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Show P1DCHE DEAL IS UKELYTO PHIL Nevada-Utah Company Refuses to Accept Resolutions of Other Side. ASSERT TERMS ARE DEPARTED FROM Contracting Parties Now Seem Further Apart Thau They Ever Were. I' The Nevada-Utah Mines and Smeltera corporation on Wednesday sent a notification notifi-cation to the respective 'boards of directors direc-tors of the Prince Consolidated and Ohio-Kentucky Ohio-Kentucky Mining companies that the resolutions drawn up by the latter two organizations for the purpose of forming a merger will not be accepted by the Nevada-Utah officials, as they aro alleged al-leged not to conform to the consolidation consolida-tion agreement enlered Into two weeks or more ago in this city. The so-called Ploclie merger, therefore, hangs In doubt This step was taken yesterday by Fred R. Woolley. western representative of the Nevada-Utah company, with heird-fiuarlers heird-fiuarlers In Salt Lake City, and In behalf be-half of Ernest R. Woolley. president of ihc company. Announcement was made by the Princo Consolidated and Ohio-Kentucky Ohio-Kentucky companies on Tuesday that they had prepared the resolutions according accord-ing to the terms of the merger, and this claim Is denied by Mr. Woolley. "The Nevada-Utah company Is prepared pre-pared to go ahead and consummate the consolidation In conformity with the agreement which all tho parties to the deal agreed on at the meeting held In Salt Lake City on March 18." lie stated to The Tribune Wednesday evening. Terms Not Followed. "A resolution was submitted by thc Princo Consolidated and Ohio-Kentucky companies last Saturday, which did not follow the terms of tho agreement mentioned, men-tioned, and we will not accept tho same, and I so notified thc companies today. I desire to state in behalf of President Woolley and his associates that they stand prepared to carry out their part of tho agreement, but they will not stand for anv departure from the terms of the deal as absolutely and unanimously agreed on last month." When asked for a statement regarding these differences between the contracting contract-ing parties. Mr. Woolley said there were several items Involved which he was not at liberty to discuss. It Is understood, however, that the Nevada-Utah people assert tho setting for the last step in the deal is agreed on as New York City, while the Prince and Ohio-Kentucky Interests In-terests want Salt Lake as tho common gathering point. Disposition of Funds. It is likewise understood that one departure de-parture involves the disposition of funds to be paid from the Nevcda-Utah side of tlic deal among the Prince and the Ohio-Kentucky Ohio-Kentucky .shareholders. Nothing definite, however, regarding th3se points could be learned last night, and It Is likely that a statement or statements will be Issued shortlv explaining both sides of tho question. ques-tion. In case the deal is definitely and finally declared off. The merger plans contemplated the consolidation of the three companies mentioned with the Consolidated Plocbe. a new organization Jo be known as tho Amalgamated Ploche Mines and Smelters corporation being thc holding company. The deal has been ponding for several months, and it has been on the point of consummation several times, only to fall at the eleventh hour. Both sides to the question authorized Rufus K. Cobb to make a statement to the prcsH on March IS. that the deal had been brought to a successful Issue, and the same was hailed with supreme satisfaction both In Ploche and Salt Lake. Ploche property owners generally will be greatlv disappointed should the big Interests of the distrlVt fall In bringing this deal to a successful culmination. |