The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-05-03

1t is very evident that there are
some interesting developments coming
in connection with the hex deal anC
those developments may not be very
far away. Whether or not they viii
result in the former owners of the pro-
perties. Messrs. Mount. Holbrook an6
Campbell. calling the sale off anG
again claiming the mines is not known
at this writing but it is very certain
that such will be the case, in the event
of default being made in the payment
of the next installment on the pur-
chase price, which will be due on the
first day of the coming month. mas
much as the three gentlemen named
now hold President Underwood's per-
sonal note for the sum of $1,000, given
In payment of the installment due on
| the first of the month just passed, and
the same has not been paid although
some twenty-five days overdue, it Is
highly probable that the gentlemen
will make some move to collect their
money. An attachment against the
smelter or any of the other property of
the 1beX company would not be sur
prising, although the parties in inter-
COT 1S1uSc ~ give any VI IIlS IdClS III
the case or state what will be thei1
course in the matter.
Readers Of the public press will re-
member the difficulty experienced by
the former owners of the 1beX to
secure a settlement with the pur-
cnasers on the installment due on
the first day of the past month, there
having been some ten days delay, due
TO the desire of President Underwood
and the other interested parties to
make personal inspection of the pro-
perties and also secure the advice of
experts as to the extent of the ore
bodies. 1t now develops that one OF
the articles of the new agreement
which was entered into gave an ex-
tension Of one month on the payment
due May 1, in consideration of the i'm
mediate payment of the sum of $1,000
in cash, that being the amount of the
installment then due. Instead Of pay
Ing the cash on the account, Under
wood made out his personal note for
the amount, due in six days, and then
left the city. The note became due on
the 10th day of the month Just ended
but payment was not made nor has it
yet been paid, despite the efforts Of the
holders TO secure something with
which the paper may be cancelled.
For some days past Mr.. Mount has
been IN the city making an effort to
secure the payment of the note and
yesterday Mr.. Holbrook came up in
order that he might consult with the
other interested parties. During the
entire day the gentlemen were in close
consultation and it is highly probable
that they have agreed upon the cours1
TO be adopted in the event of a con-
tinued failure to force the payment of
the note. To date they have not been
able to secure even a reply to ques-
tons sent over the wire to Mr.. UNDER
wood and things are reported to be in
rather a scaly condition.
Everything at the smelter is operat-
ing smoothly and regular shipments
of bullion are being made. 1t is under
stood that the recent strikes in the |
Ibex are holding out and the bullion |
gives returns of on an average of two /
and one-half ounces in gold It is also |
reported. however. that the payments |
on the purchase price of the mines are
not the only ones that are behind, fof
the men at the mines had not the |
other day received their pay for the
month of March, being two months be-
hind, while at the sme1ter the en-
ployees have not been paid since the
middle of March.
1t seems hardly proba BILE that the
gentlemen at the head of the enter
prise will allow their interests to lapse
and the original owners to again as
sumo control of the properties, in view
of the fact that they have in the neigh
borhood of 100000 already invested.
That something is going to happen in
the near future there is no denying,
however