Show i SUGGESTS BOND ISSUE I FOR FOIl lO ID MAMMOTH lr C Has Much Ore But No Outi Outlet j and Sinking Is l Required t I GOING TO TO 1 1700 L LEVEL VEL VELI I- I Sup Supt Ball Ball- l Upon the X Needs cj cds ot or Tintic rhUle Property and aint ml t Recommends Things I I That ThaL the tile management of Lower Mammoth of Tintic is not coming to the thc furnaces furnaCe of or the tho val valley C with a teaty tonnage of br of or good quality and ard of ot ofa a a. a class tass from froni which bread rca 1 money Is derived ed i is that there is Ie no outlet but a most expensive one for fOl it Between the ore bodies and tho the surface surface surface sur- sur face tho the route is as n crooked and angular angular anJu- anJu lar Jar Its ils us It it is possible to co conc conceive iv says sas Superintendent Ball Bail Bal who came caine came in ini i from camp yesterday and to undertake under- under take Make t tp utilize It would be bo to incur a n penalty which ho no 0 miner is prepared to 1 stal stand To overcome overcome this con condition which renders CI- CI the extraction of or ore almo al- al mo t prohibitive he has rc recommended that the shaft shaf now at a depth o of 1200 be dropped d at at once to a depth of 1800 and that a level be extended to he the new ore bodies holics from that sta eta toh tion The condition in his hiM opinion justifies It H at this time but that there shall be no 10 doubt he has with wih th the consent corrent o of the tho manag management ment begun un sinking to to- the foot 1700 level In the inze connection will wi be made with wih the tho present channel feet lower than l maximum depth at time To accomplish the changes and t 16 U pro l provide o the outlet he must have before the ores aro are to be he economically extracted will wi necessitate an a expenditure expendi ture turo of or many thousands s of ot dollars dollar but with 11 the ores intelligently blocked out no difficulty would be experienced In getting the money through an Is issue ue of ol bonds s with wih not a few tew In this market marlet ready to participate In In the Ion tion This Is tho the plan conceived by Mr 11 Ball Dal and that it i will wi be un undertaken under under- er- er taken in the tho event ent e that his expectations expectations Hons aro are realized on the 1 foot 1700 level level lev lev- el ci there Is not hot much doubt douht A bi bond r Issue appears to be he the thing as us the tho 18 shareholders el have have- have responded cd ver very 1 liberally I to ae assessments J lent |