| Show v 1 a THE MAMMOTH ENTER enterprise PRIZE tem tim situation AND but OUT x pyo byo 10 jd A few er days ago we stated that there was a tto tro ITo of bome some sort ot oti I 1 a settlement sett satt lement being reached in re lation to the mammoth mining property the cause of the collapse in the first place was the failure of i the english syndicate to make ma kecer cen tain stipulated payments and fulfill fulfill a contract entered into between them and the mcintyre brothers Br othera and A Cunn Canni cunningham ingham lagham we understand jt it to have reen been in the nature of the agreement that in that con tin tangency genoy gency the property should revert i to the original parties named an offer was waa made by the english capo cap u o ita lists through mr goodhardt Good bardt to purchase the balance of the stock held by mcintyre mcintyne and cuu cun bingham ning ham harn at a certain figure but the latter declined to accept inid the event of the property reverting s to their possession the original own i erb era held that they had no responsibility ie garding any claims existing against the standing they held hold a large I 1 tion of the stock and they par purposed posed ignoring them recently however 4 they have concluded to accept of mr Goodha goodharte Good harts harta res proposition the last of tho the three gentlemen having consented to the transaction a week ago today to today day payment for tho the stock was ex expected to be made by the englishmen within thirty dayao dayan from the date of acceptance and the I 1 matter stands in that position now await consummation of the pro I 1 it JS is stated with what dearee degree of correctness we are unable to bay hayw ff but bat on reliable authority that should the purchase be completed and find the mine and works be operated the purchasing slug martlea purpose as aa suming the same samne attitude regarding the claims against the company as e was intended by tho the maln yra lyre tyra and cunningham had the property reverted permanently to theta how this thia position can be taken i however if it be attempted is an anomaly should such a scheme be successful tt leoha as if the bula bul of the law intended for the protection of mechanics and others could be very readily evaded or swep swept away there is a great deal deai deafoe of local interest in thib this subject the interests in fril evolved in it being unusually wide spread so far as aa this part of the country 13 concerned unkei th tha the matter takes a different bhare shape tb than an present appearances would indicate a large amount of litigation will un bo be involved |
