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Show CURTAIN FALLS UPON THE H0NERINE COMPANV It may smack some of ancient history, but the fact Is on Saturday, February 13, Use evilly of redemption expired as to tho Honorlne Mining company, and as far as can be learned this means an end of the company. The properties .of tho old organization go to the creditors, tho Buhl-Kimberly Interests, in payment for a debt too overwhelming during tho panic period for the .stockholders to surmount, sur-mount, and nothing was left but to allow the proposition to pass to those entitled to tho name by virtue of debts long due and unpaid. This rings down the'eurtain on what was onco known as ono of Utah's great lead-silver mines, tho great-nst great-nst mine in Stockton, and one that was considered well worth tho high price at which tho stock sold just prior to the beginning of Ihe-end Tho stock whs above ?5 per shuro. and It waa thought cheap nt the price. The minority stockholders stock-holders last year hoped for a tlmo to moel the obligations of the company, but on top of the panic, and a somewhat unfavorable un-favorable report of an expert engaged for examining tho mine, all plans fell through. Tho question now presents Itself as'to what the new owners will do with tho property. A year or so ago, President Geonjo A. Balrd In an Interview suggested suggest-ed that the tunnel should be sent on Into the hills to a great dike which was serving as a dam to hold back the water. Until the tunnel had lapped and drained this accumulated water, it was not possible pos-sible ?o attempt sinking to lower levels where, hi all reason, thero should be found RTcatr-r resources than those on and above tho tunnel level. The Uoner-Inc Uoner-Inc Extension company Is sending workings work-ings ahead on the upper level with good results, virgin territory responding generously gen-erously with ore. and Mr. Balrd's prediction pre-diction that depth would give similar returns re-turns may encourage the present owners to resume development work. |