The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-09-24

There was quite a stir in mining cir
cles in this city yesterday when it be
came known that the long deferred ac-
tion of filling the vacancies in the Gey-
ser-Marion directory had at last been
consummated, and. as the makeup Of
the board as it now stands meets with
the hearty COMMUNICATION and approval
Of nearly every one interested IN the
affairs Of the company, the stock of the
corporation Immediately felt the bene-
fetal effect Of the new order Of things
and advanced at least 5 cents in the
bidding On the curb, ana il is predicted
that within two weeks this security
Wall find ready sale al $3.50.
Another pleasing feature connected
with the G0lugS CT the company was
the fact that al the meeting at which
the change was made IN the directory
the regular monthly dividend Of $1,000
Was declared. payable on OCT. L
Yesterday morning the directors OF
the GeyseT- Marion held a meeting and
filed the vacancies in the board caused
by the resignation of Colonel S. I.
Pearson and joseph Smith by the cleo
eion OF Hon. John Dern and Stuart
Stephenson, and when this was done, d
resolution was passed thanking the re-
services during their incumbency.
In the afternoon another meeting Of
the board was held, at which the Tesdg
nation of Hon Theodore Brubeck as
president and director was received and
accepted, and the resignation of this
gentleman was treated with the same
courtesy as was accorded Messrs. Pear
son and Smith after which George Dern
was selected 20 a place on the directory
n Ia a
handed in, his reslnatgion as secretary
OF the company. to take place ON the
first of the month, which was accepted,
and at the election of officers that fol-
lowed, John Dern was named as presi-
dent and general manager, and George
Dera was appointed TO the position as
secretary.
The board of directors of the COM
pany, as now constituted, is as fol-
lows:
John Dern. e. H. Airs, S. B. Miner,
G. R Boutwell, NJ T Osborn, George
Dern ana Stuart Stephenson.
Before the adjournment of the meet
ing a committee was appointed COM
posed of q. II. Airis, George Dern and
III. I. Osborn with instructions 70 au-
dit the books OF the company and tot
make their report to the board on the
lst Of October at which time the office
OF the company win be moved to the
NIercur office in the Mccormick block.
II is generally understood that prior
TO the meeting yesterday Mr.. John Dern
purchased Il large block of Geyser- Ma
ri0n stock II a figure near its market
value. Gnd that several of the officers
OF the company furnished the stock in
order that Mr.. Dern might become Suf-
ficiently interested TO Identify himself
with the organization, much to the sat
isfaction OF his many friends in this
city, with whom. as a thorough gen.
fleTnan and a successful and cOnScien-
tons business man, he stands high.
The long delay d filing the vacancies
in The board has caused considera ole
apprehension in the minds Of Geyser-
Marion stockholders and, as a conSa-
quence, the stock of the company suf-
fered 4 decline; bat now that the at
fa@r IS settled confidence has been re-
stored and the shares OF the company
W3l RON hold their own at something
near their actual value.
IT Is stated that the Geyser- Marion
mine never locked as well before as il
does at the present time, and the furth-
or statement is made that in the lower
levels of the mine a large body of 500
ore has been uncovered. The property
IS IN splendid shape. ia say the least
and with its two mills in constant OBJ
GRAFTON on good grade Of ore, there is
no reason Why the dividends should
NOT come along in their regular order.
The condition Of the mine at the pres
ent time speaks volumes for lis man
2gement in the past and Win the board
now ~ control as much is looked for
fn the futllTe