Show ON w Company Compty Will Take Ta Over Prop Property arty erty and Resume R Operations Operation I Secretary Ed 4 d K F 1 Barnes Barnell of the old company and aDd chairman of a attee committee that has bits in hand the tile reorganisation of the proposition bu ha has sent ent out a circular from Boston explaining the thelie scheme lie As Ala is III generally known the prop property property erty was months since for debt Some of the Ute big bAC eastern rn shareholders bought it in but they Y are apparently willing to play fair with the other stock tock stockholders holders sad and ar as a many ny of them as aa a care to tomay toma tomay may ma participate In the reorganisation scheme proposal L The Crown Point consolidated Con oUM ted Mining company heR ban been organized with a cap 51 Hal Ital of 01 O shares hares par n 1 to take th property PIO over It is the Intention to place snares Shares in the treasury ury Those who the old ono worth of ot bonds I bon are to be given shares of stock In ia the reorganized company for forand fora a and the old of the company are to be allowed to subscribe for the remaining 18 of rf the new company according to their holding I In the old at 30 ro r cents ct a chart chartIn la In ease case all an of this block blk of stock tock is ia not taken that which h is hi left If ft will be he converted f into the treasury along with the Tough Through the sale Ie of the shares it Is III expected that will wUl be raised This ml Tb will provide money enough to wipe wi oat fat tile the old debt and give the new com coin company company p pany ny a surplus of more than which to go SO to work whether the OM treas tress treasury ury 11 tock stock is D touched or not The Sh properties at Bingham lie directly south of the and Mystic They are all an patented and equipped eqUi with a good milling plant The Tbt ground Is 18 considered const very valuable and with a good treasury to begin with ere iere Is no DO reason ren why one of the best beet pro producers of f the camp mp should not sot be de do dovo vo Aa Am it now stands the day of redemption of the Ute property by the old company comy will wilt willes empire Ite on OJ the day of next month If It the shareholders care caN to participate on Oft the tile terms mentioned and thus tha save Ave themselves from total loss lose they have a ato chance to do It Whether they get pt in or not Ute the new flew company will be sure to take hold and again open the mine all aU of ot wN Which wili be good news DeWIt to o Bingham I |