| Show 14 VOTING TRUST CIRCULAR Cl U 1 1 i In Sro IRI IRIt Se March h 1111 M t To Into late flails of Ot yesterday brought to toI 1 I t I j I tills this city a 1 I circular Irola rom tho the I r i voting trust committee to 10 ift 4 tho the stockholders of or that corporation corpora lion Ii j who nho had hod deposited their stock mock with WI th the tho t t committee Tho rho circular Plates 1 Tho Thu committee was 1118 surprised to toi i I learn carll the tho lie financial condition of tho the cor COl corporation corI COlI I I When h n the change chanGo In tho the t j 1 board of waa made its lis debts I approximated OOOO 2 of ot which um about US past duo and the re reI I i I I will mature within a 1 tow feW 11 1 months I t 1 i Upon Inquiry tho the lowest estimate I t i that thal the committed l could procuro as OH to 10 tov I v h 1 the tho amount of ot money und and length of ot unto limo h tr i absolutely necessary to pay oft oit tho the In int InI I t Vi 1 1111 develop the tite properties l I r i 11 to so that tho the smelter timelier could bo ho put pUI and A I l I kept In lii blast was and a n years r rite Tho committee did its Ita best beet to toI 1 I q this tills sum BUnt of money through vurl itrI I 1 DU us parties but without nOd and It ItI I jow Ol desIres to tIlt that It Ills la Is unable to 10 toI t I the company In its present con upon Ion advantageous terms to 1111 II as RS an all alli i Independent ent corporation The stockholders who have IIno deposited I Ii their stock 11 I lick must mut now 1101 decide whether il they thoy desire to dissolve the voting trust I and take nice charge eh of ot the tho prop I 1 themselves or tho the alternative t Whether they will authorize th corn com comIt It to accept an all offer otter made to it It Il by mother corporation for tor or the tho transfer p lule puh or exchange of ot the Majestic stock 1 with tho the committee for tor the tho took of or this thin now corporation corpora lion J I The Tho committee would like In III tills this dr jular lular letter to embody tho thu terms brats of or tho thu thoi thuI th thI i I for lor the tue 01 nr exchange of i ho lie Majestic deposited with It to tomother toJ J I mother corporation but at lit this time timet 1 t ho details have havo not nol been boen Lie arranged with to allow of filCh 1 y I I j However inasmuch as time Is IB most t tho the o not hot to f I v hilt lit lt for lor the IhO of ot all itil details lie lillis I i nit lut lIlt to issue a 1 rail all for tor or a U of ot tho the Ij 11 I stockholders In In tho tito belief blit bell blite t tI I e J nt lit bof before f that time titUs nil the t 10 terin of Ut Ito Jio IQ o proposition will been y V agreed upon lit In the tho meantime tho the ir ns Of soon ns at possible will till pre t tilt tut to lo each depositing the I If V f w proposed p plan together with nn an agree agreement ment m eat for tor him or her Individually to ex CX execute eXecute cuto e This Is dons done for tor the convenience of ot o f those thoe who cannot personally attend and a oa oo tid because e on account of ot the failure op of ot o f tha tho voting trust agreement freemen t to tOBO BO so provide p depositing stockholders cannot 10 h nc e represented at the meeting melIng by proxy Vo Wo o therefore give gho you notice that thal then here t will be lie a meeting of at the stock b ulder who have deposited depo their stock stockwith with this committee on March 28 25 1901 1904 nt at a t 11 cloel In n the morning at theof the nt flee fice fl ee of ot tha the company No 11 William s street In the tho city of Now New os York |
