Show 94 a 0 11 of opposed to merger with other companies A circular letter was sent out to the stockholders ot of the park utah the past week signed by george D blood and W M cransford Bran Drans stord ford which bays ays in part at a special meeting ol of the board of it directors ot of park utah mining company kompany om pany held march 1924 a majority ot of the board rosenbaum lambourne hunt and fox voted to repeal that provision of f the bylaws by laws which permitted cumulative voting in the election ot of members of the board at annual meetings ot of stockholders blood and bransford Bran stord voted to retain cumulative voting as a protection to 0 o minority stockholders A proposed merger ot of your company with several other companies operating in the park city district has been under consideration in the opinion of mr air blood under whose engineering advice park utah mining alining company was organized with whose operation cooperation co it was financed under whose plans and management all ot of the underground development was conducted up to june last most any merger ot of your mine wie with the old mines of atthe the district would be prejudicial to your interests as stockholders of 0 park utah mining company however advantageous such a merger might be to those who happen to be large stockholders in those old mines should a proposal lor for merger come up at the meeting in june or should a special meeting of stockholders be called to consider any merger the undersigned undersigner under signed will undertake to safeguard the interests of park utah mining alining company as opposed to any other company with which it may be proposed to t 0 merge we are advised by our attorneys that an affirmative vote of two thirds of all stock issued and outstanding Is necessary in order to make such merger effective it is all oft off it is stated tha that that the recently rumored deal involving the sale of control of the silver king coalition at park city to international smelt ing interests is all oft off how it comes that the deal is all off when such str strenuous tenuous denial was made that it was not on has not been explained pla ined nd it pla ined and it does not appear that an explanation is necessary particularly ticul arly when it Is understood that the new ore bodies recently opened on the 1600 foot level of 0 that bonanza mine are producing at a clip that would pay out the rumored price 1 e of 6 5 a share possibly within a year the mine now is heading the list of park city producers notwithstanding the heavy output being maintained by other shippers of the district salt lake mining review SATURDAY new quincy at 2 acts MONDAY keystone at 65 64 acts TUESDAY Park bingham at 7 acts WEDNESDAY new quincy 2000 2000 at 1 34 3 4 acts park bingham 1500 at 6 12 1 2 acts king consolidated at 49 50 ats THURSDAY park bingham at 6 5 12 1 2 acts king consolidated at 44 acts king coalition at daly at keystone rt nt 63 64 crosscuts Cros Cross cuts W S mcclelland superintendent of the park binhlam Binh Dinh gam was over to the park monday of this week on his way to salt lake city the gentleman reports conditions as very favorable at his property and is convinced before the summer is over the park bingham Ding haid will be among the regular shippers of this district superintendent mathez returned to salt lake monday afternoon after abrien a brief visit of inspection at the three kings the gentleman had nothing of special import to give out tor for publication but said work was pro gresi aig very satisfactory under the capable direction of fore foreman in an john berg no particular change is expected until after the shaft is de watered and developments prosecuted from the level monday last mr newton dunyon ended his connection with the ontario silver mining company atter after valuable services for more than thirty years tuesday afternoon the gentleman cent leman left tor for salt lake city there to onen an office as consulting cons ultine mining engineer and from that point visit properties and direct work wherever his services are required while he will be missed from the community where he hits has been operating for so many years his many friends blends wish tor for him every success la the work with which he Is so familiar m that of mining ire he will make semimonthly semi monthly visits to park city to inspect and direct work at the park standard which it la Is hoped one of 0 these days will require his bis entire attention superintendent harry wallace assumed authority at the ontario workings tuesday ot of this week anil and has his coat ott oft planning and mapping out the big things contemplated lor for this old time producer which Is already out ot of its toddling clothes and stepping right along on its regeneration to greater productivity and larger dividend distribution than ever before in its history and that is 13 going some after its record of more than fifteen millions to lucky stockholders and harry wallace is just the man to keep it going forward to the goal ot of unprecedented success tor for those who are no now la in control ot of the property bore rore foreman an con oneil ot of the silver king coalition returned yesterday from salt lake where he had been enjoying a few days with his family just a pleasant smile when asked it if there was anything new at the big property he is helping in making bigger all the time construction work was commenced this morning on test mill ot of the 1 P C al S company in empire r canyon anyon Aless rs lon lyon and paul billingsley billing ing sley representatives ot of the international smelting smelling Sm elting company oame came up from salt lake yesterday morning and are busy digging in at the big producers getting facts and figures tor for future use the record again reminds its readers that there are hig big things ahead for this famed raining mining district mrs lyon accompanied her husband on this visit to the park the rio grande train this after noon was loaded to the guards with conference folks among the active L D S folks were noticed mr air and mrs airs W R jefford Jel tord mr and mrs J P E johnson mrs chloe tuggle mr and mrs henry stoven mrs chris stoven C J peterson mrs joe willes and perhaps more shipments ae park utah king coalition P C al M S co and daly keystone total |