon addressed a mass meeting
of the miners of Butte, owe 10000
persons being in attendance. AS the
representative of John MacGinnis, MT.
Heinze in his speech made a counter
proposition to the offer of the Butte
miners union TO purchase Mr.. Mac
Ginnis' stock in the Boston n Non
tana and Parrot Mining companies,
and thus end the litigation with the
Amalgamated Copper company.
After his address, Mr.. Heinz had
thousands of printed circulars dis
tributed upon the streets of the city.
The circular, which is Identical in
subject with the oral proclamation
made by Heinze at the mass meeting,
follows:
John MacGinnis purchased the 100
shares of stock in the Boston and Mon
tana company in April or May, 1898, at
the cost of $500 per share. The cost Of
the stock in the Parrot company, owned
by Messrs. MacGinnis and Lamm. was
about S35 per share. John MacGinnis was
offered in 1S99, and at several times sub
sequcntly. 500. 900 for the 500 shares Of
stock in the Boston and Montana COM
pany. ! understand the Butte miners
union TO be willing now TO pay as high
- r-n No. g.. ~ aEy1 and q " a
stock and 500 per share for the Parrot
stock.
Il 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 d sacrifice If "A sale thereof VIII
result to the benefit Of the miners, Ia
borers and business people Of Silver Bow
county and the State of Montana, and L
am authorized by them to make
The Following Offer:
That John MacGinnis will sell the 100
shares Of stock in the Boston and Mon
tana for 500 per share. or $4,000, with
interest thereon from the date OF pUr-
chase at the rate of s per cent per ar
num-, and NacGinnis and Lamm will sell
their shares of stock in the Parrot ON
pany for $50 per share, with interest on
the amount al lHt rate OF Q per cent
per a2nun from the date of the purchase
of said stock. provided the judgments
and orders now entered in the case of
Forester and MacGinnis against the Bos-
ton and Montana company and the costs
of the various actions with reference to
this stock and their rights as stockholders
shall be forever settled, and, provided
further, that the five undivided thirty
sixths of the Nipper Lode claim owned
by the Anaconda Copper Mining company
or the Amalgamated Copper company
shall be
sold and Conveyed to Ne
for the price paid therefor by the Ana
conda Copper Mining company at the
time it purchased the same and 8 per
cent interest thereon from the date when
the same was purchased, and the Ana
conda Copper Mining company and the
PARROT Silver and Copper company shall
give me as = deed of conveyance, assur-
ing title to all of the veins and ore bodies
contained within the said Nipper Lode
claim and that the whole controversy
with reference to the Nipper Lode claim
shall be forever settled, as to enable me
to operate the Nipper property. This will
put me in a position to give employment
shortly 20 something over 500 men; and
provided further that the miners shall OBJ
tain an agreement from Mr.. Scall0n and
Mr.. II. Fl. Rogers that the ~Amalgamated
mines will be kept for the present in con-
tinuous operation for the next year, and
that the present rate of wages which pre-
VOLS in the Butte mines and smelters
shall be maintained for a period of a,
least three years.
Proposes arbitration
AS a separate and distinct offer anC
looking to a settlement of the entire min.
ing controversy, I hereby further agree
TO select two men, the A~malgamate
Copper company to select two men, anu
these four to select a fifth, which com.
mittee shall have the right TO settle al
disputes and the ownership of all con.
trOVertcd ore bodies and declare thu
rights of the respective parties. which
declsion shall be final and binding"
President William Scallon OF the
Anaconda company last night rejected
the proposition made by Mr.. Heinze
for a deed to fve-thirty-sixths of the
Nipper stock. President Scallon char
acterized the proposition of Mr.
Hence as astounding and ridiculous
and unworthy of consideration