The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-06-08
COLUMBUS CON. IN
JACOBSON CONTROL
Annual Contest for Change in
Alta Company Results
as Usual.

Regularly every year since the Col
umbus Consolidated Mining company
has been operating in Alta. has control
of that company been wrested from the
Jacobsons-but the operation has al
ways been accomplished on paper, be-
tween elections. When the annual
meetings of stockholders are held
Tony Jacobson is always on hand with
enough votes TO prevent his being sep
arated from the management
The meeting held yesterday was no
exception to the rule. a strong fight
was made upon the Jacobson crowd
before the meeting. When the votes
were counted il was found that the
opposition had mustered something
like 5000 shares out OF the total OF
16S,91S shares represented. The number
Of the company's shares outstanding is
with that showing. every question
acted upon was by unanimous vote Ev
erything passed off pleasantly and
with the best OF feeling. The old d.
rectors were reelected with one eN-
ception. Capt. Duncan MacNichie hav-
Ing been placed upon the board IN def
erence to the opposition. The board
Tony jacobson, vice president; $. a.
Whitney. secretary and treasurer; L. A.
Jeffs and Duncan MacVichie.
The opposition to the Jacobsons at
this meeting, IL Is understood. was due
largely to a movement by large inter
ests in the Utah Mines Coalition COM
pany TO gain control OF Columbus Con-
sOlidated with the view Of using At as
Alta properties. the Columbus drain
tunnel. extended. forming an ideal ave-
nue. through which TO open at depth
a large portion OF the camp. The cam
paign was conducted in friendly spirit.
and. unquestionably, with the best Of
intentions.
Report for Five Months.
On account OF a complete report OF
the company's operations for the last
calendar year having been previously
made. the managers report presented
at the annual meeting covered only tho
last five months. II showed relatively
SHOWS having prevented shipping dur
ing the winter months. During the
period were shipped fS2 s tons Of con-
centretes which brought. net. the sum
of S10.469.79. or S21.6S a ton. There
were also marketed 1870 tons OF crude
ore. which brought S30.00S.S2. or the
average OF S19.61 ton. net The COM
pany has on hand at the mine 400 tons
the same grade as those which were
shipped.
The report recites that the recent
25-cent assessment brought the total
sum OF s7O.sS45O. From the proceeds
were paid a note OF $50. 900 and an ov-
erdraft OF $4,000. which. together with
expenses paid during the time that ore
could not be shipped. virtually eXhaus-
ted the treasury. On hand from ore
sales since shipping was resumed is the
sum Of S20.773.77, with mine expenses
or the last month TO be met. The COM
pany yet owes at the bank the sum of
$4,000
The condition Of the mine IS des-
cribed as highly encouraging. In what
IS called the Pipe raise. from the 400
level. IS a good showing OF ore near
the contact. which should open into "a
large body Of ore on the contact. Both
first class and second grade ore in con-
siderable Quantities has been taken re-
Gently from that working. Work IS be
ing done in several other places on the
AGO level In the east raise IS a body
which carries so Z, SO per cent lead
and 80 TO 60 oune 4 in silver. It IS
milling ore.
Both raises are n virgin ground. The
east raise f. being driven toward che
Pipe raise with 500 feet Of backs be-
fore the tunnel level shall be reached.