Show consolidation proposition the ben butler and the chicago bingham mining companies operating in markham gulch bingham who are now involved in a lawsuit with each other have about conc concluded eluded that the best interest of all will be conserved by a consolidation of interests the proposition seems to 10 meet with approval of all concerned and will probably be unanimously adopted at the meeting to be held for this purpose on the of june next these two properties are located in one of the richest portions of the great bingham region both are in ore are and the ben butler has made quite a record as a shipper during the past year and would have probably been on the dividend paying list by this time had it not been that it has unfortunately tuna tely been tied up by litigation with its near neighbor the chicago and bingham if the proposed consolidation is consummated we may look out for stirring times in markham gulch this summer the terms practically agreed upon by the interested parties are as follows that said corporations shall consolidate under the laws of the state of utah under the corporate name and style of the butler liberal consolidated mining company that the board of directors of said consolidated soli dated mining company shall consist of seven members of which the ben butler mining milling company shall name and elect five members and the chicago bingham mining company shall elect two members that the ben butler mining milling company shall name and elect all of the other officers of said corporation except the vice president who shall be named by the stockholders of the chicago bingham mining company it being understood and an agreed by both companies that W succor nick shall be named and elected as treasurer of the consolidated company that the capitalization of said consolidated company shall be divided into shares of the par value of 1 each and that of this capital stock the stockholders of the ben butler mining milling company shall receive shares and the stockholders of the chicago bingham company shall receive of said capital stock shares |