The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-12-20
End Of a Long and
Bitter fractional
Fight
SALARIES ARE REDUCED
New Officers Visit the Nine
To Be Examined by
Engineer

the control or the Success Min
ing company, inaugurated two
years ago by Franklin Pfir-
man, of this city, and associ-
ates. has come to an end and
Mr.. Pfrman is master of the
situation Having appealed to the
court for an order requiring the Sue
cess management to permit him to ex-
anime the books of the company, when
the annual meeting was called last
April Mr.. Pfirman secured an order re-
straining the stockholders from meet
ing, and the meeting was thereupon
postponed until December II. In the
meantime the court issued an Order
permitting the examipation OF the
books and records of the company. The
results Of this examination were en-
bodied, in a detailed report to the
stockholders prepared by Mr.. Pfirman
and upon this showing he appealed to
the stockholders to join him in an ef-
fort to gain control of the company.
Events proved that the stockholders
were in mood to welcome a change
of management and Mr., Pfirman's mail
showed a phenomenal Increase as the
proxies rolled in from all parts OF the
country. Having secured proxies rep
resenting a majority of the stock, Mr..
Pfrman a few weeks ago applied to
Judge Woods for an order dismissing
the injunction against holding the an
nual meeting. This was granted, and
the way was open for holding the
meeting on the 18th, barring legal OBJ
structions that might in the mean
time be interposed by President p. J.
Gearon. No such action was taken,
however, and the annual meeting as
sembled at 10 o'clock last Monday.
Committee Appointed.
objection was taken to the arbitrary
manner in which President Gearon
appointed a committee on proxies and
adjourned the meeting, and this led to
the election of Herman j. Rossi as
chairman of the stockholders meeting
On motion he appointed l.. e. wilson,
secretary of the Success company, L.
l.. Brainard and Harry c.. McAllister
committee to check over proxies and
report on who were entitled to vote IN
the meeting. Adjournment was taken
until 10 o'clock the next morning, ana
at that time the meeting was further
continued until 1880 Tuesday evening.
At that hour the stockholders found
the office of the company locked, but
this did not deter them from proceed
ing to business. l.. l.. Brainard was
elected secretary and the meeting took
refuge from the rain in the office OF
Judge Leighty next door.
Pfirman Is Commended.
The report of the committee on Gre
dentials showed over 100000 shares or
stock represented either in person or
by proxy. OF these Franklin Phrman
held over 100000 shares, giving MN
clear control of the meeting. the
meeting proceeded at once to the elec-
ton of directors, which resulted as
follows. Franklin Pfrman, w. r. Null
Ian and Herman j. Rossi, all of wal
lace; M. G. Mahoney, of Burke, and H.
Clarke Walker, of Spokane
A resolution was adopted unanim-
ously approving and heartily com
mending the action taken by Mr. Phr-
man to secure control of the company
in the interest of the Stockholders
Tuesday morning the directors elect
ed the following officers: President
Franklin Pfirman; vice president, ~
Clarke Walker; secretary treasurer
Herman J. Rossi; assistant secretary
treasurer, Allen G. Kennedy.
Fix Official Salaries.
One of the chief complaints agalns'
the old management of Success was
the high salaries paid to officers par
ticularly after the mine had ceased &c
earn a profit. The new management
starts off with a deep cut In ollcla
salaries, as shown by the followine
schedule fixed by the directors: Inc
president of the company VIII receive
$3.50 per month; the secretary y-treas'
urer, 500 per month, and the ASSIST
ant secretary treasurer, who VIII haV'
charge of the office and in reality per
form the duties Of the dual position
win receive 5000 per month.
Directors Visit the Mine.
Wednesday afternoon the new ~
rectors made the first official visit ts
the Success mine. Upon MS return
Mr. Pfirman stated that he had reliev'
ed James Gearon, the superintendent
and some minor employees, ana ina
Stanley Moore, the company's engin
eer, would remain in charge OF TN