Bonners Ferry Herald

WOULD RE-FINANCE BETHLEHEM
President Dudman Plans To Raise All Money Now Due To Creditors

Harry Dudman, president of the Bethlehem Gold Mining Co., Ltd., was in the city several days last week conferring with creditors of the company in regard to a plan for the re-financing of the concern. During the past few weeks a number of suits to collect money alleged to be due for wages and for merchandise and services rendered have been filed in the district and probate courts, aggregating about $7,000.

In settlement of these claims Mr. Dudman proposed that the creditors take a first mortgage on the property of the mining company to secure payment of their claims within 90 days. Under this plan Mr. Dudman expects to resume operations at once and he states that it will now require less than $10,000 to put the property on a shipping basis. He says that he has already loaned the company over $40,000.00 of his own money.

The Bethlehem has a well equipped camp and under the management of Supt. Beckley a great deal of development and exploration work has been done.

Recently work was started on the sinking of a 100 foot shaft to tap the ore vein. Those who have examined the property assert that there is rich ore to be found at no great depth and that the property gives every promise of becoming a producer.