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Show BINGHAM ' BUTTE Bingham Property That Is Forging Ahead with Progressive Programme. Ouo of the most interesting and active ac-tive propositions at the present time in Bingham is the Bingham Butte Consolidated. Con-solidated. This is the property which Sam. II. Trcloar and Ins Butte. Mont., friends havo become largely interested in. The estate of the company comprises com-prises sonic twelve claims. At a meeting meet-ing of the board of directors held lately it was ilecutea upon to issue bouds to I the amount of $200,0U0, which fund is to be used to acquire additional territory terri-tory and to erect a mill. Tho bouds arc to bear interest at the rate of U per cent per annum and be iu denominations of $000 each. Thoy will be first mortgage mort-gage and ucgotiablo and the interest will be paid seini-aunually. These bonds will rnu for fivo yeaiH aud be redeemable redeem-able at the option of tho company after two years, with accrued iulcresl. The development of this property has brought to light splcudid resources, but the portion of the property logically expocled to bring forth the best results has not 3'ot been lapped at depth. The company is in a positiou lo gel iulo the local market with steady shipments of ores, but the proscut price of the motals and a largo campaign of dcvclop-mcut dcvclop-mcut which is mapped out will delay shipments. Niuctcou nine will doubtless doubt-less find tho Bingham Butte in shape for a record production. |