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Show I OAVLi GUT II TIE mm" Directors on Saturday Rescind flif Assessment of Kouiy-ivo Jgf Cents a Share. El'. CREDITORS TO SUE ' ' If FOR TilEIIl MONEY jft .Will Give Ample Opportunity Wil for Redemption IiyJIicMi- .. - norily Interest. B'. A very important step wh3 taken by iV, 'ho directors o the Honovino Mining m' ' nnd JitUlinpf company Saturdny jnorn- Hn; inpr, nnd it is safe to say th'nl for tlio r ilviH tiino in several months the entire BRU list of irouerino stockholders are B t )Kca thing1 ensy aguin. It will bo re- called that the board late- in 1!)07 as- '. sesscd the stock -lo cents a share for UK i lho the purpose of bringing in mm r I ,t jnoncy to pa ofi' all the, indebtedness ' of the organisation. This assessment, , ivas postponed about a. month ii0, ,ow- .Mi(rj jng to the acute financial stringency PM?r then existing, and which is not. a great SMx, deal better at the present time. Tlic ' delinquent salo day by virtue L'v of this assessment wan to havo been ?.' lteld earl- this week, and it was safe to '' predict two weeks ago that not over t i"1.' a fhousand .ishnics would have been I paid on. Yesterday morning the board I of directors rescinded tho 45-cent as- sessmoni. President George A. Bnird j j". is not expected in Salt hake from Chi- ; ' cago until Monday or Tuesday, eo any I statement regarding tho significance of 1. j il this now step would be conjecture, but iml- ' tho only way this action can bo figured !' :v out is that the board desires to protect f . the minority stockholders. Tlio creel i- k tors of tho company enn now step in :e, and bring suit for "their money. This S; will mean from eight, months to a year M or more, perhaps. duYmg which period the minority stockholders can make ar-Taugcmenls ar-Taugcmenls to redeem the property l" from a sale on foreclosure. Should the ' assessment havo gone through as J 'planned those who failed to pay on Jjt ' iheir. stock would havo had no chance 1 F.- whatever to redeem their interests. I Thus, from chaos is brought some or- j! dor for the official family of the llou- j crinc, and those who have been antici-pating antici-pating complete loss of their interests n' can. see plenfc" of time ahead in which J some arraiigenicnts can bo made to I. place,' the company on a clear sailing ! I basis. As stated in these columns some -j. time ago, the only snlvation for the . Ji Honerino was for a great Stockton con- 'IT snlidatiou to lake place, with the Hon- C j erinc as tho nucleus. - Those behind ' the consolidation would necessarily a, jjji have to command large capital and a si certain amount of daring, for the mine Si either is capablo of mnlving a splou- V m did producer or a splendid failure. m tji Among the minority stockholders tei f' there aro numerous one's who feel that II jSt-lj the. llonerme on deep development will I pSjjL, prove ono of tho star mines of tho Fdn western country. Their holdings were : &jb, acnuircd lamely when the stock was i BJ, selling for $5 or thereabouts, when the ijjlr stock was generally considered cheap at JiAuj the price. There aro many properties PSsjl' close to and around the Ifouoriue that lnilll are exfcrt'mb' valuable, and when the ijgjj webs of uncertainty have been brushed "iIh ;uvnT :1S is predicted yet in 390S, tho liilffl camj) will undoubted' witness a re-UrfAJj re-UrfAJj .iuvenation on large lines, with lb 4 IfjWjij. Jlonorino as the central figure. |