Weekly journal-miner., 1916-05-24

the stockholders of the Loma Prieta Mines Company, under reorganiza- ton, which was held in this city yes terday Optimism regarding the fu- ture of the corporations valuable copper holdings in the Copper Basin district, and confidence in the director ate of the company and its ability to handle affairs to the best interest of the stockholders as whole.
 Approximately S00,OO0 shares of the outstanding capitalization were represented either in person or by proxy; and these shares were voted as unit in expressing confidence in the board of directors and officers who have been in charge of Loma Prieta affairs since reorganization of the company was perfected. That fact was best evidenced by the action of the stockholders in re-electing the old board of directors, the latter, ill turn, re-electing the old officers. The officers and directors are:
 T. G. Norris, president; John Live zey, vice-president and general man ager; O. A. Hesla, secretary and treasurer. The before mentioned, to- gether with R. H. Burmister, John B. Livezey, E. J. Mitchell and B. V. Woodward, compose the directorate.
 General Manager Livezey rendered a report on the conditions at the com pany's property, stating that the shaft was being sunk from the 100-foot to the 200-foot level under contract, and that it is is solid body of chalcopy- rite ore from the S5-foot to the 125- foot point-tne last mentioned being the present depth of the shaft. In closing his report MT. Livezey said:
 "We are glad to state that the Loma Prieta has emerged from the confus- ion, that seemed to usher in the ad- vent of this new property, its present thrifty condition being wholly due to the loyal cooperation of inc gentle men who are now representing the directory of this company. We nope and believe that the directors and stockholders will stand unit in the sincere determination to bring this enterprise to the success we feel as sured Of
 "The operations at the property arc disclosing most satisfactory results the ore more than keeping up its quantity and values.
 "We thank each stoekholder for the generous support they have afforded us, and wish them to feel that the i'm portance of the smallest interest is identical with the largest, in that each owner will receive the same careful attention and privileges.
 Come out to the property at any time and see what is there. It isl easier to be confident and enthusiastic after seeing the fine showing.
 "We believe in cooperation, and also in preparedness for large under takings, so it has been decided to of fer for sale block Of treasury stock to give few more the opportunity oi profiting from the riches of Yavapai county.
 "They are right here at home, let us uncover them and enjoy them to the fullest"
 The report of General Manager Livezey was supplemented by that of T. c. Norris, president. The latter spoke in an optimistic strain regard l ing the future of the Loma Prieta Company as factor in Yavapai coun- tvs mining industry, and in so doing ! voiced the opinion regarding the Loma Prieta property expressed to him by J. F. Petcrmann, of Calumet, Mich, a gentleman who is prominent ly identified with the great copper and banking interests of the Lake Superior copper field.
 "A few days ago." said Mir. Norris, "J. P. Petermann, a gentleman who has thorough and practical working knowledge of copper ore and copper ore occurrencies, visited the Loma Prieta mine in my company. After looking over the property he express ed the opinion that the main orc body of the Copper Basin district is ex- posed in the Loma Prieta shaft and | lldl II VIII prove OllC Oi SSuSlOuS CA tent and value. He also expressed the desire to invest in Loma Prieta shares and requested me to communi- cate with him as soon as another allotment was offered for sale" The report of Mir. Norris to the stock holders of the Loma Prieta Company follows: "To the Stockholders of the
 Loma Prieta Mines Company. "Gentlemen:
 "This company has just finished a complete reorganization, consisting
 First: In increasing its board Of directors from three 10 seven persons, and the election of an entirely new set of directors and officers;
 Second: In increasing the funds in the treasury from less than $l00 to over S6y000 to resume work, which | Lad been stopped. Responsible con tractors are now at work deepening the shaft another 100 feet;