Newspaper Page Text
MONDAY, FEBRUARY 13, 1911.
THE CALUMET NEWS. Hancock Department COMMITTEES TO MEET THURSDAY GENERAL MEETING OF GREATER HANCOCK CLUD COMMITTEES TO DISCUSS HOME-COM . ING FEATURES. The meeting of tin Greater Ilan , (,( k fl'J to take; further action on tin' home-coming elebration utitl st iiil''i'iit.'ttnlal reunion to ho hold on Thursday evening at the city hall, will 1x a gonc-rul ono, ami Imitations will 3n i-xtcndcd to all members to attend. t In hoped to have a pood uttendance, an many Important mutters will he brought 'up' for consideration, among them .being that of sending a delegate! to utteiul the meeting of the Upper lVnln'sula development nsHOviatlon at Menominee on February 21. Tho various committees named at the meettnjj two weeks ago Will he Increased as may he deenied advls al'le, It being understood when they were announced that the lints were . H cts to revision. The committee im amusements has heen communicat ing with various uhow enterprises which It Is desired to secure for the "Adit" feature of the exhibition at the driving park and may he abh; to re port some progress at the meeting on Tlau "day. although definite arrange ments will not he concluded for some time. The transportation committee also bee n busy and is In correspondence with railroad managers relative to se curing special low Tare excursion rates will be fixed. It is hoped to ob tain boat excursions from Port Ar thur ami Tort William, and to have tN O.lg steamers of the varlom lines t.iiiii.ing at those parts so arrange their schedules that Hanoi k can be included In their itineraries for the week that the cnrnlval continues. The suggestions for celebration fea tures which have already been an nounced will be still further discuss ed and worked out, iyid other Ideas will be advanced for making the event a successful and entertaining one. Executive Committee Meets. A special meeting of the executive committee of the CSrcater Hancock U:b has been called to take place thk-i evening to discuss the question of date, concei nirg which a dlrUeulty has uiism because of the fac t that the dale selected, week of July 17 Is the same as that chosen by the Copper Country Chautauqua association for their annual n-'somblly at Electric pink. The attention of the Greater IInnck du1j official was recently called to this fact, and It ha been suggested that another date bo chos en for the celebration. The week of July 17 comes immediately after the July pay day in the local mines, and for this reason Is favored by most of th business men. and Is considered the best time of the .summer for suc cessfully handling an event of the magnitude of the proposed semi-centennial home coming. The Chautauqua people on the other hand, cannot possibly change their date without serious Inconvenience, as the speakers already engage-! have made their dates so as to nlvo the copper country chautauqua the bene fit of their presence here In the week of July 17-2J. Five well known speakers and. a large musical organ ization have been engaged, and their dates assigned, to change which Is now practically Impossible, and It Is feared by those interested that the holding .f the carnival and home coming simultaneously with the chuu tauquu would Involve considerable fi nancial loss, by reason of conflicting attractions. The matter will be thor oughly diseased this evening and uu effort made to adjust the matter sat isfactorily to all concerned. Con Kennedy, manager of the Park er Amusement Co., arrived In the city today and will present a proposition for bringing his attractions here for the home-coming week. ernor of New Amsterdam. Resides Mr. Winburg there is a cast and t horus consisting of about sixty peo ple, Including high grade singers and comedians, pretty girls, graceful danc ers and the popular song hits that have made "The Rurgomuster" one of the beet attractions of Its kind. The costuming and staging will be bril liant and the production will tie null us to afford an evening of unalloyed amusement ami entertainment. TO RAISE CHURCH DEBT. Organization Formed to Work for St. Patrick's Church. The St. Pntrlck's Church Debt Pay ing Association Is the name of an or ganization formed at a meeting of members of the St. Patrick's church last evening. The purpose of the or ganization is to devise ways and means for paying all the outstanding Indebtedness of the church this year, this being the fiftieth anniversary of the founding of the church. The officers elected are as follows: President Dan A. Holland. Vice president T. F. Dwycr. Secretary John F. Delaney. Treasurer C. T. Harrington. Advisory board John T. Rcnten back, Hcallon, James Copeland, D. E. O'Nell, John Keyes, J. J. MeGrath, Ed Culf, John Uarrett, Pat .Sullivan, Stephen 'Murphy, Dan 'Murphy, John Leary, Dennis Shea, Dan Crowley and Dennis ('row ley. A meeting of the officers and ndvls ory bo;ird will be laid on Wednesday evening In the parish rooms of the church. ORATORICAL CANDIDATES. Subjects for Declamations and Ora tions at High School. For the high school oratorical and declamatory contests there are nine entries from the Hancock high school, three