The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-10-28
THE RAY7JEFFERSON CO.
TO INCREASE CAPITAL
BELIEF THAT DAYS DOMINATE
INTERSTATE CALLAHAN IS
STILL AFTER PROPERTY.

This week 10 lode claims. 3 mill
sites and placer claims were formal
ly transferred 10 the Ray-Jefferson
company by deed from Virginia T.
Givens, formerly the wife of w. s.
Hill, deceased The deed was filed
for record this week. Some of the
lode claims are known to be highly
valuable mineral ground, while the
millsites and placer claims include the
ground at the junction of Carbon and
Beaver creeks where the Ray Jeffer-
son mill will be located and practlc-
ally all of the wide expanse of ground
commonly referred to as Carbon flat.
The property included in the transfer
are the President Hopeful, Occur
d'Alene Chief, Dorothy HILL Security,
Emma A., Fanny Peak, Faithful, Nor
ming Light and Fidelity lodes; North
Star, Idaho and Minneapolis millsites,
and Virginia, Sunlight, Lucy, Grace
and Estelle placer claims. The hold
ings of the Ray Jefferson are very ex-
tensive and there are rumors that
other property may be acquired Of
even greater value than these latest
additions.
Controlled by the Days.
A few months ago 1t was officially
announced that the Ray Jefferson
company had been financed to the ex-
tent of 100000, which insured the
steady development of the property
during the winter and the building OF
250-ton concentration in the spring
and 1t was understood that the inter.
ests putting up the money were the
Days who were already large stock.
holders in the company and who arr
represented in the directorate by Il. r
Day. Getting back of the comp
with an abundance of financial sup.
port did not give the Days actual con
troll of the Jefferson, but It GER
tainly made them the dominating in
fluence in it's affairs, and It Is believ
ed that the coming meeting of thu
stockholders will give them absolute
control with the possible assistance o
a little friendly stock that can be han
died as their own. This, however, i
merely speculation, blessed priv
lege which all are free to exercise.
Meeting Of Stockholders.
A meeting of the stockholders o
the Ray-Jefferson company will b
held in this city in the Wallace Ma
tional bank building at O'clock OF
November s to act on the question o
increasing the capital stock. Tn
capital stock of the company now /
$S75,000 divided into 100000 share
of the par value of 25 cents, and a
the coming meeting of the stockhold
ers the proposition to increase tn
capital stock to 100000 divided int
100000 shares will be submitted. ]
is understood that the directors ar
all favorable to the increase, and a
they represent the big end of tn
stock 1t is evident that the inereas
viii be authorized. Just how nue.
stock the Days own in the Ray-Jeffer
son now is not known. 1t Is under
stood that the 100000 shares to b
added to the capital stock will go t
them in return for the financial sup
port given the company, and thsi wit
their present holdings together wit
stock friendly to their interests will
certainly make the Days the dominat
ing Influence in the company.
Interstate Callahan After II.
1t is known that the Interstate- Cal
lahan company, the big zinc producing
neighbor joining the Ray-Jefferson OF
the east. is still negotiating for tn
control of this ambitious rival. Wha
progress is being made toward ac
complshing that purpose is not know
but 1t is certain that the figure Offered
has been steadily increased from tina
first submitted, and that il has nov
reached point that is exceedingly at
tractive to some Of the stockholders
Again the prospect for Day control Il
probably not a pleasant outlook fol
Ray-Jefferson owners, and ii woulC
not be surprising if some OF them tool
advantage of this opportunity to ge
out from under. The experience o
Tamarack g. Custer, Ambergris anC
other properties of lesser importance
Is not pleasant to contemplate by mer
who are looking forward to getting re.
turns on their investments.