The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-28

Receiver Humphreys, of the hex
Mines and Smelter company. did not
make a very good showing in his first
report to the court of the operation
of the smelter at bennington, which
was filed yesterday afternoon. 1t VIII
be considered on Monday. Instead OF
the promised profits there is really
deficit of $l,23420. This condition OF
affairs is explained by the receiver IN
the statement that the Horn Silver did
not accord him fair treatment and
euchered him out Of S2.S69.96 through
its assays and short weights With
this latter amount added TO the earn
ings of the plant, the receiver says he
would have $1135.76 as profits on the
workings of the plant up TO July -.
He has but $500 in the bank and
there are claims yet unpaid.
This claim against the Horn Silver is
Simply laughed at by the management
of the company, a general denial being
entered against the statement of the
receiver 1t looks very much like an
attempt on the part of the latter to
make a goOd showing, or what ne
thinks is a good showing, even at the
risk of being somewhat off. W nen
asked why he did not check the as
says and samples, Mr.. Humphreys dld
flot give d satisfactory answer. lie
foid no checking yet pretendS TO give
the exact amount of The shortage
This ma tier will receive attention AT
the hands of the proper parties.
The showing made in the report did
not give satisfac tiOn TO the creditors
of the company and it IS not at ali
unlikely that a move for the removal
no a .
In his official return TO the court the
receiver sets out as follows:
Possession of the property of the
company was secured by him on May
II. 1895. and labor claims amounting to
S111O6.44 have been presented and also
a claim for the hauling and mining Of
lime rock amounting to 81, 402.64.
The Operation of the plant since the
receiver took possession shows 4 loss
Of 81 234 20. which the receiver ac-
counts for by stating the Horn Silver
Aiming company has overcnarged to the
>Amount of s.. 1896 for ores purchased
&S-om that company Adding this
amount TO the earnings, as the re-
ce5ver says should be done, would
show a profit up TO July - of $1,155.I6
1t is stated in the report that there
is on hand 81 500 worth of Horn Silver
ore. which the receiver has refused to
pay for until the oVercharge mentioned
IS TEEIlleu. II no dLlltdDlC SCtlltllltill
can be arrived at it will result in the
Horn Silve~ refusing to supply the
ores, and without these ores the smell
ter cannot run. The receiver is of the
opinion that if the Horn Silver ores
can be got at fair price and in suf-
fcient quantities, the smelter can be
operated at d profit of $50 to 500
day.
Smelter men say the thing cannot
he done under existing circumstances
The shelter is still operating.
Sues For Foreclosure.
Having tired Of the present condition
Of affairs, W S. Mccormick yesterday
sued for the foreclosure of the $4,000
mortgage held by him against the
plano at bennington. The papers
were filed in the district court by At
torney Pierce during the afternoon and
. included answers to the suits in in
1ervention fled by the Sierra Nevada
Z Lumber company and the employees
Of the company. Both of these claim
ants held that their claims were prior
to any others against the company
and this -dr. Mccormick, in his answer
and cross complaint, denies. This suit
will be pressed and it is not at all i'm
probable that the works will yet be
sold under foreclosure.