Show BINGHAM MINES CO RETIRES LAST Of ITS BONDS BONDSOn On April 1 the tho th Bingham ham Mines Ins company com corn pany paid off ott OOOO first mortgage bonds of ot tho the predecessor company compan th the Consolidated Mining and Sm Smut Smelt lt- lt In ing ncr company compan Tho The original Issue of or 00 has s ha now all ni been retired from earn earn- In tugs or sam ilo B-ilo of various assets of tho the old company compan In this connection the tho steady In earnings during tho fast ast five years cars la Is of ot interest as per the tho following follow follow- Ing ng table says zas the tho News Bureau Burau Year ear Earnings 1912 1911 1910 66 0 1909 15 77 4 There Thre have also been retired second mortgage convertible 6 per cent Income bonds hOnA which have been held since 1908 by Interests Identified with the tho compan corn corn- pan pany any to whom they were issued in pay pay- py- py meat nent ment of Indebtedness No o Interest has been eon paid on the tho income bonds These bonds have havo been exchanged at ot par for a anew anew anew e new issue isue of ot first mortgage 6 per pr cent ent bonds convertible Into stock at par 10 0 10 per er share hare The balance blance of ot approximately matel has ha been ben sold at par r pro pro- ro- ro eeds of ot which go Into tho the company's cees treasury As bond interest amounts ot at only onty about por per annum on the basis of last years year's ea cars car's earnings there ther would he bo left a very ver satisfactory balance for tor the stock of which there there- arc 6 shares ing ng Mines Une company has in It Us Is treasury 69 of or the shares of Eagle EKle Blue Belt Bell Bet Mining company stock outstanding on which dividends dividends' are being beIng bens be be- Ing ns paid at the tho rt rate of ot 20 cents cent per pot year yer |