The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-16
PARK RECORD NOTES.
The Crescent Stockholders Hold
Special Meeting.

6PCS-dl NuSSIluS
A special. meeting of the stockholders
of the Crescent Mining company has
been called for the 2Sth of this month,
for the purpose, as stated in the call
of considering the affairs of the com
! pany in respect to the mortgage and
other Indebtedness of the company, and
/ of providing for. such methods of meet
! ing such Indebtedness, whether by the
/ levy of an assessment by the directors,
! or by borrowing money, or otherwise,
! as may seem feasible, and for the pur-
! pose of deciding what Shall be done
! with the property of the company and
/ OF selling the real and personal prop
/ erty OF the company, if 1t be deemed ad-
! NiSdble, either for cash or in liquidation
of the company's indebtedness. and to
/ transact such other business as may
lawfully and properly come before said
meeting" Mr.. Loofbourow, the score
tary OF the company, was seen yester-
dayand asked as 10 whether the prin-
cipal stockholders had determined
among themselves as to what had best
be done The gentleman he was
quite Sure they had not; that the meet
ing had been called in order to give
every stakeholder an opportunity to be
heard-to give them all q voice in any
action that might be taken What
would be done he was unable to even
surmiSe. It was suggested to him that
perhaps a movement looking to the
early resumption of work on the prop
erty was contemplated by the call, but
he said he was quite positive that all
stockholders were at sea with reference
to what was best to be done, and that
nothing could be known until the meet
ing was held. The meeting is destined
to be a very important ONE, as the
future existence of the company de-
ponds on its action.
CAMP CROSS CUTS.
Foreman Goliath expects that the
Marsac mill Will be ready to close on.
or about t1le 21st inst
If the ore on hand is all worked up,
the Ontario mill will run until about
the first of September.
The Utah Mining & Development
company is prospecting the gold ledge
discovered ON the Constellation ground.
some time since. The company owns
ground adjoining the Constellation and.
the same ledge outcTopS in its ground.
Work is being prosecuted in a shaft
that has now attained a depth of 70
feet. As soon as the ledge is cut. which
is apt to be any day now. sample as
says Will be taken and future work de-
ternined upon.
King and the boys we're made happy
Superintendent Chambers is expected
out Monday to put the finishing touches
on the closing down act at the Ontario
mine.
There has been large demand for
location notices at this office this week,
and prospectors are out in all directions
looking for gold.
Talk of a new strike on the sixteen
b11T1 d1-e9J f0.o.t IF 4
freely indulged at the beginning of the
week. but inquiry failed to substantiate
the rumor.
The Record was informed Wednes-
day last that gold in large quantities
had been discovered at the head of the
south fork of the Provo, but the report
could not be verified.
Seven timber men are still at work in
lie face of the Ontario drain tunnel
Asked if the work would be discontin-
ued. Mr.. Keetley said no; that climber
ing would have to continue to keep the
tunnel in shape.
The force of six men that have been
doing development work at the Putnam
was reduced to two Monday last. Drift
ing back on the ledge from the bottom
Of the incline has been the order of the
day, and this work Will be continued
With the one shift now at work. Mr..
Mont Ferry informed The Record that
the ledge. in the face of the drift.
looked very encouraging.
Robert Bone is preparing to move On
to his property, adjoining the Valeo on
the north. about the first of the month.
He proposes TO erect d cabin. lay in
supplies and work the ground all win
ter. He is very confident that a Win
ter's work viii prove the Bone group
TO be the peer of the Valeo or any other |
pr1pprtV in that section.
Surveyors have been continuing their
work the past week on the hills be-
tween town and the Silver King mine, |
and the impression grows stronger that
they are establishing a grade for a
tramway from the fat below town TO !
that bonanza property. While nothing |
definite can be learned of their purpose, |
the above suYnaise appears TO be not
without reason.
Anent the surveying that is being
done between the King mine and the !
fat below town, The Record is informed |
that the King people are clearing |
ground near the hosting works for the
purpose of grading. While all lips are /
sealed it looks as though preparations /
were being made for the erection of re-
duction works. If this surnise is cor
rect it will add another patch Of bright |
lining TO the gloomy cloud That now en-
velops the town. and Will cause re-
joicing in every heart. /