Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-01-12
The Annual Meetings Held Yes
terday Afternoon Passed Of
Quite HarmOniously.
JAMES CHAPMAN WAS RETIRED
From Board of Directors Of the For
mer Simon Bambergsr, W. S. Nc
Corpick and h. Park Elected

| The annual meetings OF the Butler
Liberal and Lower Mammoth Mining
companies passed of tremendously yes
| terday afternoonand, In both instances
| resulted In the election Of strong boards
NJ directors. The Butler-Llberal stock
holders selected the following board
A. l.. Jacobs, c. N. strevell, NJ j..
Friedman, l.. o. Goliath, Joseph Geo
ghegan, w, II. Cunningham and IL.
Barnett. The members met soon
afterward and organized. For
president, A. l.. Jacobs was selected;
vice president, c. N. strevell; treasurer,
NJ. J. Friedman; and w. p. Lynn, Sec
rotary. Mr. Jacobs was also chosen
general manager.
The financial statement shows the net
receipts during the past six months
| from the sale OF ore and royalties to be
| S39,0i3.3I. The disbursements, includ-
| ing si.5l2 for the purchase OF ground
| and a $500 dividend, amounted to VA
| ISL .0s, and the cash on hand Is sl6,s4l'45'
The report OF Manager Jacobs made
the following exhibit;
| "The present management took
| charge OF the consolidated company's
affairs without any money IN the treas
| ury, and, while fair amount OF ore
| was In sight, the ore bodies had to be
opened up by drifts, crosscuts and
| raises IN order 70 handle the same as
| economically as possible, taking into
consideration the very fiat vein which
carries the mineral.
"The total production Of ore from
| July 1, 1908. TO Jan. /, 1904, amounted TO
| 1,b74 tons OF dry, first class ore. The
| first class ore netted $29,3972i. or an
| average OF SlS6S per ton, while the Sec
| ond class or milling ore netted s9,533.6S,
| or an average OF S6.0S per ton. making
a grand total Of net receipts for ore
marketed during six months amounting
to s3s. 93O92.
I'm explanation II is necessary TO
state that the above figures are net. ar
hauling. milling freight and smelling
| charges and also sampllng and assay
| ing,
There is at present about so tons OF
| first class ore at the sampler. 10 be set
tied for and about 175 tons Of second
class or milling ore IN he bin.
| THE Liberal ground was prospected
| by 25l feet of drifting through the But
| Ter tunpel. opening up the bedded vein
| In that claim. which former manage
ment failed to accomplish through the
| Liberal tunnel having followed ils-
! sure vein. A raise of 65 feet was also
| driven 10 tap the ore body above.
'The east or main drift In Ben But
| Ter ground proper was extended 100 feet
| and a crosscut of 100 feet was ruin from
| there 20 intercept the bedded vein. This
| work was done by contract.
mo. raise was extended 40 feet
Other drifting. amounting to 40 feet.
was done In different parts Of the mine
In order to open up the ore bodies
below our present workings, the board
of directors decided TO start new tun-
mel nj a lower elevation, but 10 accom-
| pllsh this II was deemed expedlent TO
acquire the Fourth OF March claim
which was purchased for $500 That
new tunnel will drain all our present
drifts and give us n great deal OF stop.
Ing ground, exposing large bodies OF
copper sulphides. which are known to
exist IN that country ut depth,
| This Is considered by competent and
experienced mining engineers TO be the
cheapest and most effective plan to
prospect our veins below the water level
| The ore bearing bedded vein, being very
| fiat. could not be advantageously pros
pected by vertical shaft, the hosting
OF waste and ores as we'll as the pump.
Ing Of water, costing more than the low
grade sulphde ores of Bingham camp
would warrant"
THE LOWER MAMMOTH.
Financially speaking the Lower Mann
| moth did not end the year with as fat a
bank account as the Buter-Liberal did
While the fiscal year closed with a bal.
ance OF sl32s62 In the treasury. the cur.
| rent expenses for the month Of Decem.
| Der have not been met; so, In fact, q
| deficit exists TO the amount OF about
$4,000, according TO n statement made
by Secretary Cordel The year began
with balance OF ss,5s962. but then, as
now, the bills for the last month OF the
year had not been paid.
A feature OF the meeting was the re-.
| tlrement OF President and General
Manager James Chapman and w. 3.
| Chapman from the board OF directors
| and the substitution Of Simon Bamber-
| ger and w, s. Mccormick. Scion Spiro
| was NuNNttUtu Nv itukn fHTk, Inc new
board consists Of the following: Simon
Bamberger John Dern, w. g. McCor-
nick, A. c. Ellis Jr,, II. @. MCMILLAN
and Hugh Park. A meeting will be
held within a few days for the purpose
OF orga nlzatlon.
Receipts from the sale Of ores dur
lng the wear amounted to s5i 4ss ,56, this
sum and the sG,5S9.G2 on hand at the
beginning OF the year. making the TO.
tai receiDts sel 01S17 The dsburse.
ments were divided into four classes. as
follows Mine account AT6i9 ore ac.
count. 50 9693s, general EXPENSES. g..
1903: cash ON hand, $i,329l6, making
the total SCI ,0is.i7.
The crude ore shipped from the mine
during the year amounted TO GELS i2S
pounds, which sold for s2S C65i9 There
were also shipped during the year 5.62l,
Ai pounds of ore from the dunn, which
after deductIng SjGh6l for hauling. net
ted the company s6O2i42. In the crude
ore shipped out OF the mine and from
the dunno there was 10f0i3 ounces nj
silver, 1921 ounces OF gold, A 4SI
pounds OF lead and 900 pounds OF COP.
per, In addition. the excess OF iron
over silica IN The ore sold brought the
company 302L54.
OF conditions Mt the property. Il il
said that both the loo and I 200 levels
are looking very we'll There Ia a LOT
| of lOM grade ora In gipht In ina mine