Show V flEiGER IS EFFECTED I California and end Comstock Shareholders till lr Action of 01 Directors Just Jut n no M was wal predicted the plan pin for tor a n consolidation of ot the Comstock and Cal California CalIfornia at Park lark City has been perfected and It Is now uj up um to the tho stockholders stockholder of the two companies to 10 ratify tho the action of ot the tho boards of at di dl directors directors rectors of at the two corporations corporation which will probably be done donI without delay dela The d stalls Iolla concerning the merger were finally on Saturday afternoon which In substance are as follows A A new n w company Is la to be formed with witha a capital ta stock of ot shares t harl to be known ns oR the tk MIn MInIn Ins ing In company The present pre ent shareholders iders am ama to receive rec le share for tor share In tho the new concern Each ElICh of at the present cor corporations or Is I to pay pa oft Its Iia own In Indebtedness indebtedness and to perform Its part of the agreement the California share shame shareholders I holders met mft on Saturday and levied an assessment of ot 5 0 cents a II share this assessment will not be sufficient how however however ever to clear oft off the slate but will 1111 require r another levy ley ot of equal amount to 10 dp do 11 so The Thc Comstock eom lock Is IR also quite heavily In debt but has an asset all et In the shape of at 45 I shares shuren of ot stock Inthe In Inthe the Iho treasury Litigation has hns been threatened for tor name flUme time ns no tho the California Call company alleged that It had hall evidence to time till effect that the Comstock hall had pen penetrated Its territory and nOlI opened up thi ru coma somo valuable alual la oro cm channels The merger mener Is 18 looked In III mining circles ns no a II happy happ solution and cannot but help work vork to the best interests of ot all nil concerned The Comstock Is equipped with an nn milling plant the Ih California also have a mi very er good one fly lly moving the machinery of at the latter to the former fornier tons of at ore ncr l day can b be handled bandied Work will be continued In tho thio which la hi i being dropped to 10 the TOO foot toot level leel |