Show FIST FIRST ASSESSMENT FR FOR BECK TUNNEL Uncle Jesses Pet Mine Needs Money Three Others Are in Line Lne After having fought valiantly valanty for a along along along long time tie to stave off of the Inevitable Uncle Jesse esse Knight Kight was wa yesterday compelled to consent to the levying leving by his pet mining company Beck Tun Tunnel Tunnel nel nd Consolidated of ot its Is first assess assessment assessment assessment ment Beck Tunnel was one of the ment first fir of Mr M Knights Kights mining ventures to make good Pay ore was wa encountered encountered encountered almost the day that the con consolidated consolidated company te was wa launched and andI It I made good so plentifully that the thelast thelast thelast last assessment levied by the old com corn company company pany was returned to stockholders stockholder while wa following It I rapidly were dis disbursements disbursements of ot the total of In dividends Then the rich ore or was wa exhausted Production has ha been maintained most of the time but the ore has been of ot ottoo too low grade to pay for both operating expenses gade and ond development development Mr Knight has been confident from the first that rich ore bodies would be found at depth In Beck Tunnel ground gound His faith Is shared by hy nearly everyone everone who lives in the Tintic district district with wih the result resul that Beck Tunnel has been strongly supported 1 When the new shaft was sunk In the I north end of the property first to 1000 feet then to 1200 lOO feet teet depth it I was wa believed feet that a bonanza would be opened almost Immediately But ex cx extensive exploratory work In the lower levels has ha failed as a yet to bring in inthe inthe inthe the strike the balance on the wrong side Ide of the ledger has in the meantime steadily advanced until it I is said sd It I now ap approximates approximates approximates Despite Despie the hope bope deferred Mr Ir Knight has ha never neer lost faith in Beck Tunnel he has steadily resisted levy levyIng lev levying Ing an a assessment believing every ever month that before another 30 days should roll rol around the ore would have been encountered He has finally finaly had to yield to ave the credit credit but he given up hope bope he Is Isas Isas isas as confident as ever that Beck Tun Tunnel Tunnel nel nd will wil yet give up much greater geater wealth than It I has yet yielded Other Companies Assess Beck Tunnels Tunnels first firt assessment Is for 1 cent a share Other Knight com corn companies paies which yesterday y levied assess assessments assessments ments at the meetings of directors held In Provo are re Black Jack 1 cent Indian Queen J 4 cent King David 11 14 I cents cent Neither Colorado Colordo nor Iron Blossom declared a a dividend Their first frt quarterly quarterly quarterly terly dividends were paid in March but they were declared at the February February ary meetings of directors rs There was wa ar some criticism of the action acton having been taken so long In advance advance It i hav hay having having ing lug been insinuated that Its Is purpose was wa to affect the market action acton of ot the companies stocks sto ks Now NoW when the action Is deferred deterred until the te month In acton which the dividends are to be paid those who are difficult to please are areso areso areso so unkind as a to suggest that In the case of Colorado Colordo at least least the real reason for deferring detering action acton Is lack of funds to assure asure the paying of a divi dividend dividend |