| Show SALE OF THE MORGAN Stockholders Accept 4 Mr Brubacks Offer of 100000 VOTE NEARLY UNANIMOUS I + DIRECTORS AUTHORIZED TO I TRANSFER PROPERTY Do Not Know Whether It Will Be Transferred to the DalyWest Rich Cyanides From the Daisy Good Reports From the International Inter-national Mining Notes I By a vote of 250011 for to 4813 against the stockholders of the Morgan Mor-gan Silver Mining company decided at theJr meeting last night to accept the offer of JlOOuOO recently made by Theodore Theo-dore Bruback for the property When the meeting was called to order or-der the roll call showed the presence of 254924 shares but previous to the vote 111 shares hold by one individual individ-ual who withdrew ivcre missing The resolution adopted authorises the bOa of directors and officers of the company t make a legal transfer of all the companys mining ground consisting of twelve patented clams adjoining the DalyWest at Park City on the north together with all the machinery buildings build-ings and other appurtenances to l i Bruback on tht payment by him of the I cum of 100000 Mr Bruback was not present at the meeting but It is understood the directors di-rectors will get together today and make the transfer After the meeting last night President l Presi-dent Ezra Thompson and two or three other prominent Morgan stockholders who are also largely interested In the DalyWest were asked If it was not true that the Morgan property would be transferred by Mr Bruback to the Dalj West company and they all declared de-clared they did not know Just for the present they said they were interested ested only in learning whether Mr to the Bruback was going put up money he had offered for the property prop-erty Whether the DalyWest would buy it from Mr Bruback was a question ques-tion they would not or could not answer an-swer The Morgan property was originally located by Philip Morgan aid was held and worked by him and a nan named Scbaen for several years Finally the Walker brothers and George A Meears became interested In the mine I wan equipped with a hoist incorporated and worked with some vigor The bulk of the stock however was held by men I of limited means who were unable to meet the expense of heavy development develop-ment work They were offered a good price for the holdings at different times but always refused to sell lowe low-e tie desultory work earned oni from time to time caused them to gradually lose their grip on their holdings hold-ings until a few years ago all of them wee practically frozen outr rather they allowed their stock to be ab Forbed in a vain effort to bring the min to the front and the meeting of of the I last night A as an illustration result of men trying to carry out big undertakings without capital |
