OCR Text |
Show CRIPPLE CREEK MINE-OWNERS MINE-OWNERS WANT TUNNEL COLORADO SPRINGS. Nov. 14.-At a meeting of the Cripple Creek mine-owners mine-owners yesterday an agreement was reached for the construction of the proponed pro-poned new drainage tunnel. The tunnel company agrees to dispose of sufficient of Its capital stock to realize $800,000 by July 1. IMS. and to start boring the tunnel within sixty days thereafter and continue the work with all reasonable speed until completed. The mine-owners agree to pay to the tunnel company beginning on July 1. 1907. 2 per cent of the value of all ores produced thereafter from that portion of the mining premises lying above th plane of the floor of that portion of the tunnel which runs through or nearest the mining premises. |