Show I Till TIlE N es VA y A Plans tar for a of the tue Com Corn pany Eastern state slate that the titian finan financial cial affairs ot the tho New York Nevada Copper company with properties ut lit Ely Kly J IY Nevada are nrc about to 10 bo be straight straightened ened out and that the future futuro looks much to shareholders than It U dill did a short time ago OiO Tho receivers have havo received authorization nation from rota n II court of oC jurisdiction In New Jersey Jemy JerM to accept from S 1 Loring Co eo ot of Boston ton to pay off oft tho the debts amounting to a substitution of creditors These developments nays an eastern on lern authority are arc the tho result of oC tilL the steps top taken by certain Interest to bring tiring about n a reorganization of or the company Two committees WHO were appointed one by bythe the Philadelphia and the other by the New York stockholders to secure guilU sulI dent capital to If pay off urt the debts and take t tho mines out alit of ot tho the hands of or the time receivers These committees after considering the disadvantages which would follow either cither tho the Issuing of bonds or tho declaring of ot a 1 voluntary assess assessment meat ment recommended the organization of oC ofa ofa I a n h iv corporation with cap tal titi divided Into shares of ot 10 each cacti All the other offers otters which were received from outside patties parties desiring to In assist the tho company demanded that the tue control of the mines allots bo ho relinquished tilt till IK the list to 10 further aid alil Under tho the present ont plan plait It U Is III believed that the stockholders Ito will stilt willbe be b fully protected fl S D Loring t Co of oC Boston havo their willingness to the tho reorganization and unless thero there should bo ho now itea nO developments It Is 18 be believed c the deal will go through Ac According According cording to present plans chares of ot tho the new ne company will vIul be distributed ut l among tho the st at t of or the thc th old ohl com coni company pany Inny and nail shares pharos will wll be b sold soldat at nt U 1 a n share to meet tho the advances nil made by lW b Loring Co for lor the tho buying up 1111 of nr the tho claims this shares will be ho sold fold at mit tl P 2 to provide working I capital This offer ort r permits LorInI Loring Co to take up nil all tho the stock toek not other otherwise otherwise otherwise wise sold Bold soldA BoldA A company lion has already been beets organ organized organized In Delaware with 2000 capital known IN tiN the tho Nevada Mining Mining lIn n Re lie Reduction Co o to cary car out the tho plans plaits of or ortho the tho committees It Jt Is probable the Mio capitalization wilt will bo bl Increased to 5 ns 05 contemplated In the circular submitted to tu the tile stockholders |