Show ANNOUNCEMENT On account of tim the numerous In Inquiries In- In regard regarding In the present status of oC tho Utah Karns Tunneling Machine company and Its future operations operation w we deem it I duo to th tile tho public as well velt asto ns as fR to lcm our stockholders r to make the following fol 01 oh- oh ln 10 lowing public announcement announcement- who Tho rile president of lh this company is If one of the tho heavy stockholders in inthe tho the original Karns pat patent nt made a Li adeal I deal about two years ears a ago o with the J. J P. P Karns iCarus Tunneling Machine company com corn Imn pany for or th tile the he right to the thc u use o of the tho machines in the state of Utah for tho tue life of or tho the patent At that thal time a C machine four our feet three Inches in diameter ha had bath been made male antI and operated with wih a considerable considerable consider consider- I able Ible degl degree e of or success s. s This of ot coure course was not n a C commercial size machine machine ma ma- chine anti and th the public at that time was wa very vcr skeptical of Mr Ir Karns's Kains's ability of larger machine to make makl a success s a It I was the tile opinion however of or many well 1 known mechanical experts that Mr Mi- 11 Karns would bo ho able to make male a machine of almost any size sizo that would be a comm commercial success and that opinion has proven pro en to bo be le correct as a shown bv iy recent tests of a a six-foot six machine at Bould Boulder r. r Colorado Colordo ln lel Believing in the tho future of this machine machino ma- ma chino chine and ani aul acting upon UIn th tile the showing then lIen mIHl mode J. J R. R Belcher now nov president presS presS- lent dent of th tile the Utah Korns Tunneling Machine company compan took tool advantage of or orthe the tile situation while the thc proposition llon was In lii Its Is Infancy und secured d tile the ox- ox x- x rights to the time use of the machines machInes ma ma- chines chIlIes In Ill tile the state stale of oC Utah as a before stated under tho the most favorable terms in fact net no nn such liberal terms will over ever be le written for fO any other state or country countr as the Utah Karns Tunneling Machine company practically practically secured thi thus this state tat on a cash basis basl while the tile contracts for other states state will wi call cal for a heavy hea royalty The Utah Karns larns Tunneling Machine company compan was organized l about two years ago ajo with wih a capital of shares share C full l paid 1011 pall and non non-asse non assessable able with 1 OOOO shares or one half tho tile capital sl stock ck In th the treasury for development de de- de- de purposes This stock stoel was tr first t placed on the tile market marJet at nt per share and afterwards ufer- ufer after wards al rne rah 1 i to tr IO per pr sharo 1 by hy nho 1 ard or- or f later was wa withdrawn entre entirely from the ther r market on account of oC promises e from heavy y financial men of or a certain amount of mone money to finish paying paring all al the obligations of the company whenever when wilen- ever called caled for In the meantime the panic of last lust October up upset l all al financial Inan- Inan finan cia cial I plans and the tIle company made mad no further effort fort to sell Iel stock pending the test tet and amid operation of the six foot machine After this was vas done don the tile stock was again offered for sale During the tile past Imst two weeks successful success success- ful Cui runs run of the machine have u hn been heen made anti ami today the Karns Kans drill dri ranks with the tile greatest inventions of the age ae On the day of Jul July the fol following fol 01 lowing prominent engineers and mining min main lug ing Ing men saw th the timo six foot machine In operation H. H A. A Summer chief engineer engineer en en- er Moffat railroad Henry Bolt Bolt- Bol- Bol hoff hoH of HendrIe Bolthoff machine manufacturers Denver en el Colo olo Ed aro mine Cripple Creek Creel Colo Cola Thomas Fielding of Corey Fielding William ilam Rogers lIngers of the tile Santiago mine Georgetown Georgetown George George- town Colo Cob W. W ONeil O'Neil Oel of Akron 0 O. Herbert George general manager ol or of orthe the Continental Tunnel runnel Railroad company W. W J. J Murry lurr of the tile Victor Fuel company E. E S. S Carmen Cormen of or Cleve Cleve- land 0 O. L. L 1 D D. Blauvelt amel George Thompson superintendent of motive power Moffat lepre representatives tives U es of or the Denver and Boulder press and ani others Tho llie Utah Karns Tunneling Machine company owns an foot eight foot dull drill and anda a clear deed to the state stat rights of Utah Ulah representing n a n total investment of ot about and Is 11 out of debt The foot eight I foot ht-foot machine referred to tois tois is 11 having an attachment added to It I ly by the time Vulcan Iron Works of Denver Denver Den Den- ver and should be bo read ready for shipment to Utah within the tho next throe three weeks and as as the tho machine arrives it will wi be installed on commercial worl work This company compan will wi need only sufficient cent additional funds to install intal this machine as it Is the tue intention of oC this I company after the thrill dri is In operation operation opera opera- tion ton to act a as u a holding company compan leasing the tho machines to big mining companies and where largo large tunnel projects are arc organized this company will wi take part pait stock In the enterprise I and part cash at a stipulated price per foot toot This method of operation will wi tale take all al the responsibility off oc of the time Utah Karns Kars Tunneling Machine company compan and makes the stock one ono of the most attractive industrial Investments Investments Invest Invest- ments on the marl market et Until sufficient funds are secured for fOI the Installation of the machine the tile stock can be purchased at one dollar per share The original stockholders are a again subscribing liberally to this issue lue The Tho books book will wi bo ho closed without without with with- out furth further notice a as soon a as sull- sull lul- lul cent funds fLuIds are aro realized to carry this enterprise to a final lila success s. s All Al orders older for stock should hould be addressed addressed ad ad- dressed to W. W E. E YI VIRUS Vigus us Treasurer l UTAH TAH MACHINE MACHINE MA MA- rA- rA CHINE CO COMPANY 4 I 1 4 Dool Dooly Build BuIld- In lag ing Salt Lake City CI |