| Show TE ORAS NEW BOARD D H II Peery jeery Peer Jr Jl Named as Manager ManagerI I LEVIED AN ili ASSESSMENT t WILL WILD TO o OY OP FIVE Assessment Ass of Three Cents Decided Upon Martha Washington ton Stock Stockholders holders holdens Hold Annual Masting M Affairs of the tile Star Str Company Compan Big Dig Receipts of Cyanides The annual stockholders meeting of the th Tesora Te ora Mining company was held yesterday afternoon when whee the manage management ment of the mine passed into new con control trl The officers and directors of the will be beGeorge company tor lor the coming year CeOrge George Sutherland president C K vice iN president D H PeerY end nd treasurer Jr r manager m r secretary s with J H Stallings and John T Hod Hodas directors Former f n JO as th other his report cr tary Hodson submitted in irs which he stated stat d that during the had been past Mst twelve months expended in exploratory work and im isa improvements and at the preset present t time the mine has an indebtedness against a ain it of After the organIzation organisation of the new newl l 1 ard a rd yesterday the members met and to levy an assessment a of 2 s nt a share or which is is pay paYI I hI bl immediately ly and becomes delin delinquent quent on Feb 16 The amount will ilar tir up UI all the debts against the com coin 1 leaving a healthy surplus to pro proS 11 S il I along with development work Manager Peery stated last evening that it is the intention of the new n w board of ef directors to push the work of sink sinkIn In jug the shaft from the to the 50 tel level as aR fast as possible It will wilt be an expensive piece of work to do so on of the large quantity of water tc t i contend with but the mine is now ed with the pumping facilities to keep the underground workings clear Nr Ir Peery as well as the other directors direct tors t t Th foi is satisfied that thai the Tesora T ora will make nalce a big ble producer and it is proposed ed edtl to tl demonstrate that fact tact by going to the he deep Some telling work is prom promised sed before b lore the next annual meeting TINTIC MINIS Operations at th the SLiver SIlver Park Showers Pump Arrives Special Correspondence Si Silver Iver iIer City Jan 16 Superintendent of the Silver Park is at work tutting lutting the station on the 3 W level pre pro preparatory to drifting north on the vein Work is still gull being carried on in to the vinze on the where whore a small seam of If smelting melting ore continues with th the work and a large body of mill ore is 18 did ed Mr Towle said that possibly two cars ears of smelting ore could be ex en extracted extracted from what is in sight but that the ground is heavy and would involve an unwarranted expense of labor His Ito le are not nt anxious about so 90 small an item Mr Towle informed the writer riter that in company with Ed Loose Loo and nd his brother Warren of Bodi Cal Cm Cala a thorough miner some seine four or 01 live five hours was spent in studying the condi conditions conditions conditions of the Park last night the party remaining underground until after 11 lock Warren Loose expressed ed very sanguine sentiments regarding the ulti ultimate ultimate mate male outcome of the Park advancing the opinion however that much greater r depth would have to be at attained attained tamed before what he calls calla a mine woul i be made Mr Towle said MId that a matter iatter of or additional dont seem lem to worry or alarm his folks all of If whom are mining men mea menThe meaThe manThe The pump for the Showers Consoli Consolidated dated has arrived been lowered and 4 are being made for Immer imme I immediate diate operations Superintendent Dan Daft Brighton said that by Sunday they thy would wo ld commence to lift water Speak Speaking Speaking ing of the outlook for the Showers Mr Brighton righton said We have shipped five live cars ars of very ery nice ore from train the level where ere the vein vin is not in i the most t com corn compact compact pact form fOnD and we naturally expect much better conditions on the I Iam Iam Inra am confident that we will be able to demonstrate that we have a valuable property at any rate though of course we know that It will be 1 necessary nece sary to togo togo togo go below for fine ground und CARRIED U TJ S g STOCK Why Boston Doston Brokers Ware Were Forced to Special to The Herald Boston Jan 16 It was announced late ate yesterday ye that the Boston stock mock exchange of H C Wainwright Co 0 had assigned The immediate cause of lr the assignment was the large block blockI I f United States Mining company stock which this firm has bas ha been carrying for account of Clark and Coolidge v stock understood to amount to toj about hout j 20 shares waa was only margined mar ned down to t 0 per share The best opinion ion fl of those e who have bave followed mat urs tra very closely during the pUt past few tH o ks is to the effect that the assign assignment ThrilL ment 11 t of ct f this firm will not extend fur tor i her find and it is not believed that any of f tilt the ther other houses Interested ill Id United Stats States tats Mining will be forced to assign r the benefit of creditors It is re reT reT Too T d that a good portion of or the Unit I 1 States stock held beld by the firm was waa with the pooling committee I ri r to