Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-10-14
Management for Beaver County
Properties Vested in Committee
Of Six for Five Years.
PLAN ADOPTED BY DIRECTORS.
President MucklOw and Associates
Unanimous in Faycr of Proposition.
Stock to be Placed in Pool.

ers OF the Majestic Copper Mining 4
smelling company has been apparent,
oeen smoothed over to the satisfaction
= OF all concerned.
Al meeting Of the board Of directors
. oil the company, held on the Goth nit
!, oy a unanimous vote, nominated and
appointed voting trust committee
, consisting OF six prominent nnanclers
. OF the east the personnel of which IS.
george Il Keith, Brocton, Mass; Har-
d. mon u Howe, Hartford Conn; Howard
g. Bradley Cleveland, Ohio. q
Lopmls, New York city: James IT
sNnlsht Hartford Conn; Chas. r.
street New York City.
ms action was taken after tho al.
,Htors mad been In conference Win
m'ssrs' Loomis, Knight and Street. al
us latters Office in New York Tbe
ollGers ana directors have agreed ia de-
post tnelf STOCK with this committees
unuer pool arrangement and each of
~ ~ stockholders Is expected to further
,no ii,ii'ol,sts OF the corporation by do
ing likewise The power is wasted viii
.he committee mentioned To elect tbo
"mnagement for the next five yenrs
Ihe fiscal agents of the connanv
human Muckow & Bosom. OF Hart.
l1utu, conn, nave issued n circular nd.
ureSseu to the stockholders. beorlnp
sne GATE OF the 9th inst, in which ne
loioWing Is contained.
a. siVes US much pleasure to inform
nc S'ockholders Of the Majestic com
c,,roa in"l united action has been SO.
,na VpNhg 10 the nuccessful nnanc-
| n's OF inc company ana ON ths ~,
| llilfN Wnlqn T@''fN
tude OF the various mines cues u
| YOU we know OF no one who 49,
eiuhs Tor a moment the great vaIuo =,
| ~, properties, but. as Won arc or,aso
nds ueen a serious problem ~ soo,,r.
HnpIe FUNDS To develop and ao,tn -,
nutaheously several large n,,nas 81,
omneu py the Majestic companv al
a, CO. 90 erect and pay for a 6rst'cIass
, niting plant. This Difficulty vas
h ,,uVn aggravated by reason of The mar
m nv t%nu't'ons prevailing the past four
The present officers ana d,roo.
oSins INTO active management ~ 'V V.iS
Va huy last, and have had ram. ~"
s 10 straighten out and nerntayi,.
plpoiems 10 solve. In addition 10 ,S LIS /
m-nclai needs which have beer 'g m
p pa,,s on account OF the unusual es
nnoro attendant on getting ready "a
,his 40, Wy SHeIllhg plant; but IN IN |
tbo W .ney nave met all obligations
Wy company and have contin,ied ~
ueVeiopments on an extensive soei ties
nas; however become moro ma -, ~
obvious that the developnent 'We
farlous mines should be pushed ~"
,arser scale than heretofore In go
Iat greater depth may be rea cbed on,
iiah,ser bodies OF ore blocked out. and
.,eIeIore; the whole question of tho ~
;taai, the Majestic company resolved
i'S ,,, INTO financial one.
The Meiestic company 10 ., ,
magnitude that It has PUSHED o,, .uuh
pouy connected with IL to the Iini, y,
iap"SuS 10 Keep IN with Its growth
iH elements OF strength are unnnon
IeuVu put us weaknesses arc like thos.
%, Young giant growing foster than
~ Guardians can provide food ana
lining IN adequate quantities, and r.
AVA oiie settled conviction that In
uIp"r 10 bring this pronosition 10 ,. |
highest productive capacity mora oy s
carried out. must De
with this object In view. your hoar,
vi directors have had several confor.
ences, and have established cordial -.
,,utlohs WIN prominent fnanciers who
naVe volunteered their assistance in on.
,IsoNpruns 10 nnance the compav nm
~, ?"u ines, mus hastening forward the
enterprise TO the dividend pnvino nos
100 These conferences have roe,lto5
ln absolutely unanimous action bv
Wnlcn Sly gentlemen are constituted H.
10 votlng-trust committee for tbreo !
PURPOSES, namely; '"''c
flrst--'To secure permanencv 90
management for I'VE years throuph
conlrollng a majority Of the canItoI
STOCK OF the COMPANY !
Second do,.t., 49,,
wise plans for furnishing the necessary
additional capital
Thlrd-'To work In harmony and N.
ohcthte with the present manooor,o,. |
pt me Majestic company TO bring nbout :
me FORCING purposes '''"'
y, rms committee Is not only non-nor
liSan IN every sense Of tho vel INT \
Nv "re nC1 or established reputation
wa integrity, and we believe tbern ~ \
BE- obundantlv able to sec,lre tbo oId, ~
lonal FUNDS needed and IN the visest G.
manner and upon the best tar,ns Tn, :
WV work IN the interests of all stock
luluerS, ana we believe bring tho high
'st possible success TO the company
rms committee Is heartily endorsed
~ all tne oIIcers and directors of mo
nHaJesuc company who have pledged =.
,,vi,selVes 70 deposit their stock in tho
l"nus OF these gentlemen immedlata-
y representing. as we do. over ooo
tockhoders who have Invested tLoi,
loney In the Majestic company throueb s
~ we need scarcely say we have zeal.
usly looked into this matter SO as IN -
observe the interests Of all our clionts
M we are perfectly satisfied that ev.
Iyohe VIII he safe 10 deposit his stock
, accordance with tho enclosed, agree
lent, SO that there shall be vested In
lls Noung-trust committee tho mower
D eject the management FOR tho navt
We years. We shall denosl, our stocl
lth them and recommend Won with
VIZ my hesitnncv TO do the same.
EVERY stakeholder viii receive I'm ev-
NANCE FOR this stock n neeotlohle cor.
hcate. SO that the stock can DO SOFIA
[, transferred just the same as n the
'tlh'l certificate was held"
FROM MANAGER ALEXANDER K
Manager Alexander was asked nv n
n W. representative this morning L
il'r 10 the men COMPRISING the /
Nmiiiee and he replied "The erst
Wcn ON this voting committee nrc /
clors of ihe Majestic Conner Min
. 'ni smelling company. ana Tho
o'f thrce are among me nhlost ami
'' con 'plcuous bankers and nnon.
'ls ~ this country Tho nttar ven
men nave become committed to'ond
eply Interested In the financial re II
Ilrements OF the Majestic companv roo
conjunction with It's officers and Al plai
c'ors, aiter careful and full discus ihes