The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-01-16
FEW REALIZE THE
IMPORTANCE OF STEP
New United States Smelling, Re-
fining and Mining Company
Far Reaching,
BOARD OF DIRECTORS
HAS BEEN ORGANIZED
Supporters of Organization Are
Among Strongest Known in
Financial World.

The Western country can hardly ap
preciate to tho fullest extent just what
the organization OF the new United States
Smelling. Refining and Mining company
means to- this portion OF the country, anc
10 Utah as well. Latest reports from
Boston give tho personnel OF the new Of
flcIsls Of this company with their stand
Ing In the financial world
Under the Laws of Maine.
Tho United States Smelling, RehniuG
and Mining company has bccu organized
under the laws OF Maine with total au-
thorzcd capital OF $4,000 90. consisting OF
10000 shares OF per cent cumulative
preferred stock and 10000 shares of com
mon stock, each share par vnluo $50 says
the Boston News Bureau.
Preferred VS.. Common Stock.
The preferred stock Is entitled TO re-
ccive cumulative quarterly dividends at
The rate OF, but never exceeding, I per
cent per annum, before any dividend can
bo paid on the common stock. In case
OF the liquidation or dissolution Of the
company the preferred stock Will also
have preference In the distribution OF as
sets 20 tho extent OF its par value and
accrued dividends. The shares OF pre-
fcrrcd and common stock have equal vot-
Ing powers, except that common stock
amount OF authorized common stock.
Who Directors Are.
The directors arc divided into four diff
ferent classes, TO serve at the outset one,
two, three and four years, respectively.
and each class OF directors coming up for
election thereafter will be chosen for tho
term OF four years. The following di-
rcCtors have bsen elected; For four
vars, ID. D. Evans. A. F. Holden j ].
Storrow, 5. w. Winslow. For three years.
t.l AGO. Nrgf,
Ham II Coolidge. \, w Rice. For two
years, Charles f Brooker, F. n Foss. T.
&. Ramsdell, H. II. Wehrhane. For one
year, c. A. Hight. G. L Stone. E. c
Directors Are Prominent Men.
6. L. Stone is a member OF the broker
age hrm OF Hayden. Stone & Co II is
generally known that Mr.. Stones nrm
represents n large holding I'm the COM
pany. c. F. Brooker Of Ansonia, Conn.
IS Wen known az one Of tho leading di-
rectors In the New York New Haven &
Hartford Railroad company. AS the head
OF the American Brass company he is q
particularly strong factor I'm the copper
world, being undoubtedly tho largest buy
ar OF copper for actual consumption in
the United States, and probably In the
whole world. Col William Barbour is n
strong man and represents large financial
interests In New York. II. n Wehrhane
Is member Of the international banking
irIn or Hallgarten & Co OF New York
anu pTeSum3 Dly becomes a member In
part 10 represent the foreign holdings of
the company, which have been increas-
ing steadily for some time.
Organization of Board.
The meeting OF the United States Smelt-
Ing. Refining and Mining company for the
purpose OF organization was held here
January 10. and the offer TO the stock
holders Of the United States Mining com
rany was approved AT an adjourned
meeting X. D. Evans was chosen chair
man of tho bonrd OF directors. A. r
Holden. general manager; w H Cool
iuSe, Vicc-prssldent, and +. w. Batchcld-
tr. secretary and treasurer
Kind Of President Wanted
The affairs OF the company have grown
10 be so varied and Of such mae6Ituda
that tho new board Will prs5ably choose
as president some man Of general exc
cutiNe and business ability who can de-
vote his entire time to Its affairs. and
oe ready at any moment to take the
Train Tor California, Mexico or any other
pace where the companys properties arc
located. for the sake OF comforting with
General oay