Show SHAREHOlDERS ENLIGHTENED C Silver King Con Management i Tell Tellof f organization fl and SU in r Neighbor N Under pate date of f Tuesday fue dilY the Silver King Consolidated Conso Mining company Is Issues Issues isSues sues a letter to its shareholders explain explaining ing matters mat s ton the he reorganization r rC organ jutton nd what has litta been een d p in ine Including l the suits suit brought against st the Silver King Coall Coalition lion tion as ai follows The Tue management lD of this company compan anticipating that since the successful reorganization of this tt Js corporation t on which you yo f f loyally assisted in accomplishing accomplishing pushIng you would be lo Interested to know something t ut of fr the progress that is being made In n im the affairs of the com coni company company pany pony and anI nd flue he the present status pt of them respectfully submits to you ou the follow following followIng ing lug brief brier outline of what has been be h done and nun Is being done line 0 with tile tiro consent t of all the creditors of the Wyoming T oming corporation and upon the tho petition of ot the writer the court of the Third Judicial district of the state of Utah on on the day of the pres pros present present ent month dismissed the receivership suit and discharged the receiver thus vesting all assets a ts with this company compan Practically the only thing lacking to place the tho equipment of ot the property In perfect condition for the resumption of 01 work at the tho mine m e was a new n w cable with which our hoisting equipment had to tobe tobe tobe be refitted This has been purchased and installed and the entire plant Is Isnow Isnow isnow now In condition Ve We were enabled to resume work worl In the mine on the lost This work is being hing car carried carried ried ned on under the abl supervision of Hugh Rr R McDonald than whom we wo know lm w of or no one better fitted for such an undertaking and a sufficient force of men is now at work and putting in three shifts a day Why Suits Were Brought Our company has been indeed for tor fortunate fortunate i in the fact that the extensive workings of the neighboring property that of the Silver SHyer King Coalition Mines company have drained the water from our own workings Thus unhampered by y what has in the past been perhaps our greatest obstacle and largest Item Hem of or expense we are enabled to push the work more rapidly and with a vast re reduction reduction In the cost of ot same Investigations Inv recently instituted by bythe bythe bythe the management of this compan compa and pursued diligently since have brought to light the fact that our out property has without doubt in the minds of the man management management management of ot your our company com pan been mined under by the Coalition Mines company compan which company has appropriated to its own output all ores so extracted with without without out p t the consent of or accounting to this tills company wherefore our manage management management ment made a formal request on that company compan for the privilege of making such examination and survey of their workings as would correctly acquaint us with Will the extent and value of such ore are or extraction and our rights therein As we anticipated their reply did dill not grant us the privileges necessary for us to have In order to thoroughly determine our rights in the premises hence It became necessary to enter a asuit asuit suit In equity against that company compan In Inthe Inthe Inthe the United States court to obtain an accounting for ores alleged to have been mined from several claims in which our company is Jointly Interested with them the Ute net value alue thereof to be he determined thereby Such suit has this day been filed in which the ores al alleged alleged a to have been mined are valued at The result of at the Investigations Lions made by the management of ot our company leaves little room for doubt that the property Involved In this ac action action action tion has been very productive but the extent of the production tion will have to be he determined upon the trial of the cause As a second action this company has against the same ompa that workings In tha th claims mentioned m ned have also been ex cx extended tended Into other ther claims In which our company l interested and In this action allege and nd claim damages to the n t of ot Efforts Efforts to tot Discredit Company The Attitude df iha Silver ilven 4 Cing Coal Coalition Coalition lUi lc company y toward tow rd our own company has never naver been a a friendly one and to their influence may be traced many things that have been detri detrimental detrimental detrimental mental to us Many facts recently brought to our attention point to the conclusion that s of our compa were dis dispensed dispensed wIt of incompetency cy or other reasons s ris equally sufficient have hae since sl e transferred their thur th r allegiance to the Coalition Co company and their services now seem to consist of at circulating circulating lating kiting such statements as they are capable of derogatory our property and nd its management These The efforts have evidently not brought about the desired result and so the opposition has taken up the work of attempting to accomplish accomplish pUsh Its object through certain dally daily dall papers of this city that are owned and managed by the chief interests of ot the Coalition company compan Our local stockholders rs understand the situation thoroughly and to those of or remoter residence we should like to explain that the location of at our own holdings relative to those of the com corn company company pany mentioned presents the strongest kind of ot evidence that our cause is a aJust I Just jUt one Therefore the battle Just commenced must and will be pressed to toa toa a final conclusion In the time interests qi all the shareholders In our corporation lon |