Arizona republican., 1904-03-19
THE GREENE CONSOLIDATED.
Discussion of Differences Between Stockholders and President Greene.

-DIScuSSICn or DtnerenceS Between
 Stockholders and President Greene.
 AS a result of the recent contro- Tersy among the dirRctors of the Greene Consolidated Mining company whereby certain interests in the com pany desired the issue of S2,0OO,000 convertable bonds but were defeated in their efforts by Colonel Greene and his associates, who succeeded after contest in defeating the bond project and issuing, in place of the bond, 144- 600 shares of new stock to stockholders at s1O per share, it is understood that the resignations of Directors F. A. Ray Barnard NJ. Maruch, John w. Gates and L. C. Weir were requested, but refused, as they were elected for year from last October.
 These resignations were requested because it was found that the stock owned by these gentlemen had been gold, and they were persona non grata with the Greene management, accord ing to the Bisbee Review. The books show that whereas John w. Gates at one time had 22,0O0 shares of stock in 0 Rss name, he now has but 1,C00 shares and that his clique, which apparently AAg been working for the control of tae Greene property, had sold a total 0f S0,0O0 shares of stock in an appar- eHt effort to force a decline in the price of the stock dscredit the com pSny and acquire control. The only end that has apparently been accom- p1ished has been to cause a decline in the stock from $17 to s1O.
 At the special meeting of the stock holders at which It was voted to in crease the capital by 144O0O shares, 66 per cent. of the 72O000 shares were voted in favor, but proxies providing fer 5000 additional shares were re- Ceived by the management too late to be voted.
 The now famous Parish report, which was ordered made by the eX- ecutive committee at a meeting when &essrs. Ray, Hawley, Gates and Bur chard were in the majority, cost the company S11,OOO and although there ts conclusive evidence that certain of the above members of the executive committee had advance information of The result of the Parish examination tWO months ago, the company was furnished with a copy of the report enly a week before the special stock holders meeting, and then received put carbon copy Of II, the original going to MT. Hawley.
 The Greene interests are now in absolute control of the property and although it is unfortunate that the board of directors is not working in thorough harmony, Colonel Greene has a majority of the directors with him and is devoting every energy toward placing the property in a strong fnan- clal position.
 ' Colonel Greene left for Mexico last week to visit the property. Before !. leaving, he said to a representative of the Boston News Bureau:
 My mana cement has been the sub iect of considerable criticism in the press because of the heavy expendi- ture of money, but I don't think l have been treated fairly. It has been charged that We have spent money like drunken sailors but this charge san not be sustained. The Amalga- mated company spent $7,O0O,00O in building it's Washoe plant at Butte, which has a capacity of about S,OO0,- eco pounds of fine copper per month. We have spent $4,00O, 900 in erecting at Cananea a plant capable of treating S.oe0,000 pounds of copper per month, yet we are called eXtravagant. In three years we have opened I'D twenty