| Show HEINZE HEINlE EXPLAINS HS HIS POSTIN POSITION IN OHI OHIO COPPER COPPEn V. V In the circular letter leter to shareholders ol ot of Ohio Copper F. F Augustus explains ex ex- plains his relation relations with wih the tho company compan and c compares th them n to President William llam O. O Allison He a S 'S that statement that tha tha ho Heinze has used th the company to his personal advantage antage IB la false fabe that he I is 15 resisting litigation In the courts courts courts-a curts' curts a case cat for tor or usurious exaction against Allison AU Alli AIJI- son son and and and that he accepts the challenge ma made e b by Allison leon and leaves lea the stockholders stockholder ers era er to choose bet between eel Heine and nd Alli Alii- son sorn In contrasting Allison's work with his lila own In Ohio C Copper affairs says ES E'S that Allison AIEn Is receiving a a year er eras as president of or tho the company compan and his Ius son 0 50 a month for a nominal position while Heinze receives no compensation or emol emoi- of ot any character and has hae no relate rein rela- rela- rela tives t e In an any position or otherwise other other- wise wise That neither Allison Alson nor his son has ha any knowledge of the mining busi bust bustness ness while has had a lifetime of ot practical mining experience Referring to the smelting contract and Cen Con Contral Central railroad says SS S'S V This contract was made only onh after I had personally leased the smelter iford In southern Utah arid and threatened an to start competition to the Salt Lk Lake works o or of the Guggenheim Securities company compan This Thil was at a time when all ul the smelters wr were re fighting shy of ot contracts and the tho Ohio contract Is iE represented represent II to me mo to 10 be as good as that between n the Guggenheim smelter and the Utah Copper company compau and and at the time It I was made could not have been duplicated b by an any other man This contract could not be duplicated a at t the tho present time Um and although that tha t property Is managed according to the latest lates standards standard of efficiency the tile char charges es for or transportation are so 80 near actual cost that the tile net ren revenue nue during months when tons were moved mO Is practically the same mf as as' as the net on transporting tonE tons This Is lE due to the tho necessity tt o of extra train trin crews who are not worked full ful time and m means nR that when takei In units unis of 1000 tons p per r month tho return from the railway at tho the rates at present being charged Is lf nothing My My Iy experience In Jf life has shown that It Is always s aa advisable able to look for u a mans man's motive Behind a veneer of apparent In interest interest in- in terest for the stockholders of the tho Ohio Copper Mining company Mr Ir Allison Alton on hides bides the real animus and venom of his personal per per- attack upon me When these mo tives are disclosed his attack dt degener enera ener- ener a ates tes Into another r Illustration of ot the tile guer- guer bler- bler I warfare he has hat undertaken a against me nie and m my financial Interests I Intend to meet him In a dignified a way and li In the courts courts but but what Is is' his motive I 1 I. I I have ha e a a suit pending against him In the supreme court New York county charging him with fraud and usury 2 He Ia has brought a suit against me on 8 some me notes which I allege were given him In consideration of his hie agreeing to carry carl certain securities Ohio Copper stock amon among others until wo ire should be able to realize upon the same at a profit Mr Allison contends contend lson that these agreements w were ere re Pimply simp loans In connection with which I gave e a him presents and various arlous other things of value alue S 3 3 I consider that he conceived th the Idea something over a year 81 ago that he would get posse possession slon of m my property at a moiety of Its Is value been Indus pursuing me In er e every enterprise In which I had an any Interest Interest- First b bj by curtailing the tho credit and standing of or m ny enterprises second by Involving m my control con con- trot o of them In endless controversy third b by Injuring m my personal credit whenever and wherever possible 4 Mr rr Allison Alson has had the able adIce advice ad ad- vice Ice of Mr Royal Royal I Victor of tho the eminent la law lair firm of ot Sullivan an Cromwell which firm al also o represents alleged claims against me mo on which suits are now practically at al issue Involving upwards of jl- jl |