of the entrants having selected orations ard six declamations. The subjects have been chosen from the pamphlet Issued by the Michigan high school oratorical association, and are ns follows: Orations "Disarmament of Na tions' by Karl Ixudy; "The Na tion's Perpetuity," Ikirothy Gregory; "Florence Nlghtlngule and the Red Crosn," Mary Everett. Declamations "The Eulogy of La fayette," from Edward Everett, Helen Carah; "The Eulogy of Lafayette," from Curtis, Dorothy IMayworm; "The Mlnutemen," from Putrlck Henry, Charles Ziinmer; "The Martyrdom of Joan of Arc," from Do Qulncy, Ruth Ali tz; 'Our Nation's Flag," from Hen ry Ward Beecher, Dora Lleber; "Im partial Arbitration."' from William Jennings Eryun, Melvin Dock. BURGOMASTER TONIGHT. This evening the Kerredge theater management will offer Its patrons an other opportunity of seeing the fam ous and popular musical comedy, "The Rurgomaster," with Gus Weinburg. the oiicinator of the role of Pete Stuyvosant, In the part of the old gov A. 0. H. BEATS SOUTH RANGE. Boys in Green Win Yesterday by Score o Five to Nothing. The Hancock Hibernian indoor baseball team were the winners of a match played yesterday afternoon at Germunla hall against a South Range picked team, the score at th end of the game standing five to nothing for the Emeralds. Carney pitched for the locals and distributed sixteen strike outs, while being found for only two hits. Click and Shea divided the time In the pitchers box for the visitors and between them fanned five Hiber nians, and allowed ten hits. The score by innings was as follows; II. Hibernians 0 0 1 1 3 0 0 0 05 South Range 0 00 0 0 0 0 0 0 0 On Friday evening -the Hibernian team will play a match with the Hub bell Eagles indoor :baseball team at Ink Linden. BANKS CLOSED TODAY, American flags were displayed from the staffs on a number of local build ings today in honor of the one hun dred and second anniversary of Lin coln's birth. The banks and broker age offices were closed, but this was practically the only recognition taken of the occasion, except for brief pro grams In sumo of the lower grades of the public schools. The stores all remained open and the regular post office hours were observed. QUARTETTE WILL SING. The Naval Reserve quartette has been engaged to sing at the Savoy theater benefit for the Clerks' union next Friday evening, and will give three selections during the evening. The clerks will be given one-half of the paid admissions as their share of the proceeds of the entertainment. A number of patriotic numbers were sung at the Savoy theater last even ing by Fred S. Dennett, in honor of Lincoln's birthday. TO GIVE CARD PARTY. En- French Naturalization CJ.ub Wi tertain on February 25. A meeting of the Hancock branch of the French Naturalization club was hohl last evening at the Rouleau hall. at which a class was prepared for naturalization. It was decided to give a card party and dance on the evening of February 25th, at the Rouleau hall. for the purpose of affording social en- tertalnaient for the members and their friends. J. .. . HANCOCK BRIEFS. A dauKhter was born recently to Mr. and Mrs. David Movie of pine street. The common council will hold a regular meeting on Wednesday even ing. Miss May Lowney, bookkeeper at O'Neill's has been 111 for several das past. Miss Helen Theobald, of the Grin- nell Btore, will return today from a six weeks visit at her home In St. Louis. The funeral of the late Mrs. So phie Nuiila of West Hancock was held yesterday afternoon, Interment taking place In lakeside cemetery. The boys basketball bam of the Hancock high school went to Palnes dale Saturday evening, going In a sleigh. They were defeated iby the score of 23 to 24. A social party will be given this evening by the Young Ladies' sodality of St. Joseph's church, to the mem bers of the Young Men's Catholic club. It will take place at the parish hall. The regular ninthly meeting of tho Hancock fire department .takes place this evening. It Is expected that the firemen will enjoy their cus tomary lunch at the irssembly after the session. Tomorrow will .be St. Valentine'." day and the 'occasion of several Val entine parties given by local residents. Also it Is the regular scheduled date of the regular monthly meeting of tho school board. On account of Inability to engage Germania hall before Lent, the high school athletic association ha decid ed to postpone the amateur circus un til after Easter, which will give more time for preparation. The expected hockey game between tho Western Wells-Fargo team und the Rankers did not take place yes terday, the latter falling to show up. The express fooyg are wondering if it was a case of "cold feet." On Thursday evening the Congre gational church society will vote on the matter of consolidation with Un church organization, which was pass ed upon favorably by the latter at a meeting held recently. The funeral of the late Charles Tolo nen of Mesnard, who died last Thurs day of pneumonia, was held yester day afternoon from the Finnish Luth eran church, Rev. John Rack officiat ing. Interment was at Lakeside cemetery. EMPEROR WILLIAM'S ILLNESS. The Ladies Auxiliary of tho