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Show SECRET PLANNING 10 PUSH KLOPillI Company Is Out of Debt and Has Funds to Con- i tinue Work. j Harry S. Harper, secretary of the Secret Se-cret Aiming & Milling company, which hoUls and is developing more than U0 acres of ground In little Cottdnwood canyon, the properly adjoining the South Hecla, Albion and other proved mines of the district, said yesterday that the work, suspended early in December, had been resumed and would be pushed without with-out delay through the entire year. The Secret passed through a period of financial stress, but was reorganized at a special meeting of the stockholders, held on December 30 of last year. The old board of directors on November 22 levied an assessment of three-quarters of a cent per share on the outstanding stock. This was recently rescinded by the new board and a sufficient amount oi the trea.sury stock sold to pay off all debts of the company and leave In the treasury a sufficient sum for the continuance con-tinuance of active development work. During the past year the company has driven its lower tunnel i0 feet and has gone in thirty feet on the Iron Bed tunnel. tun-nel. In the lower tunnel more than 200 stringers of high-grade zinc ore, with good values in lead and silver, have been cut In following the hanging wall, and it is anticipated that not more than fifty or 100 feet more of progress will be re- . quired to bring the miners into a body of the same high-grade ore that has made the other mines of the district. The new officers of the company are: R. E. Phelps, president: William M. Minor, vice president and treasurer; Harry S. Harper, secretary; these, with J. M. Burkhart and R. K. Clough, constituting con-stituting the directorate. |