Show U S Companys Indebtedness The News Bureau of Boston discussing discuss-ing the bonded indebtedness of the United States Mining company with possessions at BIngham and the new smelter moving to completion in the valley says About a year and a half ago the United States Mining company Meuurod subscriptions J subscrip-tions to SOOl > 00 7 per coit bouuu rrd fm abln In llv or fifteen yonrs nt ontiun or j I exchangeable at or before maturity for Block at par with a sinking fund after I three yeara The bonds w ie oaerod ror subscription to stockholders each 51000 subscription entitling the stockholder to 1000 In bonds and forty ahnres of full laid stock Payments were to bo mudo 10 per cent at n time aa called but to date only 10 per cent has been culled milking the amount of outslundlnK bonds J32000rt Bondholders are now notified by President Evnns that the remainder of the bonds amounting to 3180000 will bo canceled and no bonds Issued on the properly It Is understood thai the company com-pany will Instead oflVr the bondholders the right lo subscribe lo 40 000 shnres of I I new stock of the United StnttH Mining J company ftt S15 per share which will give the company SGODGOO practically sufficient suf-ficient for all nerdsIn building Ito smelter and placing the company on a producing l basis next year The iminagoment con slders 11 better policy to Increase Iho Block lusuc by 400fto shares than lo increase In-crease the bonded indebtedness The present cpllal of tho company Is aboUt JOOOOO shares but IIJ000 shnrcs of this represents tho Centennial Eureka property which It Is acknowledged Is ca pjiblc of earning at least > C03000 per annum an-num when It Is able lo smelt Its own ores |