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Show COLUMBUS CON. HAS RATIFIED THE AITA MERCER PROJECT Of tht, tss.000 nutsUndlfic .r of Columbus Consolidated Mining company. :. 3,iwo ! at t i were represented at tho fpfclaJ me tin failed this morning" at tho lor. I i ci - In tiila city. The otojsct of the meet Ins; was for the purpoao of voting vot-ing nfMHi s morger prtrpthOltlon which had pre.lousljr boon submitted, and tha voto wmm iiiiaitnnxMipU In favor of carrying oul the agreement, which wot for tha purpose pur-pose of combining thin estete with the Columbus Kx tension. FlagstsIT Copper snd Superior-Alts propsrtiss. Ti f Columnar) Kx tension shsrsholdere riM-i an.) voted agalnut entered Into tho merger agreement, after which thoy adjourned ad-journed until next Ksturdsv Tha action of this i-ompany nm as a surprtss, gg H untlaratooil that tht t-nutrolUna; In-toraati In-toraati in aach yf thaa i-Ampanloo had agTMt to the term of tha margor. It wa underolood at noon that tho romaln-Ing romaln-Ing two companies had agree! to (ha merger. Ttia call for tha ahareholdora' moating, which explain In part rho oh Je t of tha rnangor, eigne. 1 by Preoident 4'owle and Horrotary William of tho Columbii (Vnoolldated. la aa follow. "Wa would respontfully direct your attention at-tention to tho attached official notice of xpecla) atockholdero' meeting to ho hold on January SO, HIS, the object and purpoee of which la oat forth In the notice. Tho action of thla mooting wtJl be of vgot Importance u the company and all Ita Mork holders, and we moat rarneotly urge you to be personally preaent or to eae--uta the Inrloaed proxy that wa may be tire of a sufficient repreeentatlon to legally hold the meeting and carry Into effect tli contemplated consolidation You are well aware of the vV4ooltudee through which the company haa paaaaa In recent years and of the necessity of effecting an amalgamation with the adjacent adja-cent properties in order to secure the cooperation co-operation ti f centaury to the Itnmedlata future fu-ture development of thla company's property. prop-erty. We are confronted with a ivmatant expenat In the handHng of water which must he obviated In order to enable ua to develop the known ore resources In the lower levela of our property, and tha expense of constructing this tunnel Is too great a burden to Impoee upon any one of the operating companies, all of whom are equallv interested and frill be equally benefited by the drainage plan proposed. "The auggested consolidation haa been given most careful consideration by your directors In all Its aspects, and the matter mat-ter has been thoroughly gone Into and discussed with the directors of the other companies Involved, and It Is the unanimous unani-mous opinion of all concerned that the propoaetl consolidation Is the proper and only solution of the difncultlea with which we have heist of ore had to contend. con-tend. The plan of tisjsolltlatlcn contemplates con-templates the transfer of the properties of the rompsTilee designated In tha notice no-tice to a company to bs linraodlstely formed, known aa W aaat oh Mines c. un psny. whhh will he epltaI1ssd f 1.000.. 004) shares of the par value of So each, whlrh U Is proposed to distribute aa follows: fol-lows: Sliares. j'ulumbus ConsolldatttHj Mining company 110 000 ! Columbus Kxtenslon Mining com- j pany 100. 000 ; FUicstaff (Copper Mining company . . lno.OOO ' Huperlor-AJta Mining company.... 40.000 which will be ratably distributed among i the stockholders of record. The treasury 'shares will he subject to disposition for i an fni corporate purposes and for the purpoee of raising money for the construction con-struction of the tunnel snd tlie artlvs development of the lower levels of the various properties wrhere ore removal lias become Impossible by rreaou of ths In-; In-; creasing volume of watsr rendering Us t economical extraction Impracticable. The treasury shares will aleo afford means for th llquldstlon of the outstanding obligations ob-ligations of the companies to tie amalga- mated and thue avoid the necessity for , future assessments If the ore nodles prove i lo be of sufficient extent to place ths propertle on h paving basis That they 'are of such extent Is ths conviction of the officers of all of the i-otupatnles In- volved |