Show I MONARCH PROGRESSING Personnel of or of ot Directors Soon bo be Helmed Advices received tram from Now New York dur duro during durIng ing tho ho day Indicate that thal satisfactory antl progress Is III being In made with lIh the organization of the tho Monarch Mines Minus Tho The of ot the tho first ter corporation names Imel board lcarl of directors lets hI not hot been dis disclosed dil closed oRull but It U Is li probable that they wilt will willbo wi bo be before the end of the tile present week seek On the tho board It Is raid ald will wi lil bo be so 1 I of ot New Yorks strongest NOI of finance And AmI eastern authority given he an as anA ni asa A n reason for or reducing tho the capitalization Io from rom to 10 15 5 that those behind tho tIme en cn enterprise after mature consideration con do sired Ired to be more moro conservative In Iii their estimates of ot the tho proposed ell value of tho tIme properties J rol to be ho taken In |