White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1914-06-28
CON. COPPER As
VIEWED IN EAST
INTERESTING RESUME OF An
NUAL MEETING, AT WHICH At
TORNEY JOS. Il. COTTON IS
MUCH IN EVIDENCE.

is not confined to Ely district is
shown from the following, %reprodue-
ed from a late issue Of the Ishpeming
(Mich.,) Iron Ore. II Is interesting
to note the viewpoint of the Michi-
gan editor:
"At the annna stockholders meet
ing of the above organization there
was a large representation present
and voting. The efforts of Col. Wall
of Salt Lake City had stirred up
much interest and many were there
with conflicting opinions because of
the published circulars of Wall
charging all manner of Irregularities
to the Coppermines management.
Attorney Jos. B. Cotton of Duluth,
one of the cleverest lawyers in the
west, and who has been identified
with Ciroux for many years, was
present and took up the charges of
Wall. When he had finished there
was not a shareholder present who
did not coincide with him perfectly.
and every one of them voted to stand
with the management and give ii
proper support. The charges were
viewed properly. Wall is we'll known
in certain mining circles and is better
known now than before the Copper
mines meeting due to the ~explana-
tons of Mr.. Cotton. who did not
mince words In presenting the facts.
ut was shown the company had
over 22, 600, 400 tons of ore develop
ed and hat 1t was steadily adding TO
its reserves. 1t has also valuable
water rights as well as mineral, and
is preparing the way for business.
There have been discouragements,
but the company has the ore and will
get the copper. With the moral and
financial support of the shareholders
II would have been been much easier
to have fastened the movement of
stock for bonds and left the burden
on a few shoulders. Certain men
who believed in the property put
their hands into their pockets and
provided the capital to develop and
operate the mines. assuming all the
responsibility. and without any re-
Enumeration. These are the men who
have been abused. It's not new in
mine history. but it's very discourage
ing to those who are operating
honestly and skiifully and carrying
the loads.
I'VE take the following extract
from the meeting from a Duluth
raper which reported it.
1.-The annual meeting of the
Consolidated Coppermines company.
held in New York last week, was
dominated by Joseph B. Cotton of
Duluth, the company's attorney and
a director. The directors were re-
elected by a large majority. Many
stockholders who appeared at the
meeting came In a ~belligerent frame
of mind. They questioned Mr.. Cot
ton closely as to the events that had
marked the progress of the company
since the consolidation was effected.
"'Mr. Cotton answered the ques-
tions without hesitation. more par
ticularly those that seemingly had
their inspiration from the literature
emanating from Col. Wall of Salt
Lake City. Branding Col. Wall as a
notorious %litigant,' Mr.. Cotton stated
that the actions of the directors of
the company. DR. those who held large
interests In the organization, were
not open to question. and that every
attempt was being made to place the
Consolidated Coppermines company
on an operating basis. He bitterly
denounced the colonel as one of the
stockholders of the company that had
offered no help in building it up to
a production basis by falling to sub
scribe to the bonds of the Consolidat-
ed Coppermines company. which Of
fered to stockholders pro rata. and
of which $780, 900 Offering only
S2OS.000 had been subscribed
"Mr. Cotton stated. In regard to
the failure of the Cole and W. n.
Thompson interests TO take up a
large portion of these bonds. that the
'ack of response on the part of the
smaller shareholders was the only
reason for their action. and that
Messrs. Cole would but signify their
Willingness to share in the re-
tAbilitatior of the company.
"Inasmuch as the recent attack OF
Col. Wall was with a view to bring
ing about a dissolution of the con
%solidatiop. Mr.. Cotton was called
unon m answar uuastiono from ola