Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-03-20
Present Their Request for Rep
reSentation on the Cactus
Board of Directors.
WILL CALL AGAIN TOMORROW
Head of Cactus Mine Says No Infor-
nation Has Been Withheld from
Stockholders.

Probably the busiest man in Salt
Lake today is Samuel Newhouse. The
mining magnate arrived home last
evening at a late hour somewhat fatl-
gued as result of the journey across
the continent and suffering the annoy
ance of bad cold, which came as
one of the emoluments Of an lily VEN
tilated and heated Pullman. Neverthe-
less, he was at his office in the Dooly
block early in the day, ready for bust
ness and where he was simply besieged
with callers.
He had hardly stepped off the eleva-
tor on the sixth floor of the building
when he was confronted with the com
mittee appointed by the local share
holders of the Newhouse Mines a.
Shelters corporation at the meeting
held in the Mercantile block few
days ago and who had called for the
purpose of u conference relative to
giving them representation on the
board of directors at the annual meet
ing to be held in New York ON the
9th inst. Mr.. Newhouse met the menu
| bers OF the committee, consisting of
| Frank b. Cook, ex-senator Joseph l..
| Rawlins and Charles a. Read, cordi-
! ally, and the greeting from the visitors
| was equally so. The chairman of the
| committee, Frank Il. Cook stated brief
! ly the object of the call. TO which the
| chief shareholder and president of the
| Newhouse company replied that he was
| only too glad to have someone else
| from Salt Lake City as a member oil
| the board during the ensuing year, and
| assured the visitors that the request
| would be granted.
He also made II clear to the men,
bers of the commmittee that it has been
the policy of the company in the past
as 1t Will be in the future, to conceal
nothing from shareholders. The mine
and mill, he said, are open to inspec-
ton at all times, and officials of the
company are ever ready to give the
shareholder, no matter how great or
small his holdings may be, any inform
alton they may desire relative to oper-
alton and conduct of the company's
affairs, The committee will meet at
the Newhouse offices tomorrow morn
ing, when the matter will be further
discussed and a decision arrived at
as to who will be chosen to represent
the minority shareholders on the new
board.
INFORMATION GIVEN OUT.
81 don't know how the impression
got out" said Mr. Newhouse to mem
bers OF the press, that information
about the mine is being withheld from
shareholders. But there are no sub
stantial grounds for any such belief
anu only WISH every OWnei OF STOCK
could visit the Cactus properties ana
see for themselves what we have and
what the future possibilities really
are"
what of the future OF copper?' was
asked,
COPPER OUTLOOK
81 think the outlook for "copper"" re-
piled the mining man, is very much
better. In New York the other day
N. -. . IL.
Metals Selling company and took lunch
with him, He told me that all the
available copper in the country had
been sold. and that before people could
be supplied with more, II would have
to be made. While the demand Is per-
haps not as great as II was year ago,
owing to the effects of the late financial
depression, Mr.. Broughton expressed
the opinion that conditions will soon
Alright themselves. 1 feel quihe sure
that we have seen the worst. There Is
general anticipation Of better copper
prices and events Of the past few days
only go to confirm this statement"
HAS a SHELTER STORY.
1t viii be good news to the mining
men ~ this state to know that Mr..
Newhouse has some important news
hearing on the local smelling situation
The information viii probably be re-
leased within "A week. Any more than
to say that the news is important he
refused 10 discuss the matter when
questioned regarding the matter by
representative Of the News" Neither
would he indicate his plans for the flu
ture regarding the Improvement of
Popperton Place In the northeastern
part OF the city which deal was closed
Just before he sailed for Europe. Il
prefer TO wait ana show what / am
doing. rather than 10 say what shall
be done. For the present, however
/ have my hands pretty full with other
affairs and popperton can wait"
II Is the intention Of Mr.. Newhouse
to visit both the Cactus ana Boston
Consolidated mines within short time.