Show PEACE DEGlAREOQ The Big SI 00000 Damage Suit Out of Court THE ALMO MINING CO Sell to the BullionBeck Champion Mining Company for 815000000 Conditionally Con-ditionally To be Paid Within Four Tears crthe Sale is Off The big 10000000 damage suit the Almo Mining company ys The Bullion beck Champion Mining company has been compromised Negotiations looking to this end have been going on Between the two companies com-panies ever aince the suit was planted and Messrs Smoot Loose and Evans have made numerous trips to Salt Lake on the business The final agreement is dated October 13J 1894 but all the papers were not signed until Monday evening last and yesterday the endorsed stock of the Almo company was deposited in the vault of the National Bank of the Republic Re-public or Salt Lake there to await the carrying into effect of the provisions of the contract lhe legal work was done l ly Rawlins Critchlow for the Bullion Beck Champion Mining company and by David Eyane for the Almo Mining company By the provisions of the contract the Almo people get 50 per cent of the returns turns from the ore taken from their property by the Beck people until 150000 00 has been paid The BullionBeck Champion Mining Min-ing company will develop the elmo property with their machinery and from find through the levels constructed con-structed in their property which adjoins ad-joins that of the Almo company The Bullion Beck Champion people will have one man to assist in over being the work and the Almo people will have another they two to choose a third disinterested party in case of a dispute 11 e purchase price of 15000000 must be paid within the next four years or the Almo property reverts back to its owner The Beck people have the pnileg or closing up the contract at any time by paying up all the money The Almo company with the excep Ion of David Evans ot Ogden and hes almost a Provo man consists of Provo people namelv j Ed Loose Reed Smojt Mayor Holbrook and JohnR Twelves Loose heinlr tEe heaviest owner One D B Clark of Eureka is also a member of the com pany |