Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-03-20
Secy. Blossom Gives Encourage
ment TO Stockholders from In
formation by Mr. NewhOuse.
SUCCESS NOW SEEMS ASSURED.
Mlses Have Been Developed, Debts
Have Been Paid, and Finances Ar
ranged for Further Work.

The Majestic Copper company with
mines and smeter about Milford in
Beaver county. has released a circular
TO its stockholders from Its eastern
Office through its secretary T.. H. Bios
som, which will be read with Interest,
The main points Of Information follow:
I'VE take particular qualification
says the circular, in announcing that
an arrangement has been made with
Samuel Newhouse OF Utah, by which he
became, on Feb. l, managing director
Of the Majestic company. He convert
ed the Utah Consolidated, which he took
ne a doubtful gold mine in 1898, into
one OF the leading copper properties OF
the country, and It's stock Is today sell
ing on the Boston stock exchange for
more than Si20O0000. The Boston Com
solidated is another Of his companies,
with a selling price Of S3,500,00O In the
open market
In addition 10 arranging for compe-
tent handling OF the mines and smelter
your directors have sold to Armstrong,
Schirncr & Co, members of the Bos-
ton and New York stock exchanges,
500, 900 of bonds for cash. Mr.. Schirmer
has become n director OF the company.
1--WE give the following extracts from
communication
house addressed 10 the president and
directors Of the Majestic company dat
ed Feb, %. 1905:
During the past week | have been
engaged In the examination Of the Q.
X, Harrington Hickory and Old Hlck-
DRY mines, belonging TO your company.
The examination has been very COM
plete and thorough, and | have been
assisted in It by NJ. NJ. Johnson, min
ing engineer, under whom the proper
ties Of the Boston Consolidated Mining
company and Of the Newhouse Mines
and Shelters have been developed. Mr..
Johnson's experience In copper mining
in Beaver county, and particularly In
the direct management and opening
up OF the vast ore bodies Of the Cactus
mines, renders him especially well
adapted to the Investigation Of copper
properties I'm that county
NV. G. Thomas and Gerald Street
of the engineering department OF my
Office, and Victor Carlson, mine fore
man OF the Cactus mine, assisted IN the
taking Of samples and In the measure
ment Of the ore bodies found IN these
mines You may be assured that the
work WAS carefully, systematically
and thoroughly done. The results are
reliable and the conclusions that we
sampling and assays are correct,
Since work was resumed, July 10,
1904 much has been accomplished In
blocking out the ore bodies and get
ting the mines ready to furnish a steady
production. According TO surveys, suf-
ficient copper ore Is blocked out I'm the
O. X. and Old Hickory mines to war
rant the blowing IN of the copper fur
mace at once. Mr. Newhouse how
ever, advises further systematic de-
Velopment for a short time TO faclli-
tate the more economical handling W
the ore bodies. our present board Of
directors assumed office In August, 1904
when your company was I'm the hands
OF a receiver with an indebtedness
OF about $300,0 900, and having neither
stock nor credit IL is gratifying TO
state that all this Indebtedness has
been discharged or Ia In process OF pay
ment, and the company is now In pos
session OF ample funds to push all
necessary developments. The Majestic
Copper company now controls approx
imatey 90 per cent Of the stock of the
Majestic Copper Mining and Smelling
company.
IAN stockholders are reminded that
the first interest coupons on bonds Will
be due April 1, 1905, and are payable at
the office OF the company In Hartford.
Holders of bonds are requested to de-
taoh said coupons and present them
on or as soon after the LIST OF April as
possible, IN order that the same may
be paid. Collections may also be made
through local banks"