| Show EVANS NS lAD DECLARE I 1 IA i WAR A ON CO I II I I II While lillo hio the tue disagreement t bet between t een Robert D D. Evans E 8 an and hIs iris as associates in iii the tho United I States Smelting an and Refining Compan company I has been of oC long standing it I Is Interesting to know that Mr 11 Evans Evans' E alus' interests have hwo I been acquired b by his as associates anti anil that this II great Icat Institution lion which had 1 Us Is tS birthplace birth birt Ii- Ii place on Utah soil Iol Is In li primo prime condition to tu show greater ater earning power pOI I than at nt any time In It Its history Dl Describing scrib- scrib lug ing InS tile incidents which l led d up lP to the tho purchase purchase pur pur- chase chac of or Mr Ir Evans Evans' interests the ho News rUI- rUI cw Durl Bureau au says ays The Tho rii harmony agreement made a year a ago o between let noh Robert rt D. D Evans E dlce I tar tor tr and largest stockholder of the tho t United States Smelting Refining o and Mining which ob- ob obi company an and other oIlier directors i a u contest for control at ot the last OI-j OI annual Ic meeting has not held luell War Var nr has apparently again been declared ll by Ir Mr I. I I Evans E 1 it I w will probably not nut take the form thIs year car of or a u conte contest t for Cor proxies A under tinder a compromise the thc year Cr ago a board of or directors alO was Increased and Clark R. R Frank G. G Webster B. B J. J Edwards and anti S. S I. I L. L Bartlett were 10 elected elect elect- ed eti d directors upon the nomination of ur Mr Evans I At that time tinie an nn agreement was signed whereby Mr 11 Evans E agreed to withdraw all al cs charges and ld li ho alleges that the directors director agreed to brin bring about a a. chance In Iii the ugee management Mr 11 J Evans van I desired tle the removal of A. A F. F ollen and W. W II 11 J. J CoolIdge and nd the tho placing in charge I of ot John ohn Hays Buys Hammond Mr 11 Evans now claims that his co di rectors havo have not lived l ed up to their agreement agreement agree agree- ment meat that while Mr Mi Coolidge has re resigned ro- ro signed Mr 11 Holden is still tl the managing director and no consideration has been given Riven n I to the tue substitution of Mr r. r Hammon Ham Ham- mon mond mu has submitted a long I Mr Evans E now 1 statement to the hoar loaid making various char charges that thal certain directors and other others have benefited through underwriting commissions corn com missions tc to tho extent of over o 1 1 I and demanding on the part of or himself a and nd other stockholders t that la t tho the directors take talce proper legal proceedings s to directors and other uther recover from rem tho the d persons liable tho tue sums duo the lable complY company by reason of or the tue transactions referred to At n a I meeting of the tho directors hel held Mardi 26 a committee was appointed consisting con con- slating 6 of or Charles G G. HI RILe Rice S. S J. J L. L Bartlett and U. U Pre Preston ton Clark chairman to consider con eon alder sider r th the Evans I charges anti and demands Til This committee ha has furnished e cr every di director dl- dl rector who voted for or t participated In Inan an any of or tho transactions above referred to os as el as ac any persons firms or 01 corporations corpora corpora- outside the hoard board with wih a copy COP of or orthe tons the Evans B chal charges e stating Wo o shall strive to reach nil all nJ material facts mets with wih all 01 tho thoroughness of or which w we wc are arc capa capa- blot ble Alter After reading should there be ue an any facts o of which you OU de desire to advise us w we e should be le glad to have havo them them It Is very evident e from front the tho above c that the tho J contest between cn Mr MI Evans and the theother theother other directors of the board which was r relieved to have h e been settled sette a n year n ago aco o lc e has brok broken n out again and md this his probably accounts for fOI the recent yelling selling of or the thea a boek toJ Mr 11 Evans E is tree free free In his criticisms of or ortho tho the company and alleges that net earnings earn earn- In logs ings s could be he le Increased d a year ear under more aggressive and capable man man- t Another large larg Interest in the lie company says Sal's a Notwithstanding Mr I Evans Evans' lar largo large t Interest In iii the stock of or tho the company that does not entitle him to run the company cos according to his views In direct opposition Ion tion to the twenty other directors dIrector men lon In the tho who have havo o hn attained prominence business and world The matters maters ho lie claims aa nR subject for legal proceedings R were in every case cas straight business transactions They are arc tho the same charges chates ho he rondo made a n year ago 30 Thero Theio will wi bo lam no trou trouble le among the directors or stockholders hold hold- ers of or tho the united States Smelting compan company com corn Evans' Evans attitude pany pan by reason of or Mr Ir Our properties are all al In a most most excellent condition and arc are sho ll showing substantial re returns rp- rp re- re turns Whether hether or not the company could be made to show lar larger el returns under a n be Mr Evans is management selected b by another matter ma tel open to question Queston |
