Show COLORADO CON U ft NUT NOT T TO BUY MORE GROUND I AT PRESENT I The development on the property of the Col Colorado rdo Consolidated Mining company which will wi embrace the te twenty six claims now owned owed by the Beck Tunnel and the Colorado Mining companies will wi be through the Beck Tunnel shaft which i is down dow 1100 feet teet and welt well equipped with wih hoisting machinery machiner This will wi permit the tile company to develop the properties more effectively and at less lees cost than if I operated operated oper oper- separately which Is the object of the consolidation The Tile capital stock of the new company compan will wll be shares of the tile par value of 10 cents each The stockholders In the mining companies will wi receive in In the new company share for share of ot the stock the they now hold which will wi take tale shares Half Hal a million shares will wi be bes beset s set t aside for treasury stock and will wi be used by the directors director for such purposes as may appear most advantageous for the company the company the purchase of other mining property or any other u use e. e The new company will have In Inthe Inthe Inthe the treasury treasur and will wi be able to increase Its Is production within a a short short time according according ac ac- ac- ac cording coring to Manager J. J William Knight The manager says that he Js is confident that they will wi shortly shorty develop ore from the Beck Tunnel workings which wilt will wi in regular shipments being made and lie he feels certain certin that the new work will develop a big tonnage of ore of a shipping grade gade The directors re are aie not considering the purchase of oC the Old American merican and other in n that vicinity as has been reported from time timeto to time since the consolidation proposal was made |