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Show ONTARIO AND DALY CONSOLIDATION DP ! TO SHAREHOLDERS To the storknotdere of the Daly Mining ; company, Preetdnt Bamberger h" 1 ( dreased the following communication relative to a mrger with the Ontario: . "Dear 8 1 r Inclosed you wilt nnd a notice no-tice of a special meeting of the atock-I atock-I hdrs of the Pair Mining company, tu be had and held aa specttVd In the notice no-tice for the meeting. Also a proxy. : which. If you are unable to attend tn person, plaee execute and return to the secretary of the company In the Inclosed envelope. "The object of th meeting la to lay before the stockholder of th company a plan whereby the property of the laiy Mining company and the property ef the Ontario fttlvar Mining company may. If the stockholders ao desire, be merged. ; hld and uperated under one ownership; and management. "Aa you are aware, the mining properties prop-erties of theae two companlAa are con-t con-t Iguous and Int Imately connected ; alao theae two companlea own and hold In common a large amount of other property. prop-erty. Bach of theae companlea haa Ita own organisation and has for many years beenondurt1hjtajJt.neae under a-larae a-larae expense. "It la propoeod for each of the companlea compa-nlea to convey all of Ita property to a new corporation, hereafter to be formed, upon terms and conditions hereafter set forth. Companies Ckmcerned. "The Dalv Mining company owns 81 M acres of mining ground In Summit and Wasatch counties, Vtah. and the Ontario Silver Mining company owns 101. acres In ths same countlea. The Dalv Mining com pan v and Ontario Sliver Mining company com-pany also own the entire capital stock of the Weber Coal company, t hrae-seven tns of such stock being ownd by the Daly company and four-aeventha by the Ontario company. The Weber Coal company com-pany own Si 1 acres of valuable coal land at CoaJvlUe, t'tah, about twenty-five miles from Park City. Thla company haa a very larae and valuable tonnage compsnlea can do the present time. A ayatematlc plan of proapectlng and developing de-veloping the contiguous mining properties proper-ties could bs carried on very much mow readily than at present. Each ol theat companlea hss a very large area of un-prospected un-prospected and undeveloped mining ground. If this new compsny oould teas over all of this mining ground which li contiguous snd develop the same, what sver profits might be derived from the operation of ths properties would be relatively rel-atively much greater than they would be should no such msrger bs effected. Tentative as Yet. 'The proposed merger abovs outlined Is tentstlve merely, and It. of course, rests with the stockholders to determine at the meeting whether or not It would he for the heat Interests of ths Daly and Ontario companies to combine their firoperttes ss above Indicated or to con-Inue con-Inue aa at present. Of course, any other plan mav be considered st the meeting snd. If satisfactory 'to the stockholders, may be adopted. "It la the desire of, the board of directors di-rectors of this company that as many stockholders as poaelbla bs present In K arson st the meeting, and every stock-older stock-older Is srged to be either present In parson or represented. Very respectfully. respect-fully. "J. E. BAMBKBOER. ' ' ' "President." BOSTON COPPER. CLOSE. James A. Pollock Co.. bankers snd brokers, 121-13? South Main street, furnish fur-nish the following, received over their private wire this sfternoon: Bid. lAaked". Con Arlsona I, I Ely Consolidated . ..V.J J Ia Rose - 15-lsi 4 Butte Coalition IJII ' Calumet and Hecla 410 O-'O Greene Cananea Mi 1 Daly West J Nlptaalng . t Oeceola J0 . Santa Fe J Utah Copper ,44. 4S Wolverine '. 