Deseret Evening News | 1910-06-23 | Page 6 | Reasons for Bonds

ron In to II Utah i Copper rel Now New w York Vork June M 61 1 Mac Noll president Irl of nf tile the Utah Copper COPIer lOm AI lane hOI Issued 1 u n circular to 10 tim tho stockholders them of or tho the plO pi o o ed sinking fund rund told gold bond Issue or of 6 p per r cent tot for the tho purpose of or buIldIng a alow now low raIlway line lne the to the therl rl und and lne at alt 1 t Tho of or the Ihl Arthur and Ind Mona Masna nt at lt Garneil limit be bc belog beUK log Inu UK raised rl r to tip t about tons Ion dally 1111 makes necessary ncr tills this Ihl new line lne Tho The statement says sas Prior to 10 tho time construction con of or tho plant lant this company entered COlored In Ino II Into to 10 o a u contract with the Denver 0 Ilio Itlo Ho Hallway company for tor the IrAn trana nf of ores up UI to a maximum of ot tons dally daily Transportation service rl ice co luring during n a largo large part of or the limo has hl hll een so Inefficient that It I haw has resulted II In n earnings anti ami your determined It would be b un In sate to 10 rely rei upon 1101 by b bIhn tim Ihn ho to transport tho Ih greatly Increased M tonnage which the Ihl cOlpany will ivill wi be b upon th und and enlargement om nl of or plants plant referred r to 10 Tim of 01 tho the when enlarged will wi be b a nalo tons tona per ver day In In excess or of f what the tIme Denver Ulner k Itlo Hlo Grande amande Ornde Is Ii under contract to transport