The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-12-29
Lower Mammoth Stockholders Are
Dissatisfied.
SIMON BAMBERGER ACTS
SENDS OUT LETTER EXPLAINING
SITUATION.
He Claims That the Stock of the Cor
poration has Been Manipulated to
New Directorate Is Proposed
Montana Mining Suit is Decided.

The story which has gained currency
regarding trouble in the management
of the Lower Mammoth, and that an
effort was being made to relieve Harry
Josephs of the SUPPLEMENTARY, is all
shouldered by Simon Bamberger, who,
since the 23rd of the month, has made
it his business 20 mail to every stock
holder of record on the books of the
company the following circular letter:
Believing that change of manage
ment in the Lower Mammoth Mining
company might prove advantageous to
the successful development of the mine,
some of the larger stockholders, prom
inent mining men. and myself have de-
cided TO devote some time and atten-
ton to this property, without expense
TO the company.
I'VE desire to elect a board of direct
ors5 which. trust, will manage the
property in future without criticism.
Should you desire to cooperate with
US, kindly return the enclosed proxy
TO me without delay duly signed and
witnessed. 1 personally own $4,000
Shares"
Mr.. Hamburger stated yesterday that
the purpose behind the movement was
70 secure a board of directors who
S.ould, as far as possible, do what they
could to prevent, rather than abet the
inside manipulation of the stock of the
corporation, and do all in their power
TO make a mine of the property. 1t is
not desi gned to Dust Mr.. Jo5ephs from
the directorate. but to fill it with men
who will not permit such work to be
done in the future as Mr. BaInberger
declares has been done in the past.
The immediate cause for the action
which Mr. Bamberger has Just taken
10Th
leaving for the east, Manager JoSephs
had the directors put Isadore Morris
in charge of the mine, pending his re-
turn. At the time stated. Mr.. Bamber-
ger SAYS a committee consisting OF Sec
retary J. H. Paul and Herman Bam-
berger, both directors, went out with
Mr.. Morris to inspect the mine. On
the 500 level the drift was found so full
of smoke that an inspection was out
of the question. but Manager Morris
assured the committee there was moth
ing TO see.
They went back to their hotel. and
the next morning, in company with MI
Morris, returned to the city. After their
arrival the stock advanced several
points, and the same evening Mr.. Nor
ris telephoned Herman Bamberger that
a big copper strike had been made on
the 900 level of the mine. The manager
is said by Mr.. Bamberger to have con-
fessed that he smoked out the commit
tee for the purpose Of preventing the
strike becoming known until his sons
had secured some stock, and that they
were in the market to get II the gay
the COMMITTEES went to the rhine
Simon Bamberger says he does not
believe in maintaining a management
which will permit such work as that,
and if he secures the proxies he is after,
and he says they are coming In last,
the board which will be elected at the
annual meeting next month will consist
Of Josiah Barnett, Isaac sullivan, Ian
Ctift Harry Josephs, Colonel A. c. Ell
lis John A. Kirby and himself,