The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-09-27
CONTEST FOR CONTROL
OF WESTERN UNION CO.
PRESIDENT WARNS sTocKHoLD-
ERS-eREAT SHOWING OF
ORE ON SHAFT LEVEL.

The heavy buying of Western Union
during the past few weeks and the
consequent rapid advance in the price
of the stock indicates that some power
ful interest is endeavoring to secure
control of the company. Just who is
back of the movement doth not yet
appear. but it is evident that the effort
is meeting determined resistance by
the present dominant element in the
company. Stockholders were warned
of this movement two weeks ago by
Ben L. Collins, manager of the COM
pany, in letter in which he advised
stockholders to sit tight and if pos
sible buy more stock, as the recent
strike on the shaft level indicated that
they were on the verge of realizing
a rich reward for their long and loyal
support of the management Last week
d. H. Anderson, of Spokane, president
of the Western Union, inspected the
mine ard he forthwith issued a letter
in line with that from Manager Col
Inns, strongly Advising stockholders to
hold their shares, now that success is
within their grasp. President Ander-
sons letter follows:
Wonderful Ore Showing.
"This is the first time in the history
of the Western Union Mining company
that have ever attempted to give out
any information as to the merits or
dement's of the property, and for your
information, will say 1 have just re-
turned from the mine (and that is the
right name for it now and my knowl-
edge is first hand.
81 took two expert miners into the
mine last night and spent four hours
examining it, and l found by actual
measurement we have a six foot four
inch ledge of as fine ore as any miner
ever saw If you doubt this state
ment | can get you the affidavit of
ten as good miners as there are in the
Occur d'Alenes.
after making this examination I
feel it my duty, as president, to in
form the stockholders to not be talk
ed into selling their stock, by the
people who are raking this country
with fine comb for the stock and at
the same time saying: "Ah, the
Western Union has no ore" Why are
they so anxious for the stock if such
is the fact? We have all held on so
long why lose out now just when sue
cess is in our reach
Eighteen Feet of Ore.
After drifting easterly on the assure
as described in a recent issue of the
Miner a remarkable body of ore made
its appearance on the north side, indi-
eating that this was the ore body
and the true vein, and that the !
fssure being followed was a fault !
which had intersected the vein. This !
ore as described by one who visited |
the mine this week is IS feet wide, all |
high grade milling ore containing much |
of shipping grade. After extending !
the drift a short distance beyond it, |
work was transferred this week to the |
ore which will be explored and which !
promises 10 Mace Western Union on |
a basis of continuous and profitable
production.
Ore Shipments.
The striking OF this ore on the
SHAFT level at once placed the com
pany in position TO resume shipments
returns from which will doubtless
more than cover operating expenses
The ore is being shipped to the Bunker
Hill smelter, with which the Western
Union recently entered into con
tract for the entire product for a
period of five years.