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Show ij FIHALL El BED ( 1 1 Knox Forces Annihilate Every- I j thing and Elect a Full H t ' Board. 1 H " 1 CLOSING SESSION OF THE DAY WAS STRONG ONE j Reports l)y Hie Management All Testify to Many ' Millions. The shareholders of tho jronlann-HBEI jronlann-HBEI I Tonopah Mlnlnp company concluded tho deliberations for which they -woro con-vened con-vened for two days In this city, during j the afternoon, and after a session that HflH I was memorably necrlmonlous. Tho re- suit -was a clean sweep for President Charles E. Knox and his adherents, I whom, the first ballot revealed, were ovorwhelmlngly In the ascendant. Not j ono of those by whom his policies had been criticised wna spared. His mastery . was complete, tho election resulting In tho election of the entire ticket t relciUlesBly advocated by hl3 forces. Ho asked no quarter of thoso who antngo-. antngo-. nlzed him; he extended none. The , slaughter was consummated in ovory dc- tail. Somo said tho punishment was harsh. It was tho edict of war, and be-M be-M foro it nil pity had fled The last appeal In bohalf of those abovo whom tho executioner brandished his blade s by Hon. William IT- Dickson. It was a touching one. but against the edgo of Inexorable fate It was vain. In it Mr. Dickson said: A "I wish to mako some comments upon the proposed ticket of what may bo called Jl the "president's faction" beforo these Jl gentlemen finally cast their ballots. I H will be very brief In what I havo to say. Jl ' 1 "Wo had the ticket I put In nomination prepared and printed beforo we know Jl what the report of the commlttco on H credentials would be. and notwllhstand- I ing the contest there wis between Mr. M Knox nnd ourselves, but recognizing at Jl tho snmo time that Mr. Knox was a Jl largo stockholder, and that although wo 1 should be in the majority, it would only I bo fair to him to givo him fair ropro- Bentatlon upon the ticket; that it would be unjust not to glvo him fair reprcsonta- I tlon wo put on tho ticket that wo had Jt 1 printed not only Mr. Knox, himself, that Jl I he might look after his own Individual Jl interests, but also put on his friend. Mr. Jl j Georgo F. Badgett, and Georgo S, Nixon, Jl who has been ncting with him, nnd Mr. Jl A. J. Samuel, who has been ncting with him throughout. We hao put Mr. Knox on for the reason, which 1 havo stated, J of his largo Interest In the company and J considering that ho should havo reprcsen- J tatlon on tho board of directors. But J that it only, by tho way, as to why wo J prepared that ticket. J "Now, speaking for Mr. Ellis and my- self, and notwithstanding what has been said by my friend, Mr. Kramer, wo did Jl not expect to hnvo representation if Mr. Jl Knox prevailed with a majority of J proxies here, and wc do not ask It. I speak for Mr. Ellis, as well as for my- self We would not accept It. Wo Jl neither ask for nor expect any favor at the hands of Mr. Knox or those who are Jl behind him. But- I do want to speak Jl from tho standpoint of Mr. Charles E. Jl Morris. To leave him without reprcscn- Jl j tatlon upon this ticket seems to me to be a monstrous wrong. It was I snid by Mr. Krcmer that he is reprc- sentcd on this ticket. That is a mistake; Jl he is not represented at all, except Jl I nominally. I understand it Is said he Is Jl represented by P. II. Gohn I bellcvo Mr. ' Gohn is a brother-in-law." A stockholder: "Cashier of a bank in Jl Butte." Jl Judgo Dickson: "Cashier of a bank, a Jl young man up there in Montana, who Jl I could not, In the nnturo of things, attend Jl very many, if any, of tho meetings of tho board of directors; a young man who Jl knows nothing about tho affairs of this Jl company. That Is no representation of Jl , the Morris Interests at all. Mr. Charles Jl E. Morris had taken no part In this con- test at all. He had said, ho was impartial between tho parties. He has said so hlm- J ; self here, and his letters to his friends J , show that he had taken an Impartial po- J sltlon. Mr. Morris and his mother and J . his, sistcra and brother arc not rcpro- M scuting here by proxy 3TO.000 shares, as Jl Mr. Dunlap does, buL they arc the Jl owners in round numbers of SO.O0O shares Jj of tho capital stock of this company. Hero Is that holding, enormous ns it is, held by a gentleman who has been upon J this board before from the organization J of the company. Why should the prop- J ' erty rights of Mr. Morris, his mother J nnd sisters and br other havo no rcprc- J scntation upon this ticket at all? Can j you gentlemen who hold the majority here afford to Ignore him in this way? As said by Mr. Krcmer, I speak only M from the standpoint of Mr. Morris, and I B . have had no conversation about It with H him at all. Can you afford to go beforo B the public nnd say, 'Because we had the power to do this thing wc carried it through, ignoring, shutting our eyes ab- t solutely to every sense of right nnd justice as between man nnd man. Dealing with tho property interests, dcal- ing with large financial interests, we, J having tho right to do it, Inllictcd this wrong upon this gentleman and his family, who had done no wrong to us?" Bj He had made no accusation against you j, who arc In control here at all from tho B 1 beginning to the end. I am Informed, and I think nobody will deny the truth of It, that Mr. Charles E. Morris was one of B tho first men to put up money for the 1 I organization of this company: that the J 'first money put up was put up by Charles E. Morrls-$30.000, and, as said by Mr. 1 Knox yesterday, his father put up , , J2-I.OW of tho first monoy