Show GOOD CONDITION OF KING CON accompanying ng the first dividend checks of the silver king consolidated of park city utah is a statement by president solon spiro which is of general interest he says As if to show that the enrichment recognized from the bench was not a sporadic and fortuitous occurrence ore of similar character made its appearance several weeks weeks aboin ago in our main working shaft at a depth of 1470 feet and was disclosed continuously for a depth of thirty feet with an additional forty five feet of ledge matter underneath this deposit was readily recognizable as a section of the bedded ore formation of the camp which almost invariably swells into much larger masses at the intersection of the east and west fissures and the beds our operating force will be in a position to explore several intersections of this kind as soon as the contract for shaft development is completed next month we have been unable to work on any of the ore found in the shaft as yet on account of the work of sinking the shaft but a station has been cut and a level started to run out underneath the ore for the purpose of facilitating at the 1550 foot level and another station has been cut at the 1700 foot level in the quartzite with ledge matter above the quartzite the work of extending these two levels will begin when the shaft is finished 1 I take this occasion to acknowledge and express my gratitude for the compliments bestowed stowed bt upon me since the successful issue of our suit my part however has been nothing more than the execution faithfully I 1 hope of a trust that was placed in ill my hands such praise as loyalty merits belongs in equal measure to the std stockholders hokhold who shoulder to shoulder with me could there be a more splendid demonstration of confidence and loyalty than this when your management announced its readiness to redeem in cash at their face value the convertible notes and bonds of the company the holders without one exception refused the cash and called instead for stock of the silver king consolidated mining company of utah it is equally gratifying to know that the stockholders whose necessities or cid sires prompted them to realize upon their holdings have been able to sell at a substantial profit all of these offerings have been absorbed by persons of ample means as desirable investments rather than by professional traders as a medium for speculation while the management welcomes alliances with the strong financial finane tal interests pt ot the state it retains undiminished a keen sense of obligation to the smaller stockholders whose devotion has stood such extreme tests the safeguarding of their interests shall continue to be the first concern of this administration |