Show NEWHOUSE BACKS S T i UP DP BOSTON CON ON lj Pledges I Two Millions 7 ns of r. r f s Salt i j Estate 4 Lake Real to S Take Up Stock S J r FAITH IN THE PROPERTY r tj l. l 3 jJ 5 Letter tetter to Stockholders Sto Gives Them Chance to Unload irh Shares at 15 1 5 S J 1 r i 5 f S G 4 44 4 H M f f M H t f t HO HOf o 0 S r f t 1 s ft S x I ov own real est estate te In th tho bus bun 41 4 L x f or of t Salt Sal Like lAke City Hr I 4 valued at 2000 OO I I. I I am am am f willing HUng that this property be 4 appraised b by the U Real al sta jr 4 ass association cia l n no o of or SnIt Salt L Lake kc City City- J Jand and agree to to accept within th the tho 4 4 next thirty days sh shares res In th the 4 BORton Boston I Consolidated Mining Mining- f ft 0 t S. company at ht the rate rat of ot 16 15 per pei i t 4 45 share from any shareholder or 4 I. I f 4 shareholders vho o U i will deliver 4 S shares to the aggregate ap p p 44 4 r 4 praised value of ir m my real es es- es s 4 4 4 tate SAMUEL S. X S SE 4 J 5 5 5 I 3 r. r 34 4 44 t 4 H t 4 t ss 4 f 01 I 1 Banking Banking- two wo million doU dollars dollars' rs' rs worth i of or S Salt I Lake lG re real l estate te ag tiC against tf destiny a or of the Boston conso dad J Mining company compan Samuel vh V uv J rett returning yesterday a from rom Nevada e. e evada d- d f 1 v sued a aletter letter Ietter to 9 shareholders of ot d j Boston Consolidated ed and an offered to t ac accent 1 7 r. r dept cent shar shares sat at 15 16 15 a a. share The he letter indicates th that t Mr lr Newhouse New New- ew house house has en enough faith faith in his Boon Boston Cor Consolidated to encumber his realty in Salt Salt Lake to tho the ext extent nt of taking up its it value in sl shares lre This letter letter w was 1 issued at nt the close oC a eUni j i if at the home of ot Mr r. r Newhouse c ho re y yesterday yester- yester er t day d afternoon S 55 J S v To n stor S t j I For Fot 01 tho the sol s of ot of restoring t I. I Confidence In Inthe the the value of ot his hla property proper proper- roier ty tr Mr lr makes the te ofer which appears as a part put of his hL latter Ho lIe lo tays taY h hIS t faith in In th tha ta tamino mino and In ht iT the lie liebo value bo of of the property Ji 3 J aVid ho ho r e U e. e 1 o r or h 1 40 l up p thc hc s l l' l rs The ThO rest or th of ot r S To ro o the tho shareholders of otte Bost Boston p r c Cons Consolidated I company Gen Gen- Because Because of ot rm rumors rumors rs In lation Jaton conc concerning temporary difficulties s S encountered red b by the Boston f dated Mining InIng company compan at a the tho com com of operations upon Its It per por- pO f ore oro bodies and the serious exaggeration e- e t of the facts upon which the o rumors minors are aro founded I 1 desire at a i this time to state tho conditions to our our shareholders shareholder 1 The Time first frt ore encountered by br the I steam stem shovels sho although h good god In fn copper copper cop cop- contains considerable amount per a f Of or Iron which prevents prevent its it profitable t W i concentration under present operating conditions dur Our underground develop develop- ment mont proves pro that tU t as the shovels cut cu s deeper doepel Into tho ore body tho Iron Iron con con contents r tents ca caused sed by the tho tO proximity to the capping b becomes comes t greatly reduced I Enlarged Methods On my return from Europe dl during 3 the p past week past t. week this thi's condition came to tomy tomy t m my notice and I immediately enlarged our methods methods n of or mining to Include the th j production of oro ore from some of sf our I tunnels at a depth where o there nr are no noiron noiron iron difficulties and from which h j p. p a profitable prod product ct can cn be male made mae at tho the will require iro 90 days to d days to make make mill mil It I i these changes effective S There Thero Is no reason for tor uneasiness t t concerning concerning tho performance of ot our QUI new mill mi Even uner under under- the adverse adver circumstanCes clr- clr v of handling the tho product prout first coming from tho the shovels Jt it It has haa- ha- ha hash sh shown wn an average n saving ss of 66 G per per 1 cent cent 5 These rumors excite distrust rind ud nc suspicion in the minds of shareholders si and necessarily ri affect the of or tho the shares shards My faith and confidence confidence- d jin A j in the mine and In tho value of ot the the i company's sh shares res remains unchanged S but if it these those rumors h hav have c seriously Impaired unpaired Im- Im paired the tho conn confidence nc of ot any am of th the shareholders or if they aro are dJU j fled fieri with their Investment I make to toj Oi i V them the following offer offer offer- ofer- ofer S o t L-t Letters Sent S Today i. i 1 j l Then Them fol follows WS tho the oc offer which Is f H quoted Above bovo Copies of or the the letter will bo be mailed to every holder of B stock this morning ton ten Consolidated i J JIt It I will wi either go a a. long wo way toward restoring rd re- re rf f storing confidence o in the big hIS New Newhouse New New- J t 1 house hous property or will wl Increase his his' I holdings to a remarkable extent extent The fact that Mr r. r y Is Ising 1 w tf J ing ng to risk his whole fortune fortune fortunen in Satt ultimate s suc success Lako Lake real estate on tho time Consolidated pr proD proD- ce cess of the Boston f ertle will wi bo be generally discussed v Row Raw and b by every one along Brokers Brokers' e P t J interested in raining mining properties v zt f morning k t t tel 1 Saturday Boston Boson Consolidated was wa quoted at ut U-Hi U asked with wih no 1 cl CJ 0 TIp Trip to X na li j hl his three i When n asked about about tree trip to N Nevada from which ho rc ho-rc- rc- rc ii Nna na turned e Mr r. r Newhouse said Id I J 1 simply salt made mado a n flying tIng trip to to Goldfield Gold Gold- l Nevada c camps to get get y field old and other other- acquainted with tho the situation lua lon there toward entering th S 'S I I have havo no plans tU 1 p ic on S I S. S S 5 S it S S 1 S S I S. S I r w i o J i A H NEWHOUSE BACKS I UP BOSTON CON Continued d rum nun Page oge One ODe field there ere but rather r I I. I Intend to extend extend ex ex- tend and push my Utah operations as S much as possible With the tho the rise In th price of f copper which I look the output of ot the r ng properties In which I a am Interested S will be Increased and preparations for r 1 tho tho Increased output will be he coin coin- i f. f nce n nt once once |