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Show NEW IMPETUS FOR I STHELip MINES Liherty Leasing Association to Wage Vigorous Campaign of Development Work NEW COMPANY COMPOSED OF CEDAR CITY PEOPLE Have Obtained Lease and Bond on, Big Fourteen Property and Will Sink New 3110 Foot Working Shaft on the liiir Sunflower Claim. Quite a little impetus is being given to the Stateline Mining District by the formation of the Liberty Leasing Association, As-sociation, which has been incorporated by Cedar City people for the purpose of leasing and operating the property of the Big Fourteen company, owners of the Big Sunflower mine, which has produced a considerable quantity of high-grade shipping ore in the past. The new company is incorporated for $10,000, the stock being divided into in-to 100 shun.. ,,f Mu. nor voln.. . , 1" I i ill wi iw Burners ni inc pur value ot ?iihj each. Only 30 shares of the stock are being issued and Hold nt the present time, the balance o, the stock remaining remain-ing in the treasury for future use, as , needed. The officers of the company are, President, H. , Claud Lewis. Vice-President, Vice-President, Don Coppin. Secretary, Clyde Cannon, Treasurer, Warren Cox. And these, with Wm. Merry-weather, Merry-weather, Roy F. Homer and Daniel Perkins form the board of directors. The company has been duly incorporated, incor-porated, and a force of three men is now at work sinking a new working shaft to a depth of 300 foet, about 75 feet west of the old Sunflower shaft. Don Coppin has been selected as general gen-eral manager. The new company's lease on the property include a concesion of stork on the part of th"e Rip Fourteen Com pany in consideration of the performance perform-ance of a certain amount of work, and also includes an option of purchase. As above stated the property has a record as a producer, and in addition is highly endorsed by such authorities authori-ties as Prof. William Peterson, M. K., instructor in geology at the U. A. C, who states that the formation is ideal and that the property is exceedingly promising. The incorporators and promoters of the enterprise are very enthusiastic over the outlook for big returns, and intend to prosecute a vigorous campaign cam-paign of development there during the next six mouth. |