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Show MEETING OF THE QKIOSTOCKHOLDERS Interesting Question Will Be Disposed of at Lincoln This Month. CHANGE OF OLD FOR THE NEW STOCK Property to Be Transferred to Heinze's New Company of Maine. Local stockholders in tho Ohio Coppor company are in receipt of a statement anounclng some extremely Interesting and significant plans of this organization. This statement, in effect, is that on the 19th of the present month there will be a meeting of the stockholders in the city of Lincoln. Neb., at which session will ba taken up for disposition the question of the transfer of the stock of the Nebraska, Ne-braska, organization for that of the recently-formed company under the laws of Maine. In this city the Utah Copper stock held is In the company formed under the laws of the State of Nebraska. A few weeks ago F. Augustus Helnzc, who secured the control of this company late last year, organized the Ohio Copper company com-pany under the laws of Maine. The capitalization capi-talization of both companies Is the same, namely, one million shares, onlv tho par value of tho Nebraska organization Is $1 per share, while the par value of the Maine company's stock is $10 per share. The proposition to be presented to the stockholders at this meeting will be to exchange such old stock share for share for that In the new company formed In Maine. The question of transferring the property prop-erty and interests of tho old organization to the new also will bo disposed of, and several of tho local stockholders stated that this new order of things was oxactlv to their liking. There Is no question, therefore, but what the stockholders will pass favorably upon this proposition. Not only are they willing to follow tho load of Mr Helnze, hut It Is rcallzod that the corporation laws of tho State of Nebraska are not at all fitted to mining organizations. The statement designates .Tudgo John A. Street, tho well-known Salt Lake lawyer, as the propor perfon to whom all proxies of shareholders may be jrlven for tho purposes mentioned. U also la of Interest to the Ohio Copper Cop-per shareholders to be reminded of tne fact that on today will be held the annual an-nual stockholders' meeting of the company. com-pany. This mooting will be held In this city, and as fur as could be gathered yesterday there will be no change whatever what-ever In the personnel of the official family. fam-ily. This means that N J. Catrow will be elected president again; F. Augustus Helnzc will be selected as vice-president; F. P. Schwlndlcr will be chosen as secretary secre-tary and treasurer, and C. V.. Traher nn assistant secretary. The board of directors di-rectors will be tho same as during the closing fiscal year, and tho members will be Mr. Helnze, Thomoa Wolr. F. P. Schwlndlcr. N. J. Catrow, Captain Duncan Dun-can MacVichio. Colin Mcintosh and W. A. Kidney. Since the entrance of Mr Hcinse in the affairs of the Ohio Copper company, very little has been learned regarding the. company. Its plans or Its developments develop-ments at tho Bingham mine. It is known here, however, that the Ohio Copper property prop-erty lias opened up Into one of the big mines of tho camp of Bingham. Tho ores are not only richer In the red metal than is usually the case at Bingham, thus assuring more results from a given amount of tonnage handled, but in extent ex-tent tho resources have opened up wonderfully won-derfully during the past few months. It can safely be said that estimating the price of copper at as low a level as 15 cents a pound, the Ohio property has considerably over 510.000.000 not In sight and available at this time. The ore also Is an Ideal concentrating rock With the old leased mill the present pres-ent management is making a remarkable saving of values. The new 4000-ton concentrating con-centrating plant now under process of construction will be built according to tho lossons learned In this old mill, but upon no Improved a scale that the possibilities possi-bilities of metallic saving will bo several sev-eral units In advance of the prcsont conditions. The connection to be made bctweon the Ohio workings and the Mascot Mas-cot tunnel will afford a most economical avenue through which all tho resources are to be brought. It does not take tho small end of a telescope to bring the future fu-ture usefulness of the Ohio Copper company com-pany to the proper focus of realization among all who realize how splendldlv the mine Is being shaped up for production. If any one were to ask Mr. Helnzc If ho would advise capital coming Into Utah mines, undoubtedly he would point to his Ohio Copper succcj-s He would show the stock level now a.L S5 to $6 per share, and then compare It with tho price when he took hold of the control, the prlco being be-ing loss than a dollar a share. And he paid less than a dollar a share for (he control. |