Show EMMA consolidated organization william barret ridgely president of the emma copper company has issued the following statement to stockholders regarding the consolidation plans of that corporation and the old emma you are advised that the emma consolidated soli dated mines company has been organized under the laws of the state of delaware it has an authorized capital of 3 divided into shares par value 1 each the stock is fully paid and assessable non the emma consolidated mines company has been provided with cash working capital it has acquired shares more than 80 per cent of all the outstanding stock of the old emma mines company for this cash working capital and this old emma stock the new company has issued shares share of its stock this leaves shares in the treasury and of this anio amount shares have been set aside to be exchanged share for share for the 1000 shares outstanding capitalization of the emma copper company when this exchange is made there will remain shares of stock in the treasury of the emma consolidated mines company about two thirds of the total outstanding capitalization of the emma copper company has already agreed to this proposal ensuring the control of your i company by the new corporation registrar registrar and transfer company broadway new york city directors and officers charles S herzig president william barret ridgely vice president and treasurer H D rummel second vice president R W gnekow secretary julius levy the privilege of exchange of emma copper for emma consolidated stock will remain open until the close of business on december 1st ast the transfer office is at 40 exchange place new york city when asked as to progress at the mine which is located at alta utah president herzig said that but for the delay incident to shortage of teams to haul material up to the camp from wasatch everything is moving along in excellent manner we are tickled over the results of our survey on the second level declared mr herzig it has demonstrated our theories and discovered to us that the miners had penetrated an for thirty five feet just at the time they left off work both the first and second levels are out about feet along the fault we are now erecting a new head frame at the shaft and putting in a four inch line to answer until we get our electric hoist in operation when we finish the surface improvements now under way we will have good quarters for the men we expect to attract a better class to the camp by making things both sanitary and comfortable bath rooms and other modern conveniences will be somewhat of an innovation for alta emma consolidated was listed on the new york curb on the ath dinst it opened at and closed at at the same time emma copper stock sold for it is expected that in time emma copper stock will disappear entirely from the curb emma was recently at its high it is now quoted locally at bid |