Show oPt AN ASSESSMENT DIRECTORS PU PUT Of I ON ONE CENT A ShARE StARE At At Atthe the Knight offices in Provo I this mor morning in directors of oC the tho Mining company audited the tle monthly accounts After transacting routine business tho the of officials of- of found it i necessary to raise ralso some money and proceeded to levy a cont 1 a ashare ashare ashare share assessment No 10 financial statement was given out and tho the directors said that tho the proposition to close the tho mine had not been discussed up to t the noon hour They did did not offer ofer any explanation for tor their action achon in only making a levy Jevy o of 1 cent a ashare ashare ashare share though most of the thc interests had ha anticipated a levy Jevy ot of from 3 to 5 cents a share They said that tho the underground workings were looking good gooe but the price of or the stock indicates that it is worse wor than at any previous time for months The Tho annual meeting of the Mountain Lake Mining company was also held at Pro Provo o thIs thia morning The old board of directors including Jesse Knight James I H. H I. I Moyle J. J William Knight R. R E. E Al Allen Allen Al- Al len Jm and anc W. W Lester Mangum was va re- re elected The company has an indebtedness indebted indebted- ness of 1707 and an assessment of 1 cent a share was levied on the stoc stock The Tho contractors are arc working on OO 00 feet of ot tunnel work worl that was recently let and since this work has baa begun it I has ha been discovered that the dips from the present works in Snake in-Snake Snake creek Engineers figure that tho the company will wi have o to t continue continue con con- its is workings about GOO feet cot farther Ahead to get into this fissure which Itis it itis i is believed will wi provo prove to tt contain contIn ore It ItI I I 1 the tho opinion of or some somo of ot the company that the lower tunnel being driven by bythe bythe bythe the Snake Creek company will wi drain th tb Mountain Lake property to considerable 1 depth Directors' Directors meetings of Point and Drago 1 Iron were wert held this morning moring but only routine business was transacted |