| Show THE 00 OPERATIVE PLAN OF WORKING MINES 7 we wa yesterday briefly al allele alluded lule to tile plan a 0 organization adopted by the utah mutual matual tunnel and silver mining company of bingham canyon and solicit ing it to bo one ona of ike 60 very boat best plans ever introduced worling working mines mines ori or the co principle wil we will give our readers ao an iaci addi of it so go that those who choose chomio to adopt it I 1 for I 1 or the of securing capital for tho the do of meritorious property can do so the rho plan is by bi no maani beani new having havin been io in operation in some or of the tha man mining distri districts cis of england fur for the last two hundred years unlike common stork stock companie campania its peculiarity consists consist in a asking ki only a yearly interest on the ilia p pir ar amount of flock issued instead or of the pil at some discounted rate as is ia now the MSO thus thas it will be ba seen thu that only a develop log capital is asked for on the estimated value of the mines for far the purpose of worling working them to adv adran in tage intal of m absolute sale bile which leaves but poor chances for divin diri i bendi in the majority of cases to allu a contract certificate is given to each cico sub briber for one share representing a hundred dollars upon which he is a required to py par tt a yearly interest of ten per cent five per cent upon the delivery or of the llie certificate in an I 1 fire per cent at such other oilier date as may bo be named and this is to be continued until five cara interest is n so 50 paid when the holder of the certificate will bo be entitled to receive another from the company for one hundred bundred dollars full paid stock in lieu of tho the one ona first issued to him in the meantie amo the directors guF guarantee rantee an interest of two per percent cent per annum un tho the par val till no u of the firt issued which really amounts to twenty per cent per annum annual on his hia actual investment in addition to this if alie property develops and in ia worked to 0 o a paying adran tage the subscriber ii H entitled to his pro rail share chare of the profits accruing from tho the mine maneja jut ju t ai much a though he bad paid par value for this stock ilsock in tho the first fai t place wo we believe that no by that can be devised could be ba fairer than this for in the event of total fail failure arc ein e in n only lose lane in tile the courso of a year on an im estment in a hundred di doltar tillar chire boire 10 minus minai the interest I 1 guaranteed on the par value or of tho the stock which amounts to 2 reducing the alio actu lu latea to 8 on every hundred dollar share while the chances are all in favor of f the investor where good property is I 1 the he bai laris baris i is of the operation As an investment for tho the million or sa as a plin plan for speedily developing the vast mineral riches of utah it his has our most moat cordial support and we trust it may grow in fiver favor with all our mining districts for it gives to mining that legitimate giLi Mate character which should belong to it and divests it of that gambling and nature billich has brought mining minine operations into so 60 much disrepute of late |
