Show SHARP FIGHT FOR CONTROL OF Rival Rt al Factions Led by J 1 J i iDaly Daly and Treasurer McCornick McCornick nick Clash at Denver IIi Ii I ADMINISTRATION WINS PRELIMINARY SKIRMISH HARRY JOSEPH TAKEN ALONG TO JAM THINGS THROUGH t SAYS Special to The Herald Denver Feb 15 Fighting for the control of ol the famous Dal Vest mine at Park City Utah the tho two factions of or stockholders one ono headed by J T J T Daly the discoverer of the mine and the other by b W V S McCornick the Salt Lake banker are now In Denver The Tho first clash came this afternoon at atthe atthe atthe the preliminary meeting when the Daly forces were ere temporarily defeated Tomorrow afternoon another meeting will III be held This will be the real battle the Daly forces force concentrating their every oVerY effort to oust the present management of the company which h is charged with gross ross mismanagement Daly said tonight that J T E Bamber ber McCornick and others are trying to 10 force a consolidation of the Daly Dal West est Ontario and Daly companies for forthe forthe forthe the purpose of ot unloading millions of dollars d worth of comparatively worth worthless worthless worthless less stock McCornick backed by Ern Era Ernest Ernest est Bamberger and Harry Joseph Is leading the fight for the present man management management management They declare that they have managed the property in a proper man manner manner ner ncr and that they will win at the elec dee election election deetion tion tomorrow At A t the meeting today Daly H R fl MacMillan of Salt Lake Latte and two or three others appeared for the Daly side and a bitter fight followed Treasurer McCornick Presides In the absence of J T E Bamberger president H G McMillan Ic vice president president president dent and Josiah Barnett secretary Mr McCornick who is treasurer pre presided presided sided at the meeting The Daly Dalr forces charge that about thirty Denver men who are not stock stockholders stockholders stockholders holders In the company were given proxies and when H S Joseph nomi nominated nominated nominated A C Ellis Jr as chairman of the meeting this clique shouted its ap approval and McCornick declared Ellis elected in of ot the efforts of the Daly faction to tl t nominate John Brooks of or Scranton Pa who represents large eastern Interests Then followed the filing of the proxies proxies ies leg The Daly forces filed flied for shares of stock The other side claims to control shares of ot the remain remainIng remaining Ing shares Chairman Chaiman Ellis ap appointed appointed appointed pointed Joseph as the chairman of ot the credentials committee Joseph was brought here because of his reputation gained in the Utah leg legislature for Jamming through anything whether It Is IB right or wrong declared H R MacMillan n We have them beaten in a fair fall fight but there is no telling what they will wUl do doTo doTo doTo To Force Consolidation Ever since the and Mc McCornick McCornick McCornick Cornick got control the stock has hai been decreasing in value and the dividends dividend have fallen off oft 50 per cent At present there Is a surplus of If lying in bank banI at Salt Lake on which the company Is not getting one cent of ot Interest The whole scheme is being worked by b the to force a consoli consolidation consolidation dation of the company com pan the Daly company com pan and the Ontario com corn company company pany The Th two latter hatter properties are owned by b the tRe and are practically practically worthless Joseph denies all aU the charges chan eg of ol the Daly Day forces He with Mr Ir McCornick und and Ernest Ernet Bamberger say that tho the dividends have hao fallen off ot because at rf atthe f the panicky times Umes Daly wants control said Joseph He was ousted by b the stockholders once but Is not satisfied The stockholders will show how their confidence In the pres present present ent eat management when the officers ae se elected for the ensuing year and the annual report for last year is 15 submit submitted submitted ted tad and approved e |