Show GLENALLEN MINE AT PARK CITY PASSES TO NEW COMPANY CONTROL the stormy petrel of the park city mining district the famous or notorious glenallen glenellen Gle nallen mining and milling proposition has finally according to statements issued to the press on the instant been swept from the scene and the angel of peace has taken possession A new deal has been made through which it is said all of the debts and obligations of the old company are to be wiped out a new company the park eastern mining Gom company pany incorporated under the laws of new jersey with a capitalization of shares par 1 while the stockholders of the old company receive some cash and a stock bonus in the new company samuel A king secretary of the old glenallen glenellen Gle nallen company consummated the deal with the aid of george E sanders others interested in untangling the old companas comp anys affairs and who represented los angeles and new york investors in the undertaking were J S tremayne and G C terry mr tremayne has been named as president and general manager of the new company geo E sanders vice president G T terry secretary treasurer glenallen glenellen Gle nallen stockholders in addition to receiving cash and stock bonuses will be represented on the board of direct directors org by mr king and mr allen alien new company in the saddle the present status of the deal and plans for the future as outlined to the press by the promoters is like this the new company and management has already taken possession of the park cit city y property of the glenallen glenellen Gle nallen company the property consists besides the acres of land of considerable underground workings that have developed approximately tons of ore some shipping and some milling and a mill of tons capacity which can be enlarged to tons daily by the installation of a small amount of machinery the operation of the property will be in direct charge of t W C rannells a mining t engineer well known throughout the west he was ma manager nager of the famous hays and monnette lease at the mohawk mine in nevada during which time he produced worth of ore in ninety days and shipped one carload that went said to be the hi highest hest grade carload of ore ever shipped in the united states state s he also was manager of the copper company in british columbia and opened up and managed for or some time the famous properio Pr oterio mine of mexico he is well known among mining and smelting smelling sm elting men of utah and salt alt lake mr rannells and other engineers examined and passed upon dpn uie glenellen glenallen Gle nallen property for the new interests A new shipping contract was recently secured with the united states smelting smelling company the glenallen glenellen Gle nallen property is located feet south fr from am the park utah with the liberty claims of the kearns interests m rests intervening between the two the underground workings consist of a 2400 foot tun liel el from which ore has jeen been exposed for considerable dis tance nce and has a proved ore body 1000 feet long and feet W in depth from the main tun tunnel nel level a shaft has been out dut down 2000 feet and drifts run out on the and wot levels of this shaft the ore which carries considerable cinc nc higher up is showing stronger lead and silver v values alues at depth the new management intends to sink in this shaft and drift rift on the deener levels developments in this section OS ot ahe e park city district have greatly added to the chances of the glenallen glenellen Gle nallen company the new comp company ny will maintain offices in salt lake and conduct all business from this city it is announced the executive office of the company has been established at 1212 pershing square building los angeles |