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Show palp mm IN GOOO CDITII Deal Is Effected Whereby Obligations Are Paid and More Claims Acquired. There was rea Ily so mot iiim doing around the offing of tin? I 'alonia Minim; Min-im; company yesterday. President lira tie t, wlio went down to the Beaver county property F-iday, reported upon his return yesterday the liiuirtatinn of the bonds which the company owed ana aln the acquisition of additional ground which tiif er.ineevs repaid ar-Mn-lial in the de t'lopmeiit of the prop-eity. prop-eity. -U a meeting of the directors, held yesterday another ilea was consnm mated", mat-ed", this home; between the Paloina and the Orphan Jiov Mining company, the claim: of which adjoin the faluma, the company securing a three-year louse, with option of purchase. President BraileL made the following T statement: Our officers deemed it advisable to perfect the company's titles, iu view of recent development work having; demonstrated that we have a meritorious property. Our incline in-cline shaft is now approaching the 7nil level and, as it was grauuallv creeping out of Paloma territory, it became quite important that title should be obtained to the adjacent riainis, acquired today. On the o'OO-foot o'OO-foot levoT we have a six-inch vein, extending from top to bottom, which carries bettor than 20 per cent copper, around forty ounces in silver and about 15 per cent in lead. On this level we also have several feet of carbonates, which, I have no doubt, will market at good profit. prof-it. Ju the opinion of eminently competent mining men, our shaft is entering a bedding of high-grade shipping ore, so the immediate fu-.ture fu-.ture of the property promises to be exceedingly interesting to our stockholders. We have a splendid equipment of men and machinery, which insures rapid, economical work. Superintendent C. J. Graff is in charge of the work and main- ; tains a force of from ten to fourteen four-teen men. All conditions are peeti- ' iiariy favorable to making a big i mine of the Paloma and we hope 1 to accomplish this object in the very near future. There is much mining activity throughout Beaver county at 'the present time and there appears to t:e a likelihood of a mining boom taking hold of that locality at any time. The easy accessibility of the district and climatic conditions are very favorable aids to the splendid prospects under development in all directions out from Milford. |