Show T M M f b bL AND L Vt T TI President of Big I Park City Com Company Compan pany pan Will ViII Not Attend Directors Directors tors Meeting Next Weck LEFT FOR NEW YORK TODAY lie He Says Sa There Therel Is no Need for larm arm Among Stockholders of Recent Decline On n account of ot the overland train be being beIns belag lag Ins w so Into late that It would be Impossible to tu ninko eastern connections nl nt Chica Chicago go J K B cr nail wife who were called d to 10 New Nc fork lork lark from Los Loll Ans Angeles Angell l i ion on out account of Jio Illness hines of ot their ton son conic came down Horn OJen last evening and remained over oer until this afternoon when thys continued continual 11 thIr journey journe To n a News Mr Ir r declared d he lie tiu th liiK IlIg about what hat action Is l likely to bo be betaken taken by b the tho directors of ot the Mining t I their next week to cutting down of ut the th dividend I 1 have not nol communicated with or talked with any of the members of oC tin the board Lourd continued Ment on out the subject ex ox Mr Ir McCornick who as a It In is well understood opposed to till the Iii raising of the tho dividend to 65 6 cents last September 1 am positive of or one ouo thing that there In Is l nothing In th Ihl the physical condition of oC the tube mine to justify any uneasiness on the tho part of or stockholders Hut But the shares have hao been d and anti I dont dunt know whether they lucy will bo be knocked down more mure or not noth Mr Mv h will not be he present at nt the tho coming coating board meeting but hut the th balance of or the in to tubers will be beIt beIt beit It being the Intention of oC Vice J D I Wood and Directors AV W V H IL Dick Volt foil Thompson who are In itt California to return to attend It Asked concerning the negotiations said eald to be Ioe pending tor for tho purchase of ot the and und Silver Sliver Kl Ii IK ug mines mine by lIy the tho Federal Lead syndicate tl Mr M Ir r reply wits una rather of an tin evasive nature White While hiIe he hu did not hot deny lIen that t Im hI hud had met of the Federal com cent pliny IllIn In his hU travels very ery recently he that the negotiations have hae not the tho static Sla o ho he can cnn talk I 1 ci nt say Bay he tie continued that there thero ore ole tiny negotiations on out When re reminded minded d of at the recent meeting with Mr Mv y tle tho denil ho holiny hohn liny hn Kit I II seeking to get control of at tho the Park Furk CitY Lit r went vent on onto to say lay that Mr Sweeney un undoubtedly has h the tho financial b baking king to buy huy both bolh propertied anti and others just tin as Mg big Mr Ir Inferred that tho time and atud probably the Siler Ring Kins could be purchased provided the price was WIS right The properties of ot the tho Suit Stilt Lake Oil company near Los Angeles look very I encouraging to Mr and as ns While the tho wells have hate not be he begun begun gun to pay dividends as ts yet the time out outlook outlook look loek Is II splendid About LOSS barrels banelli of ot tho ibid Is 18 being and market marketed ed dally daily but this thin amount will shortly bo bl materially Increased Tho rho company In IK it spending considerable con money mone In making additional pre pro preparatory to 0 Increasing the output A ripe pipe lino I is being built bulit to tho the nearest point on th the Southern railway this completed the time cost of trans transportation will be reduced nt cit least DO 60 DOper 61 per ner cent Mr r was wan Inore ted to know what hail had In the tho local fields t hIli during his absence was to learn that the outlook for Cor hl hi gushers gl at home Is po so lim There IH is nr no doubt that the tho oil Industry has lillO Ix Lo s Angeles what It hI Is III today tOlaY paid he and It will help Snit Halt Lake Inko In the Iho same way WI If It the tho ef cf effort fort now being made auntie proves success successful till ful Mr Ir expects to 10 return In about two or three weeks |