Show ASSESSMENT Directors Call for or Cents a Share on Issued Stock TO PAY DEBTS BIG AMALGAMATION OF CAMP MINES IS PLANNED The new directors of ot the Honerine Min Mining Mm ing jn company held another long session esterday yesterday and at Its termination It was announced that an assessment of ot 45 cents a share sharo on the outstanding stock had been teen levied It will be ho delinquent Dec Dee 7 7 and sale day was set for Jan 11 Fully paid In this assessment will give the company approximately which It was officially stated would a lIttle littie more than wipe out the compan Indebtedness In the meantime there Is Isery very ery little doing at the trie mine outside of ot keeping up repairs and such uch other work as the management deems essential to the th best Interests of the property and the tho company Speaking for the directors ami officers of the company George W Riter Biter vice president stated that moves looking to the final combination of the with other mines in the district were ere being made and he was at liberty to toI tate state I that the Honerine e company was not no the only one concerned In taking the Ini mi Initiatory initiatory steps in the matter It was too early carl hi h said to outline plans or say sa Just what might be done but he ha confidently confidently dently expected that the tho movement would result in the amalgamation or coalition of ofa a tL number of properties In the camp that are tributary to the great drain driven by b the Honerine company and which opens that mine at a depth of 1300 feet This tunnel said Mr Ir Biter Riter has drained somo some of the properties In the camp and its extension through the great porphyry dyke that cuts through the country near the eastern limits of Honer loner Honerine Honerine ine the ground would practically drain the district It driving the great drain tun tunnel tunnel nel nd the Honerine company has received some little assistance from neighbors but not much It Is hardly to be expected that the thO company will wilt undertake the fur further further further ther drainage of the district without an understanding with those who would be benefited If our company discharges its Indebtedness as it is i planned to do with the proceeds of the assessment just levied we 0 shall be in shape to talk talle business with our neighbors and if it results in a corn comp of interests Int rests we shall shan have the satisfaction of that we have no debts to menace our position in the game gante HL LL It is therefore apparent that ina no plan pian is isto ISto i ithe to form a big company to handle all an of the mines of the District or as many of them as can be made to realize the bene benefits benefits benefits fits to be derived Great bodies of lead leadore leadore leadore ore have been b en cut by the drain tunnel and there are still other veins to be opened by b it The position of lead In this coun country country try tT Mr Ir Riter Biter considers to be much stronger stron er than appears on the surface and his investigations quietly made have con convinced vinced him that the time is ripe in Stock Stockton Stockton Stockton ton to make a combination that will re redound redound redound to the great financial of all concerned concern Id That Pnat the matter has been left lett largely In his hands to round into form formby formby formby by President George Geor e A Baird aird ing the largest larges holdings in the company com pan seems certain and that he is the man to todo todo do 10 it will be readily conceived by b every operator Interested Int rested in the camp |