The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-06-24
PLAN FOR BINGHAM
COPPER TO RESUME
Affairs of Company Cleared
Away at Annual Session
Just Held.

Having held the annual Stockholders
meeting and cleared tho decks FOR ac-
tion. The Bingham Copper company is
now shaped for energetic campaign
| of development on its finely located
Bingham ground. At the meeting ap-
nrGoXimateiy re Kin 900 900 shares out OF INC enc
| represented, and the Following directors
President. Carl Brandt; treasurer,
Whcden. K. j. Evans and w. y. Bohm
| complete the board OF directors inc
directors were authorized 10 elect TWO
additional directors at their discretion
I The report OF the treasurer showed
that $50 600 had been expended in de-
velopment work. Manager Bohm's re-
| Ing the wear In which he showed thaL
over 1900 feet OF drifts and crosscuts
| had been driven during the ten months
OF activity. During tho progress Of this
work various orc bearing beds were
passed through, and finally the cele-
bratcd Dana fTssure was penetrated.
tinues, the Utah Apex company long has
considered the principal source OF the
orc bodies Of that section. and from
which the Utah Apex company. as rs
alleged in the complaint against 1t by
the Bingham Copper company. In the
Diamond Extension claim. owned Jointly
by the two companies, has extracted a
considerable body OF ore.
| lHulCdIlOuS falo pOOu-
But for lack of sufficient funds for
the time being IL Is the unqualified
loptnion of the Bingham Copper officers
| that enough ore would have been de-
IYeoped TO put the company on a paying
basis
The directors were given full authority
20 either increase The capital stock OF
the company or TO reorganize II In order
to meet the demands for providing fur
ther funds. They feel now that tho
efforts of some OF the interests inmical
10 the management have been so SIG
lnally disapproved by the stockholders
Ily rcadiuSt the finances, and 1T Is con
Ifldently expected that operations will be
Presumed within sixty days a the latest
In a statement issued Friday after
moon the officers. after consultation with
The able engineers in whose hands have
been placed the investigation Of mat
lDcighbors. feel that they can assure the
stockholders that their position is very
lStrong one, and that in the near future
their contentious must be upheld.
Generally the position Of the company
is the best It has enioiyed since Its
Formation The new management had
a large number OF. difficulties to clear
up. including questions as To Title. left
behind by the old management These
ldlfricuties have now been settled.
Conditions Satisfactory.
The physical condition OF the property
lis highly satisfactory and as good as
lC0uId nc expected IN the existing stage
lof development, and as soon as the
finances have been adjusted the com
pany viii undoubtedly start on an era
Iof prosperity.
The president is much pleased with
The showing made on the property since
his last visit 10 Utah. and is glad 10 bt
able 10 take back with him TO tho east.
Iern stockholders assurances OF early sue
lcess. He and his officers desire to as.
sure the stockholders that the property
win be managed for the best interest:
Of all concerned,
| The directors also express their ap
lprcciation Of the sweeping manner n
which Tho confidence OF the stoCEholdcr
has been manifested In them.