Salt Lake Tribune | 1913-06-15 | Page 32 | Butte and Ely Not Pleased with Deal

BUTTE ID El! PUTT PLEftSEDWiTH DEAL Meeting in Butte Develops Opposition to the Terms of Merger. There was held last Thursday at Butte a meeting between several shareholders in the Butte & Ely company and Thomas Thom-as F, Cole, at which was under discussion discus-sion the proposed consolidation under the Coppcnulnes Consolidated company of the Butte & Ely. GIroux Consolidated, Coppcrmlncs and Chalnman companies. The Butte & Ely shareholders, say reports re-ports from the meeting, are by no means satisfied with the terms of the proposed merger, terms which '.Mr. Cole assured them were decided upon and are as given out. Butte & Ely stockholders have been very Impatlont for finite a time. The control of the company Is held by the Giroux ami Butto & Ely has been pretty much neglected all along. The company owns a splendid group of claims adjoining ad-joining the Nevada Consolidated steam shovel pit?, and with proper development and equipment the Butte & Ely unquestionably unques-tionably would become a substantial producer pro-ducer of low-grade copper ores. The company has n. well filled treasury and shoroholders bellove that they are entitled en-titled to more reasonable treatment than that contemplated. Ono stockholders is reported to threaten threat-en a receivership for tho company, but whether this step will be taken or not of course cannot now be stated.