Weekly journal-miner., 1910-01-26
' ROSE FACTION
 RULES TWIN BUTTES


 By an overwhelming vote, the "Rose Faction'' won out at the stockholders meeting of the Twin Buttes Mining and Smelling com. pany yesterday afternoon. Out of a total of 2,OOO,OOO shares, 1,97I,OOO shares were represented at yester- days meetin. The Rose faction con- trolled 1,355,OOO of these shares, says the Tucson Star.
 Following are the names of the members of the new directorate elect ed before the adjournment for the day:
 D. S. Rose, E. P. Hackett, Michael Earle, W. A. Barber, W. B. Hill, Howard Nunnenmacher, George P. Mayer, John G. Baxter, Jas. R. Rick erstron.
 Immediately follwing the election of a board of directors, upon which the fight really hinged, the following officers were elected for the ensuing year:
 Michael Earle, president; W. A. Barber, first vice president; R. U. Nunnemacher, second vice president; Vie E. Hanny, secretary; Frank B. Geilfus, assistant secretary; Edward P. Haekett, treasurer; Charles Blen- man, general counsel; Vic E. Hanny, resident agent.
 The articles of incorporation were amended to reduce the capital to $2, ,000, 0,000-a reduction of $500,O00. The officers were instructed to have the trust mortgages satisfied of rec ord, the $1OO,OOO of bonds having been retired.
 It was announced that the mining company is now free of debt, and when the deal with the Southern Pacific goes through, by which a DOT tion of the Twin Buttes railway is to be transferred to that company, the Twin Buttes Railway company will likewise be free of debt, at the same time owning ten miles of rail way by incumberance.
 At the meeting yesterday William McDermott resigned as general man. ager, his resignation to take effect as soon as his successor is selected, and his resignation was accepted.
 Prior to the election of a new di- rectorate for the Twin Buttes' Mining and Smelling company, the Twin Buttes railway stockholders selected new directorate. It consists of:
 D. S. Rose, president; E. P. Hack ett, vice president; H. L. Banzhaf, second vice president; Vie E. Hanny, secretary; Jas. R. Ricketson, assist ant secretary; E. P. Haekett, treas urer; Chas. Blenman, general coun- sel; David L. Stinson, resident agent. One of the most important actions taken by the stockholders at yester- days meeting was the authorization of the sale of eighteen miles of the Twin Buttes railway to the Southern Pacific company for $12,O0O per mile, involving an aggregate sum of $216,- 900. It is understood that this track age includes that portion of the Twin Buttes from its junction with the Calabasas extension to this city, This will leave the Twin BuUtes with ten miles of road, which it will con- tinue to operate.
 When seen last night and asked for a statement relative to his vic tory for the control of the Twin Buttes properties, and his plans for the future, Mayor Rose declined to give out anything for publication.
 "We hope to be of some benefit to your city," he said, and that was all that could be drawn from him. Rumors are rife to the effect, how ever, that the new management con templates some extensive improve ments.
 MT. Rose will probably visit the coast country before returning to his home in Milwaukee. He will re- main in Tucson today.