Salt Lake Herald-Republican | 1909-02-04 | Page 6 | Cole-Ryan Crowd in the Saddle

L I CROWD h IN THE SADDLE t Heavyweights Take Over Con Control Control trot of Giroux Con and Is Issue Issue r sue New Bonds loBock i Tile The following me mege age over or the private wires from New York Yerk yesterday i I tells of the passing of the control of the theL Consolidated company to o the tiro Cole L Ryan crowd and th the authorization of a anew aIt alJ lJ It pew new bond Issue hsue At the same amo time tint w word rd comes from Ely that tb the syndicates auditor H II B Paull u La Is on the way to camp for the purpose of checking 1 up on the property holdings and all other assets ets no eo that the new man management will bf b enabled to start things t the decks decka cleared for th the Campaign of development mill construe construction il 4 tion smelter building etc which to le under understood understood J stood to be b on the tapis A great deal of Bait Lake LakA capital Is invested invest in Ely Bly and r the doings of the new crowd are arc being fol followed followed followed lowed here lere with the keenest interest The account of the meeting follows j Actual transfer of the control of or the Giroux Consolidated company was formally at the annual meet meetIng meetIng meetIng Ing with the tho th election of four new directors including Thomas F P Cole The meeting i was largely attended among the stock stockholders holders being Stillman P K 1 lly lIy of Bos floe Boston 1 ton who with Director Piper was Wall large largely ly 1 Instrumental In bringing nJ about the transfer of ot the property to the Interests n In his annual report President Giroux c tarries carries development from the inception of or ofHie I Ute the company compan down dov to the present He lIe also i states that the offer made for tor the Nevada property was but It was refused on opposition from stockholders and some 4 directors M SI U IT Thompson for the CopI Cop Copper Copper r per Mines company made this offer of fer I V A balance sheet brought up to Feb J eb 1 I 1303 covering thirteen months showed from ore O salea from bond bondt s sales property accounts t V development account S capital capitali charges Cash In bank is 18 while i was due from the sale of bonds The proposition to authorize an Issue of at second mortgage 6 per percent perI U I cent bonds was decided at the special P meeting of directors which followed the thern annual rn