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Show PRINCE SOON . TO KNOW FATE Matter Up for Decision at Wednesday's Meet A apacfal meeting of tha e'.ock- ! holders of tha Prince Consolidated Mining and Milling company v will be held next Wednesday. At that time the question of rehabilitates tha treasury of the company so that operations may be resumed and the mine put back on a paying basis r. Ill come up and several proposals vill be outlined for the stockholders stockhold-ers to follow. This mine, which haa paid much In dividends, and la probably one "f tho most noted properties of Plmhe. Nv., hos suffered eeverelly and attempts to finance It through a bond issue have proved almost fatal. A tho rendition now facca the stockholders, there are en me la eoij per cent firnf mortgage bonds, payment of Interest and redemption re-demption must be taken car of or the property will pans Into the hands t a receiver and stockholders stockhold-ers wtll loose all equity. It is claimed. There are aleo about 2A.-000 2A.-000 debts that must be met. Tho mlna la at present filled with wa-I wa-I ter. Although It waa drained un-i un-i der the present management, the pumps mneti to ruaction property and It ntilckly filled up again. H Is the plan to drain the mine again ard get the lead ore that has bn proven to ex let on lower levels, tr-mugh diamond drilling. The p'an will he to raise l?0d.. nnft by assessing the present stork. Thla will tflve fioonno to pay, off all outstanding Indebtedness, Including In-cluding the redemption of tho first mortrage bonds and give the management man-agement 1100.000 to unwnter the mine end put It In sbano for commercial com-mercial production. Whether or not the preaent management will continue l.i charge Is a matter that must be decided when the etocta-holiers etocta-holiers meet to decide on a plan and a new bsrd of director named, w h Ich will be done. It Is stated . |