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Show FAKE TUNNEL SCHEME FALLS TO THE GROUND DENVER. Colo.. March 10 Because of the arrest of H. H. Pain, a member of the board of directors of the Transcontinental Transconti-nental Mining. Tunnel and Transportation Transporta-tion company, hi London, yesterday, a thorough Investigation of the affairs of the company will be made. The company has been ilnanclng'the vidlcr tunnel In the mountains west of Georgetown. Colo., nnd moat of tho money Invested was obtained in England. Pain was placed under arrest for alleged al-leged misrepresentations. He in said to have told stockholders that the prospects of opening up large ore bodies wore much gruater than they actually are. Gcorgu biiyder, former assistant State mlno inspector, in-spector, made a report on the project, which Is said to have given It a setback set-back The company filed n petition in bankruptcy bank-ruptcy December SO. 1007. Ita liabilities are SCS.S15. No value Is placoT on the assets with the cxcoptlon of about $11,000 worth of personal property, mnchlnerv, bulldlncs and mining claims. |