Show KING consolidated REPORT mi mining ning kin consolidated the silver king g company of park city utah solon spiro president has issued a statement to its stockholders under date of november 20 which in part is as follows that you may be fully informed on everything ery thing of importance affecting your company I 1 beg to advise you that all matters in litigation have been settled and permanent peace established between the silver king consolidated and its neighbor the silver king coalition the final act of settlement was the adjustment of our suit for the partition of the undivided interests in the andes custer delaware vesuvius ladies drum no 1 and mayflower no 1 mining claims we owned a half interest in the andes and vesuvius a one third interest in the custer and a three fourths interest in the delaware the ladies drum and ma mayflower were mentioned only because their locations overlapped certain portions of the delaware under the stipulations in the deeds there can be no controversy or litigation over the ores which may be discovered in the andes or custer our original claims the electric light cumberland ural and croesus are also fortified against litigation by a decree issued on june 8 1914 by the district court of the united states adjudging in our favor the title to all the ores contained in the mining claims named one year ago we received 59 34 cents an ounce for our silver and per cwt cat for lead if we can obtain a similar settlement on the ore now ready for mining by holding it back for a few weeks we shall make an additional profit of 1125 on each hundred tons or a month on a daily production of tons at this rate our added profits in one year would amount to or more than six dividends of 10 cents a share each we could without difficulty extract one hundred tons of smelting smelling sm elting ore daily or tons monthly for an indefinite time if we were to begin the ore blocked out in the main fissure between the 1500 and 1700 foot levels instead we are marketing only the ore we are compelled to remove in running drifts and crosscuts cross cuts to ascertain the position and dimensions of our ore deposits the three kings mining company of park gity utah has installed a small mall s air compressor at its property for shaft sink ing on oil the ath dinst the shaft had reached a depth of feet and it is learned that the prospects for striking an at an all early date are very promising |