| Show I tW OUSt A AND O OT TIE THE T t mm MAJESTIC New Managing M Director Drector Makes an Important Announcement About 0 O K It I Mine lne WILL BUILD A CONCENTRATOR A MillIon Tons TOis or of Ore Out Vigorous 1 to 10 1 hI 1 In While the cl from the east cast Indicated received daYI Urn ago Og that Samuel would begin Ills his as director ot of tIme the copper minus In iii II heaver county Bomo fome time next week wetle his suit luf hue him hl received no In tn tim II that effect n as yet In lit act It In IA believed none nOle will wil bu IJO forthcoming torn time the now new r until he hi arrives alTIe here hert and thin IhlA statement la Is l borne born out In an un Interview with wih Mr lr Newhouse by h the New York after the tho entered Into by the board of directors of ot III lie time company had been Sonic Koine SUle hava believed the time delay dollY In lit concluding Will ilu dime to Home ole hitch In the tho t 10 proceed but It an explaIned itaya the tho theIl Il lull bl hi bat I lout wan In I it now i ce e duo clue to 10 any disagreement over time the plane Illane ida suggested by h Mr Ir 1 Newhouse I Ill experts hail had hadt been heon t eon currying on cit 01 an extensive ve exam examination examination of or time the property and he had do de deferred erred action until ho Ito hoard front from thorn them Tho rho atoll arrived on Tuesday lie I they were vere ere highly favorable to 10 tho time 1 company Mr MI Immediately time tho deal Heretofore tIme tho remuneration r re received by hy h Mr Newhouse for managing the time properties which he ho han ban handled bandied died ban hll beon known knowlI to tu be he h lucrative but hut that which ho he la is to receive for his bin work nt at lt the thu Majestic ho saId yester eter yesterday day tny WA was w comparatively In I J have hlo time the welfare of ot Beaver coun COUll county ty at nt stake tw said ald Mr Newhouse and the 11 tim peculiar oi of time the company In the past have done clone ua us lS con coil harm On Ott being assured that the time present management had redeemed every oey pledge that It made mailo anil hart placed pieced limo tho company l on 11 IL secure finan financial cia cial basin basic I 1 decided deckled to help to put it that company on out a u footing My ry experts Including 01 nil all my lit Irm Utah looked ed edO over O r tho tIme mine mino they tho give me le time the beet beat helt of assurances that with care It can be 10 placed on Oil an un earning basis On Out 01 my mimy return to Salt Bolt Lake I t shall Ihl Immediately I Inaugurate a I policy poley of yIn vig vigorous viI orous Ile lt erect f ct a n concert conceit Iolen on the 0 K V This Is IH about mill all ni that I rita can say nay Iny at present as its u nil all future work will wt depend dep IH upon the Iho developments al as Al they occur at ut the time mine amine Within the next month I shall ehalt make a I complete report to thu 1 tome It II Is not known definitely what litter Inter Interest liler I est eel Mr Ir will 1 In lit time the thC Majestic company though there thoro Is II a I bullet belief holt that It will wi be bc a I substantial one omme Oll which he lie will wiil either or dispose dl of ot entirely wIl In III with wih develop development ment at lIt the Iho property The rime 0 O K IC Ie mute mine 1110 la II estimated to con comm contain tain a n million tons tanH of ore ole blocked blockel out |