Ancient Order of Hibernians held a social ses sion last evening at the Hibernian hall. His Indisposition Apparently More Serious Than Officially Indicated Rerlln. Fell. 13. The Indisposition oif Emperor William apparently Is more serious- than has been Indicated In the official announcements, though It Is Insisted no anxiety concerning the autcnmOIP felt.!' "-The first bulle tins described his majesty as suffer ing from a cold, "but with the absence of any fever. Subsequently It was admitted nn attack of feverish Influ enza had ibeen experienced. Today It Is stated the emperor is up after two clays In bed, !nt that he will be con fines? to his chamber until the end of the present week. The court ball set for Wednesday night has been cancelled. L I Ordinary Cathartics and Pills and Harsh Physic Cause Distressing Complaints. You cannot !be over-careful In the wWtinn ' of medicine .for children. Only the very gentlest .bowel medicine should ever bo given, except In emer gency canes, ordlnury pills, cathartics and purgatives are apt to do more harm than good. They cause griping, nausea- and other cMstrossing after-effects that are frequently health-destroying and a life-lasting annoyance. We personally recommend und guarantee .Rexall Orderlies as the saf est and most dependable remedy for constipation and associate ,bowel dis orders. We have such absolute faith In tho virtues of this remedy that we sell it on our guaranteo of money 1ack In every Instance where It falls to give entire satisfaction, and we urgo nil In need of such medicine to try it at our risk. Rexall Orderlie s are eaten like can "y. They are particularly prompt and agreeable In action, may 1e taken nt any t!nv day or night; do not cause diarrhoea, nausea, mining, excessive looseness or other undesirable effects They have a very natural action up on the glands and organs with which they come In contact, act ns a posl tlve and regulative tonic upon the re laxed muscular coat of the ibnwel and Its dry mucous lining; remove Irrl latlon, overcome weakness, tone and Ptrengthen the nerves and muscles. and restore the bowels and nssoeiato organs to more vigorous and healthy activity. Rexall Orderlies completely relieve constitution, except when of a suris leal character. Thev also tend to overcome the necessity of constantly taking laxatives to keep the bowel In normal condition. Two sizes of pnekages, 10 cents and 25 cents. Re member you can obtain Rexall Rem odles In Calumet only nt our store The Rexall Store. Vastblnelcr ' A Read. CURRENT GOSSIP COPPERS By J. A. MINNEAR & COMPANY NEW YORK, FEB 10, 1911. Tho trend of the stock market this week has been in the direction of higher prices and while the business ha. tut been largo the minor recession continue to meet few stocks and the higher level of prices hat been fully maintained. The Copper Producers' statement while showing dim inished production was unfavorable In Its aspect of de liveries, with the main fact that our visible here now amounts to about 142.000.ono pounds as against 9S.100, 000 pounds a year ago. and with a European visible of probably 17,000,000 and an unknown quantity In un counted stocks existing In other than the reporting coutrles. In fact current statistics here in pig Iron and elsewhere fully confirm the trade depression existing, although we observe actual evidence pf improvement in some directions In the steel trade further indicated by nn increase of 43C.000 ton in the unfilled orders of the United States Steel company on January 31st, Rep resenting a gain of over 16 per cent. The Decemiber net returns for the railroads coming along continue mixed In character, the greatest suffer ers being the eastern trunk lines, while the western, southwestern and southern lines show really good gains in many Instances. Still. In all of them, their trans portatlon costs (which Include labor) show heavy in creases. It Is the current -belief the Interstate Commerce Com mission w ill hand down their decision this month. We look for a fair compromise. Thero Is also talk that the pupreme court may act in a few weeks. As to this, we can venture no opinion. , Issuance of railway securities continues apace, and It ii we'll the money market rests easy and the general situation permits their absorption. More are to come and will undoubtedly bo fully cared for. Rasing our Idea on coming betterment of trade con ditions and the markets ability to reflect a more whole some sentiment, we feel there exists opportunities for profitable selections In many direction If not Indis criminately made. Intelligent purchases, we think may safely be made, and our general optimism continues, with nothing In slfrht to modify at this wrltlng.