Bisbee daily review., 1904-02-25
Greene Consolidated
 Fight for Control
SOME OF THE DETAILS.
Several Of the Wiseaeres Forced to Take Of Their Hats to "Biii' Greene-Who Still Controls tire Great Property at Cananea.

The Wall Street Journal, whic, i reached here last evel:ng, gives ar | account of the battle in New York City, among the stockholders, for con- trol of this vast property. The Jour
 nals account. in part, is as follows. T take off my hat to you" was the
 message H. H. Rogers sent to Colonel Greene, after last weeks meeting of
 the Greene Consolidated Copper stock holders.
 Colonel Greene still controls the great property, the fourth largest cop lper producer in the world. He spik-
 ed the opposition's guns at the elev- lenth hour. Whether his new allies,
 whose timely support saved the day for him, will continue to uphold his management, is a question for the fu- ture It is reasonable to suppose that
 they will, and that any hope of Anal
 gamated control of the big Mexican
 mine is lost.
 When Greene shares were selling at S20 last year it was an open secret
  half; that interests friendly to the
 Amalgamated were to gain control,
 and that Colonel Greene was to be forced out of the management.
 They'll break Bill Greene" was the word whispered around. The market attack on the stock was based on
 widespread report Of exhaustion of the ore deposits, of increased cost of
 mining, of extravagant management, and of a large floating debt demand ing an issue of new capital.
 None of thesn unfavorable reports was without for ldation, either in fact
 or in the opinion of high engineering
 authority A mining expert in the employ of the opposition interests had made a very unfavorable report on the life of the mines at Cananea; the cost of mining had, if only temporari- fly. increased; the management had lspent money with a lavish hand, ana had thereby created a floating debt' new capital was demanded. But against the report of enc eminent en- gineer on the life of the. mine was report by another equally eminent en- sineer that s17 COG, 900 of, ore was in sight and that the great deposits were vet unscratched. And as for the pour ing of money into the property, the need of new capital, it was argued py the management that Canenea was h;p nroposition and had to be treated as such.
 But ,le market quotation of the stock was cut in two, and certain ln- lterests. friendly to Amalgamated' py selling at the top and coming ID asaih
 at the bottom. were able to greatly
 increase their holdings at littl expense
 to their own pockets It IS game
 veil known by the particular interests
 who played it. It was the strens'n of their position, after this marhe' lcampaign that led the Gates-Hawiey Ifaction in the directorate to announce itbe;r nlan for a large convertible pond lissne. in opposition to Colonel Greene : lplan for sn increase in stock The bond issue, it was apparent, was iol
 the nurnose of lodging control of the lnroperty with the Rogers people. me lcompany, so the opposition told then friends. had 5000 shareholders, ant iCo,onel Greene's personal noidlhss were only one-seventy-second Of tn' ,. Ieapital issue. They anticipated ne ldificulty in forcing the president
 resignation and issuing the bonds- I If there had been no outside interes to share in Colonel Greene's optimism lover the future of the Cananea camp
 the Gates-Hawley faction might have