The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1911-12-16
STOCKHOLDERS OVERTHROW
SET PROGRAMME
Director zadig Shown Up at An
nual Meeting of Mexican
Mining Company

San Francisco Chronicle, Dec. 6: The
annual meeting Of the Mexican Mining
Company was held yesterday afternoon
and it was not Of the cut .and.dried type
which has characterized the annual
meetings Of the Comstock mining COM
panies for some years.
Programme was overthrow and
actual stockholders took the matter in
their own hands and made an absolute
change in the management. There
was large representation Of stock
present.
After the usual routine preliminary
business the report of Superintendent
whitman Symmes was presented. This
showed the mine to be in excellent con-
dition, with sufficient rich ore now in
sight to run 100 tons per day for more
than a year.
The usual resolution indorsing all the
acts Of the board Of directors during the
past year was then introduced. This
was the first thing the ockholders
baked at. and it was sharply defeated
by the vote.
Director Zadig wanted to know why
the resolution should cause any an tagon-
ism, whereupon w. o. Ralston said
there ware many reasons why the acts
OF the directors should not be approved,
and II Zadig wanted to 20 into the
matter there might be some very un-
pleasant disclosures.
Zadig replied that he did not know OF
any reason why the resolution should
not be adopted. IL had always been
done in previous years and was custom.
AIRY. Ralston replied quietly that the
matter was settled already. but If Zadig
wanted any particulars they would be
forthcoming. AS one small cause for
not adopting the resolution Ralston
charged Zadig with having been en-
gagged in selling supplies to the Mexican
Company at profit, a proceeding
whick is directly in violation Of the law
of the State. AS an instance. Ralston
charged Zadig with selling the com-
pany caps at 81 20 per box when any
body can buy them at retail from the
powder company at 81 cents per box.
Zadig denied that he was overcharging
the company. saying that he merely
made a commission on the business.
Ralston replied that he did not care
whether he called it "commission" or
any other name, it was against the law
Of the State for director of q corpora.
tion to sell supplies to that corporation.
Ralston also accused Zadig of going up
to Virginia City and acting as auditor
in approving his own bills for months
past.
Further discussion was brought to
close and the stockholders. by vote,
elected the following as trustees for the
ensuing year: H. L. Slosson, Jr., w.
@. Rslston, John Landers. G. Z. Ar
rowsmith and Herman Zadig. There
was some objection to Zadig. but he
had enough proxies to elect himself.
The new board organized by electins
II. L. Slosson Jr.. president; John
Landers vice president, with Charles
Olney as secretary and Whitman
Symmes as uperintendent.
A resolution was then adopted call.
ing upon Herman Zadig to render a
statement aud make refund to the
company of all profits he had made on
sales of powder and supplies to the
company during the past year.
Members Of the new board referred
in complimentary terms to the manage
ment of Superintendent Symmes dur.
ing the year. Secretary Olney was
also spoken of highly for his efficiency.
President Slosson after the meeting
stated that the affairs of the Mexican
Mining Company would be managed
very differently in the future. He said
in brief:
"The men now in control are busi-
ness men who are actual stockholders,
not brokers who control merely by o
handful of proxies"