Pueblo chieftain., 1921-02-03
GIANT ECLIPSE STOCKHOLDERS
MEETING HELD IN PUEBLO

| are because these men have faith that
| they shall reap a justly large reward
| ly the value and dividends of their
Giant Eclipse stock. in which We all
shall share proportionatc to our stock
| holdings
| Other stockholders spoke along the
same line, until Mr.. Ream and MIR.
| Jay were visibly embarrassed and af-
| fccted. and they showed their relief
| when the vote was taken and other
| matters brought before the meeting.
| Mr.. Jay displayed number of large
| photographs of the companys proper
| ties on Monarch hill, showing the loca-
| ton of the limestone quarry and the
various openings of the mines. cspo-
cially the new Camp Bird tunnel which
starts within fifty feet of the railroad
track. He told of how practically the
entire face OF this tunnel at only forty
feet from its entrance is solid body
of iron pyrites shown by assay to
carry silver, and expected TO develop
richer and richer the further in the
tunnel is driven. He stated that tho
mana agemcnt had been wanting to start
a tunnel at this point for several years
but never were in position to do so
until recently, owing to lack of the
modern machinery which is now being
operated on this work. Samples OF
the ore from this new tunnel were
passed among the stockholders, who
viewed it with ordinations of pleas
urc.
Inspiring talks prophetic of the com
pany's early success on a huge and
highly profitable basis of operations
were made by McsSrs. Frank Il. Nor
tenson and G. Il. Randall. who have
been largely Interested in tho company
for several years. Mr.. Mortenson, the
popular North Side druggist. who is
Pueblo county representative in the
state legislature, was newly elected as
a Giant Eclipse director in the meeting
of Jan. 81 at Sslids- Mr.. Randall is
prominent banker OF Rocky Ford who
wac reelected vice president of the
Giant Eclipse. Ono thing forcioly
brought out in tho talks of various
speakers was the advisahility and need
of completing the purchase of the
Eclipse mino property in which the
company has expended large sums for
machinery and development work. This
property, rich in zinc, lead, gold and
silver. has been operated under bond
and lease for several years. Tho op-
ton on IL has considerable time to
run. but as tho royalty paid on all ore
shipments is quite high per cent the
company is planning to complete pay
ments on tho purchase price and Sc
cure full title by May or juno OF this
year.
4 pleasing announcement OF the cvc-
ming was that tho cornpany's mine su-
pcrintcndent, without suggestion or So
licitation, had lately requested OF the
management that he bc allowed TO
take stock for half his salary. begin
ming with January, 1921. He said.
This mine sure looks good TO nc" It
has not bccn the company's policy to
sell its stock to tho mine and quarry
employees. but tho superintendent will
be given tho privilege OF stock pur-
chase as desired.
As a closing feature Of tho meeting.
refreshments werc served by the Stafr
of the Royal hotel. and at this time.
before departing, quito number OF
the stockholders voluntarily increased
their holdings in the company by pur-
chase OF moro stock at its par value
$40 "A share