The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-22
WILL ATTEMPT TO
GUST JACOBSON
SALT LAKE MEN DISSATISFIED
WITH MANAGEMENT OF THE
COLUMBUS CONSOLE
DATED PROPERTY.


Arthur l.. Mas formerly of Negau-
nee. now located in salt Lake, Utah.
and l.. \. Jeffs and c. II. Gibbs former
residents of the copper country, are
heading movement 20 Gust Tony ia
cobson from the management of the
Columbus Consolidated Mining COM
pany. in which a considerable number
of upper peninsula people are fnan-
ciany interested. Letters have been
received by the stockholders from Mr..
Mas. soliciting their proxies for the
stockholders annual meeting, which is
To be held i'm salt Lake on the 9th Of
next month.
1t is said that many Of the Utah
stockholders are dissatisfied with Mr..
Jacobson's management of the COM
pany's affairs. If those interested in
the movement to remove him are sue
cessful i'm securing proxies for suffi-
cient amount of the stock TO control
the meeting, ne will be asked to resign
and another man viii be elected in his
place.
The opposition 10 Mr. Jacobson will
not be the only important business
that will be considered by the stock
holders AT the annual meeting( as II
is reported in salt Lake that the Co
lumbus Consolidated and the Column
bus Extension are to be merged. 1t
is said that the Columbus Extension
is far the richer property of the two,
and il is thought that by consolidat-
inc the companies, the new company
viii soon be able 10 pay dividends.
The Herald Republican of salt Lake
published the following relative TO the
proposed merger:
There have been mergers and rum
ors Of mergers covering Alta and the
Cottonwoods properties flying thick
and fast for years. but one which has
been least talked about, and WHICH will
proye TO be one of the biggest things
ever participated in i'm that part of the
state win be the reported pending mer-
ger Of the Columbus Consolidated and
the Columbus Extension. And one Of
the most interesting features of the
situation IS the fact that the little
property will swallow the big one-in
other words. the Extension people are
said To have bought up sufficient stock
of the Consolidated 90 swing control
and that i'm the near future the mcr-
ger Of the two properties will be an
nouuced.
"The Consolidated has the power and
the machinery and the mill facilities
which the Extension requires. The
Extension is now opening up one Of
the biggest bodies Of milling ore ever
discovered In the district. 1t must
have a mill OF the use Of a mill. There
stands the Columbus mill conveniently
near, and naturally enough the ambi-
tious Extension has a covetous eye on
that much needed mill
Every year the eastern stockholders
make nash-in-the-p1n attempt TO
wrest the control OF thu Consolidated
from the J. sons. but nave as often
failed. and 7rsthey will be far
Their from their Jal than ever. as a
stl larger block Of the stock is said to
have fallen into the hands of the local
people.
when Mr.. Jacobson was called up
last evening and asked for statement,
De- did not care 10 be quoted
Should the merger company incor-
pDrate for 100000 shares it would
have sufficient TO give share for share
10 stockholders Of both companies, and
still have left over a 100000 block FOR
the treasury. as both the old compa-
MES are capitalized low-3O0OOO shares
each"