Pueblo chieftain., 1921-02-03
BY j. CORRY BAKER
jSnccial NVriter1

| When the annual stockholders meet.
! ing of the Giant Eclipse Consolidated
Mines company was held in Salida or
January n, there was plenty of stocl
represented by proxy, bNt the man
aSement were not satisfied with the
small personal attendance. The fact
that most of the companys Stockhold'
| crs. numbering nearly one thousand
| live at great distances from Salida
and railroad travel now being cNccs-
sivcly expensive. probably accounted
) for the stockholders failure to attend
the meeting. and taking this view of
it, the management decided to adjourn
the meeting to Pueblo. This was done
after complying with legal require
ments in electirS directors and trane-
acting necessary business at Salida.
There being quite n large number of
Giant-EclipSe stockholders in Pueblo,
it was felt that a meeting held here
would bring out a good attendance,
and this expectation was realized in
the large crowd that filled the dining
room at the Royal hotel last Saturday
evening.
The meeting was called to order by
President Clyde II. Jay, the widely
known mining engineer who is gen
cral manager of the Giant-Eclipse
mines. A financial report of the com
pany's 1920 operations was distributed
to all present and read by Mr.. jay,
who then invited questions or COM
men Us lToDl lu' SluthllplutlSs Eh's'i -
few of these, it was moved, seconded
and unanimously voted that the stock
holders accept the report with s1tis-
faction and qualification. and that the
management be commended and
praised for the efficient and economi-
cal handling of the companys affairs
during the year. In connection with
this vote of confidence, a prominent
Pueblo business man who holds a large
block of Giant-Eclipsc stock. briefly
addressed the meeting. calling atton-
tion to sorpe features of the financial
report. In part he said: THE great
developments and progress made and
being made by the Giant-Eclipsc Con-
solidated Mines company, and the very
gratifying financial report which VIC
have before us, proves fact which
many of us have long realized. but
which some may have overlooked. at
least in some of its aspects. and that
fact is this: that our company is en-
joyinE the benefits of management by
highly skilled and unusually able men.
who constitute team hard to equal
anywhere. Mr.. Jay. spleudidly edu-
Gated and trained by long experience
as a chemist, assayistand mining en-
Eineer, can earn and receive ten to
fifteen thousand Collars a year. with
some of the biggest mining companies
OF tho west. and Mr.. Ream, our sec
rctary- treasurer. has the financial and
executive type of mind which is so
rare and in such demand as to entitie
him TO name his own figure for his
services in some of Americas greatest
corporate businesses. He. too. is at
least a ton to thousand dollar
u year man. But, I call your attention
to tho fact that there arc no entries
Of such salaries, nor any salaries, in
this report. for tho superb manage
mcnt and devoted labor which these
men have given to tho Giant Eclipse
Consolidated Mines company. wo GER
tainly should consider ourselves for
tunatc in having the continual services
OF such men as these, given as they