Show YEATMAN STRONG I FOR UTAH MERGE MERGER FR i Advises Nevada Con Holders to Exchange Phillips Only Director Out Out Pope Yeatman consulting engineer engner of the Nevada eada Consolidated Copper corn com company cm th tb pany panr has submitted a report upon matter mater of merging with wih the Utah Copper advises adis 1 company in which he strongly Nevada Consolidated stockholders to ex ox exchange change their holdings for Utah Copper shares on the basis offered two and one I quarter shares of Nevada evada for one ot of Utah Mr lr report says sas in part partI I 1 strongly advise the stockholders of the Nevada Consolidated Copper company compan to accept evala the offer of the Utah Itah Copper company My Ir chief reason for making this recommendation is that I believe blew that after two years ears during which time the th concentrator of the Utah company compan is to tobe tobe tobe be increased from 80 tons to 10 tons dal daily and the th Boston concentrator from 2750 tons tolis to 60 tons per day dar and necessary necessary sar sary advance stripping of overburden en and railway improvements made to insure de delivery delvery delivery livery of such increased tonnage for the he lvery pants the to be he distributed Consolidated stock per share hare of Nevada stol pr exchanged will wi be very verr materially greater if the stockholders than would be the case I ers retained their heir Nevada Consolidated stock and deper ded upon the profits of that company compan and ani that these increased I Earnings will wi extend over a much great gleat greater er r period of time hue At a special meeting of Nevada Con Consolidated directors held In New York to formally consider the question of sub submitting to shareholders the offer of the Copper company to exchange shares of f its new Issue for Nevada evada Consolidated stock tock is a resolution was offered embody emOy I ing ng time the proposal of the Utah company Rn ind tle the statement submitted by br Mr r approving the th basis of exchange of f stocks and instructing the sectary se ce I sf of f the Nevada company copan to send to the stockholders a letter leter announcing the of offer offer ofer fer er of the he Utah company Every director of the company c was wasi present i Ien and amid Jams James Phillips jr president jf if the he Nevada Consolidated was the only one ne who voted voled against the resolution W V T Smith and anti C Hart Hartman nan man Kuhn who hae have been standing with wih Mr Ir Phillips In his effort to prevent the time merger voted ot d In favor of the tl resolution I I II |