10 104 U 8 preferred 40 4l Boston Corbln i.,.,. fl. Oiroux ;! I c preferred MJ M Miami li 20 Utah Apex - ;'l Boston Ely '. l Csemung Cortes Ii J Nevsds Douglas J, ; Ray Central 1 1 Arlsona Com .of Mohawk J" North Butte . ;s Parrot 10 ' 11 Butt, and Boston Ml ' 4 Hancock H ' Inspiration ... ' Ray Consolidated 14i It B snd L 'J Chief 'i South Ike J C and A "J Nevada Con 1: Old - Dominion J Utah Consolidated "J U S common JJ' . fj East Butte 101 10 I C common Mason Vslley ! 7f Chine 1M 20 of coal developed and la now being operated oper-ated profitably. "The Park City Light. Heat and Power company supplies light and power to Park City and surrounding mining property. After paving the monthly rental on Ita power plant, which Is owned by the Ontario On-tario Sliver Mining company, divides Its net esrnlngs eouslly between that compsny com-psny and the Daky company. "The Park Cltv Waterworks company, which Is capitalised for lM shares, has heretofore supplied Park city with water. wa-ter. One thousand nhsres of the cap. Ital stock is owned by the Ontario company com-pany and none bv the Daly compsny. The franchise of this company will expire ex-pire In Ausust of this vear. "The Sliver l.ake Water company, which owns the source of wster Supply of ths Dsly company. Ontario company, and the Daly Weat Mining, company, la owned by thess three companies In equal proportions., propor-tions., Praia Tunnel Holdlnga. "The Ontario drain tunnel No. 1 Is owned In the proportion ef three-sevenths by ths Dsly company and four-sevenths by the Ontsrle company. Roysltles sre derived for ths use of this tunnel for trsneportstlon purposes. "The Ontsrlo drain- tunnel No. 1 Is owned equally by ths Iely and Ontsrlo companies. Annual rentals are received from the Daly West snd Daly-Judge Mining Min-ing companies, pursuant to contract from drainage privileges through this tunnel. "A contract hss slao been . recently entered en-tered Into by the Daly and Ontario companlea com-panlea with the Thompaon-Qulncy Consolidated Con-solidated Mining company, by which the latter Is sffnrded drainage snd transportation transpor-tation facilities. The Daly company and the Ontario compsny owns 70,000 aharse each of the capital stock of the Thompaon-Qulncy compsny. whose ground adjoins the Little Bell. Daly West and Daly-Judge Daly-Judge companies. The 1100-foot level of the Daly West company has been extended ex-tended to the line of segregation between the Thompaon-Qulncy company sod ths Daly Weet company's properties, at which point the Thumpson-Qulncy company hss taken up the further extension of this level to develop its ground. The property of ths Thompeon-Qulncy company Is considered con-sidered valuable. "The Ontsrlo company la also ths owner of about one-third of toe capital stock of the Nalldrlver Mining company. Thla property Is not bemg operated at present, but hsa conelderable prospsctlvs vslue. Ths Daly company Is not Interested In the stock of this last nsmed compsny. "During ths psat two years, portions of. the Ontsrlo company's property have been Icaaed snd ths company haa received substantial revenue and roysltles. It ils the Intention of the leeslng company to carry on Its ope rations on a much larger scale, which ahould afford additional revenue rev-enue to the Ontario company by way of royalties, dash Surpluses. "Ths Dstv company has a cash surplus of about ate.OOO. The Ontario company baa a cssh surplus of about 111, 000. "While It Is somewhat difficult to ascertain ascer-tain snd determine whst would be a fair basis upon which to merge or consoltdats the properties of these two companies. In order to bring ths matter before the stockholders of the reepectlvs companies for titelr conslderstlost and determination, the following basis has been deemed by soms of the large stockholders of each of ths companies aa fair and worthy of serious seri-ous con. Id rat km. namely : Bast of Consolidation. "It Is proposed to organise a new compsny com-psny under the laws of ths state of Nevada, Ne-vada, with a capitalisation of 11. KM. 000. divided tn0 100.000 shsree of a par value of 0. Both the Daly company and the Ontario company shall convey to this new company all of the properties, both real and personal, owned by them respectively. In consideration of ths delivery de-livery to these companies of 210.000 shares of the capital stock of ths new company. 