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Show It'll United States May Remain in j Charge of II old en and M '- Associates. j BOSTON VIEW OK jj THE LATE RUMORS' ; fi Why John Hays Hammond Has jlj Been Mentioned in This . . t Connection. Ili A leadinc interest in the -VniLcd I, States Sineltinc. Hefininc ami Miniii.' li , company says: "T do not believe tliat ! I' there will bo any contest for control hi I' ' a'f the United States Sniehin.c. Rcfininc y J ' and Mining company. Nobody is ilif- L'Jjtti t satisfied except Kobcrt 1). Hvans and possibly a few of his frionds. ft ia. j , trim that Mr. Evans if the largest in- flu dividual stockholder in tho ooinpanv. jnf iilthoiinh it. is understood that ho sold iuj . a large block of stock abroad last fall. gf' Tt docs not signify, howovrr. thai be- m4 cause of his largo ownership he is en- tj titled to run the company according to ft ; his views and- in direct opposition to ' C'l . fourteen other directors, all of whom t.fl are men of maturo ace and good .iudg- yM incut, and all men who have attained i'lBi prominence in the financial and busi- ness world. ' "T question if stockholders would x M . give Mr. Evans control of the coni- IJ 11 pany. 7f he makes any contest for K I, control, and make? and charges, there qy may be r.wo Eides to the question. There i :! are" only four directors to be elected 111 I this year, and should Mr. Evnns con- j 1 1 trol the meeting and elect all four direc- j j torfi of his own choosing, this would fir not ive hini.a majority vote in, the !: board." I U Lees than 20,000 shares of stock of j kV the United States Smelting. Refining Ml ' and Mining company stnuclR in the j name of brokers (except thoso identified with the company), so" that, in nnv eon- i t test for proxies "the brokers will play i: but small part Ther" is probably no large mining company controlled in Bos- i Ion whose directors own such a large Sj1 proportion of stock as is the case with ' T the United States company, tor although L there arc S00.000 outstanding pharos, i fi actual control rests in the board of t 1 J director? As the board is divided, jfj- however, the -100,000 odd shares con- St. trolled by the directors is prettv even- ( ly distributed in point of toek own-, own-, ersbip between the Evans and the man-. ? r, agement interests. Tt is estimated thnt lip; 50,000 shares of slock, principally pre- 1 foTred, are held abroad. Tt is by no fj i I means certain that a contest for pro.v ji j ies will be necessary, as, by reason of !' large vested interents. and the finan- I Kl cial prominence of all tho parties in- j ll volved, the matter may never get to j Aj ihe stockholders, fj ) ' Surprise ip expressed that' John Hays ( Hammond, who has been so closely 1 . identified with the American Smelting (i f and 7?finiug interests for the past five IHife years, is avaunDie inr tirn nearl ot the r United States company, the principal jp competitor of the smelting trust. Messrs. I jj, Evans and Hammond havo, however, I n hcou closely associated in business ven- 1 It tures for some years, and are very close I If friends. Mr. Hammond has severed all I K connection with (he Guggenheims, and I I ha. recovered his henlth after an oper- I U ation for appendicitis. Mr. Hammond's I J. affiliations in tho mining and smelting 1 field are such that he could command I ft operating talent which the Evans in- 1 J teresls clnim is very much needed in I 1 the managemont of the various prop- erties of the Vnifed Stalos Smelting, V ( .Roflning and Mining eonipnnj-. H Friends of Mr. Holden sav that he 3 ' Is not contesting for anything. He n has given, five years of very earnest ,b endeavor in the interest of the United r . States company at great inconvenience I- to himself and sacrifice of many private , business interests." fov Mr. Holden has fr vast private interests in coal, lumber, I t etc., and at the present time has prac- ! j- tically no financial interest in ihe I United StatesK'ompany, nnd is not the j f recipient of a large, salary. Mr. Hol- den has beon tho operating managing j I head of the United Staies company from J R the time of its inception as the United States Mining company when it held i if ft few small properties in the Bing- ham camp, now the smallest end of . flic proposition. The company now con- j trols mining properties in Utah. Cali fornia. Nevada, Mexico and Alaska, all i r.f which were acquired upon oxperc examination and recommendation bv Mr. Holden. . Mr. Holdon has supervised the build-f build-f ing of two copper smelters, two lead smelterB, oopper and lend refineries, and I 'mis seen the company grow from prac- ' tically nothing to u" corporation earn ing botwc.cn $3,000,000 and 4 .000.000 per annum and the leading competitor or the American, Smelting and Refin-4 Refin-4 3nC: company. He is satisfied to stand 1 on. ins record, and if his frionds in i . the management desire him to continue j as managing director, he will not re- i use. especially under fire, but he will pot be a party to any contest, unices' t . J'. .'omes to a question of standing bv til ' his trionds. Boston :"ews Bureau; " |