Deseret Evening News | 1901-04-11 | Page 12 | The Star Con. Annual Today

si II THE filE STAR OON DON ANNUAL I TODAY Report Showed the Company to be bo in Debt 1 I SUCK STUCK NO NOT SOLD SOLI SOI I use ilia bout About bOlt Kun nth utis hue port llort front flue thu lily I iti The Fist of o the tho Star Con Mining III nf com n I mt met In annual session this mornIng moring rind and to an tin Inter e ln report from Crom the president nail and Ind secretary of or the company This report that lund had Steen hen received from the palo salo rala of or ores res orp since the present tt took hold bold of oC tile property on May Ia lat 1st 1 19 1900 00 At t that Utile time the thc wa WS In debt the tue great of which title due of oC ofa oCa or tr part hart was WIS on account a voluntary made mati by b the shareholders ovir oWl a n year lr ago ORO The fht I management linn line paid hold aid oil oft debts to during the year of ot which vius WIS due to the tue purchase of oC the tho iiii aundry lode The he company Is now noss In debt but hut It has In iti II tho tite treasury which h reduces s the tho Indebtedness to As Asan Asan an nn Ort to 10 this debt tho the company huts has his 00 of I treasury stock on al hand which at present prices makes the company practically een even with wih tho the world In the tue reduction of the tho debt from fro to tu the company has his showed aa an In earning capacity of ot In the tin past 11 1 months which IH is II consid considers considered ers er ered d a very good showing The Tho of oC tho the company are arc as follows Milan lillian Packard president fr H It A Dial Deal of vice president and A 0 O of oC sec see secretary tintS and treasurer These with M lii wih O 0 Packard C C F P Packard and C S Davis constitute cm the directorate C F Packard still continues as superintend superintendent ent eat of the Iho mine I nt Packard who vho has been bel very ery ry sick Rick for far some somo time came carnO to tho thu city today toJa for Cor the first time In many weeks Ho Ito Io confirmed the reported strike on the level though It I Is 18 un that the tho ore Is IA low lo grade gr e Its Is values ira are ae lend silver anti and copper r No attempt Is l being made to explore the tho big cave on thin Iho COO GO though when the company Is Itu I more Inure fush with funds nn an effort wil be made to get Ret under It I by IJ sinking the hue shrift shae Mr Ir Packard says he will wi make Ilke a II mine of ot tho the Star Con yet et thought though It U will wi take a n Rood good drat dent more money manes mone to 10 do It I He lie wishes now nol that thai he 11 not paid pall any In money mony on the as assessment ts as us he hue would have hail had laa n it larger surplus which will wi be needed n ced In itt the tue working out of the Hie plans The monthly expense of the company Is about 2600 Two cars of or ore and Ind 2 cars of ot gold ore are am being bellI loaded at the mine The fhe report Is just about what I was Ins 1 expected nod and Ind It I was sas thought It I would pot materially affect the stock I