Show SW SWANSEA MINES NINES WERE MERGED YESTERDAY Late yesterday afternoon tho the Swansea SanS Swan Swan- S sea sen and South Swansea Mining companies com panics were merged and the th new company com corn pm pany is to be known know as the Swansea Consolidated Mining company compan y The capitalization is fixed at divided di di- i vided e into shares of the par value Vue of 1 each The Time Swan Swansea shareholders ers are arc to receive shares in the new company com corn pal pany for the shares hare for which the their r company was as originally incorporated incorporated incorporated rated and the South Swansea is to receive re re- re e share for share of the tho for which their company Wl was capitalized This Thi will wi place 3 OOOO shares of stock in inthe i tho the tc treasury n of the new or organization and amid it is baid said that Tosse Tesse Knight lisa has subscribed for the bulk of this trea treasur treasury stork stock which will wi ite provide th the th company lr with ih ample capital to make the necessary s sary improvements m nt in iii both hoth of these mines located lo at Sih Silver r City After fter tho the ratification ot the tho consolidation consolidation consol consoli consoli- dation daton b by the shareholders the tho election of the following officers took took place Jesse c Kni Knight ht president president- J J. M. M Wheeler vice president R. R R E. E Allen Alien len secretary who with wih W W. Lester Ian lm and 14 L. L E. E Biter Kiter compose tho the directorate The offices of ces of both companies will wi bo be removed to the Kni Knight ht offices at Provo Tro o Both properties have been heen productive o of much rich ore oro in in the past and dividends divi to the extent of have ha e distributed c among monc tho Un Under er the Knight er ers management work will wi bo be resumed in both hoth properties proper ties as quickly lickly as th the minos minIs have been pumped dry n. n of th the water water and the they the will wi again basis be placed on a bread blead winning |