The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-25
MAY DAY MEETING.
Stockholders Succeed in Naming New
Directors After a Struggle.


Directors After a Struggle.
when the special meeting Of the
shareholders OF the May Day Mining
company convened yesterday afternoon
81 was evident that q storm was brew
ing. After the committee ON creden-
tails submitted its report the storm
burst and for a time the proceedings
savOred more of a hot political rumpus
than a business meeting.
The opposition TO Manager Snow and
his adherents developed a world Of
strength, and Immediately following
sthe preliminary siirmish Temporary
Chairman Q. II. WiIcken was deposed
and Attorney s. p Armstrong was
made permanent chairman of the gath
ering. When that had been done the
Snow forces withdrew and the business
for which the meeting was called was
proceeded with.
In person and by proxy 3O4, SO4 shares
Of stock out of the 100000 in the cor
pOration were represented. and 271 SIT
shares were held and voted by the op-
position to the Snow forces. who ma !e
the contention in the beginning that
the meeting had been illegally called,
and that on that account any business
transacted by if would be illegal.
The fight was precipitated in the be-
ginning over a motion to adopt the re-
port of the committee on credentials.
Tt was proposed to approve the report
by a stock vote, and when the oppO-
sition saw through the play a mem
her of the Snow forces moved to ad
joCrn. The chairman was over
whelmed with points Of order. amend
ments. ETC.. and as his rulings seemed
70 favor the Snow contingent and as
he ruled, when an attempt was made
to elect q permanent chairman. that
regular business had already been con-
sidered and il was too late TO entertain
motion to elect a permanent chair
man. pandemonium reigned.
"TH tell you what we can do"
shouted Harry Joseph at the top Of
his voice: 1--WE can fire the temporary
chairman. This meeting belongs to
the stockholders of the May Day COM
pany and they can run it. MI Arm
strong has been nominated for perma-
nent chairman. An who favor his
election saw Aver "
A storm of Ayes greeted the call
FOR "a vote. and AIR Armstrong took
charge OF the gathering, while the OPP
position filed out
After getting down to business the
resignation Of John A. Hunt as director
was accepted and J. T. Darmer was
chosen to ON the vacancy. Next. Ed
w. Duncan was removed as n director
OF the company and John Campbell
vas named 90 ON the vacancy thus Gre
ated. each action being consummated
Ply stock vote. the smallest of which
amounted 60 26S.S17 shares.
When the board had been thus filled
n statement of the companys cOudi-
ton was asked for, and Secretary
Weeks read it. Tt showed that the
company owed SI34413. while the
money in bank amounted to S66717.
Something like $500 is vet due on the
last assessment and there IS a car Of
ore i'm transit which win provide sew
craI hundred dollars more. so the com
panv Is practically about even with the
world
Just what action viii be taken bv
the minority on the transactions of the
shareholders yesterday could not be
learned at the time the meeting was
going on Manager Snow declared she
action was altogether illegal. as did
several attorneys who had taken his
side Of the controversy. on the other
hand. the shareholders who were de-
termined 20 have a board Of directors
who would work together declared they
had received lesal advice from high
authority before proceeding and they
had no doubt that their action would
stand.