The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1903-10-31
AFFAIRS IN MONTANA.
a Review leading 70 Present condI
lions.

NVNhUA~& W t4AN~ AAtctNekM~~1n1
Amalgamated Copper company (which
includes the old Marcus DAILY hold.
ingsl. the MontanH Ore Purchasing
company. controlled BY y. Augustus
HeiHze. and Senator w. A. Clark. Sen.
at0T Clark Is friendly with the Anal.
gamated Copper company. but is not
heavily interested In that corporation.
iieinEe and tho Amalgamated com
pany have been for several years In
bitter litigation. and have also fought
each other politically.
The Amalgamated Copper company
was formed under the laws Of New
Jersey April u, 1888. In q statement
made TO the New York stock exchange
in June. 1901. the company stated that
IL owned the following stoeks' All Of
the washOe Copper Mining company
Of Butte. Colorado Smelling 4 Refining
company Of Butte. Colorado Smelling
4 Refining company Of Butte; Dia-
mond Coal 4 Coke company Of Dia.
mondVilie. wyo.. Big Blaekfoot Milling
company Of Bonner. Mont. and = ma,
iOrity Of the stock Of the Anaconda
Copper Mining company. the PaFfott
Silver company. the HenBessy Mer.
camille company. the Boston 4 Mon
tana Consolidated Copper a. Silver
Mining company. and the Butte 4 Bos-
ton Consolidated Mining company. all
of Butte. Mont The original SIS. 600.
600 stock Of this company was offered
tor public subscription al par, closing
May I. 1893. Il Is stated that the total
applications amounted 10 nearly tilz.-
600 600. The capital was increased 10
tl55 600 900 10 June. 1901. 10 acquire
the Butte d Boston and the Boston
4 Montana properties. The president
is H. H. Rodgers. who Is represented
in Montana BY William seAlion Of
Butte. The directors include II. u.
Rodgers. William Rockefeller and VIII
liam g. Rockefeller of the Standard
on company. Robert BACON ~ J. Pier.
poul Morgan company. James Sllliman.
p. 4. oioois. A. &. BurrAge and A r.
Flower.
About the time q the forming Of
this corporation John MaeGinniss. an
associate ~ HeinEs. bought 100 shares
q stock IN the Boston a Montana.
lie brought suit TO proven, the sale
10 tho Amaigamated company q the
n 4 n. Properties Judge William
Clancy % the district court Al Butte.
on HeinEc's application. appointed \
receiver for the u. 4 ~. and. while
The tNcsiFsrship was subsequently, dis
solved sud Judge Clancy was com.
PEELED 10 order \ rc,urn o. the prop
rrty 10 the Bostoa a Montana com
paHy. Judge Clancy taxed. IS onsiH.
Aad ordered Judgment against the Boe.
loa a Montana company on account %
the recriYerahip expenses amounting
10 tssi.ooo. allowing 100000 Of the
amount 10 Tom Kinds, ~ receiver
So. 600 To tho attorneys. Mediation a
costoF. and The remainder TO other per
sons employed BY Hinds.
About sWo years ago MacGinnihr
bsuaEhs tho present actions against
tho Boston 4 Montana company. has
. Ing bis right 10 maintain the same on
bis ownership uf tho same 100 shares
II stock. he procured from the dis
gTtcg oour, a restraining order al that
time which uas as broad ~ the 10
T. junction granted = few days ago. Foi
more tsAa two yoara the Boston 4
Montana company has been cndcavor
ing 20 procure hearing Of MacGln
!. nisa' motion for toe Appolnimont Of
rpcesvcf and gn!unction and TO obtaii
!. a dissolution u restraining order.
= Tho suit alleges that the Amalgs
mated company proposes TO form
,rus, 10 control the price 81 cope
and wuuid lniurc the riKh,s Of d. q y
stockholders. The injunction has PR
. vented the amaiEamated company vo
ing ia - per cent stock or paying on
the ts.ooo. 600 diviacnds a has oarne
o. since It took over the property.
BE In the decision Just handed dow
q Judge Clancy holds that the Amalgl
70 mated company IL prohibited froI
10 holding any stock in the u. a N. cor
st pAay under a Montana Law prevents
w the acquiring by one corporation
AZ stock Of another. Attorneys for q
~ AmaiEamA,ed company say that a.
na viii take ak OF eight months TO g
DIV the case into the supreme court, In q
NJ meantime the only thing 10 be done
10 suspend all work on all Amall
mated properties. They add;
-othet companies in which I
A AmAlEamated Copper company IL
majority shareholder. such 40
tho lutte q Boston, the washoe. the Co
Nm RADIO. ,he Anaconda and the Parrc
I'm. are in exactly the same situation
M. the posioa q Montana company
ary Judge Clancy ia rish, in his express
I.,a legal views, and those companies cl'
srs. down for tho same reasons and
o,., cause Of the same necessity for do
IN. 10 that compels the closing down
the Boston 8 Montana company.
The result ls the AmalEamatcd c.
nan,es have all closed. The Clark
,ha uaipse properties are stili