New-York tribune., 1909-06-03
F.A. A.HEINZE HAS HIS DAY
COPPER VFCE-PRESIDENT
OUT OF TOMBS.
Another Director Gets Stay IN Con
tempt CGse-Insiders Dom
mate Stockholders.

IH0IC DIOChHOuutFS.
The battle for possession Of the books OF f
Augustus Heinze's United Copper Company was
waged in two states Yesterday. in Hoooken the
stockholders. dominated by the ieinze interests
dropped seven Of the old directors Heinze and
Stanley Clifford. the secretary and treasurer
who is in Europe were reelected Heinze was
not present He sent word that he i'll.
Here Judge Lacombe released George Baglin,
the vice. president who was committed to the
Tombs on Tuesday for contempt Of court, and
gave Sanford Robinson, Heinze counsel, until
tomorrow TO show cause why he should not be
committed for contempt. Baglin end Robinson
were among the directors dropped.
Henry A Wise, the United States Attorney,
learned yesterday from Albany that Arthur P.
Heinze was not registered there a practising
lawyer. Robinson. the day before, in pleading
privilege Of counsel in refusing 10 tell Of his
conversation with A. P Heinze regarding the
books. had said that he and Mr.. Heinze were
counsel for the copper company.
The stockholders meeting was scheduled -
begin al O'clock but it did not open until 80
O'Clock. and then amid confusion. Charles ".
Saacke, Heinze man, was chosen TO preside
Before and during the session there were MANY
conferences and telephone messages between
Hoboken and New York.
A Movius stockholder living in Hoboken,
protested that there was not quorum present
but Mr.. Saacke said that 241650 shares Of stock
out of $50 600 We're represented. Mr.. Movius
torted that the total OF shares was 100000. but
he WAS not needed. When the question was put
whether the directors should be elected Mr..
Movius shouted shrilly:
There IS nothing here to show nobody who Is
q stockholder or not and they all giving their
ayes and noes verbatim
HEINZE VOTES 240531 SHARES.
When the nominations were made Richard R.
Kilroy cast 24O.531 votes representing so many
shares of stock owned by Mr. Heinze and others
for the directors chosen by the dominating in
terest. The total number cast was 241.651.
The following were elected as directors: +
Augustus Heinze Butte. Mont: Stanley Clifford.
New York: David Michaeljohn. Butte; L A.
Dunham. Salt Lake City: NJ N. Joyce New
York: Richard r Kilroy. Butte; George Lane
and William P. Byrnes. Montreal
Mr.. Movius discovered that there was no di-
rector from New Jersey. required ny law
The creditors committee attorney. who had
been taking leading part in the objections.
tried to quiet Mr Novius. but Mr.. Kilroy took
advantage Of the outbreak. and Abraham Y.
wycoff. Of Newark. was added. The directors
dropped were John MacCiinniss. Chester Glass.
Sanford Robinson. George Baglin, H G. Abel.
W J. Curtis and Coils warfeld. The election
Of officers was deferred.
Mr Kilrov said that the new board would
meet as soon as convenient. He carried an
umbrella with a gold handle, on which was the
name of F Augustus Heinze. which led 10 a
ruu1or that the head Of the copper company was
in the building
There was surprise al the Federal Building
1-bon Mr.. Raglin was released. Mr. Wise said
that II had been done with his consent, although
q short time before he had told a Tribune re-
norter that he would fight all attempts to re-
lease Mr.. Baglin unless the books were produced
SAID HEINZE HAD BOOKS.
The testimony before the grand jury given by
Robinson and Baglin was read in court. and
then il was shown that the latter had testified
that Mr.. Robinson had said that Heinze had the
missing and mutilated books. II was brought
out too. that Nj Robinson had never seen the
authorization Of a P. Heinze counsel for the
copper company. 1t was understood that Mr..
Baglir had promised not TO leave the city until
the books were found unless with the consent
Of the United States Attorney.
More witnesses in the inquiry to find the cop
per company books we're heard by the grand
jury yesterday. Mr.. Wise told reporter for
The Tribune that he would not bring the issue to
the attention Of District Attorney Jerome until
the immediate urgency of the federal case had
been disposed OF.
Max H. Schultze one Of the partners in Otto
Heinze & Co. bankers and brokers. formerly at
No ~ Broadway. has obtained an order from
Judge Hough, Of the United States District
Court that the books, records and documents of
the firm in possession Of District Attorney
Wise be opened for inspection by the alleged
bankrupts at al reasonable times when the
books are not actually in by the District
Attorney. Mr. Wise agreed TO the order
Stockholders dumped their holdings on the
market in large blocks yesterday. and United
Copper broke two points, 10 S2s the lowest it
has touched since Just before the panic. Ohio
Copper and Davis-Daly Copper each lost more
than point the former selling down TO 4as and
the latter 10 4 1-16 United Copper rallied about
a point az the close, but the others regained only
fraction Of their loss The total transactions
in the three issues about q. 900 shares