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Show SILVER KING OUT I ill STATEMENT ";: Dividend Passed, Owing" fo the :! Many Necessary Changes in ' the Big Property, il: . WILL ALLOW BETTER ' FUTURE EARNINGS j-J-j, Partition Suite Now Pending Are Entered Into in the $! Statement. I! ' -f j At tho regular directors' meeting of I ) j H '! tlio Silver King Coalition Mines oom- l iij, ! pany yesterday afternoon. It was decided ! t r,y l v'ow of conditions set forth In a . ';'r i statement to stockholders, lo pass the :. j J tiuarterly dividend. The stateincnL enters ;l Into the matter In detail, and is ns fol- , l0Wfi: 1 J H ! "Salt Lake City. Utah. March 17, 1010. UP' -To the stockholders of the Silver Kliwr 'Ifl 1 Coaliti.on Mines compiiny: ID I ' i ; I 'Gentlemen At a mootlnc; of the board II! , 'I 1 of directors of the Sliver Klnjr Coalition I1 'i ; Mines company, held on the filh day of I "i-l i March, 1'JlO, it was decided to pass the I ,Tt J rnmrtcrly dividend ending the 31st Inst., n t; '", in ordor that the surplus In the traes-U traes-U t' i urv mlRht bo increased. This action was I , '(!)' deemed bv the directors to be for the I J best interest of the company and all of I1 I;1' its stockholders, for tho following rca-fl rca-fl i sons: .'J , 1 '"First II will bo necessary in the im-' im-' I mediate future to curtail mining opera-I! opera-I! . ' il t ntions Tor at least u month, or thore-I thore-I j abouts. In order that the shaft which has K i been In operation for eighteen years or '(: .; more may bo retlmbered In pait. While J these repairs arc being mude. it lias been 'tj 5 decided by the company to put In a : -3 system of electric wires and engines for vjjl !' tramming purposes, through tunnels and t " ll'l drifts, covering a distance of about throe .- miles. The Installation or such a sys- 'i i! tom result in a saving of both tlmo I i j; ' 1 1 and money In this operation of the mine. 1 .till "Second While your company Is lJ;o 'H , sole owner of something over :!00n acres !E'i of patented mining ground (four-llfths Mfl.i I of which Is as yet wholly unprospected), U ,1 ; still, as most if not all of you arc aware, ufl 'i1 there Is other mining property In which j vour company is the owner of an un-,R un-,R ,j ; divided interest only, namely, the two ..U y mining claims known as the Conkllng ' jij . and Arthur, an undivided Interest in each iM;,! of said claims being owned by the Conk-II Conk-II ling Mining company, and tho remain-l.jj remain-l.jj ing undivided Interest by your company: , ,( also the Kentucky group, consisting ot f-7 J some twelve or llftcen mining claims, an ;1 undivided interest In each of which is 1 S owned by the Treasure Hill Mining com-,y com-,y j pany and the remaining undivided Interna'1,' Inter-na'1,' est hv your rompany; and tho Vesuvius. (' Andes. Custer and Delaware Mining I '.? claims of which th Sliver King Con-, Con-, (I solldatcd Mining company is the owner of an undivided one-half Inti-rosl and IPS I your -compnnv is the owner of I he re-'"!U, re-'"!U, mulniug undivided one-half thereof. " N 1 'Suits in partition are now pending :,-IJ,. in the United Stales court between your ill !' I company and each of the companies ') above named, and It is doomed nrtvis-i nrtvis-i aolc for tho best Interests of the Silver I ij j King Coalition Mines company lo fur-1 fur-1 ) ji i titer add to Its surplus. In order that Vi ,' It may be In a position to purchase. :;i If desirable, the Interest of Its said co-ijf co-ijf .;' ownors respectively, shotlld thn properly .H ;j involved In the several suits above mon-! mon-! :. Uoned be directed to bo sold under dc-' dc-' jk I creos of partition. III i; "Of course. If either of the co-owners li s of your .company, upon a partition sale, il " bid for the interest held by your com-J.I com-J.I ji I pany what we consider it. reasonably "'I :j i worth, it may be advisable lo sell and 'iij cover the procoods Into the treasury. y , f Whotltor It would be better for your eom-. eom-. I ; pnnv to soli or purchase can only b J determined whon tho time of sale ar-, ar-, r-,M'.'. f rives.-. rives.-. , ! '") I "We wish further to say that tho prop-' prop-' erty of your company is in good condi-1 condi-1 "Hi I' ilon and !s proving tip satisfactorily . 'if ij whercvei" new development work Is be--I 1 1 I ing prosecuted. Dividends, unless some-! some-! i 'M thing tmforeseen occurs, will be resumed M'!iii as soon as the noccssary repairs abovo H ,i ' ' referred lo arc completed. ' (.',,' ''I I "Yoiirs very truly, .i', SIIiVBH KING COALITION MINES 4 ;'; COMPANY. "DAVID KI5ITTI. President. I it ! ' I "THOMAS KI3AUNS. Manager, 'if i 'i ' "F. J. WI2STCOTT. Sccrclary., |