Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1913-03-13

a determined effort is being made
ia New York and also on the coast
to wrest the control OF the North
star from n Zadig. the san Fran.
cisco broker Edwin Baruch. head
Of the New York brokerage house Of
Baruch & Co. has taken the lead
in the effort 20 secure the control
Of the mine and has issued an appeal
to stockholders for their proxies TO
be voted at the annual meeting TO be
held in San Francisco next month
Zadg has also asked for proxies
A number OF Tonopah stockholders
have responded 10 the appeal Of Ba
ruch and the New York broker ap-
pears 10 be receiving more support
than is flocking to zadig.
( Concerning the battle now in prog
/ ress the New York Mining Age has
the following. The first part of the
story appears under San Francisco
date line:
( Advices from New York are to the
effect that prominent interests head
ed by Edwin Baruch are cunning
for North Star The annual meeting
Of the company is to be held in this
city on the 14th Of April next Both
sides are busily engaged in gathering
proxies Criticism Of the Zadig man
4 agement is made on the grounds that
4 the assessment money has produced
no results and that the last state
ment Of the company is an exhibit Of
7 inefficiency It is claimed that Ed
I win Baruch has identified himself
with and secured the support OF a
number Of rich western capitalists,
who believe that with proper deyel-
opment North Star can be made into
one Of the bonanzas Of the Tonopah
camp. Baruch. who is now in Reno,
was asked for statement as to
whom he represented, and he replied
that his plans were now in formation,
and until later date could make no
+. announcement.
The North Star property of Tono-
pah has had a checkered career
since its reorganization some time
ago A number Of assessments have
been called and the mine managers
changed several times. For a time
when s. H. Brady was employed as
consulting engineer, it looked as if
the future was very bright and on
the strength Of a strike in the Wine
on the 125O-foot level last October
the shares advanced rapidly to over
40 cents. Later some misunderstand-
ing arose between Brady and Zadig
and Brady resigned Since then de-
yelopment work has been more or
less at standstill
zadig interests here claim they
have done everything possible to
bring North Star to the fullest state
of efficiency and point with some
pride to current statement Of the
company which shows that the pro
duction has paid for all expenses, de-
fyelopment. etc. There is a strong
sentiment in favor Of the home con
troll. while it is freely admitted that
the fight will be largely conferred
around the holdings of the Golden
estate and other large interests who
have always believed North. Star
would make a big mine and have
persistently refused to liquidate their
interest.
! Acting on the above message a rep
resentatiye Of the Mining Age at
tempted to interview Edwin Baruch
at Reno, Nevada, and advises as fol
lows:
Reno, Nevada, March Z 1913
Edwin Baruch says that he is unable
as yet to make any statement re.
garding his position in North Star.
He referred all inquiries to his east.
ern headquarters Baruch & Co.
New York city. 1t is understood that
that fir mwill issue complete report
Of the situation this week"
Baruch & co. state that they are
soliciting proxies, or rather that Ed.
win Barueh is soliciting proxies
through their office from North Star
stockholders They say that Baruch
is mining engineer Of considerable
experience and that he believes the
North Star property could be brought
to a point of production much quicker
than the present controlling inter
ests seem likely to accomplish that
end The position Of Baruch is that
the North Star work which has
mostly been done at a depth of 1850
feet is still too shallow to accomplish
results and points to the fact that
the North Star being situated far up
above the hillside, must go to great
er depth from its shaft collar in or
der to encounter the same ore bear
ing strata reached by other mines
whose shafts are situated at lower
elevations
II is Baruchs belief that a Wig.