| Show BINGHAM CONSOLIDATED Company Badly In Debt Cost Cust of Maloto Tunnel Funnel As a IL I result ot of seven years car of ot opera operations operations Lon a tho the Consolidated com corn company company pany Paul Is in debt somewhere between Jl 1 2000 and about t be bo bong tog ng represented by II l bonds which are aro convertible Into the stock at nt 50 per ver share The Is in lotes nolea which are nrc held by b friendly Inter Interest est and are aro altogether unlikely to be bo called caled or foreclosed No dividends have havo ever oer been distributed d and the rho company has haa never Issued an annual report to stockholders says George GeorgeL L Walker In Inthe he the Commercial As Is It generally known the Consolidated smelter la lit II now out of ot commission It will wl soon bo bu tIed Kil t ll Officials state that thal Dingham Con Consolidated should receive approximately for lor Us Its 16 old ol smelter and that It ms the tho privilege of ot taking lakIng pay pu for tor It In Inthe intile he tile stock of ot F A Miners Smelting company which proposes to build a 1 smelter on time the shore shora of ot Great Greut Salt ako lako lak near Garfield Con Consolidated c also ulso IRH li the option of ot hay hav ha haIng haying Ing ng Its Ia and copper ores orem treat treated ed oil e at this plant for Cor a period of ot years yearn at a specified price but hUL It Is declared that hut no contract has been made hide Indo binding the ha company compau to tn deliver tin If It ores to the now lew company at any un price The tunnel has hag been bern cn en and extended another or 01 feet recently by h Mr Ir Ohio Olmi Coppi r company If I Mr MI plans plane lire successful time the Con Coui Consolidated COl company IK is to hi bo ho paid palt for tor or the tunnel which was wan wal Its It I cost coM Its Ita Is ores oros tire aro to be 11 drawn drawl out through this tunnel by b contract at 10 cents per ton which Is IR I about halt half what viat It I costs Urn Hi tim company to do the thu same service isef Consolidated alRo has lias lis a I lease lensu of ot 10 per remit pout olt of or tho the capacity of or tho tIme now new Ohio mill mi 20 tons daily thetis lal which has ham been een erected near tho the mouth of tho the lt tunnel It Is II that this his capacity shall bo be 10 u cd tr to in treat a avery I avery very er body 10 of ot concentrating oro ore carrying values In load lead sliver silver copper and told old which has hus been opened up In Inthe inthe the ho Dalton Dilon Lark AH As t u ii I shipping proposition tho the hUl mm properties should be worth double he tho price ulrice pie placed d u on thorn thel by the tho pre nt quotations tot for oh the tho stock fling Bins mm valuation In Including and notes lotes at par mai and nd stock at It 15 5 Is approximately I It t it is I probable that the time oro ciuc developed 11 in n Its Ia mines mincH could coull be bo taken out and shipped during the th I he next two or Ir three years no MCI I HH lS to yield more snore than this thin amount and nn time the for tor or develop I Ing ng two lo or 01 tin OB lines an as II much oman more lore oro ore would still be 10 exceedingly h good genii Iod |
