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Show BUTTE COALITION. Some Interesting Facts in Regard to This Montana Company. Tho following facts regj-.rdlng tho new Butte Coalition company have been received re-ceived from Boston by James A. Pollock & Co., ovor their private wire. The facts appar In tho Boston News Bureau of even dato "Tho following are tho directors of the Butto Coalition Mining pompany: Thomas P. Colo, Duluth, Minn.; John D. Ryan, Butt- Mont.; U. It. Broughton, New York; James Iloatson, Calumet, Mich.; Chester A. Congdon, Duluth; B. B. Thayer, New York; F. L. Ames, Boston; Bos-ton; William B Dickson. New York; A. C. Carson, Butto. Thomas F. Cole is president and John D. Ryan vice-president. James Iloatson Is president of tho North Butte company and William B. Dickson Is scconu vice-president of the United. States Steel corporation. "Tho Butto Coalition Mining company wns Incorporated under New Jersey laws with J15.0OfO.000 capital; one million shares of par We announced on Saturday tho holding company organized by Messrs. Colo and Ryan to control Butto mining properties. Including all the producing pro-ducing mines of Mr. Ilelr.ze or tho United Copper company outside the Lexington group, and also all the undeveloped Ilclnzo territory, so far as It is within the area of recent litigation at Butto. The company starts with' these proper-tlesl.OOO.COO proper-tlesl.OOO.COO In cash and control of Allco Gold and Silver Mining company of Butte and Allco company, comprising seventeen full claims In solid block, beginning be-ginning about 2000 feet north and west of the ground of the North Butte Mining company, which Messrs. Cole and Ryan have so successfully developed since 1S04. It has a capital of 400.000 shares, at not above $1.75 per Bhore, clthoug'.i some quotations quo-tations of minority shares havo been made at $3.50 lo W.50 per share. "As tho Butto Coalition Mining company com-pany starts on a cash basis of $15,000,00 of capital, of which only between $10,000,000 nr.d tll.OCO.COO million appear to have been paid for tho so-called Helnze properties tho question naturally arises as to how the United Copper company gets J25.000.000 In cash and securities out of the settlement settle-ment ami Is to have In Its treasury by July 1 next S).000.000 In CAsh securities. Tho answer Is asy, but It will be dlin-cult dlin-cult for Wall street to believe 11. At present Wall street Joes not realize tho Importanco of Montara copper settlement or what hns been done or what values have been changed or created. Enigmatical Enigmat-ical as It may seem, tho United Copper company gets Its $25,000,000, more than half of It cash, and tho explanation la not woolly in tho fact that the United Copper company has direct rights to subscribe sub-scribe to the stock of the Coalition company, com-pany, at J15 per shar. which stock should be, and Is, worth a great deal more." |