Show nONI BONIS S AUTHORIZED Action of It the tho o Directors on Saturday An Au wai waR stated stal d that they probably would WOl do the tho directors of ot the Daly Judge on Saturday afternoon at author zed Izell the Issue of worth of ot gold bonds the sale of ot which III la for tor the pur PUI purPose Pose poso of or raising untie funds with which to car cary carry carry ry y on further development In nn nil address Issued to the tho stock stockholders stockholders I holders the tho following wits contained Interest lute rest on the bonds will bo be paid pahl aiti I quarterly and under the stipulations therein contained they may ba lie culled caller cull ll llIn In for tor redemption at ot the expiration of ot any period They will wIlt willbe willbe be Lie In denominations of ot 1000 awl and may laity bo be subscrIbed for tor and Issued nt lit any time tillie so 10 long aa liB their sale palo 1 lii Ib fount found necessary n It Is 18 the tho purpose of ot the tho company to these bonds only ns nit funds tire lire needed und and It Is l not nut thought that It will t Ill ever over be bo necessary to soil sell the entire amount authorized It t Is III hoped that u it comparatively ly proportion of or tho the total will be bo found ample for tor all nil requirements r The Tho management will at nt once be begin beIn begIn gin In tho the exploration nail development nt of or that portion of ot the tho holdings In which It la Is convinced thAt tho the best anti richest lIh lt ore bodies hodle bod Ie will be found rIte Tho length of ot time and money mOlley necessary sary to carry carr out these pin nil cannot ho bo with any degree of ot certainly hut but substantial results life are looked looker for tor forby forby by hy or before the lie close of at the present yn A At AK rAt r n I matter of ot sound business ss pol poi policy polIcy icy tho the mill 1111 will be practically closed ell down llon ut lit once There Is exposed In tho the thomine mine IOhl at nl the present Iliac a 0 lurge ton of ore estimated by Iy Manager Dunyon at nt tons carrying suf stif nur In hi slim silver lend lead and ali I lend heaL zinc that It If they the could be I c separator separated ant Paved with Its Ita present sent output would make the tho property It a good gool divi d proposition but as all a 1 certain H tain tam Percentage of ot loss Iou occurs O In the lie which the tho management Is con coil cnn COli be bo recovered nfl as an 1111 another other loss occurs through the tho values In sliver find roIl lear that t ot now go Into ho he zinc middling It seems e too much like lice the resources to allow It to continue Mill Superintend eat cut Sherman Rhenium who has hns made great movements assuming charge of ot the tho mill who Is still doing good work worl for tor the company will vIli continue to make testS testa to determine the best methods of ot correcting those these leakages nun so fur far advanced lire are these experiments monte ments nta that It can be stated as us almost u n certainly that the Ito problem will vill be foro toru many mil II mouths month II bo ho solved The should be bc viewed by hy the stockholders closing down of ot the mill therefore iu Ill n U matter of ut economy entirely and not In Iii the UK light of ot a confession on the tho thevan port part van of t the management nt that the tho plant i cannot bo be made to pay Ila Is not the ease by tho the work worl done at similar plants on 01 other properties the he hemill mill Is lii doing first rate an as UIA earn earning ng ngn a n nim shut monthly but It Is li being done dOle at nt the tho sacrifice of a what amounts to n a ery very large um sum In III tho the of ot II n month year It Is hi to correct drainage nUll and waste anti and concert convert conert that It Into Inlo money mOlle tot for the share holders tho the decision line hns been reached to keep the ore In III the tho temporarily or 01 i until such Huch hUe as ns the highest t percent ngo ago of at HH its value can cn II be bo reentered recovered It not take tako many months to set sett t Ic this hI P problem and then th tn the t he mill will ill again bo be operated i lit itt t capacity The Die K losses now being Join will many times time over ovel Pay pl the interest on un tho tue bond to tobo 0 bo lo Sl lull o the r will reap the benefit t of ot the tho policy being pur vur su d Those delicious Oranges again In III market markel Auk Ask A k for tor them None Nono OIle better b h |