The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-06-03
Rf|NzE APPEARS
STILL IN Con troll
Indicated by Election of New
Directorate of United
Copper Company.
FORMER VICE PRESIDENT
OF CONCERN SET FREE
Sanford RObinsOn's Turn Next
Unless Missing Books Are
Found.

NEW YORK, june 2-AfTars Of f.
Augustus Hcinze and tho United Cop
per company, which have kept the fed
eral authorities busy because of the
disappearance of the company S books.
needed by the grand jury TO clear up
loans alleged to have been made by
Heinze while he was head Of the
Mercantile bank during the panic of
1907, were clarified somewhat today.
and vet seemingly complicated.
George Baglin. second vice-presldent
Of the United Copper company and
secretary TO Heinze, who was placed in
the Tombs yesterday for contempt of
court, was released today. It is under
stood this action followed his removal
from the board of directors.
While no announcement 10 this effect
was made, a meeting Of the stock
holders was held, and this resulted in
the election of a board in which Bag
lin s name does not appear. Mr.. Heinzc
Stanley Clifford of New York, and the
following new names appear:
Salt Lake in Board.
David Michaeliohu, Butte. Mont.
Richard Kilroy, Butte, Mont; \. A.
.
New York, George Lane, Montreal;
William T. Byrnes. Montreal, and
Adrian Wyckoff. Newark, y. j. These
men presumably replace seven old dI-
rectors. including Bagin and John Mac
Ginniss, Chester Glass, Sanford Robin
son. II. G.. Abel, W. j. Curtis and Col
lin War6cd.
+. Augustus Heinze was not present
at thc meeting. but his representative,
holding proxy for 100000 shares, was
on hand, and 1T is presumed. therefore,
that the board is under Heinze s con
troll.
While the stockholders were meeting
the disappearance Of the books was he
ing further aired before Judge Lecombe
in the United States court,
Judge Lacombc agreed early In the
day TO give Sanford Robinson. who, as
a director. faces prison sentence for al.
legged contempt until Friday TO
answer tho charge The grand jury
minutes were read. giving some details
Of Baglin : testimony concerning the
disappearance of the books. This
showed, in effect. that on NAV 10 he
had been instructed by 1leinzc and
Robinson. AT thc companv's Office. TO
find the ianitor and arrange to remove
two strong trunks chat had Just been
taken outside.
He did so. and the trunks were re-
moved They contained the books Of
the company sought by the grand jury.
Wherc they were taken to. Baglin said
he did NOT know
Claim Of Privilege Made.
Robinson. il will be recalled. refused
to throw any further light on tho where
aboutS of the books on the plea that
he was privileged TO take this attitude
because of his position as counsel. 1t
is this stand which now threatens him
with contempt, and will be heard on
Friday.
Arthur P, Heinze. who was present
when the books were taken away, and
who also took tbe same stand of priv
lcges as Robinson, may be considered
further. According to information given
out at the United States district attor
ney's Office tonight. Hcinze is not
registered with the clerk of the court
of appeals at Albany as a lawyer, al
though he graduated from Columbia
and practiced until about 1891.
Another angle in the Heinze tangle
was heard today in the first eNamina-
tion in bankruptcy into the affairs Of
NJ. Rotbenherger & Co.. defunct
brokerage firm. for whose failure it has
been charged that r. a. Henze was
responsible. IIcinzc will be called as a
witness at the hearing on Tuesday,
juno s.
May Contest Election.
The question of the legality of the
election of thc new directors was
raised tonight. and it was reported that
members of the old board would meet
tomorrow. maintain that they verc still
the duly accredited directors, and vote
60 oust ITeinze from the presidency of
the company
Today s election is questioned on the
ground that Heinze S representative ig
norcd the five million dollars of pre-
fcrrcd stock and proceeded on the the
DRY that majority of the common stock
was sufficient to elect.
If lIeinze $ move is successful he will
have accomplished two things:
Firstly. secure control of the new di-
rectorate, and secondly. place the old
directors in position where they can
not be subpoenaed as officers of the
and held in contempt for fail
urc to produce the missing books. Stan
lev Clifford, ono of the new directors.
sailed for Europe more than n week
ago.