Show lehi gintic tintic officers out with statement the following statement 7 has been issued to the stockholders by the i dl of the lehi company on the day z of aff december JV W 1920 vw your a directors met and levied an assessment 7 of 1 cent y per share isif payable a w on iky or before january aw 31 1921 i on the capital stock of the cor horation po ration iw the y levy of this bwy assessment was way delay ed by reason of frivolous suits brought by george nicholes these r suits so far have been w to ar question faw the acts not of the vy present directors ff but of the board of aff directors at aa the time george nicholes was in con arol so far he or the people aff w in the name of whom the saz suits fi have been brought have not V been vei successful say 22 the recent suit to question the val 0 edity of the stock being assessable vw was dismissed by the ww court jw your directors regret aisy very much that by reason of the a acts of george v nicholes aff the stockholders TW are com belled to pay attorneys etcy fees but the officers have dewy exhausted every effort to meet any reasonable sv jkr desire zisi 0 mr nicholes might have abec A fec vf aw since the aey annual saw meeting when the wf new nsf development faff ff ff work was 2 de aided upon aisa your i isa superintendent seiw has energetically pushed the develop ment work the W power line has been extended the transformer ff station and the 1 compressor aff plant moved to the portal ww of the new vy working sy tun net ff i no 4 new hoisting machinery has been 7 installed w two isawo carloads a of shaft zy timbers ey delivered at the mine 7 and all supplies abw of coal explosives etc 7 laid in for the winter the new shaft a which w Is being sunk assaf aw under con tract Is progressing iny in wyat a most econ f wims and efficient manner the t shaft is now down fy feet ff and progress Is being made at the rate of z four feet a a day ff fw judging ff from the slope of the master vein aff the a shaft should cut this fissure w at 6 a depth from to feet ff and while a afy contract adso aw has been so let for 7 feet W of shaft indications kesz are that some coin mercial ore should be opened around the foot level iw the fis fiad directors fi aw twy realize ay that assess ff ments bear heavy 0 on the A ers but with fe the purchase of new aw equipments equip mens and high costs of mater f atals it has taken considerable money A development develop men jaff t but as the peak resy of W high costs is now passed more bwy work fi can sy be accomplish tasy edL for less basya money ww the policy of your fy directors of akay keeping ya the stockholders fully 4 in W formed as to development 7 at the will K be continued wy and we hope to have more encouraging news in the near future kiy |