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Show THRIFTY MANAGERS. The biblical injunction that the ox which treadeth out the corn shall not be muzzled is obeyed literally by most of the Utah mining companies com-panies which are so fortunate as to have cash in their treasuries. "In the treasury" is a euphemism euphem-ism meaning, in most cases, "in the hands of the controlling officers.' A couple of years ago the minority stockholders in the Daly-West company made a scandal of the fact that the $300,000 cash surplus was earning nothing for the shareholders. sharehold-ers. The agitation led to the disbursement of the surplus in the form of dividends. As a rule stock holders are more complacent about such matters. The holders of Colorado and Iron Blossom were gratified to learn from the last annual reports that the management of the companies had been bo thrifty as to loan the cash funds on demand notes at 2 per cent interest. Last year the Colorado Colo-rado had outstanding in this form ?G4,500 and the Iron Blossom, $27,000. The loans brought the Colorado in interest $1,529 and the Iron Blossom $244. dt |