7&.000 of such shares) to be delivered de-livered to. rha Daly compsny snd 160.000 Bhares to be delivered to the Ontario company. The 71.000 shares of the new company received by ths laxly company are to be distributed among the stockholders stock-holders of the Daly company In the proportion pro-portion of one ehsea of the new com -psay's stock for each two aharse of Dsly compsny stock owned by him. upon the surrender te the new company of the shares of Daly company stock so owned. Kach stockholder of the Ontario company shsll be entitled to receive one share of the new company for each share of tha stock of the Ontario company owned by htm. upon surrender of his aharea of the Ontario On-tario company's stock. This will leave In the treasury of the new compsny 71,-000 71,-000 shsree of its capital stock for future disposition. If required. The new company com-pany would also have In Its treasury ' BOSTOlf OOPPES KA14QB. Jamea A. Pollock Co.. bankers and broker.. SM-U0 South Msln street, furnish fur-nish the following, received over their private wire this sfternoon: !8alea. High, t I-ow. I Close Algotnah .... 5 J j all T Butte at BDX 4, Butte Coal... S 1il "I 14 Csl Arts. . . 4 4, 4 Chief Con.... 4J 04 74 74 Cop Range... U a j Hi HI Daly West 0 Pavls Ily ..K IT I ,0 7 Kaat Butti .. 1.707 10; 10 1 Oiroux Con.. 1.400 ( 1-101 i 0 Oranby Con.. 1ST IftV 57 l Oreene Can . ioe si 1 4 Hancock .... 140 10 11. Indiana Coa leO 01 Oil i Inspiration .. l.oio a,! 4 j lke Copper 04 27l tot !7 Ia Rose 'J Mason Val 71 Nev Con .... 0 171 1J ..t7i Nev I'lah 11-11 Vipiaaliia tso North Butte. t.5 5H S s North lke . 440 4 , 61 o Ray Con 0"1 1 I ! Hup Boa... Ml it 411 . 4 Trinity 14&1 l . 31 i f. 8. g com.. isol Si U U( V B Pfd ... 1 44 I 44 44 Vtah Con ... 44! IJI It I IS, tereet In ths tresaury funds of some of the above mentioned corpora t lone In which the Daly and Ontario companies are now Interested. AdwrUgss ef Margins- -y effecting the anerger aa abovs outlined out-lined all ef the property now owned In severalty by the Daly and Ontario companies, com-panies, ss well ss those tn which each of tha com rentes has an Interest ss owner of the capital stock of the sever. t corporations cor-porations shove referred to, would be hrongnt onder en corporate control and one manegement. thue eliminating the two nets ef directors, two sets of offl-ctale, offl-ctale, two sets of employees, and very largely reducing the overhead expenses to which theae two companies srs now necessarily put.' It would also enable the mining properties of these twe companies com-panies to - be more economftailly developed devel-oped and prospected and the new company com-pany would have a auffk-lently large treasury fund to carry on Its development develop-ment work very mock mere extensively aad nssnprekenslvely than either of said n KEW YOKE! OtTEB BAKOB. James A. Pollock a Co.. bankers and brokers. 1U-SU Houth Main street, furnish fur-nish the following, received ever Inelr prlvste wire this sfternoon: I Sales. lHlgh. tow. Close. F N Cop ... IS1 II II 1 Oiroux Con J.S0SI 41 I Inspn sSSH Oil 04' 41 Nee t'tsh .. l.enet II II I Rsv Cent .. I.; 1 T-l: II 1 t-14 Yukon OoM ! J Ohio Cop 1 1 -l N Keretono I I n I'tah 1.0001 T-14! T-I T-14 Maaon Val ' 74 Hreden Cop I 4 Klv Cent ....i 1 4. Kly Con 1 1 1 Ia Rose ...J JO:t lt-IOI . M 3 11-14 Nev Hills .. I"' 1,! 1,1 t Msys Oil ! 1.00! tl I tl I tt |