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Show ' ASKED IN A .SUIT FILED A! NVEK,::IT;1SLAI1E1) - ' 1 ' ..... . ... . .. - , 1 Attorney C. C. Parsons Said to Be in Utah to Serve Papers; Pa-pers; Interested Persons ' Have No Knowledge of It: ' . ," . , .1 BTJLLETHT. ' ' C. C. PARSONS, AN ATTORJTEY OF DENVER, IS ALLEGED TO BE IN UTAH FOR THE PURPOSE OF SERVING PAPERS IN A SUIT ' FILED AT DENVER, ASKING THAT A RECEIVER BE NAMED. FOR THE MAJESTIC MINING CO MP AN Yv OF BEAVER COUNTY. IF AT-. TORNEY PARSONS HAS ARRIVED HERE, HE CANNOT BE LOCATED. LOCAL PERSONS INTERESTED IN MAJESTIC AFFAIRS CLAIM TO HAVE iNO KNOWLEDGE OF SUCH A SUIT. . THE MAJESTIC IS A DENVER CORPORATION. News comes from Denver today that a suit has been fileoVat that place asking that a receiver be appointed for the Majestic Mining company . of Heaver counfy. The petition, it is stated, is being be-ing suppressed. Attorney Ci C Parsons of Denver is 'supposed to have come to Salt Lake City last night for the purpose of serving serv-ing the papers In the case, but xio trace of him could be found today. The stockholders of the Majestic company com-pany held a meeting in New York yes-, terday, at which. It" to stated, the company's com-pany's affairs were shown to be In bad shape. Efforts are being made. It is said, by benutor X. B. Lewis to effect a consolidation con-solidation of 'the Majestic properties with iitf ntw Monarch enterprise. - trf AttorneT..n?wati: v Judg undrew Howat, local attorney for the Majestic company, said this morning that he had received no notice of the filing InjDenver of the application for a receiver, but explained that this action was no surprise to him. Senator Lewis, who is now In New York, was notified by wire from here of the report from Denver, but up to 2 o'clock this afternoon had made no response. re-sponse. Col. Henry Altman. who is one of the heaviest Majestic stockholders, and who has been representative of the minority opposition to those in control, said this morning that he knew nothing of any action, taken in Denver. Parsons May Be in Bingham. Attorney C. C. Parsons, 'who Is said by the report from Denver to have come here for the purpose of attending to the service of papers In connection with the application for the receivership. Is believed be-lieved to be in Bingham, today on business busi-ness 'for Samuel Newhouse. While all of the Majestic company's properties are in Beaver county, this State, it is intorjiorated in Denver, un- I der the laws of Colorado. The authorised capital rtock is JS.OOO,-000, JS.OOO,-000, in 110 shares. Its History Tempestuous. The history of the Majestic Mining company has been tempestuous. The Hon. A. B. Lewis was the promoter and first president of the company, which was capitalized by him for $6,000,000. After he had started work, on the various vari-ous mines of the company and had the remarkable high-grade copper ore exposed ex-posed in- the O. K. mine. Mr. Lewis brought several train loads of Eastern investors out to the properties and interested in-terested a great deal of Eastern capital. After the company was fairly floated a great deal of development work was done on the properties with very satisfying sat-isfying results and the attention of mining mi-ning men everywhere was called to ever made to the Utah smelters of Copper Cop-per ore. running from 45 to ,60 per cent copper and about $8. In gold. . . , MAJESTIC AFFAIRS UNDER DISCUSSION NEW YORK. March 29. The stock- holders of the Majestic Copper Mining and Smelting company held a largely attended and excited meeting yesterday to discuss a proposition propo-sition for a merger with the Monarch Mines company. , . i A . proposition was recently under consideration whereby the Monarch' Mines1 company was to be formed to take over the Majestic Copper .Mining and Smelting company, together with : several other mines, known as the Im--perlal. the Royal, the Last Chanie and others. t e A full discussion of the situation was had by the stockholders, and after the Interchange of 'views It was generally conceded that the original proposition. . with some modifications, was perhaps the best that could be devised. x A resolution was passed expressing the confidence of the stockholders In their committee and requesting and au-thorlzing au-thorlzing it to continue the work recently re-cently abandoned, and do the best pos- ' 1 sible for the company. - It transpired during the meeting that the rompany is In much worse shape financially, than the stockholders were . . aware o( ,In fart, that It Is In a critical criti-cal condition financially and that Its' creditors are pressing It hard and threatening a receivership. Frank Knox, a banker of Suit Lake Olty, was present. He 'said that the company owed him (25.000. and that he was ready to proceed at once to the appointment ap-pointment of a receiver, unless something some-thing definite was done by the company com-pany for Its' payment. . He said that Judgments Against the company have been followed by executions execu-tions snd that the property Is advertised adver-tised for sale under these Judgments on March JOth. He declared that If the original proposition prop-osition for a merger, or some similar -proposition, was adopted by the company com-pany his threatened proceeding and, probably proceedings by other creditors ' would be withheld a reasonable time. . Beaver county. it was discovered, however, that on account of the long haul to the valley smelters.it would be necessary to treut the lower grade ores on the ground, so it was deildcd to build a smelter. Big Smelter Erected. A most complete plant was put in by the Colorado Fuel & Iron company. The control of the company had by this time passed Into the hands of the Eastern stockholders, of whom Mr. Mucklow of Hartford was the leader. These stockholders, desiring to see money coming into the treasury, decided, de-cided, against expert advice, to start the smelter immediately. Only a Short Run. , ' After they had done so it was discovered discov-ered that the mines were in no shape to supply the necessary re to the smelter and as they had no reserves the smelter was shut down In about sixty days. Then began a wrangle among the stockholders which has lasted up to the meeting held yesterday yester-day in New York. Work at all the properties except the O. K. was closed down. Superintendent Osborne of the O. K. and a number of miners, being certain of favorable results, agreed to continue working at their own risk. More Than Million .Spent. This company has spent more than a million dollars In Beaver county and has really lifted that section of the State Into comparative affluence. The only. returns, however.-whlch have come, into the company's treasury have been from the sales of the copper matte turned out by the smelter and the three shipments of very' rich copper ore from the O. K. The arrival of the ten-car ten-car train from the O. K. will long' be remembered by local mining and emel-termen, emel-termen, aa it was the richest shipment i 1 |