| Show alina I CROOKS TO UBE great interest shown at meeting of stockholders held in salina saturday the P possibility DS sivility lity of shipping ole oie from the mine of the salina lead zinc co in ninety days aroused enthusiasm thusia sm of neaily a hundred stockholders and interested citizens who attended a meeting called by the company and held in the salina first waid chapel friday afternoon the shaft at the mine is now sunk to the depth of feet and E F B daude consulting engineer for the company stated that by the time the foot level is reached the company could commence comi nence shipping ore this level if proper progress is is made should be reached in about ninety days mayor merrill gave the opening address at the meeting and urged the local people to support the company a aa he firmly believed it to be the biggest asset the community could have mr air daude then outlined the work a accomplished shed and just what the development of the mine would mean to the locality stating that in the past six months lie he has hat had occasion to observe conditions in salina and surroundings and that the resources are among the most favorable lie he has seen in the state he went on to say that the salina load lead zinc mine starting from a mere prospect has bas developed into a great possibility that shipments could be made bioni the ore bodies already encountered but that the expense at this stage of development of the mine would be too great and consequently the company could not yet afford to 10 ship ore mr daude stated tho that 1 t there was also a large deposit of f silica sand present on the mine property which was very valuable he estimated mated that there over ten million tons of the sand but in this too atoo the companas comp anys hands are tied by lack of finances to make money one must first spend money lie he stated and although the salina lead zinc co is is out of debt there is at much preparation to be done before the company can feel safe in undertaking a large contract with the smelters shelters sm elters he stated that about would be required to develop I 1 the mine to the foot level when shipping of ore would commence the secretary of the company reported that there are shares of stock in the treasury and from this amount shares have been set aside to sell to obtain the money to complete the development pro gram it is only natural that thel company wants to keep this stock in the hands of the local people andi and urged their support in keeping for I 1 I 1 sevier county the benefits to be derived from froin the mine consequently the stock was placed at 25 cents a share until the of the month after that late date sale at that price 1 ceased the shares then selling for fifty cents or more 1 mr air daude explained at the meeting that bringing financial aid aiom I 1 outside the diste ct would greatly lessen lesen the value of t the be property to the locality the company wants j the mine to develop salina and se 1 vier county and it can best do that by keeping the stock in the hands bands of men in this part of the country men who have the interest and development of the district distria at heart after the meeting mr daude answered questions asked by men in the audience cle clearing aring up ni many anything ahinga for them |
