| Show FEDERAL ELY LETTER BETTER Set Forth for tor Calling of or Special SI 8 uig A Iu 11 I letter has hUl been Issued to 10 of If the thu Federal raINal ICly IY Mining Milling company forth tho thu remains for tor forthe UK tho calling ni I II or of the thu meeting on oil 01 the 1110 lust The letter says sye f Y YAK AH AK you UI arii al doubtless aware when tho Ow I hi company laIi wan true formed and II l Us II I ta stock stuck Pieced upon the Oie market U it 1 eight mining claims iia insI Jy y thu tho ho lee Rattler I ad King I Mint Oakland mid tutu Oak Oik Oal lund and hud 11 tin option lon to 10 what Is I 05 iK thu this group roll of o mining of or the tl Lii K liia Xu No 0 1 No 2 Selma No n 3 No NoI 0 I 1 ii No 0 2 ott No n 3 1 Moun Mountain tt luul lain tain tu I t Maid 0 und a nO ii Uhl I i ild ih ur I 1 1 mining in I thal Ills HI nee lire Hie Iho I i 1111 I wa a I il ilLI LI UK I I t s stock et orIc upon II U ll I t I to hr market und I I nd a 1 portion or ot tho he 11 i i Y stunt Hindi ills ill Ioset of or the tho company has secured op options to tn what Is 15 i known as a tho thin ost st Harmon Hurmon Fraction Queen of tho the West and nl Panama lode mining claims also what Is known us as the leu l and water right Tho The Queen of ot the thc West ell Harmon and the Tempest are situated most moL 1011 fa La favorably Mall and In lu thu tho center C lter of the tho nun min mineral eral crai rl belt ot of o tile tho Ely district The Tho ranch consists ot or 1100 acres of or land and n a very cr valuable water vater right rl ht connected there therewith therewith with withIn wih In lit making payments upon the pur purchase purchase chase prie for various proper properties tes ties tho tile company has hns exhausted tim tho funds derived front from the sale le of o treasury stock and has been beel compelled to bor borrow bO borrow row rw very cry considerable KUI sums Hums H ot of money y from flom certain of nt tho the Individual stock stockholders stockholders holders There Is still sUI ti n considerable amount unpaid la on out 01 tile the purchase Price of or the various properties held under tinder Uller bond and If I the tho company wishes to secure absolute title tte to these tho proper properties properties ties tes sonic some method ot or securing the tho necessary essary tunIs funds In order orle to complete the tho payment must be devised d dI It I would seem that the mot most equlla equitable ble bk and nn fairest way n to t secure those lilse Ih so funds Is II for tor or each and every stockholder o er erto to contribute his proportionate amount In this thus way a the tho burden raIls falls fals upon each alike In proportion to his holdings In tho tim company and mno no one cue ole Is I taxed be eld his hia just ju t proportion The Tue company In the tho th opinion of ot those tho o who are arc re familiar with Its prop property erty orty has very er l ablo assets alJets antI and nd It only requires the tho expenditure of ot a comparatively small smal amount of a money to 10 complete completo the tho title llo anti and place tho the com COn company pany pallY upon a I sound suld looting footing The present articles of or incorporation tion do not provide for tor any ally on menus means of at and In raising money monc by lV assessment n order to 10 make the stock assessable It I will wIl bo ho essential es that the thu articles ot or In Incorporation incorporatIon corporation be amended This will ivill wi re a vote ole of C the tim outstanding log ing II capital stock and Ind It Is hoped hopet and desired thAt no ne stockholder will wi oppose the tho amendment and thus thuR stand stand In the way tS of financing the tho company company anti an placing ing lag It In position to tl secure Seure tho the feces necessary sary Bar funds to complete compete the tho purchase of or orthe the property held hold by It U and affording means to properly develop and nd equip the tho property |
