| Show BLACK BlACkJACK JACK AND I ISTAR STAR CON DEAL i Plan of Merger of Mines Is s Made Public by Star Con Company I SPECIAL MEETING CALLED MATTER WILL BE SETTLED ON I IM MAY M Y EIGHTH The merger plan of ot the Star Consoli Consolidated dated and Black Jack properties at Tintic and the consolidation of ot the two com corn companies companies is at last made public It ap appears appears appears pears in an official call for a special meeting of the shareholders of the Star Consolidated company com pan and is practically OU og the lines made public in this depart department ment several weeks wels ago and which I everybody but The Herald got busy bus to deny Immediately afterward The fhe spec special ial lal meeting is to be held on the of I the coming month and for fear that someone may ma raise an objection to the time way the time proposition might be he explained the language of the call is quoted as fol follows follows oh lows Terms of the Deal Said meeting is called and will be held to consider and pass upon a proposition submitted by the Black Jack Mining lInins company com pan of Utah to the tho effect that for tOl forand tOland forand and In consideration of or a good and suf deed of all mining ground real estate and personal property owned by hy bythe hythe bythe the Star Consolidated Mining company compan free of liens and debts of every kind to the Black Jack Mining company compan said Black Jack Mining company compan will amend its articles of Incorporation so as ag to in increase Increase Increase crease its Us capital stock from shares to shares sharem of the par value alue of ot per share shan assessable and retaIn for or Its Us stockholders shares shar of sad i d capital stock and issue and antI deliver duller to th Star Consolidated Mining company compan for tor Its stockholders shares of said capital stock The Black Jack Mining company compan agrees to pay off and discharge all of its debts and liabilities up to the tim of re receiving receiving the property owned by b the Star Consolidated company The board b of ot directors believe bellee that the treasury treasur stock now no held by this Ulis company compa can be sold for sufficient ent money mone to pay Ilay all debts and liabilities and if it this can bt bl done the stockholders will wUl receive share for share on their present hold holdings holdings ings While bile the tIte call for the meeting is clear clearon clearn on n the plan of merger and while it shows that each property I to go into th tit proposition clear of or debt no mention is made of what the indebtedness of ot either company com pan is and find that probably Is rial anyhow an how It is L understood however that the Black Dlack Jack company has some something something something thing like iW O indebtedness while the Star Consolidated lit 11 a s nearly nearl double that sum Combine a Desirable One That the move moe is ls a ad raJ Ei j one one that will be of lU p l t to both companies all who whIT know anything of it ore are ready to admit so o there is no ques question QU tion Uon but bat that the proposition will go SO through as planned Uncle Jesse Tese Knight the wizard of or practically owns the Black Jack antI and the management of the combined properties will undoubtedly go to him The fixed d expense of operating o operatIng rat ratIng ing the two properties will be little if any greater gr ater than the individual cost if t f operating by b each company cOl ts as It Is This Timis tu jn n itself is enough to make muke the combination combination tion lion a desirable one but there are arc many man ether advantages In the scheme worthy worth of or consideration It is understood that the Black Jack has hasa ft a f drift out to a point already alread close to Star Consolidated ground from one of its levels level and that it would woud not re require require require quire a great deal dal of time ifo o 0 connect the workings of the two properties This would afford perfect ventilation v at a it great depth and permit of the unrestricted unrestricted opening and development deelo ment of a large area of rich territory Then Uncle Jesse Jcsse makes the proposition He lie Is one of or the most sagacious operators that ever mined in the camp and anti it may be taken for granted that he will m of the proposition once he pets jets hold of t not hot that good work wk has not been done by the present management of the Star an m inference would be unjust and untrue but Uncle Jesse has been lucky in the district and he has a following that Is IsHad mady Had to back his judgment all the time |
