Salt Lake Herald | 1907-07-14 | Page 27 | Star Con. and Black Jack Deal

STAR CON AND BLACK BLACKJACK JACK DEAL Former Property Turned Over Overto Overto to Latter Company on Friday Night MINE CLOSED DOWN TIGHT PENDING JESSE KNIGHTS ORDER FOR RESUMPTION At last the deal cleal between the Star Con Consolidated and the Black Jack com company pan which makes the Star a part ot of the mack Black BlackJack Jack corporation has been finished up The Star management Is only waiting for tor forthe the abstract that will pel lt of a full description of the ground that Is to go Into the deed of conveyance and that is expected to be out Within a day or two more The Star mine was closed down on Friday and the property was turned over to the Black Jack I camp representatives and a watchman was placed In charge pending the open I ing of the campaign that will be inaugurated Inaugurated rated by Uncle Jesse Knight who is now in complete control For the successful closing ot of deal dealand dealand and the granting of at a square shake to every shareholder of the old Star Consoli dated those interested are Indebted to IL H G McMillan J P Turner and nd Frank D Kimball the three directors of the corn com company pany who have worked night and day month In and month out for the past tb years to make mako It possible for those who had stood by the Star to get out whole They have hare not always been In a position where they could take even the tho stockholders ers era Into their confidence and there has been some feeling on that account but the outcome shows that they were all the time working for tor the best Interests Ot of ev cv every ery shareholder including themselves WithIn a few days hs as a result of the work of these men the stockholders have seen the market price of the shares go up from less thai to yesterday and there Is every avery reason to believe that the they will see It go much higher The shares ot of stock that was In Inthe inthe the Star treasury was sold for enough to pay the debts whIch amounted to approximately approxImately ISa a share Subscriptions were taken for this stock when the price was lower than that and it was almost necca necessary sary for the directors in some Instances to practically guarantee the subscribers against loss to get the thing started Il IlIs t Is over now and the stock Is going just like all the other Knight Issues