Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1903-10-27
MIR. Heinze Has a Way For
Relief of Montana
MACGINNESS GENEROUS
He Will Sell His Stock For Less
Than the Offer But nr. Heinze
Attaches Several Conditions for His
Own Betterment.

steps of the county court house in this
city r. Augustus HeinZe this afternoon
addressed a mass meeting of the min
ers of Butte. over $1,000 persons being
in attendance. AS the representative
of John MacGinniss. Mr.. ileinZe. IN his
speech, made q counter proposition to
the offer of the Butte Miners union
to purchase Mr.. MGcC'inniss' st)cx in
the Boston 6; Montana and Parrot
mining companies and thus end the
litigation with the Amalgamated Cop
per company. After his address, Mr.
Heinze had thousands of printed cir
culars distributed upon the streets OF
the city.
The circular, which is Identical in
substance with the oral proposition
made by Heinze at the mass meeting.
was:
John McGinniss purchased the 100
shares of stock in the Boston & Mon
tann company in April or May. 1898 at
the cost OF 5000 per share. The cost
of the stock in the Parrot company
owned by Messrs MacG;nniss anl
MacGinniss was offered in 1899, and at
several times subsequent. 100000 for
TIC 10O shares of stock in the Bos-
ton& Montana company. I understand
the Butte Miners union to be willing
now to pay as high as $4,000 fer the
Boston & Montana stock and 500 per
share for the Parrot stock
Il am authorized by Mr.. MacGinniss
and MIR. 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 viii result to the benefit
OF the miners, laborers and business
people Of Silver Bow county and the
state of Montana, and am authorized
by them to make the following offer.
to -rit
THAT John MacGinniss viii sell the
100 shares of stock in the Boston &
Montana company for $500 per share
or 5000 with interest thereon from
the date of purchase at the rate of
per cent per annum and MacGinn!ss
and Lamm will sell their shares Of
stock in the Parrot company for s35
per snare with interest on the amount
at the rate of per cent per annum
from the date Of purchase of said
stock; provided the judgments and
orders now entered in the case of For
roster & MacGinniss against the Bos-
ton & 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 un-
divided thirty sixths CT The Nipper lode
claim, owned by the Anaconda. Copper
Mining company, or the Amalgamated
Copper company shall be sold, and con-
Veyed % me- for the price paid there
for by the Anaconda Copper Mining
company at the time It purchased the
same and per cent. interest thereon
from the date wnel the same was
purchsed. and the Anaconda Copper
Mining company and the Parrot Sill
yer and Copper company shall give me
deed cf conveyance. assuring title
to all Of the veins ard ore bodies con-
tanned within the said Nipper lode
claim. and that the whole controversy
with reference to the Nipper lode
claim shall be forever settled. so as
to enable me to operate the Nipper
property. This will put me in a posi-
ton TO give employment shortly to
something over five hundred men.
And provided, further that the
Miners union shall obtain an agree
lneat from, Mr.. Scallon and H. H. Rog-
ers that the Amalgamated mines will
De Kept in continuous operation fer the
next year and that the present rate
Of wages which prevails in Butte mines
ana smelterS shall be maintained for
period of at least three years.
AS a SEPARATE and distinct Offer and
looking to a settlement oe the entire
mining controversial. 1 hereby furth-
er agree TO select two men. the Anal
Samated company tc. 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 rights of the respective parties.
which decisions shall be final and bind
ing.
II hereby bind myself to the PROMPT
and immediate execution and carving
into effect of either or both of the
above offers if the same be accepted.
(Signed)
IF. AUGUSTUS TEINZE.
Dated this 26th day of October. 1903"
President VIM. Scanlon of the Ana
conda company tonight rejected the
proposition made by F. Augustus
Heinze for deed TO five thirty-sixths
OF the Nipper stock in controversy be
tween the Anaconda company and
Heinze. and the PARROT company in
return for the sale Of the stock of 100
shares in the Boston & Montana and
icC shares in The PARROT company,
owned by John MacGinniss.
President Scallo1 characterized the
proposition of Mr. Heinze as astound-
ing and ridiculous and unworthy of
consideration. In a statement issued
TO the press tonight Mr.. Scallon says
these offers may look innocent enough
IN the face, but in reality they amount
TO refusal 20 settle the MacGinniss
cases. They ars = turning down OF the
Miners unitn proposition because the
conditions of Mr.. Heinze's offers are
so unreasonable and eXOrbltant that