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Show Alta Tunnel Reforms Board, Prepares" loResumeMining AHa Tuanel and Tranaportatlaa company plane ta resume work Immediately Im-mediately at Its property In the Silver Sil-ver fork ef Big Cottonwood canyon. It waa announced Tuesday by T. V. Bodflak, president of the company. Al their annual meeting Monday stockholder elected three new directors di-rectors and approved the company1! development program. Exterunea of the tunnel workings through the divide and ander some af the mines of Little Cottonwood canyon was considered. Mr. Bedftsh aad A. O. Gatse were reelected ta the board. H. A. Tobei-mann, Tobei-mann, C C Cuehwa and C A. Itobin-eoet Itobin-eoet being the new membera The annual report mentioned the collection of a I-cent assessment, levied February a. 1WT. aa o00M shares of outstanding stork. -The road ta the mine, which has been partially blockaded by saow," It added, -will be open thie week. Arrangement Ar-rangement have beea made with loesses ta begin tha extraction of ore. Meanwhile your director have beea ronetderlng extension of the tunnel working eOO feet through the divide and under the old mine of Little Cottoawood canyon. Thia work can be financed by royalties front ore la eight, by assessments, by sales of treaeury Mock, or all three. Execution of thie work would complete com-plete the purpose for which the tunnel tun-nel waa designed, the unwaterlng ef tha AHa mlnee end the economical extraction ef known ere from their lower levels.- The financial etalement accompanying accom-panying the report valued property, plan aad equipment at 7.l M: liabilities, lia-bilities, 7ll.2a. and surplus, tl,. I11U. |