Show SILVER KING consolidated in offering its recent new stock issue of shares to stockholders at par for a limited time during the month the management of the silver king con company of park city issued the following letter we would emphasize that in driving the spiro tunnel we have accomplished a momentous enterprise the task of blasting through rock for nearly three miles was in ill itself a formidable undertaking coupled with the physical obstacles were the business handicaps due to rising prices and falling labor efficiency which more than doubled the cost during the progress of the work these rising prices created financial exigencies when under normal conditions I 1 everything would have been provided for by the original appropriations knowing however that the tunnel was of f the the only key to the western extension 0 d by silver king ore zone the only method could be which the underground waters handled the only means by which mining n anino could be done advantageously and transportation carried on economically w perse pe vered now that the major difficulties have been surmounted the presence of ore del e and the conviction esta established blushed in in tunnel our minds that there is above the rich a an a most favorable position for mining advise ad vise ore horizon we do not heij hesitate to a at stock stoc you that in our judgment the new the preferential price is a de desirable anve in ment has started two ra aises the consolidated where from the tunnel toward the contact tunnel at the the streaks of ore encountered ca in level are expected to bed out olit and forin for macial ore bodies |