Show AMERICAN FLAG TO BUILD fl A MILL HU Shareholders to Meet and Vote on Bond Issue for That Purpose The American Flag company is going to build a mill at Its Park City properties during the tho present season President George H and Di Dl Director DIrector rector George P Holman were at camp during the week going over the ground with Manager W M Curtiss to select the spot at nt which the works will be built and in order that plans for the same might be prepared It has been decided by the directors of or the com corn company company pany that the best way to raise the money for this purpose is by issuing bonds and the shareholders have VI there therefore therefore therefore fore been beon called to meet in special ses session session session sion at Park City on July 11 to deter determine determine determine mine the matter The formal call for forthe forthe forthe the meeting metUng states the purpose as fol follows follows follows lows This meeting Is called for the pur purpose purpose purpose pose of voting upon and authorizing a abond abond abond bond issue secured by a first mort mortgage mortgage mortgage gage on the property of the company in such sum and on such terms as the board of directors may determine not exceeding the proceeds to be used for the purpose of installing and equipping a mill for the treatment of the ores the prosecuting of further de development development work and to discharge any indebtedness of the company The American Flag company owns own a most valuable and extensive area of ot territory in the Park City district lying between the Onta Ontario Ontario rio rho and the Silver Sliver King Coalition com corn companies companies panics domains It has been opened and partially developed to a depth of more than 1100 feet and ore bodies have been continuous from grass roots to the bottom A great deal of high grade ore has been market marketed ed and an thousands of tons of 15 to 30 milling ore have been piled plied on the dumps and left standing in the mine until now it Is Imperative that means of or handling this magnificent accumulation accumulation lation of dirt be pro provided provided vided Owing to the close proximity ity it to the developed portion of ot the On Ontario Ontario tario tarlo mine and the consequent danger of inundation the American Flag com corn company company pany has had to ease up on its deep development during the past three years ears but now that the Ontario drain I tunnel has been opened and the water has been drawn off oft the American Flag may cut loose again in its Us deep work workings workIngs workings ings The new move of ot the company is in line with what many properties in the Park are now preparing to do namely reach out for bigger results than ever before |