Show TROUBLE IN IMA COMPANY 7 W Taylor Succeeds Charles Knight as President Difficulty OverStock Over-Stock Transaction The trouble In the Ima Consolidated Mining Mi-ning and Milling company has resulted In the retirement Charles Knight from the presidency and directorate and a complete nor anlzatlon of the company with J W Taylor of Columbus O is tin new president nnd Prof Jumes 10 Tul nnige IH tIme umtr director The trouble In time roniiwny arose ar cordlng to the stntr > ment of the new prcMldent from pome stock transactions of Knlghts Involving the company In a temporary loss of flifCO The president was authorized b a volt of HIP board of directors some time slam < to 50 East lo sell Q certain amount of treasury stork the proceeds to be usd in building a concentrator con-centrator on the property on Patterson oreek emhi county Idaho Knight sold the stork hut Instead of delivering treasury treas-ury stock delivered part of his own stock Mr Taylor Bay nnd appropriated a part of the proceeds to bin own use When this woo discovered swyB Mr Taylor KntghlR retirement was demanded demand-ed by the other stockholder mind thmis his Just been Jicconipllshod Before the trouble trou-ble began Knight had n controlling Interest In-terest In the js ock of the compony now it Is said he holds but 10 per cent All the companys lessen have been made good and mnltor tire considered to be In better shape limn they have eter < been Tin properly In considered lo be a flue one and a number of local people aro Interested The concentrator Is to be built niul the work pushed J 1 W lay her the new nrrildcnt In to make Suit Lake his permanent home and ho vlll look after the Interests of tho Kaatcru stockholder Charley Knight the man ousted from the management of the company departed de-parted for Chicago Ins Tuesday afternoon after-noon and waa followed by hla wife and Ultlc girl the day following For this rcntion his side lo DIP controversy could not bu secured Jit before leaving he sold his Brlslwm street renldence with all bin furnlturo carrluges und horais toP to-P J JUmenbarih who la now In possies slon of the properly Mr KnlKht bsia borno a good rLpiilntlon In Salt Luke am In the past tivti yt nrs has done splendid work In time development develop-ment of the Ima properly |