Salt Lake Tribune | 1914-06-02 | Page 11 | Leasers Make some Net for Uncle Sam

iif II He IT POfiUfJCLE SAM Profits for Year $5600; Old Directors Are Reelected. Re-elected. , , Tli pi regular a u nun I i nee. I lug of the l.'ii'le. Sum Consolidated Aiming company wji.-i hi Id yeMterduy al the cnmpany'H office;) of-fice;) lu he. I moly block, All the, old directors wore, re-eecc;1j 1K fnilow. : .lohn Lern, M. I. Mialfet, Krnnk Kimball, l-'red ('.. I lerti and .1. ( '. Idf I., '1 he, officers of-ficers for the euiiulng year have not yet been cbonoit, hill ihev will prtjhally i; I he Hiiine at proMeiit, (or Hie pa hI year the mine has b'-en w oi'k erl by f'TM, aiul a report rea rj a t the meellijg showed that Hie conipniiy hud iiiado a net profit of $;(r.00 during the en r on i k lin'Oiii" from Ibis kou rce. For the coming year il Is l lie present Intention nf the company to continue Its hming policy along Hie amo lines. Thn ml no ih report ed In fair condition. Manager .(. C. Il"( hns JiiHt. returned from the Tlntlr district and says the May iJay Ih looking well, although the ore in Ihe hod v openerl some time ago bv Mitchell & Kltt. Ienern, h not of as high grade now as much of that taken out by the leasers. IJeglnnlng yesterday yester-day the company has talom over tho opera t Ion of this prop'-rt y and will vigorously vig-orously prosecute development. work, especially the 700 and upper level a.