Show DAISY DASY STOCKHOLDERS MEET M The Total Tota Indebtedness is The Te special secial meeting of the stock h of the Dal aU y G Geld ld Mining corn com company con pany was wa called cale to order yesterday afternoon with wih a large representation of oC the stock stok present pre ent Secretary J A Earls Eals vv ea ej u made chairman of the the meet meetIng lag Ing In and A W Gallagher Galagher secretary Chairman Earls Earls made a a statement to the stockholders showing that the company is i in to the amount of ot in which la Ia included the borrowed from the Bank of or Commerce and others and which I II is secured by a trust deed ded on the proper pro the balance is le J made up of a claim of present presented pre rt ed cd by the Union Mercantile cantie company of at Mercur and and other unsettled 1 I as Us When rhen Mr Earls had completed his hi statement Attorney G W Moyer rep representing representing resenting a class claes clae of dissatisfied stock stockholders stok stockholders holders holder began questioning the officers present prent as ae a to why and how this edne had occurred and as a much as insinuated that the affaire of ot the cor ocr corporation had not been ben conducted to the best beet bet interests interest of the stockholder This brought on a 5 1 spirited discussion which finally ended in the appointment of a committee consisting of A A W Gallagher Galagher J H Bennett and G W to ts t audit the th c books boks and another committee of two J H Hansan Banan and B 13 N NElsen Jensen Teneen to make an examination of the mine to report in one week The duties of the latter dutes later com corn committee were finally delegated to Super Superintendent SuperIntendent Superintendent Fred Butler Buter Who tho ho will wi submit to the committee before the next meet meeting met metIng meeting ing a detailed statement of the under underground underground underground ground workings extent of the ore bodies bodi and render his written opinion of how hon the mine mihe can be operated operate sue su if i at all During the meeting Mr r Butler Buter said sad when he went went to o the Daisy aly aisy mine min last lat October he found fund it in a very ver bad shape To get things in order he was obliged to do a luc lut 1 of ot expensive dead work and stated that he h had just jut about completed the plans he had outlined when the company ran out of funds funda fund and was w forced to 10 suspend He had hadnot hadnot hadnot not reached the richer ores ore when he was wag obliged to t stop If I he could have haye gone ten feet further he would have made the connection and would have been la in in position to keep kep the plant plat run running running running ning furnishing lCD tons ton per pe day for foran foran foran an Indefinite timed time and the ore he was vas satisfied would pay pa good god profits The Te new mill Mr Butler Buter asserted was wa not yet e complete The largest tonnage treated by It since it i started up was wag not over 20 tons ton a day da and It generally was nearer tons tons The he plant had hadnot hadnot hadnot not been been equipped with wih a sufficient i amount of tanks but this thi fault faul could bo be remedied he said at a small smal cost cost R B I D Millet let a stockholder suggested Bugg ted i ia a plan to cooperate with wih the South Daisy and Omaha Omha folks at least leat to tomake tomake tomake make an effort to effect a consolida consolidation tion ton with wih those two properties The drifts drift In the Daisy Dais ground as a he understood it I ran rap close cloe to the side lines of ot both of them th m and he thought thou ht it would be b a good plan for all al three com corn panice to work together enlarge the Daisy Dalf mill ml to at leat double Its It present capacity and then leave It i to a commit committee tee te of competent mining men to Judge how the proceeds should hould be divided Mr Ir I Millets suggestion met with some Ca fa favor Cavor I Ivor vor but no action acton was wa taken along alons aon those lines I It I was Wa stated by Chairman Charman Ears Earls Earl that he thought the owners of the trust deed would be b willing to te make some some kind of an arrangement whereby they would enter friendly foreclosure fore proceedings with wih the understanding that a new cor corporation corporation porton would be formed at the final disposition of the property making the new stock stoc assessable asble and each person peron now nw a n stockholder having haIg the same amount of ot stock they no now non hold issued e to them in assessable stock of the new corporation This Thi plan was wa favored by many In but the matter was left loft to be called up again at next Wednesdays meeting Manager Frank Fak Kimball Kimbal of the the Union company wee waa present and stated h hp he was ready rey to with wih the stockholders sto in every ever way possible to straighten out matters mater Mr Earls EarlE stated state that the Daisy Disy treasury w was as entirely l depleted |