Arizona republican., 1907-01-16
ANNUAL MEETING OF
 THE TWIN BUTIES co.
Report That the Capital Stock Is to Be Increased to s2.ooo,0oo.. Property In Good Condition.


 In Good Condition.
 The greater part of last week was
 consumed by the directorate of the Twin Buttes Mining and Railroad Co.
 in preparing for and holding the an-
 nual meeting of the corporation. IL
 was finally accomplished though a
 complete report has not yet reached i here. The meeting was of consider
 able moment to Southern Arizona for
 the Twin Buttes is a big proposition
 and beside a big mine il operates q railroad thirty-three miles long. The l Tucson Citizen announced that some | things might be done other than the incidents of a formal meeting, though | just what they would be was not made
 known. Following is the report of the proceedings as given to date in the Citizen of Thursday afternoon. At the meeting of the directors of the Twin Buttes Mining and Smelling company held this forenoon at the Santa Rita hotel Mayor D. $. Rose, of Milwaukee. was reelected president of the company.
 The other officers chosen were us follows: First vice president. E. T. Davis. of Philadelphia: second vice president. Robert Nunnemacher, CT Milwaukee, who was also chosen rail road trustee; secretary, H. J. Blake ley. of Tucson; assistant secretary, F E. Geilfuss, of Milwaukee
 The complete list of directors as chosen bv the stockholders and an- nounced last night is as follows: D. $. Rose. E. ?. Hackett. Robert Nunne- macher. Julius Frank Samuel D. Ad- Ter. all Of Milwaukee: w. A. Barber of Waldo Wis: E. T. Davis and Felix Isman. Of Philadelphia. and John A. Baxter. of Tucson.
 There were three changes in the directorate. due to the retirement of Dr. William Earles. Dr. J. B. Hill and W G. Barber. all of Milwaukee. The new directors are Julius Frank and Samuel D. Adler. prominent Milwaukee capitalists. and Felix Isman, a capital l ist of Philadelphia.
 The board of directors Is composed of men who are well known in the fin ancial world.
 The directors held a session this forenoon and elected their officers. Ad- Journment was then taken until 2:3O o'clock this afternoon when a second | session was held which was still on | at the time of going to press.
 There Is much speculation as to what ]. may be done at the directors meeting this afternoon. There have been a | number of reports in circulation as to probable action but it has been i'm possible 10 confirm any of them.
 There is one report to the effect that the capital stock of the compahy will be increased S750. coo This would make the total capitalization S2.OOO 900 as the present capitalization is s1.25O.- poo. IL is understood that all the stock of the present capitalization nas been issued.
 A capitalization of S2.OOO. 1000 for a mining company is not above the aver age. In this instance in addition to their mining property the Twin Buttes own railroad from Tucson to Twin Buttes, which is of standard guage and B miles in length. This railroad cost fully a half million dollars.
 Another report that is on the streets Is to the effect that stock issue will not be made at the present time but hat a special meeting will be called ater in Milwaukee at which time this natter will be taken up
 However. neither one of the reports could be confirmed and they are but part Of the gossip that is going the 
 A report that is generally believed states that the Twin Buttes will un- ioubtedly select a mining engineer to 1e added to their staff. The property las assumed such proportion that a inning engineer who is thoroughly fs- niiiar with deep workings will soon 1e an absolute necessity. it Is said.
 It is known that at a meeting of the stockholders a report was read on the property of l.. C. Parker. who is a min ng engineer well known through Ari- .ona and Montana. The report was highly pleasing to the stockholders. .
 The reports of the officers for tre , 'ast year were also very pleasing and he stockholders expressed satisfaction with the conduct of the affairs of the company in the past year.
 While the stock. olders were in seS- ion yesterday afternoon Twin Buttes umbled six cents per share and caused ome uneasiness on the part of a num- 'er of persons who had bought on margin.
 The officials Of the company stated oday that they knew nothing about he fall in the price and added that hey were not interested in stock spec ation.
 The stock rallied today and went rom 73 to 74 cents per share IL was t 7S when the sudden decline came to g cents. This is explained by some asi 'eing due to speculation in Milwaukee nd 10 incorrect reports that might ave been circulated previous to the 1eet.ng. Twin Buttes is a lively stock n Milwaukee and there is considerable peculatiOn on margins there.
 Coakley-It's a funny thing that lan's youngest photograph is his old st.
 Joakley-Yes: but then on the other