| Show Will UNDERMINE EUREKA TOWN Walter Fitch Organizes Com Corn Company Company pany for Novel Work in Tintic District Walter Valter Fitch and associates have hare or organized the Eureka City Mines Mints company with YUha a capital of hares par JU 1 for the purpose of t acquiring ng the right to tomine tomine tomine mine under the boundaries of the Eureka Euraka townsite in the camp of Tintic Mr b announces that his h l company col pany is 1 prepared to spend in the attempt to open up bodies of paying ore under tile the streets and dwellings business houses and rail railroads ranI railroads roads road in the town and he lie Is 15 sanguine of success A novel method of securing the right to do this work has been hit lilt upon Ullon and Itis nov being enthusiastically subscribed to by the people of ot the mining camp Mr Fitcha company Is te executing con contracts contracts contracts tracts with property owners in which It Itis itIs ItIs is agreed that no mining or mine open openings openIngs openings ings will be made nearer the surface than roo feet rt and that all property owners shall receive stock in the new company on a basis of 1000 1100 shares for each acre of ground signed sighed ed up As the property In the townsite is cut up into small lots not many If any of the resident property owners will receive aa as much as 1000 shares sha but bet in the tile aggregate quite a lit little littIe tie tle of the stock will be Issued I ed edCor for Cor this title purpose Not it a foot Coot of work vork Is 15 to be done until at least the portion of the townsite which the company wants to prospect has hils all been signed up under the agreement out outlined outlined outlined lined but as there ID is I no opposition at all aU aUto to the scheme the advantages of which the people of the place fully full appreciate and as N A Robertson the attorney who is looking after the matter Is on the ground hard hanl at work It is ex expected expect expected that everything will wilt be ready for forthe forthe forthe the start in a short time When Whon the time comes work will be started from the 1900 1800 foot level of the Chief Consolidated corn com company com compan pony pany pan with which the new company has arranged working privileges The Chief Consolidated ground adjoins the townsite lines so it will wili be no time until the search for ores will begin under the town Maybe the promoters of the new company know something about the value of that ground already alread |
