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Show I A DALY-WEST CHANGE m Reincorporation of the Mine H in Colorado. H NO CHANGE BUT IN LOCATION i Manager Bamberger Says That in View of Threatened Lltlgntion They Trefcr to Bo a roielgn Cor- porntion nnd Havo rodcral Courtu Handle Their CnBCSTho Ileport of tho Year's Operation!! nt tho Mlno Hj Makes n Orcat Showing Tlio H Daly's Annual Meeting and Ileport. H'l . H ' An unusual move was made josler- H elnv at the annual storkhciHeta mcet- 1 Ing of the I11 33 est Mining cnmpiny B when a lesolutlon wiib passed authorlz- H Ing the sale of the assets of tho mm- H piny to the Dili 3est Mining torn- H pany. n corporation recently organized 1 under the laws nf the Mini- nf Colorado Hi The new corporation In rnpllntlzed the H . same ns the old company for 000 000. j divided Into 150 00.1 shares of tho vuluo H of J20 a share and Its officers nto A Hj , llanauer pieeldont, A f lltlsJr,3lce B , president Hem MtCornlck, secretary ami treasurer these villi J. A Klrhy B and J 1' Mien arc director" In ex- H planatlon of the prociduie J. 1! Ham- B.j berget, president and manager of the " original Daly Went, last night said th it e! Buch n chingo hail b.en contemplated for more than a year. Riving ns a ren- H ton that the !otiip.in s business had H grown to mirh an extent that lucre isoit H litigation was Inevitable ami expressed 1 the belief that a Podcial cuurt In width J1 the new company s suits would lie trieu on ot count of It being n foreign inrpn-ration. inrpn-ration. wa a more deslioblo Irlbunil ( than State courts, hut he denied that i the action was Intended to revent or f evade nn Impending or Ihieatened lltl M gallon between the Dalj West and the V Qulncy mines, of which current repoit f has been given some credence Im sev- j cnl months Tho comiaii) his " j two damage suits fm personal Injiiilrn H to employes In thn mine, one of which Ih H i for J20 000. and Hie olher for 2i. (Mi It H la a matter or great lncnntenlcnce and H ' Increased cx tnse, ho said, to get ut- H tornevs to attend eomt In small pluies H Judge 33' II Dickson, one of the dlrec H tors of the company, erllleil Mr Ilam- B berger's explanation, and added that In H obtaining Juries In such cases theie H were local prejudices In the htutc courts 1 that would not be encounteted In a H Federal court On the other hand there j are those. who rlilm tint the proposed 1 transfer Is being made especially to ri t H t ready to meet a suit that will bo H I brought by the Qulncy people agilnst 1 the Utah Daly -West This phase of the M deal, however, will be settlid within H the next sixty days, when the transfer will hae been completed, and the notion H of the Qulncy people In that time will H , explain to a considerable extent the mo- 1 Hie of yestenlay a moe The other business transacted at the inreilng wns there election of the old eirtlcei a nhonie J n Ilnmberger, president J. I) nod, PP 3lee-presldettt, 33' S Mcl'ornlck treas. H I urer, nnd thev with 33' II Dickson and H Ixra Thompson are directors J liar H ' nett Is retained ns secretary, 'lhescof j fleers, It Is understood, will nssiinie j slmllir positions In the new tnmpiny m and leplace lis present nlllcers when the H transfer shall huc been form illy com- Hj pleted. H itnronTS H A detailed report of tho transactions H of the mine fni the past yeai In pirn j phlet form was ttirnlshed the stock- H holders, a large lepresentntlon of whom H , were present W The past yeir, sild Manager Itum- H berger. shown n net gain nf S.00 000 of B which JS0 001 la In the Iruistiry and B i:0 000 Is repirscnted by Imieased dil- dends The lepnits show the toiul ic- ! celpts for tho yeir to )me been tl II-..- BH KSxU and the expenditures Including H twelve dlvllends, were Jl 0I0'067, The H dl Idends aggregated IC07 S00 w The output or lite year was 1H1 lots, W making MO'f! tons of run which pro- W duced 1 32f 4H pounds or topper. 11 'iSn - W 973 pounds of lead, 1 6M 73 ounus or j gold 1,755 111 ouiuea or slUer and 10,- 1)31 tr pounds of zinc The development work his cone 10 feet below the 1100 root level ami drifts have been inn 1000 feet to the west In ore nnd 300 feet to the east not In ore i hollowing In a lecnpltiiHtlon and Kunuuary of the yeai a woik Mill In actual srnke 315V- rlij.H H Ore milled 67 771 dry tons Ore milled per day 1S3 tons rnncentritea rrnduced 13 9M tons BW Tons of oi e roncentinted Into one ton V of concentrates 44 V ! IVr cent or lead saved 13 S I'er tent of sllvei saved 702 H rreunt dally cupntlty of the null, ;:5 M Tho Daly Meeting. H The annual nuctlng of the to. khol 1- Bxa ""of the pily Mining company was held yexleiday nnd icsulied In Hie tP. H election of Its former oilUeis w),n aie BW l I Rood, pieildent David McKenxle. Mce-prriMent J H Ilntgln, tnasuier and they will, c hnrles Head and tliorge Km JI Stott aie dliectoia w j iBht- bxjj nan Is alto letalned ns secietary The KB report submitted shnnfd leeelpts for hc jean to thn extent of HT.IB! 13 will, affl j"?"",",1 ,lnl"n I" the tieisuiy of BB J23.'J3, which now uggregatea IZ5 544 71. M The. Northern Light. bWI Tho nnnual slnikholdira' mcrilnc of affl i t . or"1",'lKhl Mining coinpaiiy KB I which was to hav been held yest.iday. Lffa ?!? nti"'",'rlnllio hut imooo or BB tho 400000 shniea of (he company weio all ' rren,le'.'. Ainijoilty being I u king, affl n i.1 ? ' "' 'netting will i.P icpuli KB . Ished and rise ond elf oit will Ik undo KBI to elect ofll ers The lepoit nr U i: I 'f'e,: fonsiiltlng mining englnoer since BV August I im was Mibinlttnl covering , ,,h oik dow during his admlnlsirw-BjBE admlnlsirw-BjBE tlnn In Beptcmhir. tho report stales, h" ml" ,"ns "lll nd a shaft hn KB1 been stink JV! feet at a point 300 f.et BBH from tho mouth ot the tunnel and nt 1.".T,h, of 21! feet f,0m the sut fare BB At the bottom of the shaft j1i iris hive iBJ been run In opposite directions oj rea BKB1 onrt W fee respectively making u HI n?n of 00 ,eet ot v ork "' hua cost BU i 10 ro a foot H I Tho financial statement shows tho BW nveidrnft ti have heen i.diml 10 H ,fi 37,01 ,? I,lch ls ' 3S ' than the rilr?i,t-'!;,1 "f0 Ihoiecelpts In. !VAtcUUP. frnmtlhree asessmcui, and W2 74 from tho sale of oieh The dlsbui-ements In part aie U 017 7.' f .r J?JX-',!,V",9S f.or R" ee"rU -"lt Jnl VI I 'uTin f,1"fl. Interest und In- |