Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-07-18
Old Manager of Montaua rouopah
Steps Out and Well Rsown
Utah Man Steps 10,
FORMER HIGHLY COMMENDED.
During His lncumbcncy the Company
Has Paid the sum Of $4,000, 600
In Dividends.

Donald u, Gillloa whose master hand
has directed the destiny ot the Mou-
laul ronopnh almost since the hogln
Ming, N no longer head and front ~
that property For some reason or
other Mr. Glllles has stepped down ana
out, d1d m his stead that well known
Utah mining man, John 4, KIRBY, has
been selected, 1'hls action was taku
At meeting Of the company board of
directors on saturday ut which tlmo
the board passed resolutions highly
commencing Mr. Gilllos for Ms sor.
vices, During the lallcr'R curccr as
manager the company has paid the mu.
nlhcolt sum Of Sls0O0O0O In dividends,
while the property has developed into
one IF me very best mines IN that sec.
ton Jurt recently strike " graft.
lAlng proportions WIS made on the 49,.
loot loNch nt which point four feet OF
llfsis, l1ts ore was oponod NJ This IN
regarded uH u most important dlscoy.
cry, 40 II demonstrates beyond the shn .
dow of a doubt that the mine has good
values with depth. ana that develop.
ment Nork has been most iWclligontly
directed,
Local directors Of the Montaua.Tono
pan nave been aware for some time
past that there were decided differences
Of opinion ~ 70 the policy bong pm.
sued by that company but few fllss
prctcd that these differences had he'd
10 disAunslon, n appears, however That
a lu
sldcnbly stirred NJ Of late M witness
the following from the latest issue Of
the Tonopah Mlncr
There having been many rumors on
the street during tho past fortnight 10
the effect that serious dssensions oNs
list IN the board ~ directors Of the
Mont lnn'Tonopah, "A representative uf
the Miner on Thursday asked PROSE-
dent charles u, Knox, who II now IN
Tonopnh to make u statement IN re-
gard to the Reported differences.
PRESIDENTS STATEMENT,
There was difference Of opinion
IN tho board said Mr. Knox "as to
the date on which the dividend should
be- declared and PAID; but there never
has pccn difference of opinion ~ TO
whether a dividend should be paid or
the amount Al NJ the directors NJ
the Montana. Tonopnh favored n dlyl.
dond, but -Four members of the board
.-Ucprgo :, NiXon, George T. Badgett,
r. L, Dunlap and myself commended
tina, there should bc reserve left In
the treasury of ut least na great an
amount ~ the dividend; IN other
word, that II was better TO have tho
cash IN hand rather than IN transit
We fol that n was wise not 20 declare
the dividend before July No. but a COM
promise was effected. and the dividend
was declared July / aud made payable
Aug !, by which lime In all probability
the cash requirements VIII be- met
This compromise. w my opinion should
have oblltoratcd all feeling that might
have existed between mcmbeAs Of Inc
buard before the action VAS lakon,'
In reply 10 the question II II not n
fact that proxies for the coming am
nunl meeting are already bcing solicit,
cd by certain members Of the hoard'
Mr.. Knox rrnlcd YES but none "
the gentlemen whose names | have
lust mentioned have solicited any
proxies, either for themselves or I'm my
behalf nor viii any be solicited with
my consent until notice Of the annual
meeting, which viii be- hcld on tho
second TUESDAY M September has
been published, 3"
MORRIS ENUMERATED,
Mr. Knox was thon asked " II were