| Show MILLION DOLLAR DEAL IS CLOSED F Augustus Heinze Gets the Ohio and Reorganizes Of Official ficia Household BIG MILL TO BE BUILT WILL HAVE CAPACITY OF 2000 TONS DAILY The deal a for control of the Ohio Copper company involving about was formally closed In this city yesterday orning ir and at a meeting of the th directors of tho the corporation a reorganization of ot tho the official household was wis perfected A J Kettles BettIe resigned rE the vice presidency and andr F r A H II Heinze was elected to fill the va val vaIan l ano Ian Henry Catrow as secretary and treasurer was wall wa succeeded by b Frank P Swindler Swindle one of Mr engineers and wd the rest of the old od board with the exception of N J Catrow president and Thomas Weir manager were all retired and new ew men named President Catrow Catro and Mr Weir are both heavy stockholders sto in the tho company compan yet et and anti while Mr Weir Voir expects and wishes to be relieved as manager of the mines Mr Catrow will undoubtedly undo continue LO to erYe as president of the company for forthe forthe forthe the present at least In addition to the mn ml named the directorate now consist of W F Kidney y Duncan MacVIchie and McIntosh How Deal Was Engineered It t is suid that final payment on the option of the nearly shares share cf Lf f the stock that passed into the hands of Mr Heinze was made several days ago and anti that the formal proceedings of yes jes yesterday yesterday were simply In accordance with agreement reached rC ched when hen the deal was finally arranged about one monh mot mori l ago 30 agot t I lp p to that time Mr Ir Heinse lad ad never tad lad an option on the property or stock tock Mr Ir Weir held the option and anti wien wie he presented the proposition to Mr Ir H Hinze the latter had the tle properties While s bile he was wal satisfied then hat that the tho thomine namine mine nine was worth tIe the money mone asked for con eon control contro tro dM had hud not retched reached a i B fI stage age where 1111 he felt Justified ll in doing business and have hae the t e world understand that he ho was walt behind the enterprise Thee The was then a lapse of about days das dashen v hen nothing was said or done At the th tl i wold td d of that time Mr Ir Weir told Mr r fIE that he lie believed he lie was makii R n mistake if It h not taking t hold of the prop proposition tion and upon the statements made to tob tom b 1 m by Mr Ir Weir he asked for the Hr gr of again examining and sampling te t ie mine minI It was this second inspection lI d examination that settled he deal desi Development had proved un 10 points pO 1 ts that emt Mr r Heinze wanted to understand s nd id during daring th the last thirty days da ays s the h made has been such th u Mr Ir Hernia Heim J d dis his hs is engineers on their Saturday and aid Sun SlIn ij l trip to the property realized that one 01 OL the tIle big propositions of f the Uit ct I had been absolutely ab demonstrated Two Mill Manager Weir had been t the proposition justified the building of a milling plant to replace the lW ton mill that has wen ien doing excellent service on the property When hen Mr Jill Heinze and his engineers en got through with their Inspection I Sunday it was at once onee on that the property could get along with reining g less than a plant llant Yee Ye et tertIa it was formally and finally decide dedd to build buill it t and that with just as little delay dela as IS possible Luers f fur Jr machinery and find equipment will be b t placed just IS as so in as BS Mr Kidney the milling expert on OR tho the Heinze stiff ein ct i 11 prepare the estimates and get bids tor VIr the tho th material Just where the th mill will be bf built has lias hasl no l O been d l h l It may maybe mayhe he be a few w l it is but the Is given that the mill win will be constructed at ou one of oC bree points under hailer consideration ind nd there is i ino no doubt but bt what ground will be before long It is s stated that the 11 plant will nil be so constructed that its capacity can an be readily and qui i h increased ml nd u it Is intimated that it Jt t will not IM It long running at 2000 tons capacity until an enlargement is ordered If It anything has beeR been needed to emphasize emp 11 size Iz all that Weir has claimed for conditions in the Ohio property proper since Ince ht hI undertook its systematic development last May It is found in the fact hat it today the tha erection of a plant of or such enormous capacity It pr Ives ves also that is growing g to be a bigger camp every day Mr Ir Heinze and some of his engineers expected to leave for Butte again Mat last night U t Is understood that Ohio will willbe become be ome an asset asse of United Cop Copper Copper Oo per comi com ran any |
