The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-10-27
5000 PER SHARE.
Price Miners Union Is Asked
to Pay for Boston & Montana.

Butte. Mont, Oct. 27.-From the steps
OF the county court house in this city
r. Augustus Heinze addressed a mass
meeting of the miners of Butte. over
nrreen thousand persons being in attend
ance. As the representative of John
McGinniss, Mr.. Heinze in his speech
made counter proposition to the offer
of the Butte miners union to purchase
McGinniss' stock in the Boston and Mon
tana and PARROT Mining company and
thus end the litigation with the Anal
gamated Copper company. After his
address, Mr.. Heinze had thousands of
printed circulars distributed upon the
streets of the city. The circular is
identical in substance with the oral
proposition made by Heinze at the mass
meeting, follows:
John McGinniss purchased the 100
shares of stock in the Boston and
Montana company in April or May,
1898, at the cost of 5000 per share. The
pany owned by Messrs. McGinniss and
Lamm was about $35 per share. John
McGinniss was offered in 1899, and at
several times subsequently,, $100,0 for
the 100 shares of stock in the Boston
and Montana company. 1 understand
the Butte Miners union to be willing
now to pay as high as s5e,oe0 for the
Boston and Montana stock and 800 per
share for the Parrot stock.
II am authorized by Mr.. McGinniss
and Mr. Lamm to state that they do not
wish to make any money out of the sale
of this stock, but, on the contrary, are
willing to make a sacrifice If a sale
thereof will result in benefit of the min
ers, faberers and business people of
Silver Bow county and the state OF
Montana, and I am authorized by them
to make the following offer. to wit:
"Tnat John McGinniss will sell the
100 shares of stock in the BOSTON and
Montana company for $500 per share,
or $40, 900, with interest thereon from
the date of purchase at the rate OF
per cent per annum, and McGlnnlss
and Lamm will sell their shares of
stock in the PARROT company for $35
per share with interest on the amount
at the rate of 8 per cent per annum
from the date of the purchase OF SAID
stock; provided the judgments and or
ders now entered in the case of Fores-
ter and McGinniss against the Boston
and Montana company and the costs OF
the various actions with reference TO
this stock and their rights as stock
holders shall be forever settled; and
provided further, that the five und1-
vided thirty-sixths of the Nipper lode
claim owned by the Anaconda Copper
Mining company or the Amalgamateo
Copper company shall be sold and con-
veyed to me for the price paid there
for by the Anaconda Copper company
at the time it purchased the same and
8 per cent. interest thereon from the
date when the same was purchased, and
the Anaconda Copper Mining company
and the PARROT Silver and Copper COM
pany shall give me a deed of convey
ance, assuring 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 set
tied. as to enable me to operate the
Nipper property. This will put me in
position to give. employment shortly to
something over five hundred men. And
provided further that the miners
union shall obtain an agreement from
Mr.. Scallon and Mr.. H. H. Rogers that
the Amalgamated mines will be kept in
continuous operation for the next year
and that the present rate of wages
which prevails in the Butte mines and
smelters shall be maintained for a De
Rod of. at least three years.
"As a separate and distinct offer. and
looking to a settlement Of the entire
mining controversies, I hereby further
agree to select two men and the Anal
gamated company to select two men.
and these four to select a fifth. which
committee shall have the right to settle
all disputes and the ownership of all
controverted ore bodies and declare
the right of the respective parties,
which decision shall be final and bind
ing.
IT herebN bind myself to the prompt
and immediate execution and carrying
into effect of either or both of the above
offers if the same be accepted.
(Signed) 'F. AUGUSTUS HEINZEl,
dated this 26th day of Oct 1903"