Show THE UTAH GOLD COPPER early last spring the editor of the mining review visited the property of the utah gold copper mines company located in the needle range of beaver county utah and subsequently published quite an exhaustive hau stive article descriptive of this very promising mining state at this time however no mention had ever been made of the fact that the new york company financing the utah gold copper mines company had been paying dividends on the stock of the mining company and had this fact been known no mention whatever would have been made of the companas comp anys property and for the reason that this mine has never yet earned a cent in profits and therefore could not legitimately declare dividends later on the matter was taken up with the general manager of the company dr C E watkins of denver who stated that these dividends had been declared without his knowledge or consent the mining arview has repeatedly stated that the property of the utah gold copper mines company was possessed of much intrinsic value that it promised much with intelligent development that it might well become a second leadville and this opinion and belief still holds it is gratifying to hear therefore that an all effort is soon to be made to change the management and policies of the company and that two thirds of the outstanding stock of the company had been pledged to dr watkins in his effort to bring about a re formation in company affairs and that a special meeting is soon to be held at which it is hoped a reorganization will be effected so that hereafter the slogan will be the mine shall make the value of the stock instead of the stock making the value of the mine it is stated that a few of the leading stockholders stockholders of the company have agreed to put up for the purpose of equipping the property with a small milling plant providing the control and management reverts to the company at the forthcoming meeting and it is to be hoped that dr watkins will receive sufficient support so that he can rescue the companas comp anys property from its present condition and place it on a basis where it will be productive and self supporting dr watkins is a fighter of no mean ability and should win out in this contest |