Salt Lake Telegram | 1902-04-15 | Page 6 | Ben Butler Election

BEN BUTLER ELECTION ii The annual meeting of stockholders ders of the Ben Butler Dutler yesterday resulted in inthe the continuation of the old board of directors who are C. C L. L r x R od d A. A L. L Jacobs L. L U. U Colbath J. J W. W Lan ley 1 J. J Friedman A. A P. P Mayberry and jK JE D. D R. R Thompson Of the capital cap cap- ital stock over shares were rep rep- resented Manager Manag-cr Jacobs submitted a concise report showing receipts for forthe the year of I. I all alJ of which was from ore sales except realized on assess assess- U lent The disbursements aggregated which included il an overdraft l Jbf I f a payment on the Leona purchase of cf principal and in- in 1 erest for labor and numerous permanent and substantial improve improve- with a balance in the treasury t f The debt of the company Is IS measured by yet due on the Leona purchase The report of the physical condition shows 2033 tons of first class ore and an 1984 tons of ot second class ore produced which netted the company an average of 1823 and US a ton respectively The work accomplished includes 66 feet In t the e main drift feet of crosscuts cross cuts and drifts aggregating feet The debt is thus reduced to less than and the expenSES s henceforth will be greatly reduced