| Show MAKE MA E ANOTHER BIG PRODUCER Such to Be Unquestioned Result Re Re- suit sult of Standard Central Coalition I DIRECTORS OUTLINE PLAN Bin Standard t. t ej ers rs s Arc Are Advised Fully on oil I 1 i- i Proposition rf c- c n l n ii exhaustive of or the tho plan of or the IWI u off coalescing coalescing- tho LIo Interests Copper and the tilO Hr I Im m im Central Mining company antI and Rul coalition has haS 1 of oC such uch u l t lla i t l. been Issued b by ti dh lh-clors of or orti Standard for the h Information Information- and anal ti of or benefit of the Ibe shareholders Ct b by The rhe is signed V H- H and president N l l 1 tHI 1 of It I Is that the community J Iown exl existing tIse coIn lom II that aro ara unusual front tho ho th Central has hns ti IHm or ore bodies which h are ar Im know wn Il to o extend 01 Into boles Standard The he Cen Central 1 Era has three we well wel I I I to Um n Ore developed 1 nel which have two to of JU C to the tho Standards Standard's Jn Unas 1103 if It I cost rost lie tite Standard thousand of Ir dollars i to c 11 Its Is own Broun roul Independently to the same depth 1 I Is In reality therefore an c of ur ore of-ore ore bodies foi- foi development work for or tho StAn townS lowns owns It acres mon mor ground than titan the thc Ct Central Summing up tu situation tho state stale m ell sa says 5 In Ii Ho to arrive at a u fair air basis bI for foe for consolidation It t was vas decided ehl could be he considered con con- that the tV two properties equally the greater re Clop dc and more nore equipment C Central com company Y balancing t the ht o of or tho the ll 1 greater a c telU lel b by tho the H Standard it company of or these properties will 1 without question develop cop much wi queston Im and more mort valuable oro ore bolies bodies than luau those already known to lo exist but both properties to together ether can cn be bc devel developed te Opel and operated os as economically a as either ant alone an and will wil form forum ono one of or lh time the largest elhel est anti and most valuable groups In ham district district I From the point of or I view W of the fling fling- I liam ham Standard Copper company the d desirable for forthe consolidation 0 Is c especially the tIu following reasons It lt t affords ls ample funds minds for development develop develop- m ment nt purposes Rn and relieves this corporation corpor carper atlon from room 01 Its Is floating liabilities aton It H furnishes this corporation with tunnel and development tc work which could only be obtained as a result re re- re- re sult of an immense expense and anti years cor of time It Jt I supplies supplies' time the Standard with equipment in Iii machinery and ant building It I places the combined ll property within close proximity to to-in to an n extension f. f J on v HH U 1 1 rf rm 1 V rj toi to tp the tiRe tJ tl ox experience nce of oh oton a 1 1 to lo whom Is Js la largely due uc the development de tie- e- e of ot ham as ns a copper camp The properties of these two companies com corn panics when hen combined It it Is believed ed will wil make one of- of or the time greatest producing lug ing mines In camp The mining min In ing property thus held will wi consist of oC ono OMO sin single lc group roup of approximately acres bounded on omi the west 1 by the he properties of or the Bingham m an and New Haven Hayen Copper Copp r nn and Gold Gol Mining company com corn PattY pany and the Utah Consolidated Mining company on time the by the thc Boston Consolidated Mining company an and on tho the thoat cast ast at b by Ul tho Uie United States Slates Mining nl compU company an and the lie Last Lt Chance group rolp thus titus leaving only the southerly end n which Is not directly In contact with developed le and producing mines TIme Tho location of or this thiR territory with wiH respect v t to these surrounding s. s the record I of or production from room the lie mrle workIng work work- Ing in both the Central and Standard tanji-d t properties les an and the developments ts recently re re- really lal made Justify the tho belief amounting amount In lug ing practically to lo an n assurance that thal ore bodies will wil bo ho developed within tills ld territory equal to tn those In the adjoin adjoining llull- llull II lug ing HU and more mor thoroughly developed ground of or Us Its prominent nel neighbors 1 Under the plan of consolidation adopted adopt adopt- ed d. d a a. a new cot company an is bl to tI be he por- por under the laws of or the time male stati- of Ir Wyoming to h W be known Iwo 1 as tIme tho Bingham hat company compan It I is to 0 be le capitalized for fol J tIme the capital 2 stock Mock to be he divided Into shares ur of the par value o of K each euch Eight Bight hundred hun hun- tired dred thon thousand ant shares of or the tw capital stock will wil be he set to be le exchanged ed edor for or outstanding ll stock tock in lit the tIme present companies tho the stock to tn be he allotted one half to th the LimO stockholders ers o of each of Ir r tho the present corporations that Is li to say suy J shares aro are to be set t apart for or time tho stockholders of or your yonI company 1 and are an tu to be set aside for the stockholders of ur the thc Bingham ham Central company rhe The f. f OO shares of stock thus hits divided divid ed between tho the two C companies will wil be he exchanged cl fo for of the time present holding n n proportion to llio thio capitalization lol o of each company This Timis company has a capi capitalization capi- capi ot of shares o oC of which Jr shares have ha e been Issued and ant out nut standing Therefore the iO shares of or stock stoel In the tIme new company to lo be he allotted lo to the ln Bingham ham stockholders will wi be he divided amon among those stockholders s desiring to ex exchange ex- ex chan change c. c on the basis of one share o ol 01 Bingham ham Standard Central compan company stock lock for to two shares shares of Bingham n stock Time The Central company Is cap cap- for or hut but shares of oC which lQ remain in lit il tho the treasury and therefore e the stockholders of that tha company will wil r receive he approximately approximate 11 3 ill 3 of oC new stocks for one shar cit of stock In the Bingham Central com corn tan pany But of lh time the old ol companies r receive a full ul one half one one-hul of or all al the thc stock Is Issued b by the holding company and anil the thc Bingham Standard is not concerned It in t the tho Centrals Central's Cental's organization In h hother other words Swords each ach company company would receive thc the same m stock Interest in the thene new ne company whether the Central company were capitalized for one share or ii C many and r of the number or 01 names of the stockholders The he stock t k now In th time the treasury of or each of or tho time old uld companies Is to be transferred to the Bingham Con Central Central- In company consideration of nn an a agreement I on Ijo part part Of ot time the hold In ing ipg company t to finance e and ant conduct th future operations an and development dc of the of oC both bolh There properties companies 11 are 0 shares of or stock remaining In Inthe the Bingham Central Mining company's g treasury an nail anil I IJ shares of or stock In inthe the tho Bingham Standard Copper Coppel comI com com- I treasury lr This treat tm ury stock in ny th the present companies tInts thus assigned assigned as as- signed ine to the bidding company will wil re remain remain re- re rC- rC main permanently with the holding company compan as an aim al asset of oC the holding company and ant the treasury stock of the time nOW new concern will wil be 10 le applied for the purpose of or carrying on the time future op operations 0 oh- oh orations of the tle present companies A at stockholders stockholders' er meeting of the thc Bingham Dingham Ding Bing ham Standard has lias been heen called C for r March 3 30 when no doubt full ful ns assent enl enlI I will vl be he expressed c to the the po Pl proponed ld plan I 4 I t i jU j- j t r U i j r r j rA r- r ii A 4 k f t k l i c u |
