Show details of merger regarding garding R the deal now pending between the uncle sam and may day the tribune of yesterday says it is hardly a consolidation that is being planned for the uncle sam and the ray may day companies no authora authon dative announcement is yet available but the proposition which will be handed the two companies for de t termination is pretty certain to be as fol lovys lovis the may day company is to be 6 revamped A new organization vill will be formed capitalization being t it 1 shares of stock five jiun bun dred thousand shares of this stock n will ill go to the present owners of may day stock while uncle sam will take lover ov r the eb balance at what rate per afama w m ill be made has not been ascertained but the plan has created a favorable impression wherever understood 11 there is no question but what the two properties could be developed along more economical linee it if they were under one management in the first place the uncle sam has a shaft that is down over feet and through this shaft and the workings that have been extended almost to the may day line would be able to reach territory that the may day could not hope to reach otherwise without the expenditure of a great deal of money and the loss au of much time the richmond anaconda aroun I 1 i which is practically owned by the uncle sam as well as the humbug will be retained by the uncle sam am mining company |