Bisbee daily review., 1907-09-01
CALUmEI 6 1EGia.

CALUMET 0 FiESiS. The annual meeting Of the Calumet
 & Hecla Mining company was held
 at the eompany's office. iE New iofk
 recently.
 This meeting, in r'ldi.ion to the reg
 ular routine, had as it's speCia, ub-
 ject the ratification of tEs purchase
 by the company of i29iS shares of
 the Allouez Minirs cotapany, ifGS0
 shares of the Csnteanla Mining com
 pany, 22,G7f shares of the OSceola
 Consolidated Mining cNmpany and
 50,10O shares of .ne Super.or Copper
 company. Another purpose of this
 meeting was the authorization of the
 sale to the La Sale Cooper company
 of a number of secti0ns of lard in
 Houghton county, Michigan.
 The meeting was called to order by President Aglssiz. COl Thomas
 L. Livermore was elecsei chairman.
 The proceedings were of unusual in-
 terest because A. :. Bigel0w. presi-
 dent of the Osceola Mining co.apany.
 was at the meeting IS a stOckholder
 of the Calumet & Hecta. M". Rigelow
 is opposing the Calumet .: Hecla peO- III LHC1I SllOlkS -O ftHaatAfAW -AA~ -Cs-
 ceola. and having purchased some
 Calumet & Hecla stock. he is carry- ing on his contest Tot cnly m the
 Osceola meetings but also in the Gal ! umet & Hecla me esunSs.
 Immediately after the esection Of l Col. Liyermore as chairman of the meeting, Counsel TEler, acting for X. i s. Bigelow, arose and said:
 q appear as counsel and proxy for A. $, Bigelow, and before my formal action is taken I wish 5o file Atr. Bige. 1 lows protest against the use of ,bo 1 proxies which have solicited and i which you have here These proxies have been solicited by the manage ment in order to maintain themselves ! in power and for the puTPose of ratify' l ing illegal acts. ask to hsys NIT. l Bigelow's protest placed upon the l records"
 Mir. Tyler then presented a long i list of questions regarding the opera tions of the Calumet & Hecla Mining 1 company, to which he requested an i Immediate answer. These questions | referred to the cost of operations in | detail, the mining costs, the smelling l costs. the character of the rock treat | ed, the exact amount of refined cop per obtained. etc, and certain detail ed explanations concerning the re, ! gently issued balance sheet contained : in the Calumet report.
 1 President Agassiz stated that he | would answer some of the questions l but that he absolutely refused to an l swer others as they were asked in order that the information obtained might be used against the company i interests; he said the stockholders had authorized the officers and direc
 tors to withhold any information which would be of detrimental char aeter.
 Mir. Agassiz said that the mil which the company is erecting at But falo is designed for electrolytically re | fined copper and will be capable oi 1 treating 10000 900 pounds of anodes
 annually, and that the contract fol timber made with the Keweenaw com , pany involved an expenditure of $25O, l GOO cash and the giving of two notes ] for s25O, 900 each, which notes werS : passed Jan. 31, 1907
 i At the request of MT. Tyler. the 1 ...e.4eards- of ina -Hnpefinos of the direc ] tnrs of the company in the year were ! read by the secretary. A motion was i then made to Tatify the acts of the i directors during the past year, es | pecisIly in the purchase of the yari ! ous shares of the various mining com panies mentioned above, and also in | the making of contract in April 1906. for the organization and the [ ,,,.o,.id;rr oF canital for the Ia Sallf :, Conner company. The motion was 1 carried. Mir. Bigelow, through coun
 gel. voted in the negative. stating thai
 he would reserve his right to object in and out of court" on the ground that 1t was in contravention of law A stock vote was then called for or the following resolution: Resolved that in the opinion of stockholders I
 .s not for the interest of the company
 or it's stockholders that the directors