The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-11-14
BOWERS EXTENSION MEETING.
Stockholders Sustain the Board of
Directors.

Contrary to expectations the annual
Stockholders meeting of the Joe Bow
ers Extension Mining company held
Yesterday afternoon in the D. F. Walk
er building, produced no new sensa-
tons. The company's office was
thronged with shareholders some little
time before the meeting was called to
order by Vice President F. E. Wilson.
1t was apparent from the start that
large majority of the stock present
would be voted in support of the board
of directors which has directed the
company's affairs during the past year
Everything went along tremendously
until after the reading of the reports
of the president and secretary Then
Mr.. Bamberger was allowed the floor
whereupon he stated briefly what had
taken place at the informal meeting of
the stockholders who We're dissatisfied
with the management of the mine dur
ing the year just closed. He expressed
the opinion that the directors had done
some things Illegally and which would
not stand the test Of law. He believed
the directors had no right to appropri-
ate any OF the company's funds to buy
in its own stock, as had been done
last spring. Mr.. Bamberger brought up
the matter of salaries and thought the
services of the secretary were not worth
500 per month. Speaking of the set
Element of the claim of Burnham Bro
theirs, in the matter of the title to the
EStella claim. Mr.. Bamberger said he
had understood that when the company
bought out the interests of John T.
Hodson and j. II. Stallings, in the
group. that they also gave the company
a clear title to the Estella claim If
anyone should fix up the trouble over
the title to the claim he thought it
should be Hodson and Stallings and not
the company.
AT the conclusion of Mr.. Bamberger's
remarks he offered the following reso-
luton:
Whereas, The board of directors of
this company has been assessing the
stockholders to pay for the title to GER
tain property of the company, convey
ed to saiG company by j. T. Hodson
and ]. H StailingS and for which
ground the said Hodson and Stallings
received full consideration in paid up
stock,
Therefore, Be it resolved, that the
directors of this company are hereby
directed tc commence suit against the
said Hodson and Stallings, the vendors
of the Estella claim, to this company
to compel them to make good the title
so conveyed, together with any expen-
ses and damages incurred by this COM
pany by reason of such failure of title"
The resolution was, by vote of the
stockholders, referred to the board of
directors with instructions TO have the
company's- attorneys look into the mat
ter
Mr.. Bamberger also presented a reso-
luton passed at the ''insurgent" meet
ing last Saturday, asking for the Sc
lection of John A. Kirby, H. G. Nc
Millen and James A. Brown as mem
bers of the board of directors, which
was laid upon the table.
Mr.. Bamberger then retired from the
planned that Messrs. HodSon and Stall |
lisgs had only given the company a
quit claim deed TO the Estella claim, !
and that it was only on the advice of !
the company's attorneys that the set
Element of the Durham dispute was
made He believed that when Mr.. |
Druehl settled up the trouble he had
saved the company an expense of sew |
eral thousand dollars.
When it came to the election of d. |
rectors for the ensuing year Joseph |
Iippn1an- f. A. Druehl, B. f. Wood
ward. James z. Jennings and F. E |
Wilson received the votes of 227. 900 |
italization of 100000 shares. The mi
nority refrained from participation in |
the election. T. Z. Wilson also refused |
to vote 1000 shares of stock in his
name. representing 1000 shares more
than the amount issued in settlement
IF the BErnlam clalfn- Mi. WllSOnfS |
ailure to vote the stock was merely to
give the minority no opportunity TO
question the legality of the transfer to
the Burnham crowd.
IA committee consisting of c. E. Hud-
son. A. W. AIountenay and F. l. Gun
nell was appointed to examine the
cenpany's books and report at a fu-
ture time.
vote of thanks was rendered the
old board of directors-which remains
for another year-and the
action taken in the Burnhsm matter
was approved.
III. the report submitted by Secretary
and Treasurer Druehl it was shown
hat the receipts during the year from
The sale of treasury stock was S7,S57.25;
ass,ssmenfs. s13,55923; other sources,
Including 500 overdraft, S1.692.27. The
tofal disbursements during the same
period were S22, 10s.75. The outstanding
Indebtedness. according to Mr.. DruehPs
reports. is sS.10l.12.
In his report President Woodward
placed the valuation of the seven
claims owned by the company at S70,-
ZOO He places the valuation on i'm
equipment. etc. at S34,-
rs. "a. making a total of si04, 1924.
Mr.. Woodward reports there is a vein
n milling ore OH the 300 level, but not
IA sufTicient quantities for shipping
purposes. A station has been cut on