The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-10-23

AS was stated in The Herald yesoef-
day morning would be the case ths
great n-Copperopolis Damage
and eiectment suit has been settled
without the aid of the courts, and the
result will be the extensive deVefopliie'i'
of both of the splendid properties,
which have been kept back by the
cornplications which arose over the al
legged extraction of Champiain ores at
the hands of the owners Of Ire Copper
opolis. A new com3Iry. urder the
name of the Ajax Mining company, mas
been organized and will ABSORB he con-
tending interests. Both VI the mines
are to be worked through The copper
syoolis shaft and the @XS"a I'll on ol orc
is to commence at once. Inc nlehipT "a
of the new company are ALREADY .ain.
ing Of erecting concentrate IL.
will treat the second-class ores Oh Inc
properties. and it is highly propaole
that this improvement will be mace;
The courts were to commence the
grind of the case yesterday morning.
and both sides had prepared a great
mass of expert testimony. Several par
ties of experts had inspected the prop
critics and were ready to give unelt
.,ninions on the questions at issue, put
..tfe warning factions got together and
fhropositions. which finally carried the
Hdav were submitted 1t will be re-
menlbarsAd that the owners OF the COP
i peropolis sued the Champaign people
Nor Sc, 600 damages, said to have been
~ssustained through the latter extracting
ore from within the lines of the Cop
peropolis. and asked for a permanent
restraining order. The other sue then
SHE'D its castor into the ring and sued,
on cross-complaint, for 100000 on the
same grounds, and also asked for 2,
permanent restraining order. When
the case was first called, the court
granted a temporary restraining order
in favor of the Chalnplain and the final
hearing was set, but afterwards con-
tinued a number Of times. Although
the interested parties refused to give
the amount of consideration to the
representatives of the press. 1T is said
on first-class authority that the settle
ment involved only the amount of the
suit. Mr.. Ryan, attorney for a number
of the Champlain owners, is said to
have objected to the settlement and
tsigned under protest. Under the pro-
Visions of the agreement, the Cham
plain people take the Copperopolis. in
Guiding the hosting plant and the in
terest i'll the East Tintic railway. AS
is very generally known, the Copper
opolis was owned by the Salt Lake City
Copper Manufacturing company, and
out of il considerable of the ore now
stored at the copper plant was taken.
After all the papers in the settlement
mad been signed Yesterday afternoon,
the new owners held a, meeting in the
directors room of the National Bank of
the Republic and there organized the
AJAX Mining company, with a capital
stock of SS,0O000O divided into 300, 900
shares Of the par value of SO. The in
corporators are Henry NJ. Ryan, Frank
Knox, w. L. Snyder, Henry Shields,
Peter Burke and ]. T. Sullivan. Of
these gentlemen, Mr.. Knox is presi-
dent and treasurer of the company;
MIR. Shields, vice-president; Mr. Sny-
der, secretary. And these, with Mr..
Ryan and Mr.. Sullivan added, consti-
tute the board of directors.
AS before mentioned, it is the inten-
ton of the company to, in the near
Tuture' put in a concentration of suffi-
Gent capacity to treat all of the second
class ores.