The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-12-26
STEWART MINE TO REOPEN
Big Heinze Property Promises Resump-
ton Within the Next 80 Days

CCORDING to NJ w. Bacon, secretary the Stewart mine al
Wardner the affairs Of that company being Strengthened
at present and the metal market improves the mine will in
ton in 30 days Suits aggregng almost $4,000 have been filed
against the property and the matter getting these squared
engrossing the attention Of the company.
Edward Carter director from Spokane and NJ. W. Bacon
director and secretary Of the company from Butte in the city
recently and B F. ONel director and NJ L. Nebeker
the superintendent Of the property.
The directors decided to call for stockholders meeting
January 20 at O'Clock in the afternoon at Kellogg to
vote the proposition Of increasing the capital stock Of the Stewart
20O shares the stock be sold for the purpose paying off
existing Indebtedness and raise money for further work. The call
issued The capitalization the Stewart is for 900
shares Of the par value Of 81 each.
We expect to be able work the Stewart within 80
days, !" said Mr. Bacon the secretary Of the company
The Stewart has been closed last fall It ntanged
litigation just at the time the mill beginning out the
Since the shutdown various liens and suits have been fled
F. Augustus Henze the controlling interest in the property
That the obligations the will be taken promptly
that the filing suits recently but the stampede Of unreasonng and
pancy persons who have taken the opportunity Of investigating
condons that the Stewart will be running the end 30 days. and
be paying dividends MONTHS the statements made by Edward
Carter Of the principal stockholders in the company and
the who originally handled the transfer Of the property.
Hnze difficulties in New York have bearing the affairs Of
the Stewart than the difficulties sockhoder Of
alton, ~ remarked Mr. Carter
In judgment the people who become sampded belong in the
class that generally aamped banks continued Mr. Carter There
for such action and had Of them taken the
trouble investigate the affairs the Stewart company the absury
Of the position they assumed would be manifest.
BY reference the list Of stockholders the company number
ing about 00 have been able subscriptions the
stock.
THE fact that affairs they the having
Of other matters hand. The obligations Of the company will be
taken OF promptly #@
This stock will enable to handle affairs satisfactorily
The Stewart stock assesbe ALSO This together with the completion
Of the Stewart mill its full capacity with the prevailing prices Of lead
and silver will place the Stewart dividend basis within months
The work the Stewart will be resumed in 50 days. just
meet the legal requirements"
In regard the injunction matter which has occupied the attention
Of the federal courts Mr. Carter said:
mo controversy exists between the Stewart Mining company
and the Occur ene Developing company but between the
latter company and the Occur dene Metals company controlled by
Mace White Of Butte The mill Of the Stewart company being
built Occur dAen ground the active the trouble The
Stewart had entered into understanding with the Coeuy dAne
Metals company but not with the Occur dAne Developing company
and the Metals company not condition carry its side of
the agreement"
Mr. Carter the largest sokhder in the Stewart outside
Of Hein and known the who handled the purchase Of
the property from Hayes o. D. Jones and other local people when
Heins had bonded the property Two Of the directors not
present the meeting Chares Leonard Of Butte and Stanley Clifford
Of New York.