Show fOI JI iI South Columbus Issue nr lo t II Stockholders HeAlon for the desire d lre of St the South Houth Columbus ColumbuA Consolidated company to consolidate with tho the Alta Alln tIn Min Mining ing nl ng company ny fire are given In a I statement that thai has ha been brn mailed to stockholders by b bySee Becy See Arthur Arlhur Magoun fa un The Te statement In part says IY The matter of ot successfully financing the th company has lia hu engaged tho the serious rlou attention of or the Iha board of ot tor dur duro during log ing the tho last six pIg Ix months month and no satis BaUB satisfactory factory conclusion has been ben reached until recently and ind nd after carefully In InI I the situation and ond becoming conversant with It we wo ore era convinced that were ere n ft reasonable amount of ot funds fund fUlda available for development work the properties could be b con can converted Into a n thoroughgoing mine and anti have the te possibilities of becoming one ono of ot the famous nOUN properties Ir of o the Ih country This Til being bl the tho c cure fc It II has hal been b n deter Mer determined determined mined by b the board of directors tora that thai tho the company ought to lob be financed In such auch a n manner as n wilt will wi put pul It II upon a n producing and Ind concentrating basis During DurnI the tho to last hot lall 60 G days the tho of or this company have hae brought lt 18 Its affairs to a point where the property cart can be s adequately financed assuming that the tho plan devised I meets the co and Ild approval of ot the stock stockholders stockholders holders In order to carry out the tho plan recently conceived by b tho the board bear of dl di directors rectors a a number of things will wil have have to In be done 1011 The suggestion Is IB to Organize n a new com corn company pany stock lock In which Is I to be 0 exchanged nt at the th rat rato of ot five f shares of or South Co Columbus Columbu Columbus lumbus to 10 one ono of ot the th new anil six X shares of or Aln Aim for tor one ono of ot the new nt stock stockBy In By D 13 the this tub treasury means shares Ihre will wi Ill be left leftIn lef leftIn The Tiie ll most moat Important result of this cooperation MOrton from a I financial pont point of view at 11 any nn rate will 10 be that the num nurn number ber br of or shares harrl outstanding anti and hawked hawkedon on the th market nt at n a n very scry ry low figure will wi wIllbe lx be b converted Into Inlo n a stock lock that will 1 be completely lifted out of ot the th cheap chell class and the Ihl new company will 11 have proc practically of ot of or double tho amount acreage thU Ihl company and nil all ni of ot It of ot equal e ul value as its IA near lear us as u can cal be b determined wih with the property pr rt which the Iho company 11 ln now tins has hn The Te plan has his come cotsie as 01 a u conclusion to 10 very ry diligent study and Ind Investigation of ot tho the problems confront confronting lag ing tho the company nt sit 11 this Ihla moment and andIs Is II regarded by Isy h the directors a as the Ih wis wisest yb 1 est cot 0 1 course couro for the company compan to pursue to Its II realize upon Its la assets aBet and aOI convert cn rl stock which P PI pays ty no 10 dividends Into Inlo a I astock stock lock that will vIIi wil we think very 11 shortly short not net nn a n profit to Its Ita holders holM Wo We 0 feet feel quite sure ur that thai the Ihn stock of the thA new company which you yU ou will wil get under the above 0 will wi have hn a n higher cash value by h fur than the tho stock tok which you ou now hold assuming that the plan proposed Id antI and above set APi forth meets meet with lh your our approval |