put In to ' assist Mr. Knox in bringing about tho organization of tho company, and in the B i j acquisition of tho property now owned by the company. I beg you. gentlemen, II beg the gentlemen who nro In control ' I (here and I appeal not to the gratitude 1 of anybody; that might be useless to ap- I i poal to the sense of gratitude of those j 1 to whom I am making this appeal but 1 J I appeal to your senso of Justice; I np- peal to you.' Mr. Dunlap, with j-onr threo i hundred and odd thousand shnrcs In 1 proxies, to question your own heart and H'k , Iconsclencu and' let your own Jieart and N ' Iconscience answer whether or not you can reconcile your consclcnco with a ' I censo of right and justlco If you vote to 1 , exclude Mr. Charles E. Morris, with tho largo interest that ho nnd hla family I own In thi3 property, from representa- tlon on tho board of directors. If you cast such n. voto ns that would you not H j (Mr. Ivnox. and every one of you, when B you come to take a second sober thought of the situation, feel ashamed of this as you walked out of this meeting, having I nccoinpllflied such a result as that? If there Is anything T can say that wlli an- 4 peal to your sense of shame If you at- , tempt doing this wrong, to appeal to you 1 ' to take some step In Justice to this man B ,who has stood neutral in this conflict' ! ' " L tell mo what It is, and I will say it to save you, gentlemen, and sccuro to Mr. Morris a representation here small as it may be that ho may look after, not only his own largo Interest, but that he may also look after tho Interest of his mother, sisters and brother, und I mako this appeal ap-peal to save you, gentlemen, from the senso of shame that will til 1 your breasts If you go out of this meeting having perpetrated per-petrated such a wrong as to refuse that representation. Tho cloquoncve of no man's appeal, the forco of no condition, however, was to Interfere with conclusions to which tho majority had made up its mind, and whllo three tickets were Introduced, it was manifest man-ifest from the llrat that thoso only which boro tho stamp of President Knox's approval ap-proval wero to survive. The llrst voto resulted In tho election of tho following bonrd of directors: C. E. Knox, George S. Nixon. Georgo F. Badgett of Nevada, Budloy Baldwin of Cleveland, O , J. J. McQuillan, R. P. Dunlnri R- B. Wampler nnd Thomas Lynch of Nevada, A. J. Samuel of San Francisco. In tho election of ofllcors C. E. Knox was made president; R. P. Dunlap, vice-president; vice-president; Mr. Bndgcttt eccond vice-president, and Edgar C. Knox, secretary and treasurer. It was announced by President Knox that all of the directors would gather at Tonopah at an early day to famillarlzo themselves with tho company's resources. The report submitted by Donald Gillies whilo sorvlng tho company as manager and comprehending a period extending from October 1 last year to August 1 of tho present year, affords tho mjoflt interesting inter-esting lesson upon tho evolution of a Tonopah mine. Upon the dato with which his report originates, the company had an overdraft; nt tho hour of his retirement retire-ment It had been added to tho list of To-nopah's To-nopah's dividend payers, and in Its treasury treas-ury at this tlrno Is a flno surplus. It was In March of this year that tho creation crea-tion of a surplus was begun. Slnco that period the earnings of tho property havo reached a total of $2-10.191.12, or an avorngo of 5I0.S3322. or practically $150,000 per quarter. Deducting the monthly expenses ex-penses of $15,0)0, or $45,000 per quarter, would leave a net profit per quarter of $105.00), with which to pay a quarterly dividend of $100,000. Deducted from this, Tiowever, Is tho $10,500 credited to the stock remaining In tho treasury, which reduces tho actual dividend disbursement to $53,500 por quarter, with $21,000 to be added quarterly to a rcfiurve. After enumerating enu-merating tho various ore bodies and the points at which they occur, Mr. Gillies says that In replying io a question a few months ago as to when it would bo discreet dis-creet to begin the distribution of dividends, divi-dends, his roply was thnt it could bo done at any tlmo on a basis of"$100,000 per quarter and bo continued or a long period, pe-riod, with resources that wero then ox-posed ox-posed and which aggregated about 00,000 tons Tho report throughout was a most Instructive ono and proclaims tho Mon-tana-Tonopah ono of tho greatest mines in thaf camp of bonanzas. John A. KIrby, who was selected by tho board of directors upon tho retirement retire-ment of Mr. Gillies as manager of the mine, submitted an oral report which was equally gratifying nnd whlcri indicates conclusively that dividends will continue to issue. Thia report covered the month of August, during which ho has served tho company. Touching upon tho company com-pany s endeavors to dovlse mean3 with which to profitably reduce tho low grade ores upon tho dump, Mr. KIrby called attention at-tention to experiments mado by tho company's com-pany's metallurgist, Mr. Field, and which showed a recovery of 95 per cent of the metals contained In the rock. In the samo connection it may be mentioned that a consignment of ore is now. being tried out in this city by the Holdorman Filter Tank company, and with concluslvo' determinations, determina-tions, there Is no doubt thnt the property will bo provldod with a mill. The reports were received with many expressions of approval, and all concur that tho properties prop-erties of the company are nmong tho largest that havo been developed In tho I "West. |