-eMUIer Co. BOSTON, FEB. 10, 1911. The producers' report showed nn adverse condition on figures but the analysis has r,lven considerable hope. If general Mw'ncss had held normal .which It has not. a lotto reduction would have been scored. The figure give us some hope that curtailment will at least bo made effective and far-rewhing In Its result, while th? foreign trade blds fair to be of long proportions for at least the first half of the current year. If there had been any steadiness In the selling situation and a lot of small dealers had been kept out of the way with hys terical offerings tho market would undoubtedly have been stronger and nt a higher level. Sufficiently to say that none of the big Interests have sold metal at the low prices quoted during the past fortnight. Another very Important thing has been the re-en-trunce of the big wire pemple Into the market. The plans of tho telephone people for materisil Is expected to l)o a big factor during 1911, as they have been run ning along from hand to mouth for tho past three to four years and have an immense amount of replacement and new construction under way. At present the brass business Is bad but the outlook Is brighter and they will soon re-enter tho market as (buyers. Taking It all In ull, the situation looks very promising and tho metal situation will doubtless give a good ac count of itself, just a Boon as general 'business widens out which a settlement of the big legal questions con fronting the country will enable It to do. Stocki of metal all through tho' United States arc exceedingly small In the hands of producers, so that any Improvement In the general business sltuutlon would mean a spell of brisk buying. J. H. Cody of Mil ler & Co. MIAMI AND RAY CONSOLIDATED As wo intimated In our letter several weeks ago, 'Mia mi has experienced further delays la gutting its concen trator ready for operations, and March 1st Is now the elate set for the start. The Ray plant Is also practically completed and last advice from the property Indicate that the reduction works will ibe in operation probably before lhe Miami plant. Miami continues to add to Its ore tonnage with the churn drill outfits. The rumor la again In circulation thet Miami, i Inspiration. New Keystone and Live Oak will 'be consolidated. However, cfTcr's to get anything of a nosltive nnt n re nn the subieet Is without avail. A merger as above Indicated would bo quite logical. ATLANTIC Atlantic directors are said to be once more giving consideration to tho question of reopening the old mine and abandoning all work on the Section 16 property. In the. event that this Is clone an apsessment of $2 per share will likely bo called. CONSOLIDATION IN UTAH We i.re given to understand that the consolidation of bevc ral pi o ci ties in the Little Cottonw ood district, of Utah, will be brought about very soon. The properties mentioned in the deal are South !olum4us, Alta & Hc la. Continental, City Rock, and several others. Options on the properties have ull been obtained, and it is reported that the bulk ef the money required to further the deal has already been arranged fT. Hol land lute rests will be connected with the merger. If tho deal goes throuKh as originally Intruded it will mean the' resumption of vigorous development work In the Utile Cottonwood district. A long tunnel draining the entire district will be driven, a new tram built and a lurger mill installed. The plans now considered will involve the expenditure of dose to $1,000,000. The for eign interests havo had competent expert go over the entire situation, and tho reports given have been uni formly favorable. GIROUX The annual stockholders' mee ting of the Olroux Con solidated Mines company, was held this week, and on the whole the annual report submitted was considered a very creditable one. Contrary to general expectations however, the stock nfte-r selling above $S.OO just before the meeting was he-Id, re-acted to JG.2J. The selling Is attributed to owners of Giroux convertible bonds, who finding the conversion attractive, sold stock against their bond holdings. The annual report prepared indicates that the Giroux has blocked out by churn drilling ft.GJO.000 tons of ore, averaging 1.26 per cent copper, together with consider able values In gold and silver. In addition, the com pany bus develops a considerable amount of direct shipping ore, although no estimate Is made of the quantity of this class of ore. Tho financial statement shows an available cash bal ance of $444,726 in addition to which Rutte & Ely, a subsidiary of Giroux, has $242,037. In the report to stockholders, Thos. F. Cole, president of the company says In part: , "We are still directing our efforts towards reaching and opening up through the Gircux shaft the high grade ore bodies cut by the old Alpha shaft on the 1.0O0 foot and 1.200-foot levels. "We have also continued sinking he Giroux shaft to the J, 400-foot level, so that a crosscut can be made from this level to the Alpha territory. Tho crosscut on the 1, 200-foot level was started Sept. 16, 1910, and we expect to complete same about March 1, 1911. "The company still has a very large territory unex plored, on which the prospects for showing up addi tional eire tonnages of contact ore ibodles along a mile or more of our land, and which should be of the same character of those ef Alpha shaft territory. The churn drilling has demonstrated that in a very large portion of the territory west and south metal values have been leuched out and re-deposlted at depth. To reach these ores, as well as the Alpha mine ores, the Giroux