The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-06-10

The storm clouds which have been
hanging over the camp of the Nam
moth Mining company for the past
few weeks have broken at last, and
although the downpour was unaccOm-
panied by lightning or thunder, the
work of the directory installed at the
late election held by the company has
been wrecked and shattered, and the
old order of things has been virtually
restored
Herald readers are familiar with the
= history of the recent Mammoth stock
holders meeting, when J. A. Cunning
ham voted the Goodhart proxy which
had been given Jointly to William Nc
Intyre and himself; and they also know
that there has been much specula ton
since as to the validity of the election.
and they are aware of the arrival of
Mr. .Geodhart from London a few days
ago.
Since Mr.. Goodharts return to Salt
Lake information regarding his in
tended action in the matter ~ the
Mammoth election has been Withheld
from the public, and his opinions in the
premises have been zeaIously guarded
The impression prevailed in mining cir
Giles, however, that this prolonged ST
lence was only the calm that preceded
still the public was hardly ready for
the announcement which was quietly.
given cut yesterday to the effect that
an agreement had been reached, and
that the old order of things was to be
restored.
Although the report is not officially
confirmed, it comes from the inside
that when a consultation had been held
between Mr.. Coodhart and Messrs.
Cunningham and VIII and Sam McIn-
tyre. il was agreed that the question
OF the legality of the election referred
to be left to a firm Of well known law
yerS of this city, their decision to be
final, and to be accepted by all con-
cerned. This decision, it is stated. has
been rendered, being to the effect that
the election was faulty. and as q result,
Sam Mcintyre has been deposed from
the presidency Of the company, Will
Mcintyre has been reinstated to this
position, while the old board of direc-
tors has been reinstalled, and this old
board is to hold meeting tomorrow
for the transaction OF business, a pOr-
ton of which will be to confirm the re-
instatement of Will Mcintyre as pres
ident of the company.
1t is also. most likely that the board |
will take action in relation to the COM |
Pany boarding house, which, IN all |
probability, will have to go. as it is an
OIGIlSoc anu Ill dDOIlilildllOIl III the Gy Is |
of Mr.. Goodhart, who, with his Eng !
1ish ideas on such things, is very de- |
cided in the matter, and on this sub |
ject he has the endorsement of a large |
portion of the inhabitants of Tintic |
district.
What effect the decision above allud- |!
ed 20 and the retention OF the old man |
agemenE and directory Will have on the |
stock of the company, it is difficult to |
predict, although it is a safe guess that |
if all acquiesce in the decision and /
abide by its findings marked advances
will be noted in the stock in the near
future. On the other hand, if a kick
is made by the members of the new
board and its management, and the
matter is taken into the courts, the
shares of the company will doubtless
go still lower.
1t is understood that the Mammoth
mine is in splendid condition, and that
in its workings magnificent bodies of
ore are exposed, and it is generally un-
derstoOd that with harmony in the di-
recuorate OF the organization its capital
stock viii command much higher fig
ures than it does at the present time.