Show SHUTS DOWN OK OX TJ U S S Company c Uy Will wm Offer er New few x Stock te ta Bise Zise ki Smelter alter oBey Money Special to The H Boston Botn Bo Nov 2 Bondholders of the United States Mining company have been notified d by President Evans that the balance of the of 7 1 per percent tent cent optional bonds would be canceled arid nd no other her bonds issued la on the prop property property property erty The company will offer instead to bondholders the right to subscribe e to t I shares of new stock in the com corn company 1 any pany at lit 15 per share abare thus giving MOO 00 t I which amount will Ill be sufficient to build its smelter and place the com corn company company pany pan on a producing basis ba next year It is considered better policy by foy the States management manae t to increase e ethe the stock nock issue than to increase the indebtedness as U such Buch bonds constitute a preferred claim upon the tomi revenues until the interest charges hargee are paid To date only 40 per pr cent eert of the pay nr 15 on the bonds have bave teen Leon calleo calle Which payments were to be made ll 18 10 jr I sat ent nt at a time so o that the out bonds bond amount to only 3 |