Show I NEWHOUSE GA CA IE To BOSTON Invested in Shares of Company in Last 0 Two Years Year REASSURES THE BRITONS BRITONS' Manager Hanchett Hanchet Tells Them of Condition of Mines at Bingham Details of or tho th adjourned meeting of or stockholders of ot the tho Boston Boton Consolidated ed company held recently In London are arc Just reaching this side aide of the water John E. E Dudley Dudle Ryder who presided reported that Captain Stephen H. H Follen Pollen pollen Pol pol- len had been elected d a director at the tue su suggestion of or some somo very Important S shareholders Samuel Newhouse said t that nt as doubts and fears Cears and some anxieties were were expressed by br a 0 certain number of o. o shareholders at the last meeting It lt had been thought thought advisable t that at the thc directors of the American should come over and antI give the shareholders shareholders share sharo- holders r an account of their steward steward- bol ship They had also brought over with them the general manager Lafayette Hanchett Hanchett who had Imd been connected with tho property for a a. number num er of or years Mr r Newhouse Newhouse in answer tp to questions questions ques quos explained the difficulties which hac had ton arisen aisen in connection with wih the thc sellIng sell nell elIng el- el Ing big of tho tho sulphide le c ore anti and said that new or arrangements would soon como Into force torce He mentioned that dl during tho the time timo of oC tho the panic he lie and another American merican director had imperiled their own private fortunes on behalf of the compon company In the last two years y ars h hp he had iad bought over of or shares share In Inthe inthe the he my and he could assure asuro the shareholders that he was doing ng every- every everything everything thing hing he possibly h could to further tho best cst Interests of the company Manager Hanchett nanch tt sold said that the compan com com- pan pany really renly owned two mines one mines one a sulphide mine producing pr smelting lUng ores sr which went direct tp the smelter and the he other a porphyry mine pr producing the tho ho conC concentrating ore which went w nt to ho tho new mill mi at Both of those mines nines Were situated on the same mOun- mOun tam ain about ab ut a mile apart A very ry largo laIge sum um of oC mon money y had been expended In the development an and equipment of oC the tho por- por porphyry ph hyry ry mine mine approximately approximately and he could assure them It i had b been en Isely and not spent spent Hanchett Tel Tells of or It I had been roughly roughly estimated that tha one ne ton of waste overlaid o two tons of f ore In Ln the thc porphyry do- do posit They h hp had td removed nearly tops tons of oC waste since J hinc nc 1906 nt to uncovering which was equivalent tons lons of or ore ore which would re- re leve Hove them thim of expense expanse for tor our four toUT years nod provide them with ore oro for or six six y years years' ars' ars work at tho the mill mi The Tho porphyry mine mino being In practically solid sold rock they had to radically chan change o othe the the he method of or mining and were tho the pioneers of ot the methods the they were no now pursuing They had now reached aI a I success successful CuI stage stae and were toda today movIn movIng In Ing ng towards tho the mill ml over 70 tons of or orore ore ro da day and that amount would Increase increase In- In crease rease dally daily The heaviest work of removing the overburden was complot complot- ed d. d He assured the shareholders that the he money had bad been wisely and eco eco- spent and In his opinion would give the results which had been promised In past r reports ports |