Show I UT UTAH AU CON PREPARED I FOR EARNING RECORD I Smelter Contract and MineI Mine Developments Give It I Fine Chance That Thai ho favorable turn which hick th the 81 smelter lter problem has taken for th time the Utah Consolidated company together with wih tho Ito splendid mine development which hare boon bool accomplished under unde underlie the lie management of or J J. J B. B n Risque means mean that tho the company Is li II In position t to probably more than hiatt duplicate its Is past pas earning record Is It emphasized b by th tho ho details of or the tho smelting smelling contract just jus entered Into given by ly a letter just jus addressed SNI to the time shareholders by bv Pros Pros- Ident blent U. U G. G Broughton Broughton- While these details details' havo before reached the tho Public pub Pub- lie lic le in iii a 1 general way th they appear more mor significant when concisely presented 1 In Inan an official way Mr Sir Broughton ton Aa says nays Your company has now entered into Inlo a n contract with wih W IV D. D Thornton o ot of Butte Butto for the smelting of ot its Is ores fo fon for fora or n a 0 period of ot ten lel years yearl commencing April 1910 the proper propel performance o ot 01 which contract is guaranteed by 13 tour rou pI persons acceptable to your board o ot of directors Un Under or the provision of oC till this contract AIr Mr Ir Thornton agrees 1 1 1 Tn o f Arit re ct n il In I Too Too-cl county Utah Utah to to io bo In operation b by Apri April 10 1310 1910 to treat the thc output o of 01 company's compans mine up to 1200 O tons tone per day dl at a 8 n rule rate which Is cents cent per ton more favorable to your company com corn pany Iny that list the contract t now existing with wih the tho Garfield Smelting company To 0 acquire front front- your yoU company at cost all all al the tho thO lands landH and options It I has hal acquired In count county 3 To give 6 1 an option opton upon any ally part art rt of par pal value of ft tho the capital stock of ot the titi- company compan to bo be formed to operate the new smelter upon as favorable t terms as may bo be ex extended ox- ox tx- tx tended to nn any other taker or subscriber subscriber sub sub- scriber to stock The Th cost coat to your ou company of or transporting trans traca- porting ore ore to the Tooele smelter will wIl not exceed 18 IS cents per por ton All itt In with tho the l existing contract and und that entered Into with Mr II Thornton have hoyc been ap approved approved approved ap- ap proved l by E. E P. P of ot Anaconda Ana Aua- conda your our company's consulting en en- en Upon tho the basis basin o of your our company's present output of or ore ort SOO tons per dl day the th contract contact entered Into with wih Mr r. r Thornton will II result resul in a saving to your our company compan us as compared with wih the thc contract now In exl existence of or over per annum or 51 1 p pot r r share hare upon the capital stock of your rOUl corn com I pany pan |