shaft was sunk In the limestone and equipped with modern pumping, hoisting and other muchlncry so as to give us a permanent outlet. Development work from this shaft, now that pumps to handle the water are installed, wiil be vigorously prosecuted. "The porphyry ore developed has shown richer cop per contents nearer the surface which will be the first concentrating ores mined nnd treated, and will be of a grade considerably higher than average shown in the estimate-, therefore, for several years after work on that portion of the property Is commenced the ore extracted will average 2 per cent or ibetter In copper. Th lower grade- material can be taken out In future years as tho price for copper metal advances. It Is proposed to do copslderablo additional development work on the lands just north of the Rutte & Ely property, and we are hopeful thsit this will disclose additional ore of higher values. "The estimate of tonnage actually developed does not include any estimate of tonnage of the high grade, di rect smelting ores known to exist in the Alpha terri tory. The drilling and drifting, heretofore, done at that point are not Sufficient to enable us at this time to make any estimate of definite tonnage in that territory, but such work gives every Indication of a very largi ton nage of high-grade ores. From now on, development work he re will bo carried on extensively, with a view of showing the extent, tonnage and value of these ores as doon as possible. it is expected that Giroux will be producing high grade smiltlng ore within the next three or tfour months, and we are now negotiating with tho railways for reasonable rates on the ore to smelters to apply until such time as the smelting proio?ltlon Is fully solved to the best interests of the company." QUINCY Directors of the Qulncy Mining company this week declared tho regular quarterly dividend of $1.00 a share, payable March 20th to stockholders of record February 2."th. The dividend Is the same as declared three months ago, against $1.50 a year ago. With the pay ment of the dividend just declared, islnce its organiza tion Qulncy will have distributed to shareholders, a to tal of Sl9..rr0,000. There is likely to be no change in dividend disbursements by Qulncy until sqch time as the metal market shows greater strength. Tho com pany is cibllgatod to jay $600,000 to the St. "Mary's Min eral Land company for property purchased a few months ngo. DAVIS DALY Further efforts are being made to oust President F. A. Helnne from Davis Daly. This week a large number of eastern stockholders met In Roston and appointed a committee to take the necessary steps to seek an ac counting of the company's funds, and alo to protest ugalnst the Investment of monies In properties else where than the Rutte camp. It appears that President Ilclnze has taken a bond on a gold property in the Torcupine District, and has already paid $25,000 on this. In addition, a considerable sum was expended in pros pecting In Alawka. Shareholders insist that In as much an the call of $1.00 a share made last June was paid with the understanding that It was to be used on the Davis Oaly property In tho Rutte camp, the diversion of any portion of this money for other .purposes Is without the power of President llelnxe. " At the meeting held this week. President llelnxe was represented nnd authorized a statement that he wss willing to permit three Roston people to serve on tho board, giving them control. However, this offer was not considered. Future developments will toe awaited with much Interest. WARREN Stock of Warren Realty and Development company was quite actlvo this week, and transactions were the first mad In months. The revival of Interest in the ls Fue Is due to the report circulated that the company propound to rwuinf milling operations, although no con firmation of thU report wus obtainable. . Warr-n owns bout 1,800 acres In the Rlstiee cump, valuable chiefly for its surface rights. It aUo owns the Warren towpelte und the street railway line. It took over the? old Calumet & Cochise property, on which Its ahaft had been sunk over S00 feet. From the bottom of this shuft, considerable diamond drill work was done, although results were of u rather Indifferent nature. AMERICAN SAGINAW Another Risbce company, which may shortly resume operations, is the American Saginaw. It owns a track cf almost 300 acres. lying east of the Junction property of Super'or it PittKburg. A shuft almost 1,000 feet was sunk on the property when operations were cllsontlnu uc!. Th company has about $ti0,0i0 in Its treasury and with the favorable developments recently reported that tiic Junction property, there is reason to believe that the American Saginaw may yet prove to be a valuable property. The compuny bus 100.000 shares outstanding of a par value of $10.00, on which $6.00 a share has bee n paid in. I ; . J J WINONA The Wlnona-KIng Philip stamp mill has the first head now completed, und It Is quite likely that within another wee k or two the first roe k from the Winona mine will be treated there. The mill is thoroughly modern In every respect, and the management has great confi dence