The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-03-29

without accomplishing something
thereby? And If you still doubt just
ask your lawyer friend about it.
October 2, 1917, 1 addressed the
stockholders of this company (and
did it openly and in part said: IF
sufficient proxies come to my hands
to enable me to control the election of
directors. l give you my solemn as
surance they will be used to elect men
pledged to see that stockholders will
have a square deal; that salaries will
be reduced to the lowest point con-
sistent with securing capable men;
that as capable men will be selected
to operate the mine as can be secured;
that any reports issued by the man
agement will be honest reports; and
that every effort will be made to
bring dividends to the holders of the
stock That pledge has been made
good and it still stands. During the
five and a half years we have been in
charge every effort has been directed
towards your interests. Stockholders
have had every right accorded them.
Strict economy has been practiced,
management has been efficient, devel-
opment and operation have been care
fully planned and efficiently executed
Purchases have been made with the
greatest care to secure full value for
every dollar Mine and mill crews are
efficient and loyal and will stand COM
nsfr rInelrsr
Your directors have never received a
dollar for their services as such. Your
secretary has never drawn dollar of
salary. Your president has not taken
out salary sufficient to cover his ac-
tual cash outlay required to take away
control from the former directors |
Even the fees for transfers are ac-
counted for to the treasury, a hereto
fore unheardof practice. And the
has made good the |
mine.
Some Pertinent Questions.
rs it possible that an entirely new
unfamiliar with the
mine, with no pledges to fulfill to YOU
Just recent purchasers of the COM
panys stock, can serve you as well as
)ne composed of men familiar with
your property through five and half
years of effort to develop it to sue
,essful production? Is it wise to throw
away the certainty you have of care
ul and honest management, and for
,ver discourage men who struggle for
better things in corporate manage
nent? Is it good judgment to swap
lorses when crossing a streamT And
inally, is it fair, is it right to treat
our present directors so?
81 do not consider it my duty to
make any attack on the men who are +
rying to take control from your pres ,
mt directors l only say that I think :
hey are working for their own in
erests and not for yours 1 do l,
hink it my privilege and my duty to 9
on, to advise with you as to what is .
he best course for you to pursue The n
Majority of the stock of this company \
still in the hands of you small 7
Your board is in con- -
'ol now. 1t is for you to consider is
neither any change can possibly be a
II your interest, or in any way in p.
,nded for your interest. sincerely ",
elieve that you will make a mistake -
you give your support to any move 4.
ent for change of management. As -,
FAD of your company 1 advise you ri
1t to do it, If you have already Civ a,
your proxy for that purpose, you 10
ould carefully consider this letter, Il,
ID now, before it is too late, date and %
sn the enclosed proxy. have witness Al
gn. if possible, and mail it to us. If Al
N have not executed any proxy. do Of
now, sign and date the enclosed no
oxy with witness to your signature, -
d Immediately mail it in. can't 81
lp you if you fail to do your part
morrow may be too late TO reach :
; do it now. and protect yourselves
lille you can"