The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-03
THE MAMMOTH MEETING.
Splendid Report on the Showing in
This Magnificent Property.

The annual stockholders meeting Of
the Mammoth Mining company wa:
held in this city yesterday in the com
pany's office in the Atlas block, 222,-
2S9 out of the 100000 shares of the in
corporation being represented.
AS a result of the meeting the fol
lowing board of directors was elected
to serve for the ensuing year:
William McIntire, ]. E. Cunning
ham, Sam McIntire, James T. Little
H. S. Young and w. W. Ritter.
Upon the organization of the board
after the meeting, the following named
officers were elected:
William McIntire, president; J. A
Cunningham. president; II. S
Young, treasurer; and j. F. Corker,
secretary.
At the election of the board of di-
rectors the minority stockholders
voted for DR.. David Kennedy of New
York and w. M. Bradley of this city
for positions on the board.
The report of the treasurer exhibited
the fact that the gross output of thN
mine and the mill for the year had
been $474, 900, and that the net receipts
had been S1S5, 900, of which 100000 had
been expended in the payment of divi-
dends, while the balance had been paid
out in the purchase of new hoist for
the mine, in sinking the shaft to the
300-foot level, in the addition of 20
stamps to the mill, in improving the
water system and in other improve
ments, leaving comfortable balance
in the treasury.
The report also showed that in the
operation of the 4O-stamp mill the
output from the same had netted the
company Sc to the ton; and that the
20 additional stamps, which have been
in operation but few months on lead
ores, had been treating the same at a
net profit of SO a ton, and that the
enlarged plant of 60 stamps, with its
vanners and concentrators, was now
running in a most satisfactory man
ner
In the report submitted by Superin-
tendent Nesbit it was shown that a
two months had been devoted to The
development of the property and in
making improvements.
In this report it was stated that
work had just begun in the sinking of
the shaft from the 1900 to the 1000
levels, and that it was the intention
when the last named level was reached
to drift east to connect with the winze
which has just been completed to the
1000. where the showing of ore is
greater than has been the case in any
portion of the mine for the past year,
and especially so as to milling ore, al
though on this level there are fine
bodies of shipping ore exposed
The report of Mr.. Nesbit also stated
that with the Wine from the 1900
level, and by means of levels run
every hundred feet down to the 1000.
he had demonstrated the extent and
permanency of the ore deposit the en-
tire distance, and also that on the
1,600 the bodies of gold and lead were
as strong and as permanent as had
been disclosed in the upper workings.
and that the showing for the proper
ty was most encouraging.
In the report it was also stated
that when the main shaft was com
pleted and the new hoist was in place
he would be in position to materially
increase the output of milling and
shipping ore, and it is said that when
these improvements are completed the
company will be able to work a force
of 1.200 men in ore.
The stockholders who were present
at the meeting were we'll pleased WIFI
the reports made, and are satisfied
that with the coming year the mine
will make an excellent record for A.