Show zuma indebtedness taken up by mine shareholders the directors of the zuma mining company held a meeting in this city on monday and in accordance with a resolution previously adopted gave shareholders an opportunity of loan ing the company money on which eight per cent interest will be paid said loans to take up the ing indebtedness of the property which previously had been carried by two of the largest shareholders the total indebtedness Is slightly in excess of 20 and each sharo share holder who has loaned the company money has been given an option 01 as much treasury stock as his bonev would purchase at 10 cents pr share the notes are to run for a period of one year and those who have shown their faith in it the prop erty stand a chance of benetti ting greatly in the event new ore is found it Is understood that the largest part of the sum needed to refi the company was put up by two of I 1 the largest shareholders although a ii halt half a dozen othea other shareholders as aisted to some extent the zuma people have reached the most interesting stage in their do da campaign they havo have their shaft down to the depth re quiren for a most systematic pros pecking ot of the important veins al ready cut on the upper levels and lt it will not be at all surprising it if a de posit of commercial ore Is encounter ed within the next few months shaft work will soon be dl discon co linued and then plans will be map ped out tor for drifting with a view to prospecting the big vein which WAS recently encountered in the shaft no large amount of work will be needed to cut this vein on its dip |