Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-07-27
MUCKLOW OUT
WITH STATEMENT.
President Of Majestic Copper Com.
pany Tells Shareholders 10
Have Patience.
WHAT IS BEING DONE AT MINES
Work Concentrated at Old Hickory
And Harrington \ Hickory Mines
Sash Balauce 90 Hand.

william n, Mucklow, presIden, OF the
Majestic Copper Mining a. smelling
company, who has been making an IN,
spoclion Of the Beaver county proper.
Ties Of TINT corporation, II out with a
statement TO shareholders
Considerable Impotence the prcsi.
dent Gays, ''and encouragement have
been expressed by stockholders because
nothing has been communicated to
last, betAmc managing director of the
company, IN explanation ! may say
that The policy adopted By Mr. New,
house and hle stan has been one ot
careful and conscientious research, In
order TO acquire "A thorough knowledge
of the properties before making oSion-
flyo and expensive Developments, II ~
now considered n wlgo aud conservative
policy 10 concentrate work on the two
proportis known as the old Hickory and
the Harrington a. Hickory mines Thoeo
two properties alaO, n N confidently be-
llovcd, can be made To supply sui.
Dcent ores TO operate both the lead
and copper furnaces
II have fnlly discussed Win Mr.,
Newhouse ana members OF hiR staff the
policy Of the company from now on ana
have lust returned from Beaver county,
after examining iha properties In gem
crnl and tho Old Hickory and the
Harrington a Hickory m particular
In this examination | WAS accompanied
by MIR Lafayette llnnchoit, general
manager for Mr. Nowhouec aud MI
James lngols, the superintendent now
I'm charge " our mines
For moro than three years | have
been In close touch With the Majestic
company's properties, ANA can say
without egolsm that NO one has been
moro familiar with ihc conditions dur-
Ing that time than myself must be-
distinctly understood that the conclu.
aions hereafter set forth, aH result or
this last examination, are without OF
nclal endorsement, except 50 FAR az I
am president and director OF the two
companies, | therefore accept the solo
responsibility for this letter, lnasmuch
M shah have no opportunity for INC
next few weeks Of comforting Win the
other officers and directors
OLD HICKORY ORE Bopy,
"On February 1, 1908, careful meas
uromenls of developed orc IN the old
Hickory demonstrated that there were
upwards NJ $1,000 tons available for
stopping. ana the extraction or this orc
viii be begun Immediately This oN'
traction ~ ore VIII be carried ON wlih-
out any additional expense ~ supelln-
tcndcnCo or management ana ~ tho
same time "A visible and available cash
asset. constantly increasing with the
progress NJ tho work, VIII be on hand,
In addition 10 this work, the develop
mont on the second and third levels
win he ngrcssycly pushed, and n fourth
Lowell has been started from the bottom
OF the main shaft Every indication or
this noN development work points 10
the nnding OF extensive additional ore
bodies within the next tew weeks.
IN the Harrington. Hickory, nearly
100000 tons of ailyerrlead ore IRE now
exposed with several thousand tons
already mined and ON the dumps, For
profitable smelling galena ore N needed
and this Is now heinz found In tho sink
INK under way upon me Conner chute
at the 400 level when this " obtained
In sufficient quantity, all the ore IN
this mine win become valuable ana
available for smelling purposes,
I'm addition 10 following IN depth tho
Conner chute, a crosscut Is being made
from the 400 level of tho main shaft In
n souihcastorly direction TO intercept
the four defined assures appearing on
the surface, and believe this 10 be- the
very best development work that can
be- done, II II the opinion of Mr., Han
chott and other mining mon, that tho
harrington. Hickory win prove Itself
to be a property Of great value,
O, Y MINE MEASUREMENTS,
Ia a.
careful measurements made by Mr.
Nowhousos engineers marc than 200
900 tons VI ore above the sO0'foot level
with additional bodies on the 1900 foot
and iOO.foot levels, This ore, however
IN No slllolouH that concentration " nee
ossary to make II profitable, but u N
not thought Wise 10 pat up plant az
the present time, LoasoiA arc ihoro-
fore WorklnR portions ~ this mine cY.
iraotlng the higher Hrado ores, The
company receives substantial royalties
on everything marketed Tho Majestic
company, however IN the meantime
VIII continue the sinking 'of the incline
shnft m order to attain water level,
who're bodies OF sulphlde ore are likely
10 he found,
Work ON tho other mines Of tho
Majestic company VIII be confined 10
the necessary assessment work Tho
smelling plant Of the company Is In
good condition, ana VIII he put intosop.
Grafton MS speedily ms possible,
"'fho stockholders must understand
that nothing w being lost, but much In
being gained by securing greater dCvel.
opmoni and the blocking out of add-
lional ore bodies This VIII not only
keep the smeltor IN permanent commits.
sion but tho extraction ana handling
OF the ores viii be more economical,
~ appreciate the anxiety OF the stock
holders caused by past delays and the
many dllnoultios we have met with,
and personally I feel the burden ~ my
position most keonly, am also sens.
bile OF the responsibility incurred IN
sending you this letter and have no de.
sire To raise any false hopes, but wish
10 deal simply with facts ~ | md
them These facts fully Justify a most
emphatic Enforcement of the Majestic
properties, ! believe that llttlo moro
patience on the part Of the stockholders
WIN meet with a substantial reward.
Mining ls slow and expensive process
until the earning period " fully arrived
at THIS period In the Majestic cons
pany IN close at hand,
~ fully believe In the integrity and
marked ability OF Mr. Nowhougt and
his stan, ana that the interests OF the
stockholders have been wisely placed In
their hnndA'
Mr., Mucklow states that the Ma.
ioetlc company has no boating Indebt-
aIAnQq ma lAaI Tho ,nn.naAu Ia. slUr