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Show I SALT LAKE AND STATE NEWS COLE-RYAN PEOPLE GET GIROUX Board Issue Will Be Increased on Nevada Ne-vada and Mexican Property. James A. Pollock & Co., bankers find jhrokers, received the following over -their private wire: Boston, Jan. 12. The Cole Kyau pfoplfj have become interested in the Giroux property. Secretary G. E. Ciroux Fays; 'The directors or the Glroux mine have been In continuous F.-.wfckn for the past week preparing for the annual meeting to be held February 2. The board has had under consideration an Informal irooFltlon to purchase tbe Nevada property of the company. The Stillraan F. Kciley cation on the balance of the treasury Hock of the company, namely 70,000 phtres, has been taken up. Thos. F. Cole and axociatex have become largely Interested Jn the stock of th company and take an active part in tbe management of the property. A broad policy of development to explore ex-plore and open up the extensive oro measures already known to exht in tbe property both in Nevada and Mexico Mexi-co will be Inaugurated at once. While plans are being worked out for equipment equip-ment and reduction works, they bundle the tame on a commensurate bahi?. To provide additional funds, the directors have authorized an Increase In-crease In the present bond Issue of $1. 000.000, to bo secured by n mortgage mort-gage on the Nevnda properties, subject sub-ject to ratification by the stockholders." |