Show SILVER KING CON STATEMENT general manager solon spiro of the silver king consolidated mining Clomp company any of park city sent out a statement with the recent dividend distribution which is supplemental to the annual report he says it is my agreeable duty to supplement the annual report of our company which has been mailed to you under cover with later information of the greatest moment to every shareholder 1 I have the honor to report that on march 11 the west drift on the 1550 foot level of the mine encountered a second ore body which appears with development to ibe be fully equal in size and value to the deposit nearer the shaft described by our consulting engineer H A lee in his report of february 25 the new ore body which occurs at the intersection of the vertical fissure of another and higher bedded vein has been proven horizontally for a distance of fifty feet and still envelops the breast of the drift it increases greatly the area of exposed ore in the mine and strongly corroborates the inferences on which our anticipations of bonanza were based we have as yet preserved our ore deposits intact breaking and hoisting only so much of the mineral as had to be removed to make way for our exploratory openings A minimum um re return of 40 per cent on the par value of your shares for the coming year is assured by the action of your board of directors at their meeting on march 10 the enclosed check representing dividend no 3 of 10 cents per share is the first of four equal quarterly payments authorized at the march meeting announcement of dividends for four quarters in advance is an unusual proceeding in this instance it was dictated by the desire of your board to free shareholders from the uncertainties often created by unfounded rumors and to establish your shares firmly in the highest class of investment securities you may now rest assured that you will receive on july 1 and october 1 1914 and on january 1 1915 10 cents for each share of silver king consolidated stock recorded in your name when the books of the company close on the dividends and also such extra dividends as can be paid without tim impairing pairing the ample cash surplus retained as an emergency fund |