Show MINES AND MINING L EDITED BY P. P 1 W. W SPRAGUE r TALISMAN CEDAR TO TOBE TOBE TOBE BE SINGLE COMPANY COMPAN COMP AN Definite Arrangements f for Consolidation Con Con- Are Finally Finaly Complete MAKES STRONG CONCERN i Adi Admits its of Vigorous Campaign 1 of Development in inFine Fine Estate Definite arrangements arrangement for the consolidating con con- of or the tho Talisman and the tho Cear Cedar Ce Ce- dar ar Mining MininG companies of Beaver Deaver count county coun coun- t ty have finally been made and meetIngs meet meet- Ings of or the thc stockholders of or the two i companies companies to ratify the tho agreement made mado by the tho directors director have beelik been k culled called for tor October IG 16 As ts the tho directors direct I ors urs lown own control of or both bot companies companie I the action acton to bo be taken at the tho meetings meetings meet meet- ings of or stockholders will wJ be a mereA mere mero A formal formality I with wih the result In no sense n In iii doubt According to 10 the agreement a new company compan to bo be known as a the tho Cedar Cedar- Talisman Consolidated Mining com com- v pan llan will vIlt wl bo formed with a station tOI of shares of or the par value of or 1 1 a H. share Each of or tho the old od companies will wJ receive shares of or if of or the tho now iio- com company pan and 30 0 nOO 1100 shares will wi remain In the treasury t S' S As R the tho Cedar is capitalized for hares t-hares hare and Talisman Talman for r stockholders holder of ot the former will wm re receive re- re share for or share In the exchange and those of the tatter latter wilt will wl receive one and sixth one of or the tho new for one ono of r tho old Strength in lii Union Ulion Consolidation in this case casc came near being a necessity It I will wi at least j make one company much more than thans twice as a strong as was wa either cither of tho s old od oll ones once one The Tho Cedars Cedar's claim caim In which are arc its Us main workings Is almost entirely on- on T trel lirely surrounded by ground o of tho ho Talisman m. m and It has segregated claims which adjoin the thc Talisman Tho The consolidation con con- will wl eliminate alt all al possible disputes over apex rights and will wl adf admit admit ad ad- f mit of or far more economical l working I r of or the tho properties than would be po pos pos- y as two estates The Cedars Cedar's main workings are arc near the center of tho combined estate and aro are equipped with wih hoist and compress compress- compres- compres OI or O The Talisman owns more ground than luau does docs the tho Cedar but It lacks tho the equipment Development of or both properties can bo be carried on to tho the best lCt possible advantage ad from tho ho Cedars Cedar's Cedars Cedar's Celar's Ce Ce- dars dar's lars lar's workings s. s and It I f is the Intention ns as soon on as the deal shall have have been formally ratified to proceed with wih a vigorous campaign The Cedar al already at- at read ready has las opened l A good lod body of oC shipping shipping shipping ship ship- ping ore oze to the thc f 00 level le and the shaft shat Js Is down clown to the tio GOO COO Tho The Talisman hasa has a shaft that down 4 5 feet with wIh good ore oro showings In several eral places Tho consolidated con con- property should make oneo ono one w. w o of oJ the II bIg mines of or Beaver county countr |