the assignment a United States a quoted on Im the street at 98 18 to 11 v i in ri no sales reported RICK BICH ORE OBE UT IN BRISTOL Property Under Und Band Bod to Samuel Newhouse Looking Pine Private advices which reached this lids city yesterday are to the effect that the property bonded by A By Byee nee hee ee and others othera to Samuel N Nand and located in the Bristol district dJ south of Nev e is coming coining to the tile front under the m i i ement of E E F P Freu d The writer say that tbt ore car CM carrying I l o ounces silver silv and 12 per cent ceat I copper has bas been found in plenty and andas andas andas as an evidence that It Is a good thing the statement is made that the devel development development d vel work performed last year not DOt only paid its way but yielded a profit of BIG DIG CYANIDE CY RECEIPTS One Oft Thousand Pounds Landed at the Refinery Yesterday Ye Yesterday was a busy one at die ate gold SOld sampling rooms of the Consolidated Con Kansas Kan City Smelting Refining com company company company pany three shippers unloading con consignments of rich cyanides The Lucky Boy which is now one ODe of or the regular reported with the Sacramento company dropped 70 and the Chinaman company unloaded pounds The value of the days re receipts receipts is conservatively con placed at 25 RAD ED A LIVELY TOOL TIME Stockholders of Star Company In Indulge Indulge duge in Personalities Those e Thc e wise who attended the th special stock meeting yesterday ye of or yr the Star Gold GoW ing ng company whose property ja js in Pine canyon in the West Mountain di saw some Mme exciting sceneS scene during its ita progress and for fr a time it w tS thought t bt there then would l be a aN N general genen ra ng out rhe late manage nage management mont Bleat and the board of directors were threatened dire de deter er by hr some gome of the tibe dissatisfied shareholder who were we of the opinion and a that uIt the property hM ha not only emir beet been greatly p but bItt the Hie returns reir from the cyanide shipments hia nad not net bees been prop properly erly erl applied The rite Tb netting from 10 IQ o k in In the forenoon t foge until 3 o oc in the at af t tt towards tOWi ip dose dINe cooler counsel prevailed when Daro em D of the Mercur COID fL er m in in th Star SIu suggested tint that fee the con of lLe be b over oyer to In Ina toa a committee o ww te stockholders for forthe forthe forthe the present Pre sa nd tint deet the thit Ui direct man maD management of ot Q 0 e nine shoal 14 be placed pI in the lIMe cere e ot of e a competent eoe man man who hen has had p ity of enoe The au se n Made by Mr Dern Ieru wax was acted KleeS on OIL favorably and a II committee of C c H Plug Plant Everett and Sua on waa wu appointed and they wl work in conjunction conjUnct with the Ute board of o diree directors tors to bring brina around a setter use condition of ot affairs John ohn was w to take he be berr There rr has halt been leen en tJ a expressed among m Star Sear snare share shareholder holders holder for some sane time ehne put past They The have expected a dividend before now OW The n cyaniding mill mIU was waa reported to So be working successfully F But ut not act withstanding diac all nfl the good reora oh cI ex u to what was wu going on on the only dividend the shareholders have been beeB treated to was those thosa t having the tha word lush Irish prefixed to them Some went wont Into hito yesterdays yater ay meeting prepared to protest against the Ute tote 1st Scent ae as bat hut when K tt was WM found that the property is hi in debt about those e vho aho ao were ready to h ex en expressed pressed a willingness to let the at a am e 3 ment nt stand provi h g it was cut into 1110 two parts parta so 80 in k was arranged for fl the 11 payment of half or 1 cents by the 29 last t and the balance sixty days later tater Work is to be resumed at the mine mf mb t tat at once and it is bJ believed that Mr will be able to considerably more flaws than tb pay operating expenses S Steps will witt likely be taken in the near future to arrange for tw doubling the ca capacity of the t mill which would greatly increase e UTAH CON Interesting For the Information it Does Do Not Give Glye Commencing on the late report Issued by the directors of at the Utah Consoli dated t ed Mining company the Boston News Bure of loot Last Saturday says laYS it tt t ia is remarkable foe t the which h it does II not give No figures are arele le presented ted to show what was waa received ten the copper t hl sM aid silver ilver prod products products I separately or g the cost rost st of mining and Km the Phe be copper which Is ts be major product Tb arrive at approximate cost coot figures it 10 I 1 probably nafe Bae to estimate the oem com company pany received ved en on an average 16 Ii coots es e pet per pound for its U refined cop f At this thIa price the tAe output of ot aOliS pounds of copper would yield The re ro report re port state stab that bat was received the sate sale of copper capper silver stiver and gold Therefore There f eo the e gold MId and id sliver silver values obtained ed were approximately which wb ch IB la equal to 3 Sk cents a pound on the tJ copper output Total expenses as given Iven In to the re report report report port were or in i cents