Show HELENAFRISCO SOLD Stockholders Dispose of Idaho Property Pro-perty to New Company TRIBUNE SPECIAL Helena Monl Jan 3The stockholders stock-holders of the HelenaFrisco company at a meeting In Helena today by a practically unanimous vote decided to sell the HelenaFrisco mine on Canyon creek Ida to the Frisco Consolidated Mining company limited organized under the laws of Now Jersey with a capital stock of 2500000 The action of the HelenaFrisco stockholders completes com-pletes the consolidation of the Helena Frisco the Black Bear Gem and Galena Ga-lena mines and together will make tile biggest mining corporation In the Coeur dAlencs The entire business has been In the hands of a committee composed of Barton Bar-ton Sewall of the American Smelting and Refining company and David Hyam of New York and Norman B Holler of Helena Edwin O Holler of New York president of the company voted most of the stock represented at todays meeting Francis T Freehand of Aspen Cob consulting engineer of the company was present It was announced an-nounced today thai Joseph McDonald manager of the HelenaFrisco would be manager of the consolidated company com-pany The HelenaFrisco which is one of the famous properties of the Coeur dAlencs represents a little more than onehalf of the new company About 1200000 will be paid for the Black Bear on which 200000 has just been paid and the Galena and Gem When the consolidation scheme was first announced 11 was said that It meant a silver and lead trust but that Is denied emphatically by the officers of the new company The first work upon the consolidation just effected was planned some time ago A M Holler of this city was one of the first movers in the scheme The old Helena and Frisco company had sold out to the Exploration company and a majority of the stock was held by Englishmen The Helena shareholders share-holders wanted the new company to list time stock but that was never done and Mr Holler set about to secure the English En-glish holdings Altogether 85000 shares of the English stock was purchased at their par value of 5 a share and these shares with the others are now merged Into the now company The Ilel cnaFripco company is now practically out of existence and will eventually dial ncorporate |