The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
Report Was Authentic


That pretty scahng indictment our answer to it,
Our report OF April llth that agreement consolidate
cess and Alameda mines had been arrived Sanue
controlling the Success and Mayo Sachs Co., controlling the Aame
da published the atho Of o. Linn superintendent
OF both mines and large shareholder in each com
pany That report substantially when written Mr.
Linn having talked to Mr. Saus Butte long distance phone
the evening April 10TH few before read the proof of
the article in question which had already written and put in tvpe
on the strength the information he had previously given
Mr. Linn, then stated in the interest of
both had sought bring the consolidation about and that
he doing evidenced by the Mr. Sanes went
to Butte to such deal this on the evening Of
Wednesday, April 10TH Mr. Mr. Linn over the phone in
the the conversation above referred deal was closed
and that the would be signed the Tusay morning the
day of our issue.
No Hitch Anticipated
That there would be hitch the deal then ancpae
by either Mr. Samue Mr. Linn the editor Miner Rumos
of hitch the deal first heard Thursday after our pa
issued and at that time conviction and Mr. Lnns
WE'LL that the deal off at all H. samuels had
baked only after Mr. Smue had been Wallace for several
days that able to get statement from what had ac-
tual happened He then and has on Thurs
day. April 1h when he called Mayo Co office to sign
the papers, he informed they could deliver the good on ac
the opposition Butte holders 300 900 shares of Alameda
stock.
As the consolidation proposed to effect Mr. nns under
standing was that to be formed both
properties and that three quarters the new corporation
would be issued Of the Success paw
mnt Of the Alameda property This consolidation and the
Miner and is heartily in favor of it.
Was Not Real Consolidation
When Mr. samus finally unbosomcd himself regarding the nego
tatons he stated that Mr. Linn had been and that the only
consolidation that had been discussed had been purchase by himself
individually OF controlling interest in the Alameda by exchanging
enough Of Success stock for Alameda one share for four to
him control Of both properties This consolidation at all
and is therefore probably we'll that the fell through
The article which appeared in of April 18th this sub
juct revised and corrected by Mr. Samue publication lust
the article Of the preceding week had been and corrected by
Mr. Linn In both therefore, had taken pains to get
reliable information from interested parties"
News Was Original
As copying from the Spokesman any other
have done and will without credng the source of
the item If Mr. Reilly will take the trouble compare the dates of
the Wallace Miner Spokesman Review papers containing the
Alameda story he will find that the Spokane Butte
which did the copying We used to it. done every week
Deal Appears to Be Off
As the status Of the proposed consa
ion fear has not anytha is far amamaon the
companies concerned Both properties evidently destined for
time at least to go alone and separately The well
prepared for this About the Alameda sure To deyelop
its territory deeper than the Success No costly and
slow will eventually require machinery Of its and
To provide for all these wants has informed about 1OO
600 shares in the treasury.
Fortunately s not compelled embark in the very