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Show HORN MIXING COMPANY OPERATES AT LOSS The Horn Silver Mining company of Frisco, Utah, lost money in its operations last year, according to a report submitted by Manager W. H. Hendrickson. The gross yield of the mine was worth $277,644.17, while the expenses of operation were $289,-426.61. $289,-426.61. I The law of 'the state requires that mining companies shall file with the state board of equalization a statement showing net proceeds of their properties, and upon this showing a tax of 3 per cent is assessed as-sessed as an occupation tax. In his report of the Horn Silver Mr. Hendrickson. Hen-drickson. has deducted, with other items of cost, insurance and the taxes. tax-es. Although these deductions are not allowed, the board of examiners will probably let the claim pass, as even without them there would be no net proceeds. a. |