Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-11-14
Not Accepted by Bowers Extension
Stockholders.
oLDDIRECroRs REELECTED
prcst Woodward says the Company
Property Gives shares Nalua-
tlon Of Over Twsnty Gents

The minority stockholders In the Joe
nowem Extension Company. who were
marshnled by Hon simon Hamburger
failed TO score noln' nt the stock
holders meeting yesterday afternoon
Mr namhcraor explained bio onioc'
tlohs 20 the policy OF the board In the
settlement or the Durham claim
ngalnbt tho Esteiii holding that 90
the property had been sold 90 the com
pany by Mcasra. smlnnga and llodson'
they should be required TO perfect the
title.
Tho "innurgcnt' resolution. calling
Cor the election Of throo gentlemen
named by the dissatisfied element, as
directors. was introduced and laid upon
the table. where It remained. the old
board being elected without oppoaition'
an follows. Joseph Lippmnu. r. n.
Druchl % y Woodward. } o.. IcnninFa
and n. 4. Wilson. The minority ala
not vote and Mr.. Wilson held back the
vote on 1900 Shares. in order that the
point no to the legality N voting TIE
stock issued In settlement ~ the Hum
ham claim could not be- questioned.
fu view ~ the great interest aroused
10y the contest made by Mr bnmherg"r
and hia associates. the following cA-
crpia from the report of PRECEDENT %. II.
Woodward are given
The company was Incorporated Nov.
seth. isqs. with J. r. u1dann. SECRETARY
aud treasurer J. No. ktullinra, v A.
keytc. Frank u. Wilson. Nicns president,
and myself na directors on the 9TH Gay
uf January. 1899. j n llulrln rendered
hlH resignation and D. A nruchl our
present secretary uud treasurer was
elected to nll the vacancy. ON The iFth
dny OF August. 1893. j. No. stnlinrH ten.
derod hlH resignation aH director ana
James a. ipnnlnva was elected 90 nll
The vacancy The board ~ directors
have always been harmonious and have
duno their utmost 10 make the Joe
Bowers Extension the beat managed
mine Va tho district uH Co our success
or failure that u Cor you 60 Judge
The property Of the company consists
of seven lode mining claims tuwit
'ruWnHitr." "lllnd Lode" blind Lode
/ No. 2 Great Eastern" iva" and
Glendale patented claims, and th0
"Eatella" which. until the last thirty
days, We hive been unable 90 got IN
shane TO patent. references uf which
| win BE- made 10 this later on. Al claims
were decided 10 the company and we
/ have avoided an bonds etc. which
/ have been tho hindcuauce of most In.
corporations
We Justly estimate the value ~ out
I ground az $1,000 per claim, which u
far below tho actual value. making d
valuation Of the ground. seven claims
/ 10000.
The value ~ machinery. tunnellnr
| and other work brings the total value
/ " the comnany'a property up 10 ii0i.
! 20. and Mr. Woodward says 1--WE clhlu
i A.. 81
Z valuation % 70 cents share on oul
entire capitalization" Continuing th'
| report states,
During the month Of September. Str
! DruchL our secretary and treasurer
went East and under and hy thr udyi1
u our aiiorre.a aud on behalf % th
company met Burnhnm Bros. and sue
cseded IN getting them 90 ugroo viii
uH iu settlement 90 our difference
ON the "iHtclla' lode claim, which vet
tlement was ratified by The board %
directors nt the DOT meeting thereafter
our Attorney y. u. u. Thompson am
Dickson, Ellis y EllIA have done thci
work we'll, and there "a much credit du
them ln getting patents through an
Tor the nmlchhlo settlement OF dlfof
| gncnH ou rho "Eatelll."
A word uH 90 the outlook 81 the prop
crt.s We have 90 lnHt q vein of mill
Inc Orr on what We call the so0-fo0
! lHHnl ~ lNHl ~ MlNlNt NhlnnlnN ore NN
/ come in now and then, but not In sun
Client qunntitira Tor shipping purpose
We have "a station cut az the i00-fna
level. and at grcFont we are crofF.cul
| TIM 90 the Neln and from all rxper
cuce had in the district. we have sun
Client depth Tor good ore bodies.
II now simply requires following m
vein 10 The ore ohmncyu and who
once In shape with our depth and fact
ltieH for handling ore entirely from b,
low, the cost m extraction VIII be-
reduced, that u VIII De- possible for 4
20 yet na near tho value OF our ORE O
can be had by any mine IN the dll
trict.
ON the "Ertclln" we have had ore
sight but did not think Il advisable
commence extraction until such time
o. settlement had been made with hun
ham liruE, and now We feol conndel
that sttor the present Assessment nr
one NOR, has been paid In There wi
be- no more nafOHsmcuta required. M
u may be the case that one VIII be sun
| Clent
Seer itnry Druchrs report Tor the yrt
shows expenditures amounting t0 fel
iOs75. with rccuInts balancing tho tot
and outftnnoir. debts % f3.i0it2.
-s-r--
SIN FRiGurTuL FAILURES.