Show WILL ISSUE BONDS Company Wants to Crowd Operations Directors of the Mining company compan met in Boston Tuesday after afternoon non noon and voted to ak ask sto holders to au authorize authorize the isue IssUe of 0 5 per cent ten tener year er bonds convertible into stock after Jan an 1 10 1907 at par s per share A stock stockholder stockholders holder holders meeting to act upon this wI will be beheld held June 28 says sas the News Bureau I It is proposed to Issue but 00 of thee these bonds at the present time the pro proceeds cees to p pay for the building of a rl rail railroad road spur to the mine mines the building of a tramway and the Installation of a corn com presser plant plant The director directors are consIdering the erection ton tion of a smelter of 5 tons capacity also a concentrating min mill to handle te the large amount of ores which Engineer Pease says should receIve ealy early attention but this is a mater matter for future rather than present consideration The directors of the corn com company pany feel warranted by the conditions In pushing development work and not rely relyIng Ing on the present slower pla plan of paying for development a and Improvement Improvements from the marketing of ore ore The Utah Consolidated an adjoining property recently made an important strIke in the northwestern part of tat that property running into terr tern to tory samples of which assayed 12 to 15 per cent but this it is alleged was kept out of the Salt Lae Lake and Bingham paper papers The management Is devot deot in ins a lare large share of it Its development work to the tune tunnel which should rech reach al all the known ore bodie bodies in the group of mines at depth This tunnel sti still ha has about 10 1000 feet to togo go to reach ore 10 ble I It Is believed that with jud judi judiciously expended the property en can quickly b be place placed in a condition to pay small div but the heading leding Interests In the company bleve believe that the ha has greter greater possibilities than this ad and stock stockholders holer holders wi will b be asked to authorize an is issue Issue sue of bonds so that the OO s tha company wi will b be in a piton position to issue thee these bonds at any time it is considered advisable for forthe forthe works work the company to build is Its own reduction |