Show v II I I I QUINCY 18 ABSORBED Surrenders Name and Sells Holdings to Daly West I I I STOCK PAY SHAREHOLDERS i litigation Between Park City Giants titgaton Is Settled by the Increased Issuo West Stock Being of 30000 Daly Wet Deing Paid to Quincy ShareholdersA laid Under Rich Territory i Largo Tract of Rch Tertor Community of Interests Now Iteres it dor a I Promises Increased Dividends and Indefinite Profits I settlement of the litigation Ii The terms of seLlement the Daly West and between I gation botwc batol Quincy mine at Park City was yesterday I yes-terday In the main divulged I J of the compromise it Is J As a result Bald the Quincy surrender Its being Ealc tho Daly be absorbed by 1 I and will bY wi for the West and as 3 consideration I l I absorption the Daly West will Increase absorpton 150000 1 capitalisation of 1600 its present capitalztion f shares to 180000 shares and the In I 30000 shares will be given to i creasa of 3000 wi g1en I who i i the shareholders of the Quincy will thus become shareholders of tho bcoma Daly West to the extent of onesixth Dal ta and oC Its contemplated capitalization and turn over to the Daly West company the Quincy mine The expenses of the litigation that has been Incurred will ltgaWm thpt they be borne by the companies as 310W exist The stockholders of the Quincy exist are limited In number arc supposed to have given unanimous I consent and the sven the settlement I cnsent meeting of ment will bo ratified by a meelng I the stockholders of tho Daly West now a Colorado company thirty days notice a of which will be given at once While this arrangement may appear Jneaultable as the Quincy has been paying the greater dividends during yet the holdings of the I tho past year Quincy and Its prospects for a continued con-tinued dividendpaying1 period are compartlvely small should the disputed dis-puted oro bodies be left out and when i compared with the large known ore bodies of the Daly West and Its exten with their stupendous sive buildings supendous possibilities tics b tiesWith a community of interests established es-tablished over a still larger tract the result of the absorption innecosaary expenses oC litigation out of the way and expense an uninterrupted production in Bight it is expected that the dividends I will soon be increased so that beginning 1 i begin-ning ivith the month of May the stockholderS I I stock-holders will receive 73 cents or perhaps 1 per-haps SI w1 chare as dividends each month |