a pouted pound poundon on 3 1 pounds pound of e copper coppes Deduct Deducting D tag ing the goM old and silver of 3 cents a pound we nave VIe e a a net cost coat for fI the copper of J 6 S cents centa a pound This TI includes commissions etc and aDd andon andon on OIl a l cent market leaves e corn com company pany a net profit of 10 18 recta cents a pound The report states state that white while the em was waa put In O In the fine last hast of or May regular running did not commence until July 1 Assuming that 80 net Bet profits practically five the and ad on t months run of the smelter tha lbs net act receipts per pe annum annual on the present nt copper market and pres pros present present ent smelter capacity which is to be doubled d would be OeO or per pee hare on the share t capital An is 18 the one made that tt tt there theN ere ate a re in eight in the tons tone of sulphide ore and that the capacity can caD be dou don doubled bled bloo for n THE ARTRA WASHINGTON W New Hew Board Doard of Directors Director Elected Sleeted By Dy Stockholders Yesterday Ye The annual stockholders cl st meeting me ting of ot the Martha Washington Mining Miffing com corn company company pany was he d yesterday r afternoon and anda a row new beard board of directors was wa elected who organized as no follows tono William Winiam H d president pr aldert nt L 14 E B Riter vice I leot K and nd treasurer t U who with J A Helm Heles M McCooey Oey roust consecrates the fun full botH board bo rd Frank D Jr was re te secretary Prel President dent Ms his an annual mial nual report showing that economy had been exercised in the expenditure ure of the ie company fond during daring she Che past year and wherever it was wu applied in the per performance of ci development t work ork good results have bave been shown The report was entirety entirely satisfactory at to the stock stockholders holders hedera hC dera present nt and It H was Wt o or ered spread on the record by a t i vote Vt te The late a me nent t has haa been pane practically all an the corn com company pany ny in good shape t tO co explorations explorations rations with new ne vigor VOr ia 1 hopes bo S of or opening up an important contributor to the local market TO THE TB William the NOW New Super Superintendent Begins His Us Duties William McQueen who Ira been beene se so as a of 0 the Buto Esto i took OD Enic in inthe the nia ala mine last latt I t nights night train tot fur f r 3 aud aad will wil wl 1 proceed froni m there this th ng to In enter erter upon his now new w duties Mr McQueen Visited tile the mine severn careful to maw melee ke a 8 athe a weeks ago afa He lie was thorough ln of It while bUe the lere with witha which d in 18 his bis away high opinion of the merlin of a the very property He Is Ii co confident Adent ut t by bythe bYthe y the time the too young youns you hon 5 haS been of for period under hl his care a make days tt k will be in c to big bip shipping record Mr II MCUen ex en tile the In stream of 01 m to keep a poets peets to market continuously ty so 80 long as 1 tee Ie is not by b 14 d r ad r re Is lot Jot of ore Th e first full rull the at ted It w s Sd load loaded works tomorrow w wed ed d yesterday afternoon WILLARD HILL Don Den HaBit aDd Form Eldorado Company sped Orr ogden blen Jan JaiL of im of the EldoradO Gold tin t n hIed the thet company were Miling The Inco rk I a t 41 11 1 y C San SaD FranCis Franc liKO Eli T art an John Lagan and JosePh C W J Wed I Lake ke ThOmOS Thome Mont M nt iv In on n Ma Maguire aud aM A Agatha J 3 l stock of The O orien n divided Into t thi 1 corporation is of 1 each value shares hares of f the par 3 Uie I as astr LoO K 0 shares of f ch is set is s i tr k John Logan J vice Ice Ct pre pt deot d 4 DOn secretary and tr These also SO e constitute the thebo board I of t directors The property p coh te l of If the Eldorado Creole Create Brian Born Robert Bruce San Salvador Sierra re and Western Bonanza ml mining hll situated in the Ute Willard mining district dl Box Elder der county Utah The Principal place pace of business i Ia at t Og den T RiI Jesse Knight Has Great Confidence In Its Future Jesse Knight of at the Uncle Sam Sun and Humbug and other mines was 8 in the city yesterday ye ter ay to snake make settlements lora for lor fora ba a consignment of ore at the samplers Air Mr Knight says pa 18 work is 1 being be puShed S at the n and anda a ft good snowing showing of ore e has put in an appearance Nearly a a carload d of the theore ore uce has been extracted recently and made ready y for foe Shipment Mr Knight has never lost t confidence ence in the merits of ot o the tile and he is confident the it w will H make snake a big pro producer producer ducer decor af t r u it little more re exploratory work United States Affairs The Boston News Nowa Bureau BUre speaking of or the United States mining situation says Now that the majority control Is 19 In Inthe Inthe the tho hassle hands of Mee ra Jackson JUk on Parkin Parkinson Parkinson son sen and aAd Webster Web ter a a plan to tn raise money and aDd continue operation of or the property mu must t be devised and nd presented to the The committee is conS confident dent that money can and will be raised to provide for the construction coo of or a a smelter and the further opening op of the |
