The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-05-04

The threatened storm yesterday
broke over the hex Mines and Smelt-
er company. and its force was even
greater than was anticipated would
be the case. for the Simple reason
that the first moves came from
sources that were not expected to
institute proceedings. It was simply
race to see which would protect
threatened interests first, however,
and self-preservation is the first law
of nature. Although two of them
have not yet been formally made. the
Hhrsonal property of the Ibex syndi-
cate at the bennington smelter is
now plastered with three attachments
the claims aggregaCing the sum of
5000. one of the attachments. the
first made. was obtained by the Eagle
Foundry company, to secure the pay
ment of a debt, long outstanding, Of
1.40O Then came a. Hanauer, with
a claim Of $500, and the Horn Silver
Mining company, with $500. There
! will be more than ample property to
~ satisfy the three claims already Sc
cured and also several others which
are coming An officer Of the law
made service under the Eagle Foun-
dry company suit on Friday morning,
and this morning he will make ser
vice for the two other attachments
1t is not known whether or not TINS
will close down the smelteT, but 1T IS
the general opinion that 'nere viii be
no more operations at the Leaning
ton Sme,tcrS until an adjustment IS
effected, either through a sale of the
stock or otherwise. The workLnen
who have for the past month ana
half failed to receive their pay are
said TO be up in arms. and it IS not
unlikely that some move Will be made
by both these and the miners at tine
mine, who are sixty days behind
time with their pay. Nothing mas
been heard from Nj. Underwood or
any of the other eastern people re-
garding the situation.
Messrs. Mount and Holbrook have
come 10 the conclusion that unless the
members of the hex syndicate are
perfectly satisfied to give them back
ahe mines and release, by mutual
agreement, they cannot force the is
sue before the first day of the COM
ing month, when another payment
will be due. In the event of a de-
Taut then being entered. their course
will be plain, and the hex mines will
revert back to the original owners,
AIeSsrs. Mount, HOlbrooK and Camp
49, The gentlemen were in consul
taE3on almost the whole of yesterday
With their attorneys, and the course
for the future was mapped out. Late
in the afternoon. an ultimatum was
sent over the wire to Underwood in
the east, as president of the hex syn
dictate, in which they offered to waive
the payment of the $4,000 note given
by Underwood. upon the condition
that The company make over tho
properties TO them. In the dispatch
an answer was requested by an hour
not later than noon today, and 1t is
anticipated that some word win be
received by that time although TO
date none Of the absent members OF
the Ibex company have made sign.
Mr.. Mitchell is at the Knutsford.
where he has been for some days,
but it is understood that he is power
less TO stem the tide.
Many OF the other creditors of the
x1k5ex company have recently wondered /
why W. s. Mccormick was so calm !
amid all of the excitement. and yes !
terday the cause became known. He |
holds a mortgage OF the property of /
the company, secured by a deed of =
trust, and for this reason is able to /
take the matter very easy. Just what |
is the amount of his claim is not /
known, but before the total was re-
duced by the receipts from bullion /
sales, the overdraft of the company |
was about so, 600.
Those who are on the INSIDE are of |
the opinion that the end of the oper-
atoms of the Tbex syndicate is not far
away. but there are several people
close to the members of the company
who claim that by the date of the
next payment on the purchase price,
President Underwood will have plenty
of money in sight to make all pay
r nd faly of
cations then maturing. These latter
are also of The opinion that the form
.sr owners of the hex properties have
Waved in great luck to have secured
$50, 900 for mines which, they say. are
not worth much more than that
amount with credits to the amount
of $4,000 stin uncared for. 1t seems
hardly possible that Nj Underwood
and his associates will allow all of
their interests to be sacrificed with
out a struggle.
Rush TO the Courts.
Three attachment suits were filed in
the Third district court against the
Ibex company aggregating $500. The
first was gotten out late on Thursday
afternoon at the suit of the Eagle
foundry and Machine company, which
alleges that the hex company is in
debted to it in the sum of 81, 400 for /
machinery supplied. The attachment |
was served at the smelter yesterday
forenoon.
A. Hanauer and the Horn liver
Mining company late yesterday ate
noon came in with suits at practically
the same time, the former claiming ]
81 500 due on an account and the latter {
Sc. 800 for ore sold and delivered. Both !
attachments were delivered to the Of y
fcer at the same time yesterday after G
noon and will be served just as soon c
as the officer can get to bennington
Barlow Ferguson. the attorney for the
Horn Silver. claims that he was in
first, and Attorney Whittemore for Mr.. e
Hanauer makes a similar claim. the
after declaring that he has leeway
of three minutes. The Horn Silver
company management talked of char W
bring a special train for bennington p
with which to carry an officer to serve n
their attachment. but that idea was E,
q bandoned and the same officer will -
serve both at the same time. -
NOW ONE HALF COMPLETED. = :.
oil
Ontario Drain Tunnel Face Again in