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Show READY TO EXPLOIT BINGHAM BONDS For the purpose of funding the float- ing debt of the Binglrhm Consolidated Mining and Smelting company the management has mortgaged, tho properties proper-ties and holdings of tha company for $1,000,000, At a meeting of the directors held recently It was decided, to borrow a million dollars, that being the only means by which tho objects of the corporation can bo attained. A mortgage has been given to the Federal Trust company, and the Bingham Bing-ham company will Issue first mortgage, mort-gage, 6 per cent, gold bonds, bearing date of April 1, 1904, and maturing April 1, 1914, Tho property mentioned in the mortgage, filed yesterday in the office of tho Count Recorder, Includes twenty-six patented claims in Bingham, West Mountain mining district, a part interest in other propertiees and the mill sites, machinery and power plants of the company, including the smelter In Salt Lake valley. Tho bonds will be disposed of only as the needs of the company require. |