| Show KING DAVI CO BUYS GROUND Reciprocity Company Takes rakes 1 for Its 15 1 5 Claims in Beaver County The King David Mining company com pan has just added to its possessions the fifteen claims comprising the holdings holding of ot the Re Reciprocity Re Reciprocity Mining company which adjoin the King Davids Davida empire of ground on the northwest and which carry cam the thO big com corn boundary lines on that side up to the possessions of the Cuprite company the tile old Washington compans ground gound An offer of was wa made mae for or the Re Reciprocity Re Reciprocity ground some time ago by the management of ot the King William and the proposition was put up to the shareholders of the Reciprocity at a meeting called cale for tor forthe forthe the purpose Thursday afternoon The of offer offer offer fer was accepted without a dissenting vote voto and the deal deal was wa formally closed close yester yesterday yesterday I Ida day da morning The transaction will wi per permit permit mit the Reciprocity company compan to declare a dividend of ot 3 cents a a share and leave the th organization without an asset other than tan its it good od name The property costs the King David Dat com company company c m pany more than t I because the debts of the vending company were ere paId as a apart apart apart part of the bargain previous to the th pay payment payment payment ment of the M Just what these thee debts debt amounted to was not made public and aa as a asboth both sides are satisfied with the outcome of the transaction there is no reason to bother over the feature The Reciprocity company or pro promoters of ot it at least always believed that the tho ground gound was valuable but somehow or another it was never neer able to raise money enough to to properly prospect and open up the territory that will wl now be given the attention it so richly de deserves deserves serves seres In the meantime the King David man management management management is I making the fur fly fy atthe atthe site sie selected for tor the sinking of or the first big operating shaft which is now down dow sev seventy seventy seventy enty feet and nd on or which the new hoisting works will wi soon be placed place in commission |
