| Show MELVILLE COMPANI MAKES mikes friday night the officers of the melville irrigation company made a settlement with one of the bond holders of the melville company a bonds who holds 65 ot of them that he would take 67 57 per cent ot of the 65 tor for his bonds in otier oti er words they have saved the melville stockholders over ar 2 and cut their total indebtedness on bonds from 80 to 52 1 ahe I he payments to be made on this deal are 5 per year with inter est at 8 per cent there Is still a group of uala holding bonds in the amount of 1 r 5 whom the officers are una ble at present to contact but it is their desire and I 1 ope that these peo pie make the same reduction in the remaining 15 that has been made them in the present deal with the stockholders holding 20 shares in melville stock this cut will mean that each shaie shale of the stock will save 2 75 for the owners plus of co awse a saving saying in the iner est to be paid each year the officers are very fortunate in making this big saving for or their peo pie and ade to be commended tor for their work end ability to achieve this end |
