Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-01-18
Stockholders Of the Bingham.
Centennial Met Today and
Authorized Change
BINGHAM MINE IS ABANDONED.
And Operations Of Company Transfer
red to Alta-Directors and
Officers Chosen.

The stockholders OF the Bingham
Centennial met In regular annual SEES.
sion today and elected new board OF
directors. At the conclusion OF this
meeting a special session was held, a,
which change In the name OF the cor
poration was authorized. Hereafter II
viii bear the title OF the South Cdum.
bus Mining company with the capital
stock remaining unchanged,
This action was taken for the reason
that during the YEAR the company
transferred It's operation from Bingham
to Alta and Is now working group OF
claims adjoining the Columbus consol-
dated.
In his report to the stockholders,
Manager J, A. jacobson gave COM
prehensIye account OF events leading up
to the transfer from Bingham TO Alta,
He says:
From the time of starting work on
the Bingham property up 10 about Oct
/, 1908, when the operations at THIS
point were discontinued, ! drove the
main tunnel ahead 400 feet and did
about 1850 feet OF prosecuting on
stringers that at times showed some
ore which looked encouraging. At one
or two places we encountered some
very good milling ore and at these
places ! put upraises to distance OF
about 70 feet, with the hope OF striking
some ore OF sufficiently high value to
justify shipping, Unfortunately, such
a grade OF ore was not met win ana
| abandoned the lower tunnel and
started to work In the upper tunnel,
where / did about 200 feet OF drifting
and prosecuting. In the upper work.
ings some small pockets Of shipping ore
were encountered which encouraged me
10 believe that We were nearing large
deposit Of high grade ore. Further de-
velopments, however, proved that the
indications were misleading.
"These several disappointments. to-
gether with the fact that payment on
the bond and lease OF the property was
soon due, so discouraged me that
] recommended to the directors Of the
company that all the work should be
stopped unless an extension OF time
could be had on the payments due on
the bond and lease. The directors coin
clded with my views and authorized me
To endeayor 10 make more advantag-
eous terms with Mr.. Lashbrook, from
whom the bond and lease was secured.
After several conferences. that gentle
man advised me that he could not and
would not make any extension OF pay
ments.
I'm the meantime, had been looking
over properties In the Alta camp and
had taken an option on some well To-
Gated claims with the intention OF turn
Ing over these claims to the Bingham
the approval OF the directors OF your
company and, later, when Mr.. LASH
brook concluded TO make the asked-for
extensions OF payment on his bond and
lease your directors decided that II
would be for the best interests OF the
company TO abandon the Bingham
proposition entirely and transfer opera
lions to the Alta camp.
"On my recommendation the board
OF directors authorized me to negotiate
for the purchase OF the Winner claims
Nos. to s. inclusive. did SO, and
these claims are owned outright: also a
onethIrd interest was purchased In the
Soft Copper and Corba claims Nos. l
and q and years option was secured
on the remaining two-thlrds interest,
II consider this one OF the most
promising prospects In the camp In the
early days a considerable amount Of
high grade ore had been stopped out
above the old tunnel and Is said to
have brought the owners and lessers
good returns.
ION my recommendation work has
been started In lower tunnel with the
idea OF tapping the ore bodies under
the old workings where the vein APP
pears to go down good strong. To this
estimate that the tunnel will have to
be driven 300 feet, which should give a
depth under the old slopes OF 600 feet.
] am OF the opinion that we will strike
one or more veins before We get under
the old works and would advise that
this tunnel be pushed as fast as posi-
Bile, II this can be done. predict that
we viii be shipping ore by the middle
OF next summer"
The board Of directors chosen 70 serve
the new South Columbus consists of
Tony Jacobson. j. A. Jacobson, Walter
l., Mas, w. y, Dougall and II. s.
Tanner The first three named are
president vice president, secretary and
treasurer respectively.