Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-02-19
BULLFROG MINE
WITH LITTLE CASH
-------------------------
Stockholders Of Montgomery Sho-
shone Have Ordered lnde-
pendent Examination.
SUPT. TURNER MAKES REPORT
Tells What New NH is Doine-Treat-
ing Orc valued AT $40
J, Ton.

Local shareholders of the Montgom-
cry Shoshone Consolidated Mining
company will be Interested 10 know
that the meeting of shareholders held
in New York has resulted In the cleo
tion of a committee consisting of Will
liam p. Bonbright, p +. Thompson,
Isaac Untermeyer and Capt w. Whar-
ton TO select an expert to make an in
dependent examination of the compa-
ny's mines in the Bullfrog Nevada.
district.
The theory of the examination is to
afford the stockholders some check
upon and verifcation OF the several
reports concerning the condition of
the property made by the officers from
time to time. In this way some basis
of comparison can be established from
the standpoint of difficult technical es-
Inmates. II was decided that the COM
pany would pay for the services of the
expert and while his selection was not
definitely decided upon by the commit
tee yesterday IL will, In all probability,
devolve upon A. Chester Beatty to
make the report.
y. w. Turner, the company's super
intendent attended the meeting TO an
swer the ross-examlnation OF the
stockholders and he was prepared to
explain the various details requested.
Speaking of the mine and mill. he said
that the lowest workings We're now at
n depth of 600 feet. where they were
prosecuting north and south to strike
the veins encountered in the higher
levels. Once these We're reached they
would probably go down another 100
feet In the main compartment shaft
and duplicate the work of the 600-foot
level The ore reserves, he said, were
substantially the same as given in the
last report published several months
ago. TFfS1'lN
The mill, he said was treating 5000
tons a month of $50 ore. the extraction
showing saving of 81 per cent. About
45 tons Of shipping ore were going out
daily, that would go from $50 n ton
up. The company has lately struck a
little water In the lower levels which
lis being used in the mill The mine
is making $4,000 gallons a day which
while only a nominal quantity is above
the average for dry country like Ne
vada. Their are at present 100 men
on the payroll, Power and light for the
mine and mill are furnished by cleo
triclty.
The financial statement submitted
| shows that the AIontgomery-Shosho
| company owes Charles NJ. Schwab s434,-
| I4S. and w. A. Clark G Bro. $4,000 OF
| the Si,i40 representing the cash on hand
| in local hanks sf0S3 Is tied up In the
National Bank OF North America.
The directors elected were: Charles
NJ Sohwab Donald II. Gillies, r. A.
Montgomery, Malcolm " Macdonald.
William p. Bonbright and Marshall r.
Ward. The new directors elected in
clude Max f. Bernheimer.P +. Thomp-
son and w. n. Abbott, the latter rep.
resenting the large Pittsburgh steel in
terests that are In the company 1t
a II
Montgomery's interests amounted to
more than 10000 shares.
Owing to the absence of Mr.. Schwab
in Europe, an adjournment was taken
until March 81
1t was stated at the meeting that
the company owns l,0i4,S64 shares
Mont. Sho. NJ Co.. t044,796 shares Sho.
Polaris NJ. Co.. 100000 shares Crystal
Blfg NJ. Co, 10,111 shares Big. Red.
& W. Co,