Show DELAY ELtY AT CACTUS MS MINE AND Mill Mft Som Some delay may be experienced in putting putting put put- ting Ung the Newhouse properties in regular operation according to the following advice ad advice ad advice vice from Boston Although the reorganization committee commit commit- tee of the Newhouse mines and smelters has lias declared operative Its Us plan for readjusting readjusting readjusting read read- the company's affairs there can be no foreclosure of the existing mortgage time the as assets assets assets as- as until August 1 1 after alter which sets of the present corporation will be turned over to the new company which has yet to be incorporated Under the terms of the mortgage there can bo be no foreclosure until the expiration of ninety days das following a a. default in the sinking fund On May 1 there thero was due to be paid into this fund but a default was entered at that time which would extend the tho foreclosure period until August 1 1 None of the funds acquired from stoCkholders stockholders stockholders stock stock- holders under the terms of the reorganization reorganization tion plan n na have a been made e available al leu for fl carrying yf o on current r et work a and not until after the first of next month can any such transfer take place Work Vork has boen been continued at the min mine during the entire period that the mill mil plant was closed down Upon the return of Samuel Newhouse from the east an or ordel order order or- or der del was given Manager Drummond to or organize organize or- or his forces and begin operations at both the mine and mill Within a few months after this work Is got under full headway there should bo be a profit accumulated accumulated accumulated in short order |