The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-02
MAY DAY MINE
IN FINE SHAPE
Begins New Year With a Treas
ury Reserve of Healthy
Dimensions.
NEW CROWD is IN CONTROL
MINE is NOW IN SHAPE TO
MAKE MONEY.
NEW CROWD is IN CONTROL

! A fine showing was made at the annual
meeting of the May Day Mining company
/ yesterday and, while the control was
passed into entirely new hands. the re-
firing officials have every reason TO feel
proud of the record made during the
year For many months stock in the
company has been finding its way into
| the hands Of IA interests identified with
! the directorate and the result OF the cleo
ton might have been foretold weeks ago
! The board, as elected at the meeting and
organized later in the day, is as follows:
John Dern. president and manager; b.
| f. Caffey, vice-president; w. c. McCor-
nick. treasurer; d. L. Fulop and NJ p.
Brdffett. Gus Reeves was named as sec
rotary and the offices of the company
will now be moved to the Dooly building.
The financial statement rendered by
Secretary John Campbell showed that the
year opened with cash in bank amounting
to s., 6695S. Receipts from sales of ore
etc, were Sl6352.i9, making total Of
S79,022.O7. Disbursements totaled up to
500 GA. leaving a balance on hand of
s9,S7S.GI. In addition to this, it was shown
that eight carloads of ore shipped and
still unsettled for were worth approx
mately s., 400 while the unpaid operating
expenses of March would amount to
about $i.0G0 so that. as a matter of fact,
the new crowd takes hold of the pTOpO-
sitiOn with approximately sl3,71S to the
good after all bills are paid.
One year ago everybody was certain
that the mine could not run sixty days
without an assessment and. while vast
amount of development work was being
done and matters looked sqUeamish for
a time, Manager J. +. Darmer. ably as
sisted by Superintendent II. NJ. Eakin,
pulled the proposition through and placed
the mile where il is today i'm admittedly
better shape than it has been for many
years.
Manager Darmer's report shows that
some extensive bodies of fine ore have
been opened up, ore that has been and is
now netting the company more than ST.
600 a carload. while other known bodies
are on the eve of being tapped in some
of the workings.
Attention is also directed to the large
bodies of milling ore that are exposed
in the mine: to the lease that has been
given the Cactus Ore cOmDaDV for the
treatment of the secOnd-class dump and
such mill ores as are mined during the
life of the lease. 1t explains that the
company mentioned has remodeled the
old May Day mill and introduced A dry
process OF concentration that appears TO
be making a fine saving and which
should result in the lode grade ores of the
mine atfording fine source of revenue
TO the May Day company in the future.
Manager Darmer pays d high compli-
ment to Superintendent II. NJ. Eakin
thanks his board of directors for the
loyal support given him and bespeaks
their hearty support Of the new admins
ira ton.
In conclusion" says Manager Darn
er report I will say that having
been more OF less familiar with the mines
for the past fifteen years /
believe that it is in better condition,
has more numerous and larger ore bod
les in sight, with a greater tonnage of
shipping ore exposed, and with better
Iospects Tor their continuance than at
any. time in the history of the property"