| Show SALE OF lUCKY BILL BILLa a r Spiro SAure Control of Mine Yesterday 4 CHANGE IN DIRECTORATE DIRECTORATE I 4 TO BE BB OPT BY INDEPENDENT ENT K COMPANY f I The deal dea which has been ben pending for fr forthe f r the purchase by Solon Slon Spiro and as associates a of Ot the th control c ot of o he the Lucky Bill BB Mining Min company was wa consummated yesterday yeter when about a ut of the the 70 0 outstanding aha ah es were delivered As about abut 50 are ar in the treas treasury tr ury and as a the total capitalization n is 1 only O shares the th unsecured stock Cl amounts to about 20 shares The purchase is understood to have hae been p made for 40 ce a share or With th the control c secured a special meeting was wa held h l last lt evening at which die h resignations of the th old board of dl di directors rectors re tor were and a a new board bard elected as a L 1 E F E president Hugh vice dent Max dax Ma E E Smith treasurer G A AS S Gibbs Gibbs secretary these v ith Joseph Josph Geoghegan A A D Pierson and Thomas ThomasL L is Mitchell completing the list 1 lichel IstL j Discussing L the proposition after the meeting Mr Spiro stated stat that there therewa was wa no connection between the Lucky Bill Bi and the Little Bill Bi companies other c than that tha some of those thoe who are inter interested Interested ested eted in jj one on ha h have ye e holdings in the other Whether bether the two tw would eventually eventual combine he was wa not prepared to say sy but he emphatically declared that the stories tore being bing circulated to the elect that tha t one n or both propositions were being bing secured for the T Dl Vest com corn company company pany were absolutely groundless Both combinations he be said sid were entirely in independent Independent dependent of any existing corporation in the state and ad whether they event eventually consolidate or not the properties would oula be b operated by and for fr the bone bene lit If t i the individuals who tt were vere now se securing securing securing curing a foothold in the famous oM ol 01 camp Within the next few days Mr Kill Ki kenny will wil go out to the Park and con confer conf confer fer f with wih John M l ansen who for the past ut year or two has ha been superintendent superintendent at th the Lucky Bill Bi and a plan of campaign will wil be b determined upon Mr Hansen Haen will wi be b retained in all al probability probability ability as a superintendent and ad as a soon son as 8 supplies supple can c be b got to the mine work will wi be b resumed Asked If I It ft I was a not the purpose pue to develop the Little Litte Bill Bi ground grund g und through f the shaft shat of or the Lucky Bill Bl Mr Spiro was noncommittal He however in answer awer to a question that he thought the th Little Lit Bill Bi could be opened to a depth of about abt feet from the bottom of the Lucky Bill Bi shaft and as athe the properties adjoin join it itis itis itis is safe to predict that that tat is just what will wi he be b done The gentlemen composing the new 4 of directors for the Lucky Bill Bi company are ar all al well wel known residents of this city with wih the te exception of Mr who ho hails hals from the Park and Pierson Pien and Mitchell Michel who i represent the eastern shareholders No lack lalk of lf f capital Is 1 behind the undertaking ing and during the next year on and possibly two new producers are conti confidently conf dently denly expected to be b added to the rapidly growing list of Park City bo ho bonanzas b |
