Show apex company will be reorganized at a session of the district court con ir t held at iseppi on june the utah savings trust company trustee ft as granted a decree of foreclosure of mortgage against the apex mines company and G W gates doing busi ness as G W gates co for the sum of with costs etc the clerk issued an order of sale to the sheriff directing the sale of the follow ing described properties of the de fondant company the annadale lode mining claim the rover lode mining claim the space lode mining claim the fraction lode mining claim also theoper the lode mining claim gunpat anted together with all the machinery etc appurtenant thereon it appears that on jan 2 1907 the defendant apex mines company ex I 1 eluted and delivered to the plaintiff mortgage i ad in number of the denomination of 1 bearing date jan 1 1907 that to secure payment of said pal bonds and interest coupons the defendant executed and delivered to toj the plaintiff its mortgage bearing date jan 1 1907 that the defendant has not paid any part of the principal sum or interest of said bonds or interest coupons except 4 interest and is in default hence the for closure sheriff henriod went on 0 er to the mine on monday and posted p sted notices of sale of the property tins this sale will be held at nephi on july ath i in addition to the indebtedness which is co ered by this mortgage the company has quite a number of checks 1 still outstanding same some of these i which were for labor were cashed by the business houses at mammoth and eureka but they amount to only about 1800 and it is quite probable that a settlement will be brought about As near as can be learned here tl e big shareholders in the apex company have had trouble among themselves through the failure of one or two of them to put up their proportion of the money for the operation of the mine when the property is sold by the it will be bought in by some of those who are interested in the corn com pany and a reorganization effected u heretis also oa 01 ait here to the effect that jese will eventually land control of the property but it is difficult to say whether or not there is any truth in this story when the apex company was organized it was generally under stood that F agustus heinze was mas heavily interested in the new corpor aaion the company purchased a very valuable group of claims and then started in with the development wv icyk kin in record breaking manner an immense amount of money was ex for new machinery in sinking the shaft and in drifting out in serel of the ore an I 1 it is to be hopp hop 1 everything will be so a lejuste I 1 tt tl this v orb ork can be resumed at once |