that it will show very satisfactory results. Wi nona will start shipments at the rate of about COO tons per day, and expects to be able to nc-t at least fifteen pounds of copper to the ton of rock stamped. SANTA ROSALIA The option on the block of stock, which was formerly In tho name of n. K. Clancy, hasi been allowed to lapse, and though the Interests which obtained this option are said to have other plans in view which will probably work out successfully In due course of time, infinite pa tience has been necessary by those who hold the stock at high prices. The cid directors of tho company have been up against complications which seldom arise In the man agement of any mining company. They are criticised for never having made a report to ehareholders, but held that a report worthy of any consideration w hatever was Impossible under the existing circumstances. How tver, attempts are now being made to clean up difficul ties which have arisen, which include claims against the company for labor, supplies, etc. It Is hoped to have these adjusted "before another month will have passed. There Is some talk of a reorganization and mak ing the stock assessable. If this is done, necessary funds for the resumption of operations could be easily obtained, and appears to be the most feasible plan yet advanced for placing the comjany on Its feet once more. oj ib way no. 1 shaft of the Ojibway at the l.ilOO level has dis closed the Kearsargo vein, nineteen feet wide carrying commercial copper for the entire width. The vein shows up thirty-two feet wide In the crosscut, but at right angles to the formation, it is nineteen feet. The development at this point are considered to bo the most, promising so far disclosed at the property. Drifting has already ibeen started, on the vein south toward No. 2 shaft. The formation at the 1,500 level appears to be much more settled and the management anticipates no further difficulties from the Irregular conditions which existed ?n fome of the upper levels. Ten drills are now being ued at the property, and as depth Is attained the number w ill 1e increased. It is unde rstood that plans for a mill run are now be ing considered, and production temporarily at least will begin early in the spring. WARRIOR DEVELOPMENT COMPA.NY The first annual re-port of the Warrior Development company has been Issued, and discloses the fact that the company had a balance on hand January 1st amounting to $30,128. Payments to be made on the property dur ing the present year amount to $15,440. During 1912, a like amount will be due. On or before January 1, 1913. the payment of $1,120,000 will be due, but a portion of this can be paid In bonds, convertible at par. The company was organized in October, 1909. Since that time shipments of ore have been made, averaging ninety tons ix day. From these shipments, the com psiny obtalnel $2S.',776. The copper produced since the Warrior Development took bold of the property, cost 89i cents and was sold at an average of 2 cents a pound, showing a good margin of profit. (Mining Is now cting carried on at, the Warrior property between the 200 and. 300 levels. A large body of high grade ore, as saying between eight and twenty-five per cent copper has been developed between these two points. In addition to the large tonnage of high grade ore opened up ut the property, the company has done con Blderat'le churn drilling. Tho holes put down so far, however, gave rather Indifferent results. In order to con serve Its finances, drilling wsw discontinued, and will only be resumed when earnings are sufficient to mike such exploratory work practicable. A new smelting contract has been made, whereby the company wiil ship approximately 123 tons of ere dally, and In doing so will obtain much lower smelting charges. CALUMET & HECLA One of the largest shareholders of Ahmeek Issued a statement yesterday, advising holders of Ahmeek to re frain from voting in favor of the consolidation. Ills statement comments In detail on the terms of the mer ger, and Intimates that Ahmeek holders would be do ing themselves an Injustice In accepting the terms of fered them. It adds that the life of Calumet is of com paratively short duration, while Ahmeek Is a mine yet in Its Infancy, nnd with Its low capitalization and Its remarkable developments to date, could show great earning capacity in the very near future. Calumet A Hecla owns 24.796 thares of . Ahmeek stock, in addition, the directors of Calumet A Hexia Individually own blec4ca of Ahmeek stock, so that It ap pears us though the necessary three-fifths of the out standing capitalization will approve of the terms at the special meeting to be held March 7th. The Osceola stockholders of the Lake Superior dis trict who are opposing the consolidation maintain that they nre adding almost dally to the number of proxies they have. It Is claimed that they now hold proxies for very close to 20.000 shares of Osceola stock. Centennial stockholders have as yet taken no active steps ti oppose the merger. Isle Royale shareholders have likewise taken no unit ed action nd will probably await the next move bf Calumet & Ilecla directors.