Show I MAJESTIC MINES MINESA I A I im un II I and Other Condition The Majestic lIns s company sti sa 1 u IL Boston toll publicatIon has completed the thc reorganIzation 1 of the till Mije Majestic tlc tle Copper company tampan and time the Is IH now suc sue sCull Plans Plan have hac been for foi lve develop dc lop ment at the properties which are aio beat rd cd d in Iri Beaver B county Utah Prior to 10 tho reorganization the thEm Ma Mit Majestic Majestic jestic C company had ha debts ag ng besides t t mort mortgage 0 rt gage lag 1 to The Tho ot of new company c lias s purchased these bonds b nis and has paid off all tho old debU doht d Alexander Al J II Moffat of o Salt Lake City who wl Q foi folY f i 14 years jears enn was superintendent superintendent and ana manager of tho the Ontario properties prop Qs and for tho the past three years superintendent of Newhouse mines t and smelters has been bee put In charge of ot the tho Majestic laJe tlc propel properties ties at billfold 11 foIl Contracts ate are now being made mu e for Co exploring the tho of or o the Majestic company with mith dia diamond diamond mond mont di drills Ills The ground will 11 be explored In this way to prove up the veIn eln that Immis l been followed In the time sinking of the thc sh shaft The Th ho company owns Its own on at and plans are aie under tinder underway way ivay that will III make c possible the hand handling handlIng ham 7 I ling Ung of or Its own n 01 ores es at this smelter smeller Tile The new flOSt ne company Is capitalized for tor 1 shares par pai value o 5 of which spates are In tn tIme the y Before the slump In the metal a ar ago ngo the company Ol receIved foi tot ore shipped during the year etl to the United States Smelting company mill all allor millOr or w which was expended In work The company compan has a of ot whom have hae contributed d dnn nn assessment of 15 cents a u share sharo In Inthe Inthe the tho reorganization re AV W V D Elwell of ot the thC Stock exchange film of Is president of the new neY com coin company compan pany pan John VV V Dick of Boston Is vice ce cepl president pl and D F Flanders Flander of or this city Is treasurer |