Show OOK 00 Shareholders S er to Vote en Reduction of ot A special bd meeting of or the shareholders shareholder f C tile the Consolidated Mercur company com y has hai a been called for the first day alay of December ber r at Jersey Je City N X J As Aa stated In the th I notice the meeting has baa been called for fe r the purpose of voting or 01 the proposition a to amend the articles artie of incorporation by b reducing the par value of the shares in ii the tb company from 35 to Sl SI 1 per share thu thus making the desIgnated d capital in instead Instead stead of as u at present prent In Tn speaking of the matter yesterday erda Manager George G rge H Dern Oem said asid the change was wag proposed pro ed strictly as aa a matter matt of economy econom on the part of ot the company The laws lawn of New Kew Jersey Jene under a charter from h the company operates require the p of an annual franchise tax lax of a capitalisation while hl on a capital 1 of 1000 a payment of 1 only per ear far is exacted The man management management of 01 the thc company has u reached me tile conclusion that a chance Chan to save per year Is Ii I not nt to bo ho overlooked so 8 the stock tock holders holder ha havo been a JIk asked to cast beIr be voter ot in favor faor of or the change The par rat value of or a share of If f stock In Inan inan an any corporation tu ut no nl n fi figure ur though it has hM been hard bard to tram t the easterner to that way wa of thinking It If Ifa ita a rn stock tI IB is worth r more nore than its far fec alue a Ir in the market It will sell for more but not otherwise while it may ma sell seli II for any sum sun under it Consolidated Mer ur chock I Inow is isnow now selling lUDIO at n 1 a snare share while its Ita par h 1 value alue is IS i With the par value changed to S1 1 there is no reason why it should not sell II far Car above abote abo Its par value if its earning capacity justifies ju ti etI it it and those t o e wh wil are familiar faD with the company property and the future which lies before it It are not DOt worrying j |