LOWER New Board of ot Directors Meets for Or 11 lon Today At tho the annual ot of shareholders ers ets of ot the tho Lower LIVer Mammoth Mining company eis yesterday Y afternoon A C CEllis CEllis Ellis J 1 J S Stewart John Johl Dora Dorn W V S Bis MP U n Q G Wit Wil Williams WI Withams hams liams and EC E C Coffin were score elected el dl di directors rectors and aro are C scheduled to meet this afternoon for tor Superintendent Brown made mado on an a inter interesting interesting esting report re ort to stockholders of the tho years yearl doings in 18 which he stated elated that twice the tonnage Is now available In lu Inthe the tho property as was extracted and mitT mar marketed mILl during 1907 During this thia your your tho tha company sold worth w rth of ot rock paying tho sum sum ot of dividends He le also showed that tho driving of ot tho the main shaft ahan from the 1200 to the tho th levels was an na economical necessity as l a tho the company compan is li now operating at depths through an auxiliary winzo which Is more 01 ox al than a n main working shaft would be President Ellis explained to the stockholders the plan advised by b the tM directors torson on Saturday by b which U It UIs I ItIs Is la proposed to Increase tho the capitalization tion of tho the company from to shares and the tile Issuance ot of f 6 oooo worth of convertible bonds at aL aLvar par var February the tho was selected as al althe the dato date on which the Uie stockholders are areto areto to meet and pass on this proposition