Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-12-02
UTAH COPPER
D|SAVOWS ANY
LAWSON DEAL
Director of Company Uses
PIainest Language In Deny
ing Recent Reports of Option
Given On the Stock.

BOSTON, Dec. Ia director of the
Utah Copper company says:
My attention has been called 10
the Boston News Bureau article in
Saturdays issue, answering a CORES
pondent regarding Utah Copper. can
| state authoratively that no oificiai OF
director of the Utah Copper company,
individually or jointly, has ever given
an option or been party to the CIV
ing of an option on any Utah Copper
1 securities to Mr. Lawson, or to any
/ of associates, directly or indirectly,
nor have any negotiations been hau
with him by anyone in authority in the
direction of the affairs of the Utah
Copper company for the purpose
whatever relating to that company.
1T has been frequently rumored at
the time of the Yukon fotation. Mr..
Lawson secured a six-month' option
on a number of stocks held by the
Guggenheims, which included tae!T
holdings in Utah Copper. 1t is true
that the Guggenheims have a large
holding in Utah Copper company
stock, but none of them are directors
in the company, and no official of the
company had any knowledge of any
such act upon their part other than
what has been seen In the press, anu
il it was don, it was as individuals
Mr.. Lawson has no more connec-
ton with, or control over, the affairs
of the Utah Copper company than he
has with the affairs of United States
Steel, Amalgamated. Chicago, Milwau-
kee & st. Paul. or other such compa-
nies which he has, from time TO time,
seen fit to make the subjects Of his
advertisements
The Utan Copper company has
adopted policy of isuing annual ana
quarterly reports to its shareholders,
giving accurately and in full the re-
suits of it's operations, and such fig
ures are at the disposal of any bona
fide stockholder, wishing to obtain
them. 1t has no need to engage the
services OF any person or persons to
exploit its stock to the public.
"The annual report, issued early
this year, covered thoroughly the con-
ditions surround ng the company's
properties and operations, and outlined
the anticipated operations of the com
pany for the immediate future. There
has been no reason since that time TO
materially change any statement or
forecast, as indicated in that report.
'4'The publicity given to the com
plete results of the operations of the
company should appear as an indica-
tion that the directors of the company
lave no wish to conceal anything
from its shareholders, but that they
desire to make known to them the
exact conditions, both past and pres
ent, as well as forecasting as accu-
rately as possible the results Of the
future.
This attitude. should indicate the.
real facts in the case, which are that
the directors, who are among the 1arg-
est stockholders, are pr maIily inter
ested in the most economical and prof.
liable operation of the company's
properties, and are not responsible in
any way for the real or attempted
manipulation in the shares of the COM
pany, nor do they wish to see or coun-
tenance any influence, either outside
or otherwise, that would result in a
market value applying on any other
basis than that of the intrinsic vaIde
of the properties they represent, and
the earning capacity Of those proper
ties"