The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-27
President Lammersdorf Buys In
1882 Shares.
TROUBLES REACH AN END
STORY OF ROWS IN MINES MAN
AGEMENT.
President Sold a Big Block Around
60 Cents and Gets 1t Back With
More On a Accent Assessment
Declares An Attempt Was Made
to Squeeze Him.

The troubles of the Sewer Gold Min
ing company, which have been a source
of great annoyance and expense to the
management for the past two years,
We're brought to an end yesterday az
ternoon, when the president of the COM
pany. Charles Lammersdorf, bought IN
us, 432 out of the 122, 1872 shares which
were sold to pay the delinquent assess
ment of cents share.
The story of the trouble and its final
settlement is an interesting one, ana
Mr. Lammersdorf expressed himself
as being more than pleased with the
success he had attained in the fight.
About two years ago Mr.. hammers
dorf sold 1888 shares of Sewer stock
to a syndicate represented by Z. Z.
Parsons as trustee, for $41, GOO; Skin
mish was then made on the outside and
the holders of the 6S, 1888 shares rustled
enough more to run the amount up to
10, 432 shares. Then the trouble began.
Lammersdorf and his associates were
deposed as officers, and, in the language
of the street, they proposed Ito twist
the Dutchman round their little fin
gers But Lammersdorf wouldn't twist
worth a cent He took part of the
$41, 900 and after a little rustling got
hold of enough scattering stock to
again install himself in power Then
came a series of injunctionS, restrain
ing orders and suits of different kinds,
which have kept the pot boiling ever
since.
Finally, Mr.. Lammersdorf says, the
opposition began quarreling among
themselves on questions touching the
ownership of the stock and other mat
ters which he felt incapable of explain
ing. An assessment of 4 cents a share
was levied, and three weeks ago it be-
came delinquent and subject to sale,
but at the request of the opposition,
and to show them how magnanimous
he was, he had the sale postponed until
Wednesday last. On that day two
days additional time was asked for,
and he granted that, but yesterday
when the opposition showed no signs
of getting together and paying the as
sessment, the stock was sold.
The Sewer mine is one of the best
known and richest gold mines in Utah.
1t is located on the north side of Mount
Badly in the Gold Mountain mining dis
trict, and has been in operation since
1892. The mine has been thoroughly
developed. and has, at the present time,
mountains of ore exposed in the work.
ings, which runs from So to $14 ton.
I'VE could run the ten-stamp mill,
which is located at the mine, for
twenty years, SAID Mr.. LammerSdOrf,
land then not make a decent hole in the
ore bodies"
During all the troubles connected with
the property, Mr.. Lammersdorf has
kept the mine in repair, completed the
bitches which were being dug to sup
ply the mill and mine with good water,
met the expenses of litigation, and has
done everything necessary to keep the
property in shape to commence opera
lions and the payment of dividends in
short order.
AS soon as 1 can settle up my bust
ness here Mr.. Lammersdorf said, Il
shall return to the property and start
work with a force of fifty men or more.
1t is also my intention to increase the
capacity of the mill and put in a leach
ing plant to work the tailings dump
From the accumulated tailingS alone |
expect to make a clean profit of SIS, 900.
to say nothing of the benefit it will be
in working the ores of the mine in the
future"
will you sell the property?" Mr.
Lammersdorf was asked.
Well said he, maybe I will some
day, but first 1 am going to open the
mine and get things in good running or
der. Then, if somebody wants the
property worse than they want the
money L shall ask for it. why. of course,
j shall let it go. AS yet, however. 1
have made no one a price and have no
present intention of doing so.''