Deseret Evening News | 1906-11-17 | Page 6 | Share Holders Hold Meeting

II SHAREHOLDERS HOLD MeETING Lower Mammoth Affairs Under Discussion at Offices NEW SUGGESTION OFFERED Cot Col C lIIs 1 a Is bile of Eight Cent Bonus Con IUlo Stock At the meeting of at the stockholders or the Lower Mammoth Mining corn com company pany which wae ya still in III session at time of at going to press cOI time was wae taken up In a lIra position offered by Cal Col A C Eili out outlining lining linInI 1 a plan ot of raising money by the tho sale of all an issue of at bonds to the tho amount ot at drawing Interest nt at rate ot of S jer cent The Thc bonds bond together with sith accrued In Interest terest will bo b an any time Uma within six months Into stock In the tho at the rate ot of I 1 per pel share In the tho matter or of placing the bonds bond would be given to shareholders but Cal Col Ellis Is that no dUn whatever would bo be experienced In dIsposing of at them to people alto allo gether outside the com company pan At It a previous meeting of at the share ebare holders of this It was nn an l as settled that the money would hO be borrowed from Colonel E A Wall Wail ant that the lI necessary papers In thu Iho matter would bo be signed at today meeting In view ot of the littler latter l tion which seems to bo be regarded with favor In some quarters nt at an any rate rute It is hi to predict Just what the UIO out Come COnte or of meeting will he be According to present arrangements n a hoist anti other machinery Is to be about the first ot of the tho year ear anti If this Is done Iono the taking out ot of the great ore already blocked out In the mine wilt will mean it a condition ot of which render un an In ot of n a mere mero