ver ECking

ing consolidated holdings at para part

city utah the letter says in part 1

the interests of the company and of of

yourselves as its stockholders will be best
served by the increase proposed in our
judgment the present capital while
chent for the company in the earlier stages
of the development of the comp companasanys prop
erty is no longer in keeping with the ma- V

gnitude of the enterprise or property and

an increased capital should be provided to
enable the company to properly finance it
self and to prosecute on a larger scale and
with greater expedition the development of
its presently owned extensive and valuable
Th aynes canyon territory by means of and
hhaynes
through t h the spiro tunnel and a conn connecting
acting
ting
shaft to be sunk to the level of the tunnel i
at a point far in advance of the present
face of the tunnel so that the tunnel work
may be prosecuted in both directions at the
same time shortening the period required
to complete the tunnel by many months af-
fording an emergency exit for safety of
furnis ning proper air connection
workmen furnishing
to cheapen cost and reaching quickly at
comparatively early date the extensive ore n
systems and bodies in the Th aynes can-
hhaynes
yon properties of the company 4
in addition to its original Th aynes can-
hhaynes
yon territory the company during the com-
ively recent past has acquired and
paratively
owns the ferry ranch property protecting
operations at the mouth of the tunnel and
also its modern and effective milling plant
and tramway and also the silver bell group
of mining claims the Old liani group of min-
oldham
ing claims the russian bear group of min-
ing claims and the C C consolidated
group of mining claims with its large mill J
ing plant and equipment including a double
compartment shaft in good order now
feet deep connected with underground work-
ings which have developed ores in very con
sid erable quantity all these properties will s 4

materially contribute to the continued sue

cess of the company and the Th aynes
hhaynes
canyon property holdings of the company
are now fully protected all of the recent-
ly acquired properties have been fully paid
for without incurring any indebtedness to
money pay purchase price ex-
SILVER KING CON TAKES OVER CALI raise to the
cept as hereafter stated the title to the
FORNIA COMSTOCK
california comstock group of mining claims
has been acquired only a few days ago and
officials of the silver king consolidated paid
mines company have called a special meet- the purchase price of 00 has been
was
ing of stockholders to be held in the com but to raise the amount an indebtedness
incurred which will have to be paid during
banys offices in salt lake on january of this
it is for the purpose of amending the arti- the present year the acquisition
property was very desirable not
cles of incorporation so as to increase the deemed
only for the intrinsic value of the property
capitalization from shares to 1000 it
litigation
shares the par value to remain at 1 but as a means of preventing
as at present
the letter accompanying the notice not
only explains the reason for the increase
but also confirms the rumor that this com-
pany is the actual purchaser of the cali
fornia comstock property adjoining the sil