Show WEIMER COPPER COMPANY CHANGE OF MANAGEMENT ENT ENTA A call caU has been issued for tor a special meeting of or the stockholders of the Welmer Vel mer Copper company to be held on Saturday At itt this meeting a new board of directors will wUl be elected and the it Is stated will retire from active participation In the affairs of ot the company The annual meeting time has passed and that is the reason why liy the gathering will wIH be a special one Ever since it became impossible for tor forthe forthe the tho company to market its ore which tame came c me as a p result of the financial panic panle and the Inability of ot the smelters to I purchase ores oreg the financing of the proposition has been a task that bat tIed lied the skill and energy of J S B Wet Wel Welmer Weimer mer the promoter of the enterprise The stock which was put out at 2 a ashare ashare ashare share has hag been batted around until recently it has been selling at a few tew 1 w cents Discouraged and disgusted with the turn that affairs had taken it is said Mr Welmer decided to pull out and an l turn the management and han ban handling of the proposition over to whom whomsoever whomsoever whomsoever the other shareholders might elect to place in the saddle There will therefore be a reorganization of the board of directors on Saturday and steps will wUl be taken to bring the proposition proposition to the front again Concerning the value alue of the com corn anys holdings there thero is no question Some Borne of the best beat engineers of at the west Including E P Jennings and the rep representatives representatives of some s me of ot the biggest copper operating companies In this country have testified to the great merit of the ground and a year or so ago the property could have been turned at a much higher price than was being asked for treasury stock in inthe Inthe inthe the company com pan But Welmer Weimer believed he could handle It without turning it over mer to big op operators operators and he undertook to do it Had the panic held off another year he might have succeeded as it was he failed Now It is up to someone else to try and make good and the first move moe will be made mude on Saturday |