Show JOHNNIE MINING MILLING i news goldfield nev 4 al AI meyers and T A johnson have issued a circular to the stockholders of the johnnie miring and milling company askin ing for proxies and a petition is being circulated according to the signers of the circular to he be presented ted to the directors asking a special stockholders holders meeting at which time an effort will he be made to remove the present directors and officers and install now new ones from the ranks of the old johnnie consolidated stockholders those who exchanged stock in the old company for that in the present johnnie the circular charges the recent change in managed management ent was brought about by directors ambitious to become officers and managers age rs of a successful mine the minority because of the death of a director having a temporary i majority rajo rity of the board u the resignation of meyers and johnson ir in may so the circular states was norvol not voluntary it was demanded by aspiring aspiri nj directors itis it is asserted that some of the directors havo have never als visited ted the mine and boess no 30 mining nang experience it is alleged that in the recent sale of shares of treasury stock none was offered to 0 o stockholders holders whose I 1 shares stand them anywhere from ten cents to fo one dollar a share they having exchanged johnnie consolidated costing from one to io ten cents a share at the rate of ten shares of the old for one of ofa the new these stockholders the circular asserts would have been glad to have evened up by buying at the 10 cent price particularly as the money was to go into the treasury tre a s u ry for mill improvement I 1 the argument is made that the time is not propitious for the sale of stock and general bad management I 1 is suggested some of the present directors are charged with selling their stock while advising in shareholders not to sell and this it is asger asserted ted has caused the market to tumble |