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Show WILL NT MO PRESENT HOLDINGS Continental Mines and Smelters Have Enough on Hand at Present. President and Manager Henry M. Crowther of the Continental MIiicb and Smelters corporation Btated Thursday that reducing the capitalization of thnt company wns docldcd upon laat December, De-cember, and for tho purpose of complying with tho laws of Utah the amendment wa.s MIcd In the ofllce of tho Secretary of State Wednesday. Have Sufficient Property. When this organization wns first perfected per-fected It was the Intention to ha -c the capitalisation at a point equal to the eampalfrn then planned of accumulating mining properties In tho State and elsewhere. else-where. Last year, however, tho directors decided that tho preeont holdings of I ho corporation were autuclcntly cxtennlvo to keep the management of tho company moro than occupied In giving such Interests Inter-ests tho attention that their Importance demnnded. In Fine Condition. The affairs of tho corporation aro In magnificent condition and beforo them for the present year Is n campaign of improvement im-provement and production never before attained by tho management. The promoters pro-moters of tho corporation, It wns learned Thursday, recently turned Into tho troas-ury troas-ury one-half of a million dollars, thereby emphasizing to the stockholders tho value of their possessions. |