Show WABASH STATEMENT the wabash mining company of salt lake operating at park city utah has mailed the stockholders of the company the following circular letter your directors desire to state for the information of the stockholders that the company is indebted to the estate of the late john A creighton of Oi omaha nalia neb in the sum of the executors have peremptorily demanded a settlement in order that the affairs of the estate may be closed in order to meet this demand and preserve the com bailys property and continue operations at the mine the directors find it absolutely necessary to fix alx the twenty ninth cintli assessment which has just been levied at 12 cents per share the creighton estate owns and pays on n shares of stock the share capital of the company is par value 5 per share of this amount are out standing one hundred and fifty Uro thousand usand shares of assessable non stock are intact as also are shares of assessable stock the these Qs shares hares form a value asset tho the members of the board own and control nearly 70 per can cent t of the outstanding stock the company owns and has bas under tinder option a territory aggregating upwards of acres portions of the non assessable stock and portions of the assessable stock are under contract in connection with these options that is to say the vendors have the option of taking stock in lieu of cash for their properties we are pushing 21 a long ion L line of crosscut cross cut work at great depth so as to fully prospect the territory controlled by the company recently a fissure was intercepted carrying some ore of very high values assaying from to ounces in silver Jo together gether with good values in lead and opper copper c the country contiguous to this showing is now being prospected development work is being vigorously pushed and the management confidently believes that results favorable to the stockholders will be forthcoming during the new year this view is shared shared by disinterested engineers who have examined the property at the managements request we have about stockholders the th e directors appreciate the loyal support given them by the stockholders during the long iong period of assessments and as in the past so in the future will spare no pains to make a success of this enterprise wishing the stockholders the compliments of the I 1 season and trusting the coming year will bring us the desired results |