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Show GENERAL EXPLORATION CO. I TO have taken over under lease a property that H had failed in its operations and so involved H itself in debt that it passed into the hands of re- H ceivers and in addition to having created a fund fl for the owners sufficient to start them on the H road to success, and to have built up a surplus H for themselves adequate to finance them as a fl general exploration company, is an unusual rec- fl ord for a company In the short space of a little fl more than a year, but this is the remarkable rec- H ord that the General Exploration company has made mainly during the present year. Originally organized for the purpose of op- H erating the Ohio Copper mine at Bingham under fl a lease, it has been the main factor in pulling fl that property out of its serious difficulties and H making its future bright, having paid it in royal- I fulfil T ft tIes n less tlian a year and a nalf between $300,- ' j ,11 000 and $400,000. At tho close of tho present (! 'to year the General Exploration company finds it- It Bff self m PsseSSlon f a treasury as a result of f 6 II lts Bingham operations big enough to finance It 9r H for a11 l10 PurPS0 for which it exists and big I f! r enough to enable it to lake care of any new propo- f I ? V sltion in its lino that may come up. Its Ohio ' Copper lease expires January 1, 1917. 1 The General Exploration company is backed i! j J j by the efficient services and good judgment of jv j! jJj such men as Alfred Frank, president; E. L. New- i jjf ' house, Jr., vice-president; Clarence Bamberger, j 1 1 iJ secretary. These men are also directors. The f j j 4 other directors are John MacGinness of Butte, t ! i l jd Mont., and Charles W. Saacke of Now York. The , t iijjg office of the company Is on the eleventh floor of f j thq Newhouso building. |
