Show uncle sam will pay the annual meeting of the sh ire holders of the unile uncle barn sam macii company was held at salt lake on monday and the old blaid of direct oi 01 s vi ith one exception v m as reelect re elect ed tho the board now includes john bern dern M I 1 broffett Lr affett F U D kimball george havercamp HaNer camp and J C dick the latter g it 11 e place of james chipman 11 ahe he compary began its past fiscal on june 1 1910 with 12 37 7 cash on hand ar ct d it closed the 3 ear with 2 27 on hand land itter after paying 70 goo in dividend dividends daring during thib this period these facts were le ie leased at the aniu annu an iu ili il neeti ig the company sent tons of ore to the macket dai deung ing the year i ecea vir g net for same 90 oi 20 ba per ton the total for the year were 60 the disbursements were more 82 38 for general expenses and 0 for dividends the net profit to fo the ws 58 the declared the regular quarterly dividend of va a or 6 cents pei shaie at the meeting I 1 ia v as held imme immediately diatel after the in nual stockholders meeting I 1 this dl di videna is payable on the to all shareholders of lecoin on the superintendent C 0 fuggs was present at the meeting on monday and submitted a very complete i levoit el ot t of the yeal s voik olk this i leport she shows s the mine to be in excellent condition tune time and the given above tell with except exceptional ic nal force of the splendid accord for the past year A few paragraphs aiom continued on oil paged news of the mines uncle sam wil will pay continued from page I 1 supt bupt fuggs are given below the past year has been an event ful epoch at this time last year we had wolken the ore bodies down to tl ti e beck beek tunnel s de line with every prospect pio of being without ore in our own territory to follow the ore in to the beck beek tunnel ground meant a lawsuit ahead and althof gh we might eventually have established our own enship of the ore yet this could not have been accomplished without in operations and heavy e ex x pense the situation there therefore foie was dubious and the future did not look bi ight just at the critical time however an important new de den elopement elop ment chan ged the aspect of things entirely R at the point joint where the mine seemed to lose its oie we developed a new break running crossways from any of the old channels worked be fore back across the mine into new tern teril tory contrary to all the ceolo gial formation heretofore exposed in this side hill we established new ore bodies in territory away from any old workings in the mine and these new oie bodies in size and richness compare favorably with the shoots IF that had made the mine s previous history the best part of it all was the ore channels lined up in a direction that gae gan e the maximum distance pos sible to obtain in the property on the strike of the ore in addition to this we have but lecent ly opened up a new channel of ole 01 e next to the beck beek tunnel line irie still south of the ore worked the 3 ear past and this bids fair to open into a ery cry channel of ore running parallel to the main one if this proves to be the case u as it now has eveir avei evidence of doing and con finues on the strike indicated at the present time the uncle sam will have a long period of productiveness in sight |