New-York tribune., 1908-09-30
Stockholders Of
FIRST NATIONAL COPPER
To the Stockholders Of

invested because OF my advice insist upon my dong So
insist. When they desire another for the PRESIDENCY
will willingly resign. selling all my stock ana tnar o.
those who do not care take chances with successor
the open market for whatever It viii BRING IN tne
OF my dropping First National | VIII give tne
stockholders public notice OF act and the reason ror Il
3th-I shall not enter into competitors for the Presidency OF
the First National Its stockholders wishes VIII al
ways be satisfactorily my
9t-The history of my assuming the Presidency OF FIST
National IS an open one the old Balaklaa Company had
drifted or been pushed into trouble had had part n
the corporations management was not even acqaint-
ed with the management. had invested IN the stock
and advised the public to invest because OF nv kow-
edge of the propertys value AT the IcePOn OF Tie I0
organization | believed attempt was beng made oy
certain scheners to freeze the management and the
public The stock had fallen to 81 per share and an
assessment OF 81 80 per share had been levied II was
public knowledge that the scheme was TO have over
hree-duarters OF the stockholders refuse to pay the as
sessnent thereby fQrfetIng their stock and making
total loss Of their investment At this stage, AZ I1c
earnest importantly OF large number OF stockholders
consented to let daylight the scheme. drive out the
scheners and compel fair treatment to all promised
If were given the Presidency, which would accept
without salary or ernournent OF any kind 70 bring about
change in affairs the end that at least 95 per cent
Of all stockholders would pay the assessment and that
the stock would sell at at least S over the assessment
at the time the assessment paid and ar SIS per
share afterwards. The stockholders and the pubic
eagerly accepted nv offers my conditions which were
that should not be asked by the directors 10 do any
work other than supervise the executive management;
that at any time had to believe there was devil
try afoot would attempt 70 prevent It and that talrg
would resign notifying the stockholders and the public
Of the reasons.
have filled the Office of President along these lines and
will continue to do so (provided as above)-
The reorganization has been Of the most successful
ever attempted in any corporation 98 per cent OF all stock
holders have paid their assessment and saved their original
investment To convince the stockholders that this was tor
their best interests has taken much OF my time efforts ana
money but they were convinced, notwithstanding = as the
underwater OF 50 per cent OF the stock could more easily
have steered the stockholders that at least 100000 shares
would have come to the underwriters 100000 OF which
would have been MY share with profit up TO now OF
100000 instead Of the 5000 shares with proht OF but
SI5p 900
In other words have delivered all the goods advertised
to in the BalaklalaFrst National andI viii continue to do
so until the stock worth and known to all TO be worth and
publicly selling at $40 per share, at which price VIII sell all
OF nv holdings and retire from the Presidency always pro
ved as above that the thousands OF stockholders who look
TO me for their investment continue guide and
protect their interests.
The article quoted above is the first OF band Of
banking eeches sucke its coming luscious maturity that
which they failed of swallowing at its seeding
10 this band I then: Your efforts those
of the exposed and rotted financial past your method
WELL they Joke.