Show 1 HINZE FF PRESIDENT RESIDENT OF STEWART special correspondence spokane wash oct 10 F augustus heinze of butte for three years the controlling factor in the stewart mine near kellogg idaho has ha become officially identified with the company at the annual general meeting a few days ago mr heinze was elected a director also succeeding C R leonard of butte as president al W bacon of butte was reelected elected re as secretary treasurer the other directors being B F oneill of wallace idaho E J carter of spokane and stanley gifford of new york president of the ohio copper company operating near salt lake city utah though no financial statement was made to the shareholders at the meeting it is known that the indebtedness incurred by the co company in the prosecution of the development work has almost been wiped out the constantly increasing production from the property gives assurance that it will shortly be accumulating a surplus and may therefore be expected to pay dividends at an early date mr heinze visited the stewart mine on a recent trip to the coeur calenes dA lenes and before returning to new york and expressed himself greatly pleased with the development saying also that he intends to push operations with a view to increasing the output from tons a day to tons within sixty days |