Show PROVIDENCE I MINING SUCCEEDS SCOTT scon co l Mining ai and Commercial Company has hal been or organized for the purpose of of taking over o the properties and an business of the cott cott Mines com font pany F. F I L. L Smith is president James lames Ott Oft vice president 31 M. 11 O. O treasurer and Rene Van Bu secretary It I is a Maine aine corporation and capitalized for divided into shares of preferred stock stoe and anti shares of common stock This company is to exchange its shares for the Sott Scott shares on 01 the basis of on one share of the the new new stock for forty shares shares' of Scott and 3 cents a share ad The properties formerly owned by the Scott Mines company in Pioche and anti Arizona are to tobe be opened up by tho the new company which promises to intro introduce introduce duce the accumulative dividend system for the preferred stock not to exceed 10 per cent which is to be paid semiannual semiannual semi semi semi- annual ly Some time timp a ago o A. A W. W Scott or organized th the S Scott ot Mines company and after gathering in several of the properties in and around Pioche a flotation was made Some dissatisfaction was expressed expressed ex pressed presser with wih the management ement of Mr 11 Scott Scot and the investors obtained control of the company compan which he had haa fathered The new sew corporation is the outcome of ofa a reorganization that was set on foot soon after Mr Scott Scott lost control |