The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1919-07-17
CONTROL Of TARBOX GO.
LETTER FROM MANAGER
INDICATIONS THAT DAxON WILL
HAVE MAJORITY WITH HIM
IN THE MEETING.


a letter to stockholders in which he
reviews the accomplishments of the
company since 1910, when the prop
erty was destroyed by fire. He shows
that a mine has been made since that
time, and in spite of the fact that
during much Of that time the COM
pany was handicapped by war prices,
the cost to stockholders in assess
ments amount to only about Is cents
per share or an average of cents d
year. Having developed a large ton
mage. last spring Mr.. Daxon prepared
to go east to arrange for the con-
struction of a mill through the sale of
treasury stock rather than Through
assessments. About this time to
quote from the letter, "a Mr. Gagnon,
a stock broker, real estate agent and
insurance man from Butte, Mont, a
Tarbox stakeholder a year or less,
with a lawyer from Butte, not a
stakeholder, visits the property for
the first time. and then only for few
hours. He finds everything in good
order. He says so himself Admits
a mine is there. But the money is
now getting in sight. Now watch
what happens. The purpose of the
visit unfolds-the wrapping of suspi
cion and doubt around Daxon, the
man who had done all this work at a
cost Of about Is cents to you"
Demand to See the Books.
At Saltese and at Wallace the de-
mand of Mr.. Gagnon to see the books
of the company was answered by a
statement from Mr. Daxon that they
were being audited by John F. Fer
guson, county treasurer and expert
accountant, and necessary data was
being compiled to be used in securing
funds for the construction of a mill,
and for this reason Mr.. Gagnon was
asked to wait a few days until this
work was completed. Regarding the
books Mr.. Daxon says:
"A stakeholder has the right to see
the books and should see them at rea-
sonable times, but he should not want
tn stop the company business and take
possession of all books and records AT
such a time unless his motive is ul
terror. They refused to see the ac-
countant or to ask him. Why? Did
they really want to see the books?
They were never refused permission
IT, see the books, but were asked to
see the accountant or to wait few
days until the work was done. They
did not want to see the books"
Mr. Gagnon caused Mr. DaXon's ar
rest on a trifling complaint, which
was promptly dismissed He also
applied to the district court for an
order permitting him to examine the
books, which was granted, but which
ia now on appeal to the supreme
court.
Daxon Goes East.
The annual meeting of stockhold-
ers of the Tarbox company will be
held in this city next Monday even
ing, July FL The Butte Association
Of Stockholders" of which George L.
Gagnon appears to be the chief factor,
has been very busy in an effort to
secure sufficient proxies to control
this meeting. Mr.. Daxon has been in
the east during most of the time this
fight has been waged against him ar
ranging for the construction of mill,
and in which 1t is understood he has
been successful. For this reason he
has not been in position personally to
give his attention to the attacks from
the Butte crowd even if he had DEEM
ed it necessary In closing his letter
to the stockholders he says:
Stay With Management.
"A mine has been brought in. 1t is
valuable. Contracts are to be made
and money is to be handled and spent.
These men who have annoyed the Of
ficials and interfered with the work
of the company, now, with the money
in sight, want you to turn the COM
pany over to them. DO you know
what for? Have they told you what
they have done, what they can do for
YOU, what they will do? Not a word
Do you know who they are? why
their sudden, intense activity and I'M
usual regard for your welfare, total
strangers to you?
"Mr. Daxon has added q claims to
the original two claims Of the COM
pany. He has brought you a mine
with a half million tons OF ore In
sight, a mine proved. Mr. Gagnon
saws no further work Is necessary
That a mill is necessary. And all this
at a cost of about Is cents. Mr.
Gagnon has paid less than cents
since he has been a stakeholder hi
has done nothing for the company
whom does he represent; what inter
ests are behind him? His only acts
are to make trouble for the company
TO get possession Of the company
for someone-who?
do you want that done, or DO yo'
want the property you helped to maxi
turn back in dividends the money YOU
have paid and the profits you ar
rightfully entitled to? If you wan
the same careful, painstaking effort
mazda for Won i'm the future SEND II