The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1919-08-14
TARBOX MANAGEMENT
PLANS ARE OUTLINED
DIRECT ALL EFFORTS TOWARD
BUILDING MILL-A LETTER
FROM BUTTE FACTION.

The management of the Tarbox
Mining company is now in the hands
of an executive board of managers
consisting of the following directors;
Richard Daxon, of Wallace; Adam
Lieb, of Wallace: and, John Lewis, OF
Taft, Mont One of the first acts OF
this executive board following the
late unpleasantness" was the issu-
ance of a circular letter to the stock
holders outlining the plans OF the
management, from which the follow
ing is taken:
Stop Underground Expense.
'"rhe raise from the 1000 lever IS
now up so feet, in a large body OF
high grade milling ore, much OF WhIch
could possibly be hand sorted and
shipped at profit. Mr.. Daxon re-
Gently returned from trip east Where
he spent some time in the interests OF
the company. He made a persistent
effort to interest capital, but owing 10
the unsettled condition of business az
object of his mission before being
called back here to attend the annual
meeting of the stockholders, which
was heldain Wallace July Il.
"At this meeting new board OF
directors was elected, and board OF
management was created to direct
and manage all work at the mine and
all expenditures made by the COM
pany.
1T Is the intention of our director
ate and management to suspend all
underground operations for the pres
ent and concentrate our future efforts
and means toward the construction OF
n mill lit has also been definitely de-
cided, and passed upon by our d.
rectorate to finance the company, to
equip the property with an up-to-date
mill on an assessment basis, or until
such time as market can be found
for our treasury stock or the company
financed from some source other thar
assessments.
Build Mill.
"The management intends to begir
a, once the installation of the Watel
power which will mean an expendi
ture of approximately $4,000. Whel
completed and utilized this will effec
saving on fuel alone of from $7oO u
$1,000 monthly, In order to take ad
vantage of favorable weather condi
TONS we must push operations a
rapidly as possible. The mine is de
velopng splendidly Large bodies
high grade milling ore are now expos
ed on the 500 and 1000 levels awaitin
"A mill. 1t is the concensus OF opin
ion of all well informed mining mel
who have recently made an examina
ton of the property, that 1t is now
mine, and that it is now only ques
a mill to place the property on sub
stantial and dividend paying basis
will be the policy of the managemer
to put forth its best efforts energ
and determination to promote, fin
ance and further the best interests {
the company towards equipping tn
property with an up-to-date concen
trating plant"
The board of managers spent sev
eral days at the mine last week civ
ing their attention to carrying OF
the plans outlined above, and all this
appears to be required is the loy'
support of stockholders to carry II
plans to a successful conclusion
Letter From Butte Faction.
The Butte faction which attempte
to Gust Richard Daxon at the recer
meeting Of stockholders headed
George l.. Gagnon, Issued a letter
the stockholders under date of Aus
ust 4. which was chiefly devoted
an appeal for financial support
carrying on the fight against nj
Daxon The Miner hopes to see tn
difficulty settled without a resort
the courts 1t is hard enough to d.
yelop a mine at best and when II
stockholders have accomplished II
task through many years of effort an
the expenditure OF much cash, 1t
certainly anything but wise to Ell
courage factional fight that prom
ses to delay and possibly depri'
stockholders from receiving retul
On their investments. In the case
the Tarbox, there appears to be I
difference which can not be satisfa'
torily adjusted. and stockholde
should insist upon this procedu
rather than to encourage an appeal
the courts
STEWART MINING CO.