| Show SAYS UTAH CON HAS BIO THINGS IN STORE Future Accomplishments to Be Even Greater Than in inthe inthe inthe the Past Fast ITS RECORD OF EARNI EARNINGS Has las Paid 6 6 G for Every 1 In Invested In- In vested vested Valuable Valuable Holdings Hold- Hold ings Left Lef I have been heen confident from the tile outset that the Utah Consolidated build a new smelter says sas George L. L Walker Valker In tho the Boston Doston Commercial Commercial More than tan u a year a ago I stated that It was as the desire deiro of at the tho company's management to prove to Its own satisfaction that Its Is ore oro bodies extended laterally and to depth be before before be- be fore rore taking the chances of ot building a a new plant The information obtained obtained ob ob- ob- ob tamed b by the past two years years' development development development devel devel- work has satisfied the management management man man- apparently and the te work worl of or erecting the smelter may begin very et soon In the meantime Its Is ore willbe will willbe wil wilbe be treated at th the Garfield custom 3 smelter as a at present present I 1 halo ha c believed for years vears eal that the I Utah Consolidated s d was vas sr a big mine that its remarkable dividend dl record made macic In the first frs f few w w years of ot its is operations would be he continued In Indefinitely In- In definitely and that stockholders would receive back more mono monc money than tho highest price ever reached by the stock stock The total amount paid in b by original stockholders of or Utah Consolidated Consol Consol- Consoli dated was waR This statement presumes that all al the notation flotation stock i was paid for tor r but I would better say my that the amount which would have o accrued at tho the subscription price for forthe tho the stock was or a little less The stock was put out at one pound per ner share which would have ha e amounted to pounds had there thero been no promotion or vendors vendor's stock stoel issued at a n lower price or free With Jh this money and subsequent earnings the company compan paid for tor its Us property purchased additional claims built buit a tramway and a smelter of 50 tons capacity It I twice enlarged Its it smelter ter until it I had lund a capacity of or SOO to tons dal dally daily the plant wa finally abandoned because of or litigation HUgn- HUgn tion ton started b by farmers Carmels who succeeded suc sue in proving to the satisfaction of oC the courts that the sulphur fumes from the Utah Consolidated smelter were crops causing great damage to th lr Record of nf The predecessor of at tho present company compan was or organized in l 1596 All AI of the construction work worl referred d to has been accomplished and paid for in the year 12 period perlo and the compan company com coni- pan pany has disbursed or 2564 per share in dividends and has hs accumulated accumulate in Its is treasury a surplus surplus surplus sur sur- plus of or at least an amount equal to that paid pal In by stockholders at ft organization Otherwise stated tho the company compan has earned 6 In net profits for every ever dollar dolar originally paid inand in in- and has Its mine its is tramway and other oilier equipment and its Is old smelter practically all aU of or tho the material of or which can can- be used In the construe construe- tion of the new plant In reserve Stockholders of Utah Uth Consolidated should now recall the published misrepresentatIons mis mis- representations of the condition of at their their heir mine about two years cars ago ao which were partly porth r responsible for the decline In the price of ot the stock to a little more than half Its Is present market mar mar- ket ret price The will remember that I lid did ld all al I could to establish re-establish their confidence In the tte- tte property and Its Is management that I a assured them the a assertion erton that a n fault faul had hd cut off Its Is ore deposits and carried them Into an adjoining adjoining property had no basis lasIs of at truth and that I T encouraged them to ed Increase their hol holdings of ot the stock stacie I when n I it St was Wa selling seliina at vcr verv low n.-i n. ts 1 V that lint Utah Uth Conso Consolidated d i stock will some omo time sell eJ at a shares anti and that earnings antI and divi den s will cause it to lo be i bou bought ht at that price for nt Investment I T look for or the announcement of or the tIlo purchase of or large large land areas meas In to cause a cuse turn in the market for the stock In InI m my opinion Utah Consolidated will sell ell I above e S 30 O in lathe the near future wI |
