Salt Lake Telegram | 1918-10-26 | Page 10 | Peace Overtures Made in Contest over Emma

ifflCE OVERTURES MADE IN CONTEST OVEREMMA Control in Consolidated He-ported He-ported to Have Suggested Suggest-ed New Plan. According to Charlea A. Stoneham A Co. the miration which resulted In tha closing of tha Emma Consolidated, Alta, Utah, seams headed toward a settlement. Overtures Over-tures looking; to a pee.ee by understanding; are said, to have been made by tha controlling- lntereata In the Emma Consolidated Consoli-dated to tha minority stockholders of tha Old Emma Mines company. The latter have contended that the Emma Consol- Idated, through Ita majority ownership of the Old Emma, was oppressing tha smaller small-er owners and systematically exploiting the Old Emma for the benefit of the hold-In hold-In corporation. I Suit was started to secure an account- j , "Hi th"t j'"'" f an. assessment levied on Old Emma stock. HI nee the litigation commenced and mining min-ing operatlona were stopped tha stock of Emma Consolidated, once quoted In dollars, has fallen Into the penny class. Fnder the Emma .Consolidated management manage-ment tha Old Emma haa yielded about $:&o.coo in ore though no profit haa been shown.