Show Bf BEAVER f MI MINES f fI I INTO T A Mf MERGERS fAI Through a Deal Closed Clos d Up This Afternoon Beaver Con COl and Hen Hezi Harrison Harrson Arc Consolidated Consol NEW COMPANY BEING BEINe FORMED Wi be bc Known as the Beaver u Mining Company With a n Capital or Of Shares Shar SharAn An Important deal eol was ns consummated In title this city this afternoon whereby two to well ei known Beaver county mining properties were merged the Beaver Consolidated and anti the lien Harrison both of or which are aro located In the tM Denver Beaver Lake Lako mining district Tile The Til result of at this transaction Is the organization of ot the Beaver Mining with i a I capital stock of ot snares shares of the par value of or Jl 1 each Tho limo stock stockholders stockholders holders of or tho the old companies will wi re cc stock In the now new share for tor share and anti shares will viii wi be b left heft let In 11 the tho treasury to lO be ba sold for tor development de purposes The properties are adjoining groups anti and Ind are lre only a short distance from room time the Majestic Copper Mining lUning Smelting company 0 K U I mine mille The Time heaver Consolidated Is equipped with wih the mot mout mo t powerful hoisting plant In Beaver l IIer county and the tho Ben nen Harrison also lleo has one on almost as a good The rime Th consolidation hal line been lIeen talked of or for tor somo time tle The Time two wo mines have ha been een under the he same Ime anti the tho th shareholders In inthe he the th two corporations were micro re pretty et much Identical This being tho the case cRe It U was ivan wal thought that It I would be to the tho Inter later eats cats of ot nil all ni concerned to join Issues Mr J J the thc manager ns as well wel as asa asa a n large majority of ot the th stockholders could sec ree e that by b adopting this thi Illan ilan he tho mines could bo be operated on an n a much mich moore noro economical hauls basis Mils than thun they the could coul bo be b by being segregated The stock of or the new company will viiI wi be mode made mao assessable and anti by this means menna the tho company corpany will wi be able to ml raIse so front from time to limo Im to 10 carry on out de development work Manager has haa stated that hat an nn assessment of or two cents cent a U 1 the Issued stock will wil wipe out the entire of ot the tho two companies while four toU of or one rent each eich levied quarterly will wil bo 10 to tola pay la all ni operating expenses without re cc j to o iho V of stock In Um UI rr nA as been een obliged to depend on out 01 tho the sales enies of or trans treas treasury hIB cry ury ur stock tock to lO carry carryon on development vork ork and anti some name IlmO times tho the sledding sleddinG has Imas been beel pretty rough The combined company owns a t tract comprising about acres which Is Islo lo located cat In a promising locality U It I Is IB limo tho Ila Intention of ot the time nent ment to 10 direct nil 11 energy In tho the Beaver Consolidated C shaft which had been sunk unk to a n depth of at 60 foot feet the deepest one In the time heaver Beaver Lake hike liko district This hll shaft shot Manager says will wi be bo continued 1111 no let up tip will wil probably bo ho made mado until It II reaches maclies tho the toot point Mr Ir Wil one oils of ot the tho lint Ir t to place pin co confidence In 11 the time Beaver Lake Lako Liko country countr and he lie h tune nover wr lost lo l In Inho ho tho region Ho lie 1 has line stuck to It and nan has met me difficulties which nt at I times almost un 1 6 Ho lie Is II In the tto fight to win and that his hil labors will wil be bo crowned with wih success Is little Ito doubt Late developments In 11 im tho Beaver cr Consolidated tC have ha f been of ot a decidedly encouraging nature |