Salt Lake Tribune | 1901-04-11 | Page 6 | Big Propositions

JSJI BIG PROPOSITIONS Col O P Poseys List of Whales He Leaves for Boston With examinations that must deter r mine the fate of his big companys negotiations ne-gotiations for the Mammoth and Grand Central mines at Tintlc rapidly approaching ap-proaching comnletlon with the Blng I I ham Copper and Gold Mining coma > j com-a panys smelter thawing up over 300 i tons of ore dally and the string ort S or-t B properties under his general manage 11 1 ment responding 10 every levy made N I upon their ore bodies Col O P Posey boarded the Union Pacific flyer fop Bos ton yesterday where on Wednesday next the directors of his company will L meet The purchase of the Grand Central Cen-tral l and Mammoth mines Is of course I the special ordeP before the meeting t said Col Poser and as the option on L the Mammoth will expire on April 25th the situation calls for prompt action The findings of those engaged upon thc examination of the Mammoth will havc been prepared by Saturday and without H with-out delay will go forward These in tj 5 1 hand the directors of the Blngham Cop i 1 per and Gold Mining company ill pro ME t i cccd at once with their deliberations I Should they fall lo exorcise the op tion said Mr Simon Bamberger last night It will then revert lo the Messrs Bamberger who will probably prcctnt L It to their wealthy friends la the East Mr Bamberger who has closely tot lowed the examination Is very much pleased with the results thus far and 1 j tjiat the control will ever be allowed to go back to the present owner looks un HKely whatever the action of the Bins i ham companys directors r With the opiion on the control of the 4i Grand Central running until June 1st fr m ncct thc necessity for hasty action la I S B nPl so Pronounced said Cot Pose and K I Capt McVlchlc will continue with his j j cxamlnallon accordingly lt With thebehavior of his company IntercstB Utah > Col Posey departed i O1the East vtty much Pleased and with the additional furnaces and con j S verters In commission at the smelter ti j theearnings must be greatly increased Nn ui