Ogden Sun | 1905-09-26 | Page 2 | Utah Copper Company

UTAH COPPER COMPANY vice chancellor pitney gives a lecture on honesty in corporations new york sept 22 argument was heard at newark N J yesterday before vice chancellor pitney on a motion for an injunction to restrain tho utah copper company from carrying out an agreement with the duggen helm exploration company by which tho latter concern would become the owner of 61 per cent of the stock of the former enos A wall of salt lake city vice president and director 0 the copper company Is the complainant nant he owns 20 per cent of tho stock of the company to carry out the plan which wall is opposing the copper company do sires to increase its capitalization to and bistue of 6 per cent ten year bonds the bonds and the new stock arc to be turned over under the plan to the concern at one stage of the proceedings tho vice chancellor exclaimed sly idea 1 that a man is nothing more than a born tool to take any stock in a company unless be goes in with men la whom he can havo confidence and who will not manage the affairs of the corporation regardless of the rights of the small stockholders I 1 like to sea a company managed on its merits with a due regard to small as well as the large stockholders mr wall has obtained several temporary injunctions restraining tha copper company from carrying out its plan and one of these will prevent a meeting set for tomorrow to put the nev plan into execution the vice chancellor reserved decision for a week