Show LOWER LOVER MAMMOTH CAllS FOR Directors Decide After Mature Deliberation Not to Is Issue Issue issue sue Bonds Yet EQUIPMENT FOR STARLESS COL COLWALL WALL PLACES MACHINERY ORDER OF MOMENT MOM ENT The directors of the Lov Lo T r Mammoth company held a meeting af afternoon afternoon afternoon and after mature deliberation decided to levy an assessment of 5 S cents a share on the capital stock of the cor corporation corporation This will place lace at the disposal of the management for the fur further further further ther development of the lower levels of the mine During the session the matter of ne negotiating negotiating a loan or issuing bonds for forthe forthe forthe the purpose of raising a fund with which to send the main working shaft down to the 1800 or level was gone Into fully fuBy and it was finally decided to defer action for the time being boing at least The great mineral bearing fissure of o the property has now been opened for a depth of thirty feet below the level and it was decided to continue the wins winz on down downto to the level lovel and prospect the channel there before taking action on the proposition to place the mine in shape for heavy heay production by sinking the main shaft It is understood that the directors of the Lower Mammoth company and their immediate business associates control more than of the stock in the company The fact therefore that they the deem it wise vise to pay an assessment and continue explorations under the present system for a time before going to the heavy expense that the raising out of the main shaft from the tunnel level leveland leveland leveland and its sinking another to feet teet would entail must be taken as representing representing representing the best judgment of those in inthe inthe inthe the company whose interests are the heaviest |