Salt Lake Herald | 1905-09-17 | Page 26 | Ontario and Daly Assess

ONTARIO AND DALY ASSESS i j Each Company Callson CalIson c lson Shareholders For a Share Following the action aton taken take by the time Ontario Mining company in San Fran Francisco Francisco cisco cis earlier earler in the week the Daly Dah Mining company on Friday levied an ana assessment a of ot a share bae on its It cap capital ital stock stok The Time amount amount pf t the e levy leyy is the same in each ech case ae and the sum um to be realized is identical namely nameh While both bUl companies have struggled along in the hope hODe that it i would not be l necessary to call can on the shareholders ers ens for fol assistance a long siege of bad ba luck has lIas made the levies imperative Uve I Just Juat at the time when the time Ontario was getting in 11 shape to mal good money mone I again it suffered the tho loss lo of its is hoisting works by b fire fre Later the Ontario and Daly companies undertook the he task of extending the tIme drain tunnel tum el level from the time Ontario through the Daly Dah property to the This TIlls wor nori cost coat a great grat deal of or money and just before it was wa completed and the corn com companies COl penis were getting read ready to tu turn tum time the tl timework work of driving farther over oye to the the time ca caving Ing of ot the drain tun tunnel tUf nel no occurred and flooded the mines With the managements hands thus tied and with wih no possibility of making money to meet the te tremendous ex cx expenses expanses I that were and are still i being in incurred InI I It has bas finally come to a show showdown shoWdown down and the shareholders will wU be compelled to make mae good goodAt goodAt goodAt At the present time the time task of working around what is unquestionably the time last stretch of caved cave ground gound In the drain tunnel is progressing nicely nicely and ad while it is i i impossible to say what damage dam darn damage age may ma have ha vc been done in time the the mine workings since the tunnel was wa there Is no doubt that the time tunnel l i will willbe willbe be b restored during the next few months and nd that the properties will wUl be drained To keep the work going goins however there was nothing to do but assess On learning of the action aton of the corn com companies panics a a well wel known wn mining operator who has large lage Interests in the time Park fat stated a ted during the time afternoon that he Je considered consider d it i would be the right thing for some of the other big companies to jump in and help the Ontario and Daly as the time draining of at those tho mines w as of material materia benefit to not a few of o the tE th surround surrounding Ing properties S