Salt Lake Herald-Republican | 1910-07-12 | Page 9 | Opex Directors Delay Assessing

DIRECTORS I DELAY ASSESSING Action Is Taken to Mean That I Time of Opening Ore Is Near I The Tho meeting of directors of ot the Mining company com pan which was to have been teen held beld yesterday In Provo Prove when he tho meetings s of directorates of other othor Knight companies were held hold was ad j for two weeks we Tho The reason given for that action acton was aS lack of quorum but it I Is believed belev that tho the rea rca reason son on there ther was wa lack of quorum Is La that that the he management confidently expects within the tho two weeks to make an ore demonstration which shall hal render un unnecessary unnecessary necessary the levying of another a as The public expected the company to leV levy an assessment yesterday and It had become particularly evident that I such action acton would be necessary neel since occurred the accident In the mine by b I which two men lon lost host their lives It I IB is II believed belled accordingly that the levying of ot the assessment A would not have boon been delayed clayed two weeks had not the man management mAna management a ement been pretty confident that the tie company com pan would bo be In a position to carry car Its Is indebtedness without an as assessment a It I was this Interpretation of the tho action acton which caused tho the stock of tho the company to advance yesterday The company several weeks ago ag ac no according according cording to apparently authentic re report r report port demonstrated with wih churn drills dris that the Centennial Eureka ore chan channel channel nel net enters enter ground Since that time Imo drifts have been beon run rn for the ore oreon oreon oreon on three levels Work was discon discontinued discontinued in two of the drifts when they tiley had iad arrived at nt the same lame relative position pod tion with Ith reference to the oro ore body ton and work was WM being centered In the third thir drift evidently with Ith the tho intent Intention tion ton of pushing It I to the tho same relative position as n the two other drifts when the he ore oro body could bo be opened op ne In the tho places at the same ame time That the time when such demonstration tion Is to be made is IB close at hand and II Is IA ton believed to have been bean the reason for adjourning yesterdays s meeting