Tanana leader., 1910-05-05
HOLDINGS OF THE
 GUCCENHEIMS
(From the Denver Post)

tuC Oc1VGF OStJ
 We have had all sorts of reports as to the control of the Guggenheims in mines, smelters, etc. But according to an affidavit in an injunction suit filed q few days ago, sworn to by the head of the family and three of his brothers, the Guggenheims really own very little l of the property supposed to be abso- lutely dominated by them. For in- stance, the affidavit shows that they own 45,0l1 shares, or less than 24 per cent, of the Guggenheim Exploration Company. The latter owns 379,416 shares of the 100000 shares of Me- vada Consolidated Copper, or less than 20 per cent. of the stock. In addition, Daniel owns 52,067 shares, Murry 5s,- 558, Solomon R. 46, 800 and Isaac 2,4OO, making the total personal holdings of the family 199, ,l25 shares, or slightly less than 10 per cent. Indirect hold ings bring the total up to 275, l25, or less than IA per cent.
 Daniel denies the charge that a ma jority of the capital stock of the Nevada Consolidated is owned by the American Shelters Securities Company, which in turn is controlled by the American Smelling and Refining Company, and the latter by the Guggenheims. Fi- nally, this remarkable statement ap- pears in the affidavit: "The American Smelling and Refining Company is not owned, nor was ever owned by hn and his brothers, and that the company | was never interested in the Nevada company" ~.. ..* .>:.. ...#:: : There you have it, under oath from the head of the trust, that it don't own very much of anything in the enor- nous aggregations which it is popu- larly supposed to possess and control | from to lizard. Assuming the affida- vit to be true, it presents novel situ- ation. It has so many ramifications. 1 however, outsiders are unable to follow them. But one thing seems to be cer- tain, the Guggenheim influence perme- ates and controls every one of the organizations mentioned, even though the family may not own majority of the stock.
 The interests operated by the Gug- genheims show almost phenomenal organization and direction. This has been apparent for years. Its solidarity has never been seriously undermined or shaken. In the most depressing times it has earned and paid dividends It is dealing now with prodigious con- petitors, which will be much stronger year from now, when the lines being laid are finished. But it is not at all probable that the conditions which now obtain in Colorado will be materially changed, since neither the United States nor the International has any thought of coming here.'
 The Guggenheim Exploration Con- pany is sort of free lance, a powerful auxiliary to the other divisions, yet apparently wholly independent. Daniel Guggenheim is president of it and also intimately identified with all the other correlated projects. He states in an official way that the net earnings of the Exploation company are equal to 14.7 per cent. per annum. Again, i've continue to carry American Shelters Securities Company's stock, of which we own S11 ,249,000 par value, upon our books at nominal valuation of $l." The surplus earnings of the American Shelters Securities Company for the six months ended Nov. 30, 1909, were equal to a rate of per cent. annually on the common stock of the Securities company, and it is expected that their future earnings will be larger. Again, during the year the holdings of the Cumberland-Ely Copper Company stock and Nevada Northern Railway Con- pany bonds wee converted into Me- vada Consolidated Copper Company stock, which is on dividend-paying basis.
 Job Printing at The Leader office.