The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-04-26
DESERT MOUNTAIN
SCANDAL BURSTS
Charges of MiSmanagement of
TooeIe Property Made
at Meetings.
SHAW TAKES THE HELM
CHICAGO MAN TRIES TO BRING
ORDER OUT OF CHAOS.

Charges OF mismanagement, lax
methods OF conducting the affairs of
the company and a general tangle of
she Sompany's books and records, have
resulted IN frequent meetings the past
week OF the directors of the Desert
Mountain Mining q Development COM
pany, or which George W. Perkins Jr.
OF Pleasant Green is president. PrOmi-
nent at these meetings has been A. W.
Shaw of Chicago, heavy stockholder,
and VINO holds a lease in bond of the
property.
The Desert Mountain Mining & De-
velopment company has been in exist
ence long time, but to date has failed
TO show single result, despite the fact
that upward of $4,000 has been sunk
IN the venture. Most of the directors
and OFFICERS are sheep men and farm
ers who have had little OF no mining
experience. The result has been that
matters have been allowed to drag, an
nual meetings have been passed, no
records have been kept of such meet
ings as were held, and, in fact, the af-
fairs OF the company were in a badly
muddled condition.
The company is capitalized at $780,
coo in srarea of 81 each, 100000 shares
having been issued and 10000 retained
as treasury stock. A portion of the
treasury stock has been recently dis
posed of by Mr.. Shaw to provide funds
20 prove up the property, in which he
has the highest confidence. Last No
venber he took a lease in bond on the
property which runs to December 81,
1919. and since that time he has been
working the mine in a small way. The
property had previously been worked
since October 3, 1907, but not a single
cent has ever been taken out in ore
value, due, II is charged TO the lax
business methods OF those at the head
of the company.
shaw Takes Hold.
III addition to his lease in bon@ and
his personal holdings Mr.. Shaw holds
an option on the stock in escrow. Part
~ because of his own holdings and
partly because his friends bought into
the stock at his instance, Mr.. Shaw has
taken hold Of the property and viii de-
termine If conditions warrant the in
teIesting of eastern capitalists to work
che mine on large scale. He feels that
the old management has been working
on the wrong trend, that ore values
will never be secured from the noun
tain itself. but that they lie deep down
into the ground. He proposed to de-
Velop the property thoroughly, as he is
confident it contains great wealth.
The Desert Mountain Mining & Devel-
Opment company'S holdings are in
TOoele county. in the Dugway mountain
district, not far from Deep Creek. Cop
per is the principal asset, with good
prospects In gold, lead and silver.
James Moffatt of Salt Lake has been
in charge of operations at the mine.
Most of the shareholders. of which
there are great many, are with Mr..
Shaw in his effort to make the prop
erty a producing one and it is ex-
pected that within the next week or so
something definite viii be decided
upon. No difficulty will be experienced
by Mr.. Shaw in Strengthening out the
business affairs of the company and If
he can find the ore values, as he be-
lieves he can, bright prospects are held
out for the mine