Show M MAJESTIC Jf TL M MAY r rOT NOT OT t Mf f Stockholders l Raise Objections to The Tile Plan of Placing Their Prop Property erty ert Into Int Monarch Combine SMALL INTERESTS COMPLAIN Statement from rota QuIncy Boric Attorney AtI for the thc Voting Trust t COni Com Committee Another Meeting The to consolidate the tho properties of ot the Majestic Copper Min Mm lUg Ing III company with those these tI IIO I which the tho Monarch Mines lIne Smelters corporation proposes s to control seems I to have hate received a serious set back In Inthe inthe the tho east and und tho the Monarch enterprise e may 1111 be lie carried out without the former According to the tho New Nell York Commer Cominer Commercial cial clah all efforts to bring the tho Majestic Into the have hae been practically abandoned till nil on account of ot objections raised by some sense of ot the tue stockholders stockholder so eo tho the future of ot tho tue big bh Heaver r county Is very cr much unsettled Says Bays the eastern publication I Development regarding the tho pro posed annexation of ot the tho properties of ot the tho Majestic Copper Mining Smelting Smelling company In to those of newly nty or organized organized Monarch Mints Mines Smelting cor has hils received a Ii serious setback during tho the t few r w flays days It Ills Is learned that as its soon coon ns OK the tho possibility of the tho plan plait going through us liS announced last latt week was wan brought to the tho attention of oC some tomo of oC the tho Majestic stockholders they Immediately IY offered innumerable pro protests protests tests tho the consolidation This Thill attitude Is III reported to have hae been so Ills dis displeasing pleasing to tho voting trust committee who hall hail engineered tho preliminary steps of ot tho the deal tI that all nil further nello negotiations regarding the matter haVe havo practically been beon dropped for tor the tho th time being lilt It Is III said that a large lorge majority of the stockholders stockholder of the Majestic com company comlIn company pany lIn were vero cro strongly In favor aver of ot the pro proposed posed pORed combination as It was 10 pointed out that under Its terms term as its made public the property would again bo be placed on Its feet und and tho the large Indebtedness amounting to over would be taken up by b fin financial financial ancial Interests Tho rho complaints hMo have come mainly from front parties par tit holding but buta butI a I small email Interest In the Ing lag to the Information secured from those thoss In touch with the enterprise They Thoy IM lire are reported to have paid very little for tor or their stock hut but their objections may ma be bo sufficient to block the contemplated merger Members of nt the voting trust committee have not to express ex ress their complete surprise at lit the olt aitt attitude tude of oC those stockholders and nd these com corn complaints plaints have hate destroyed d nil all the Interest which they thoy had hall commenced to feet feel In Inthe Inthe Inthe the developments as na they the were pro greeting A meeting Is to bo ho called this week by 11 the voting trust commIttee to fur tur further turI I ther thor consider what action should ba lit betaken taken looking toward the financing of ot I tho the Majestic debts It Is Isalia nl also alia o learned that hat they vitI consider tho tue proposition of or placing the tho Majestic tl In ia the tho Monarch company but what tho the result will be lie In the light of at what has had transpired In the th last 1081 few tel days cannot he bo foretold liard loose c the tho attorney for tor forthe tho the voting trust committee when seen seon did dill not hesitate to say Sl that tho the pro hP proposed II posed merger was war OB not fur far off whereas lost last week thero there wan wnM every probability of ot Its lis going through U I 1 feel thoroughly Justified In say MY 11 lag Ing he Mid that the tho th depositors of ot the tue Majestic stock will wll not nut receive any att an pro tiro proposition position for tor some seine time lime regarding the tho deal which It was tt all expected would You III soon noon 1 go through Tho Thu voting trust feels that nil alt the objections and protests that have 1110 been lodged against It since It was ivas announced Unit a 1 combination might ba he effected lies has warranted their dropping negotiations for tor the time ben White WhIle their was ever every probability of the d n going last week by lI the terms of ot which shichi the tho stockholders stockholder would have hlo been l tn given RIven an RU opportunity to ratify and authorize the transfer now no the lIP chances of ot Its being made nr ar aro slim film Tim The committee finds itself thwarted In nit all attempt to rehabilitate till the Majestic properties and I cannot state what further plans they ther Hill un d 1 I I j In 0 say In title thin connection that the tho duties and obligations of ot the voting runt trust have havo hll been very ory much mitch misunderstood stood atoM The fine Impression seems to prevail hut they tiie are obliged to finance and place Ice 1 A n producing basis They Agreed substantially to Such Midi a Il provided the tho made re rib r the conditions and assets of ot the tho he enterprise would be found as OR stated h n wo we have ha that tho the debts lire are much larger titan than we ve haul hat been made to understand we would find them and anci dh r hMo horn been discovered that has linus 1 the tho vot tot lug trust In a R peel poM lion Whit the tho outcome bo ie ii to mains to be lo wen seen I ran cnn alit add that the tho committee will do 10 tb everything In III its Iti power to prevent the thc appointing of a II receiver for tor the tho company and alit endeavor to secure an In adjustment by b best arbi arbitrary means menns A J melange mm IIO from rein the tho east Mt today toll rOil eon conveyed the Information the time meeting referred to will take talco place PinCe tomorrow and further that tho the indIcations indication ie seem em m favorable le for the discordant Majestic Majc patching up Ui a n truce and Hiving giving their consent to the plan plait to com corn bill bine with the Monarch |