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Show ANOTHER COMPANY 10 HI TINTIC Bill Taft Group of Claims Will Re Extensively Developed. De-veloped. Special to The Tribune, EUREKA, Jan. 3. It is announced that work Is to be started at once on the development de-velopment of tho BUI Taft group of claims, located In Ilomansvlllo canyon, the claims adjoining the Nellie Shea and R. G. W. possessions. Tho work will bo undertaken by tho Bill Taft Mln-. Ing company, a corporation recently formed with a capitalization of l. 000.000 shr.res. of the par value of $1 per sharo. For tho purpose of raising money for development de-velopment work, 500,000 shares of tho slock has been set nsldo for sale. Ralph Badger. It Is understood. Interested Inter-ested a large eastern brokerage firm In tho report upon the ground and Its pros-pccls. pros-pccls. This report, it is said, was very favorable, tho result being that thlu firm Invested ?10.000 in the compnny, this money to he used In the development work which will be well under way in the near fcture. Will Sink Shaft. It is the Intention of the company to sink a 300-foot shaft on the claims to begin be-gin with, drifting to be started from this point, the preliminary arrangements calling call-ing for 250 feot of this. work. Tho objective ob-jective point In this work will be to encounter en-counter at some depth the vein which Is known to cut through the company's holdings. hold-ings. Old operators in tho district arc of the opinion Uiat the Taft property Is among the most valuable undeveloped ground In the East Tintic section, and they expect that the operators will meet villi much success In their work. |