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Show REPORT OF THE CROWN POINT CO. Gtatemert cf Treasury and Company Affairs 1c In Local Hands. Local stockholders of the Crown Toint Mining company are- receiving the reiwrts for the past fiscal year, Jn which the financial condition of the company is given In satisfactory detail. Expression likewise Is made of the proposed campaign of development devel-opment work son to be under way, but no prophesies are Indulged in regardtr what ' nmniny should lit ni f.c. tj get Tjc r-poti follows fol-lows In full: At the annual stockholders' meet Ing of the Crov.n Point Consolidated Mining companv. held at the office of the company. Knight block. Provo, Utah. June . 1910. the following reports re-ports were submitted and buslnes traneacted: Shares represented In person 43.545 By Proxy 452 631 H.17i Treasury slock ...122.900 Not represented ...3S0 921 503,821 Capitalization 1 000.000 Necessary to hold meeting. .. .438 551 Treasurer's Report. May 14. 1907 to June C. 1910. Receipts Treasury stock .$23,782.80 Colorado Mining Co., (joint shaft) (5,209.31 Iron Blossom Con. Min. Co, 2,0r.9.84 Sundry 834,00 $32,890.15 Disbursements "Wages $11,650.10 General expenses (supplies and equipment) ... 10.200.28 Cash (balance June 6. 1910).. 11.045.77 $32 Sy6.15 "While there is now In the treasury $11,045.77, the company will soon be obliged to make payment of approximately approxi-mately $1300 to procure patent to its unpatented claims. There remains In the treasury 122 900 shares of stock. Manager's Report. No work has been done In the property prop-erty since August, 1908, when the Colorado Mining company and Iron Blossom oCnKoliduted Mining company com-pany withdrew from sinking the joint shaft which had reached a depth of 405 feet. Since this time the board of directors has not cared to undertake under-take any further development without assistance from these companies. The only other development consists of 28 1 feet of rtrllts. At the election of directors the following fol-lowing were unanimously elected to serve for another year: Jesse Knight. Joseph "Wlrthlin J. William Knight. W. L-ester Mangum, John Houndy. At a subsequent meeting of the board, Jesse Knight was elected president, Joseph Wirthlin, vice president pres-ident and R. E. Allen, secretary and treafurer. The matter of operating the property prop-erty wa sthoroughly discussed, and the board of directors was authorized author-ized and directed to resume development develop-ment independently of any other company. com-pany. A resolution was adopted directing the secretary to mull a brief . report of the proceedings of the meeting, to each stockholder of record R. E. ALLEN Secretary. |