Show MAJESTIC AFFAIRS new york commercial william B president of the majestic copper company announced yesterday that the agreement under which samuel newhouse consented to direct operations at the properties of the company in utah will expire on october 1 mr newhouse who is now at salt lake states that it is possible to make a mine of the harrington hickory and with that conviction he advises the company to proceed with developments along the lines pursued by his hia staff about a year ago mr newhouse assumed the managing directorship of the majestic copper company with a view of placing the company on its feet and to straighten out the various difficulties which had at times prevented satisfactory operation of this enterprise one of the first things he did was to raise sufficient money to develop the properties on a substantial basis conforming to some well planned policy rather than following the irregular tactics that had theretofore prevailed the work was carried on under the supervision of the newhouse staff and has resulted in showing up considerable ore when mr newhouse undertook the work however it was understood that his period of supervision would not extend beyond one year as his other business interests were too numerous for him to give this property much of his time in speaking of the expiration of the contract mr yesterday said that mr newhouse still retained a substantial stock and bond interest in the company as well as remaining a director in the company in december said mr more work was done on the than feet of new old hickory mine of the majestic company and about tons of 3 9 per cent copper ore was placed on the dumps at the har lead mine the new arington rington I hickory silver work aggregated feet and q some come tons the dump of which on placed of ore were to salt lake tons were shipped the mines will still remain under the ingols who has control of superintendent time the expenses for some been in charge at the mines are now averaging about a month no definite date has yet been fixed when and lead smelter will the comp companas anys copper bo be blown in |