Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1904-05-25
FINE WORK OF
FOXY FAUG
Montana's "Young Napoleon" Busy
These Days Manufacturing Fresh
Campaign Material.
CHARGE AGAINST AMALeAMArEo
Alleges That the Minority Stockhold.
ers Have Been Defrauded by
Mismanaeement.

Anaconda. May 1S.-B. +. Wilson.
representing the minority stockhold
ers of the Anaconda Copper Mining
company, and reported to hold prox-
les for the Rothschild interests, made
sensational charges against the nan.
agement of the company's affairs by
the Amalgamated Copper company at
the annual meeting of stockholders
held here today.
He presented figures from the com
pany's books showing that the net
profits had fallen off almost $4,000.
900 in four years, ana showed that
with no decrease in production of ore
and with the cost of treatment ma
terially lessened by new smelling ap.
paratus, the net profits have dropped
from $5,305,5 for 1901. to S1,60l POI
for 1903.
He charged the company with de.
frauding minority stockholders, rep
~resenting about 35 per cent of the
stock, through the United Metals
Selling company, and showed how the
cost of selling the product had in
creased from 81. 4S1. 7S9 in 1901. to 49,
POI, Isl in 1903, when, according to
the company's statement, 10000, 600
pounds less were sold.
Under the regime of Marcus DAILY,
the stock was worth $50 a share.
Today it is listed at $40. The mines
are all operating, and there is no ap.
parent reasc for the decrease.
The secretary was unable to explain
the decrease in profits to Wilson and
the Amalgamated people asked until
tomorrow TO make explanations. The
meeting adjourned till 10 o'clock to-
morrow morning.
The following directors were elect
ed. William Rockefeller, ii. H. Rog-
ers, A. c. Burrage. w. w. Dixon, A.
S. Bogert and William Bull.
Two other representatives OF the
minority stockholders, r. l.. Clinton
and H. l.. Maury, have prepared to
press the investigation at the meet
ing tomorrow. Maury Is said TO rep
resent Thos. w. Lawson. of Boston,
and promises to make more sensa-
tional revelations.
OF 1000. 900 shares. 100000 were
represented, but it Is believed Will
son held proxies for 100000 shares.
Anaconda, May 19.-At the meet.
ing of those representing a majority
of the stock of the Anaconda Copper
Mining company today, b. w. vii.
son, who. it was stated, represented
five shares held by C. Nj. Barren, OF
the Boston News Bureau. proceeded
to ask more question. which most OF
the others present calculated were to
effect campaign material for +. A.
Heinze. All of the questions asked by
Mr.. Wilson were answered and he in
turn was questioned as to the &C.
count of the Wednesday morning
meeting which appears in the Butte
Evening News. Mr.. Wilson, so 1t was
stated, averred that he had been call
ed up by telephone by a reporter and
asked concerning the meeting, but
that while he had agreed to grant an
interview following the adjournment
of the session, he had not given him
all the facts as printed in the News.
C. F. Kelly, however, asked Mr..
Wilson to explain how it was that
while the report printed in the News
was absolutely untrue. it contained
the questions which he mad asked.
Mr.. Kelly accused Mr.. Wilson of
having asked questions on Wedncs-
day in order 10 produce sensational
newspaper effect, and he asked Mr..
Wilson if he had any more questions
to ask.
1t was then Mr.. Wilson proceeded
to ask for further information. He
said he wanted to know whether the
Anaconda mine was a shell" and
was told that the mine was not a
shell" but that the usual amount of
copper ore was being taken from il.
Mr.. Wilson also wanted TO know
something relative to the newspapers.
He asked whether the newspapers
owned by the company were losing
money. He was at once informed
that the company does not W any
newspapers.
In addition to other things told him.
he was informed that he OF any other
stakeholder could at any time make
examination of the company's books,
records, transfer books. etc.
According to those who represent
ed the majority OF the stock at the
meeting all of Mr.. Wilson's questions
were properly answered and to the
satisfaction of all. c. VI. Barren,
whose five shares Wilson held as his
excuse for being present, Is alleged
by the others, to be connected with
the Heinze organization by reason OF
his afiliation with the Boston News
Bureau which, they claim, is under
Mr.. Heinze's control.
The statement to the effect that Mr..
Wilson represented the Rothschild
and other London bankers interests
was refuted.
The meeting adjourned sine die this
morning, the nonresident represen-
tatives returning to Butte on the at
ternoon train.
The shares at the session this
morning were represented as follows:
ID. Gay Stivers, representing 49,.
04S shares; DAILY estate. 10000; b. w.
Wilson, representing five shares; II.
l.. Maury, representing $50 shares for
Francis Marion and Nathan Lamster.
l.. Clinton. who represented 80 shares.
was not present this morning. The
total number OF shares that could
have been represented mount TO L.
100000.
One of the greatest blessings a
...In,3 ,.ap nan wieh for 10 a onod