Show EUREKA SMELTING AFFAIRS ARE BELIEVED UNTANGLED A great amount of interest has been turned on the affairs of the eureka smelting smelling Sm elting and croesus companies for the past few months mining interests and newspapers throughout the country have been watching closely to see if the involved affairs of the companies could possibly be straightened out and the thousands of stockholders have been anxiously awaiting the results of the annual stockholders meeting which took place at eureka nevada on the it is pretty generally known today says the sentinel in discussing the proposition that the croesus company has been merged into the eureka smelting smelling Sm elting company so it was an official meeting of the latter company which was held the properties of the smelting smelling Sm elting company include the eureka E king ing peerless eureka croesus prospect mountain and eureka tunnel companies the eureka nevada railroad and large property holdings 6 in the town of eureka including a hotel stables etc the smelting smelling Sm elting companas Comp anys affairs are also of great importance to the entire eureka district as it is in the power of the company to bring about the greatest mining boom this state has ever experienced if large scale operating and smelting smelling sm elting of this districts ores is started for some time past development of the company companas comp anys s properties has proceeded slowly owing to internal dissen tion in its affairs ten million shares of stock are outstanding all over the country its securities are traded in on boston and new york exchanges so interest has been widespread and intense there were four distinct factions entering into the eureka smelting smelling Sm elting company troubles the eureka development syndicate which holds the eureka nevada railroad in trust for the company was being sued by the company management for breach of contract in not turning over the railroad to the company the syndicate in turn was suin suing the company for several hundred thousand dollars paid for or the railroad and refused to turn the railroad over until repaid A protective committee for the stockholders refused to allow any settlement to be made without its sanction on the ground that the company was not being represented by a qualified management A bondholders bond holders committee also claimed rights in any settlement that might effect the security underlying the bonds the representatives of the various factions had been gathering in eureka all week conference after conference was held and apparently the divergent interests were adjusted one by one until just before the meeting probably mutual agreement was arrived at in any event the meeting produced a board of directors which represents all the different i interests syndicate stockholders former management and bondholders bond holders it would seem that with all parties joining hands as directors complete harmony must ha have hae e been arrived at we have been assured that such is the case by some of the new directors we shall await with interest to see how the plans of the new board operate to stimulate activity in eureka certainly it would seem that there are influential interests on the board that can put the district over if they will |