The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-08
Contest Develops, but Counting
of Votes Makes Every
thing Harmonious.
d. MAC NICHIE IS
A NEW DIRECTOR
Reports Read at Meeting Made
by Manager and &. b.
Wilson.

The annual stockholders meeting OF
the Columbus Consolidated company was
held yesterday. Early in the morning II
developed that there was contest on
for tho control. but when 81 came TO
counting the proxies the large interests
OF the company were found lined UP pack
OF the former management and II won
out, There Is one new name on tho board
OF directors I'm Duncan MaCNichic. and
the board lacks any Michigan directors
where much OF the stock heretofore has
been held There were lGS9lS shares
represented out OF the issued 2SS.o00
shnrcs, and tho following directors and
officials were elected.
G. 4. Walker. president; Tony Jacob
son vice president: :. \. Whitney, sccrc-
tnrv and treasurer. Lewis a. Jcifs and
Duncan MacNlchic complete the board.
Manager Tony Jacobson reported that
during the last Ave months of the ilscai
year. the company shipped 1926 tons oil
concentrates. receiving therefore net $40
i69.19; crude ore, 1880 tons. net value
$50. .00S.32. This gives the net value OF
concentrates per ton. S2l.5s, and Slo,0i
for the crude ore. ON May !, tho mill
was In operation three shifts day. but
this has been reduced 10 two shifts at
present. He states that the Pipe Raise
from tho iOO level is showing strong, and
n good orc body is expected on reaching
the contact. In several other places
conditions nrc looking favorable, especial
~ in the cast raise where there are irom
two 10 three icct Of ore running 30 TO %
per cent lead and 30 10 80 ounces sill
Yer. There Is considerable milling grade
ore alongside of this.
4 report on tho property was read al
the meeting. q report made by q. Is. VII
son, the mining engineer. on March .,
1909. Whiic over n year old. the report
probably fits the property today, other
wise II would not have been submitted at
he
tcrs Into no detailed estimate Of ore re-
serves. but makes recommendations re
GardinE future development and The pro-
posed drain tunnel.
Ii ia obvious, he states. that the orc
bodies known must he developed deeper
from the tO0 level. He also states that
the present shaft was very unsatisiaC-
tory, I'm that II driven In orc and Is
mol regular, requiring proper alignment.
lie believes that 4 new working shaft
eventually will have TO Gc driven and Sc
lccts the point for 81. The report then
saws:
1T has been suggested. and with con-
siderable reason, that a lower drain tuu-
mel should he run so rs To lessen the
drainage difficulties. This suggestion de-
rives much merit from tho fact that an
accident 10 the electric power plant
might result IN the flooding of the mine.
This tunnel has been surveyed and has
alrcady been carried In n distance OF 333
feet. It's length would he practically
1000 feet from tho portal 10 q point YER
ticaly under the companys boarding
house Its depth al this point would be
approximately twenty feet below the 400
level. y Dorthcrly drift about 800 feet
In length would bc necessary to connect
the tunnel with the bottom OF the main
shaft. unless the tunnel itself is carried
somewhat northcTiy so as 10 terminate at
this point.
''Thc cost OF the 1000 foot tunnel is cs-
timatcd at $4,000. It's questionable fea-
ture is that for its considerable length
depth IN the mine. II would probably
terminate at the depth already attained
10y the fOO-foot level for " Is difficult
10 keep Tie miners at proper grade. In
other words the advisability OF running
this tunnel depends largely upon the saw
ing II will effect In pumping. which is
the cost OF raising the mine drainage
distance OF 29S feet. II the mine has
life of ten years the tunnel will prove TO
be the cheapest policy but IL would be
advisable 10 first attempt the prospect
ms OF the known shoots AT the i0O-foot
level by reasonably increasing the present
pumping equipment, II an enormous flow
OF water Is encountered in this develop
meut work. the drain tunnel VIII then be-
creased investment IN pumping plant will
not be lost rs the equipment will be re-
qulrcd in order 10 sink below the level
of The new drain tunnel"
In conclusion, the report says
The Columbus mine contains four
known ore shoots of Importance. One OF
these. known as the 400foot stope, is
now producing shipping ore and may pro-
ducc 5000 tons more before the lower
grade ore at the tunnel level Is reached.
The larger of the known shoots. known
as the main shoot. has failed near the
i00-foot level. The indications arc strong
that the orc ceases at this point. but
drift eastward on the Branc assure Is
recommended. Tho Garfield and How
land ore bodies could not be satisfactor-
lily inspected owing TO the flooded condi
lion of the workings. However ore is
said To exist at the bottom OF these work
ings. and, II this is the case. the sd-
visa ability OF prospecting them at the
i00-foot level IS manifest"
The financial statement for the period
between January !, TO May 81, 1910,
follows