Show MORTGAGE FOR 100000 Ophir Directors Sprung a Big1 Surprise Sur-prise Local shareholders or the Ophlr of Statelino are In receipt of a circular letter sent out from the general of 1ccs at Detroit Mich In which they crc advised that on March 1st last there vvis plncrd on the phat and properties proper-ties a mortgage in the sum of 100 000 to secure ths payment of liOO bonds of the denomlritlin of nOO and that are drawing Interest at the rate of 5 1 1er cent The proceeds of those bonds the shareholder is informed arc to be UEKhl to secure the outstanding In dtbtcdnias of the company and also the loans which at the request of the directors di-rectors some of the stockholders have nlready made Some of I be shareholders It appears have not responded to the request however and the latest circular Threatens if an ante of 5 oonts a share Is not made by July 1 1002 to cause tire mortgage to bo foreclosed ns soon us thin Cin too done under Its terms Of course continues the I circular should all stockholders respond there will be no occasion to resort to foreclosure fore-closure as the company would then have in its treasury funds sufficient lo meet the present outstanding obligations obli-gations lor labor and material and also to furnish a working capital sufficient to demonstrate the value of the property prop-erty To at toast some of the local shareholders share-holders the confession that si 100000 mrrtaugc had been negoMntod is a revelation and a little more laundering launder-ing on the subject will be requested before the tender request is re hponded to They have learned that Prank C Andrews the dashing lana cier1 his crushed in the ribs of not a email part of Detroits population and deny his right to introduce lie pastime In Utah without a license |