Show WEIMER COPPER HAS SHAKEUP Old Management Retires and New Men Take Hol HoW of Company Affairs i HOW FELL DOWN OBLIGATIONS WILL BE MET AND NEW START MADE There was a shaking up In the om official cial household of the Weimer Copper company yesterday at the special meeting meet meetIng m t Ing of ot stockholders A new board of at directors and officers ot cers were chosen and statements made at the meeting me dis j tho the fact that the company is something like or in debt with 1 of ot the he amount due to Frank FrankG G Worthing of John B Weimer promoter of at the company and Its former secretary secret ry and treasurer who holds the deeds to the four tour patented claims on which the organization was was based and from which the company comp ny shipped about worth of ot ore last year ear earIt It was supposed up to toa a short time lime ago that the company had full tull title to tha ground and more than fifty loca loea 4 U n nt at were later taken up by the elmers and turned over to the com It developed at the meeting yes yesterday yesterday yesterday that Worthing secured the option on the four claims claim referred to from Pe Peter Pet Peter ter t r for tor Worthing agreed to sell seU the ground to the Wei Weimer Weimer Weimer mer Copper company for Money was provided from the sale of at treasury stock and ore shipped from the mine mineto to discharge the obligation atlon as far tar as was concerned and final payment was made last October But Worthing it appears has only received of ot the amount due him and the time in which to make final pay payment payment payment ment expires today Secretary and Treasurer Weimer recently declared his Inability to eo 0 raise the necessary money to discharge the obligation to his son inlaw and the minority stockholders sto decided to call a meeting and see what could be done Weimer stated that he heas was as ready to surrender the manage management management management ment and do what he could to help the company cut of ot the tha hole Worthing is In n Idaho but he is ex expected expected expected h here re within a day da or two and J D Pardee who is now president f of i the company stated yesterday after afternoon afternOon noon that he was confident Worthing would give the company further time in which to pay him the and that the money would be raised and the We com company company pany started off of on th the right foot I There was an earnest and representative tive crowd of ot at the I men meeting yes yesterday yesterday and considerable sharp criticism of ot the former management was wasl indulged in After the election of ot directors the new board organized by electing om officers officers cers the result being as follows James JamesD D Pardee president H W Brown vice president H W Deardorff treas treasurer treasurer treasurer J L secretary the other director being Lorenzo Price Jr While the have asked no representation tion In the new board they are still heavily interested In the company and President Pardee Pardee states that John B Weimer declared after atter the meeting that he would get behind and push to the best of his ability to straighten the affairs of the company out and give the new crowd a chance to make good with the properties which are conceded to tobe tobe tobe be extremely valuable Since the organization of the com company company company pany about eighteen months ago about worth of treasury stock has been sold and that with the he ore marketed gave the company in the neighborhood d dof of Much lIuch money was wa spent in development building roads houses houses and one thing and another in the way way of at equipment supplies etc for the nines Ines but it seems that strict economy was not practiced in handling the proposition proposition proposition tion To make m ke matters worse the financial finan financial financial cial panic came on at a time that money to clean up the obligations was needed the th worst and when It was naturally hardest to to io get and Weimer fell down Properly handled and opened the properties of the company are believed to have in them the making of at one of the th biggest copper cOpper propositions in the west There Thee are a number of good strong men In the list of ot prominent shareholders and they are disposed ac according according according cording to sentiments expressed at the meeting yesterday to get into harness and help make the proposition what it ought to be President Pardee states that right now a ember tuber of men are making application application cation tIon for leases on company ground not Included in the original four pat patented patented patented alms and the probabilities are that some of ot them will trill be granted The fact tact is s mentioned to show that the com company comp pany p ny owned plenty of ground that men menat of at experience and a knowledge of the possessions believe to be as I rich rich as anything an yet opened I |