The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-28
AID IS
| GIVEN MARKET
|ahau L. Amster Explains His
/ Recent Troubles and
Breathes Courage.
IS MINES STILL
ARE SAFE AND WHOLE
~ Two Million Dollars in
Effort TO Stem Tide of
Liquidation.

n 7 Amstcr. whose copper shares the
4 v.ep or TWO have taken a promi-
u Mace among the ones greatly de-
-.,sfIur in price. has Issued the fol-
-snr statement in Boston 10 the
..aucial News:
/ 4 fear that much of the selling Of the
~, Of the companies with which
4 identified is due to misaDprchen-
Al what has happened, II should
. ho,no In mind that my troubles have
. Il entirely my own and that the prop
u,x arc not IN any way involved I
|, no enthusiastic, tried to support my
.rss during n period Of general an
INV TO all stocks and that has cost
4 o,er s. 10000 but that should not
,,ten az bearing on the values OF the
-rsrtIes, and | hope that many stock
.,t,r arc not obliged TO sacrifice their
|(ilrrs lust because | had 10 make a
-corary capitu.atinn. ! believe In the
.-1sriies as strongly as ever. ] leave
A on q trip during which ! shall In
a all three properties and shall here
"A, give closer supervision TO the de-
"a OF the mine arrangements. have
&npce OF continued confidence and CO.
+,ratIon from so many and hope that
4 norsonal troubles will not lend 10
|,ssless sacrifice on tho part of stock
}dsr.
't1sIng 10 the fact that Arizona Com
&rria will need money soon, reor-
snIrston OF thot company may take
~. which would put the company in
|slrone financial condition. The prop
.y has great possibilities. our expert
Ia With Il has been much the same az
4; with the Old Dominion, which was
&Iaz al one time In 1908 at So per
'lre. and which Is now on dividend
.clng basis. having developed rich ore
'iles at depth and the property has
d levels of the Arizona Commercial led
\ 10 believe that the teaching did not
TEND to such great depth as In other
Nc OF the Globe camp. but after open.
q the tenth level we find that stu
later depth must be attained. We
y nov crosscutting on the twelfth level
resch both The Black Hawk lode and
q Dominion fault. There Is another
nation In the property which promises
~ The Globe cut into our Copper Hill
Ne and showed n strong vein OF sui
Me-. Tho work on the United Glooe
lower level than where this was
d Is showing up even much better and
~ developments are now approach"
q our property We have geo,ogists
scrk 10 map out n plan for the de-
|hpneni Of this end OF our holdings
q expect splendid results.
Ihe Shannon property speaks Tor II.
"a, The stock was selling for S and
q share when | took hold OF IT and
Rs generally considered TO be OF lit~
value. Since then we have prac,
rlg butt l0o0-ton smeltcr and paid
: bend Issue Of several hundred thou
~ dollars OUT OF earnings. We have
railway from the proceeds OF
Issue which relieves the company
Xny danger Of being compelled 10 stop
shIpments because OF floods in the
g We arc developing new ore
s' belOw the old ore tunnel evel ana
poperty Is In every way IN spien-
sflpe 70 make returns 10 stock
dssS on better metal market. The
q have been reduced fully 3 cents
since took hold and are now
? 10 about Ia cents and with pros
g OF sill further reduction.
lho Boston s. Corh!n property Is
rng exceedingly well. We have opened
orc body on the l200-foot level. and
again drifting on the 90O-foot !eyel
Increasing our reserves OF ore. Nc
d estimated reserves IN the neighbor-
OF 200 coo tons Of ore down 10 tue
~ level. which will run the 3O0-ton
4ntralor for about three years and
1h cam substantial dividends on the
W capita. .zation OF 90 900 shares OF
ronpany's stock The Issue OF bonds
Wtiy announced has been undcrwrit-
w RESPONSIBLE banking houses, SO
my affai-s VIII not interfere With
'ylnE out the plans rs announced,