| OCR Text |
Show I "Iron King Consolidated" I New Mining Company Formed by I Consolidation of Local Companies. n .Tfrere aro doings in the Cache U Valley mining world and these "doings," as represented by Or-U Or-U son Smith, head and moving .spirit of the Iron King Consoli-B Consoli-B ' dated Mines Co., an organization jQI resulting from tho consolidation jH of the Luck' Star and Crown Mining Companies, certainly look I good. According to Mr. Smith, M the new company is going to de- IB vclop the Lucky Star and Crown prospects in Blacksmith fork can- yon to an extent that will deter- mine whether or not there is any B .great body of oro there. The good looking feature in the situa-I situa-I tion is that this development is to I be begun immediately and pushed rapidly to either failure, or sue-I sue-I cess. That it will be wonderous II .success, Mr. Smith has not the I slightest' doubt, for to him, after I years of experience and a great j deal of investigation, no prospets ever showed better even with I I more extensive development than marks this properties. The organization of the Iron I King Consolidated Mines Co., was prefected Monday by the election I of the following officers and filing I of the articles of incorporation. President Orson Smith. ,k Vice President Leo Nielsen. ,") I Secretary and Treasurer L. S. I Cardon. I These with A. E. Cranney, of M Logan, and J. E. Langford, of I Salt Lake City, form the director- I ate. I Can Exchange Stock. I Under the new arrangement, 1 , stock holders in the "Lucky Star Co., may exchange their stock for holdings in the Iron King Consolidated Conso-lidated at a ratio of three shares , of Lucky Star for one of the big Company. Holders of Crown stock can get one sharo for ten. The stockholders are invited to make the exchange,or if they prefer pre-fer may retain their individual holdings as they stand. All who desire to exchange their stock are urged to do so at once. As to The Future. Speaking of tha now company, President anil Mnnager Orson Smith says: "A block of 100,000 shares at 10c per sharo is now offered of-fered the. Cache Valley public. I can sell this stock elsewhere without difficulty, but I would prefer to see our home peoplo take it. The new organization absolutely insures the proper development de-velopment of theso properties,and though only surface scratching has been done there yet, tho indication indi-cation already is such that if the prospects were located in Nevada, or in Park City, wo could get a great price for them if wo cared , to sell. But we don't want to sell and we do wnnt our pcorjlo Bj here to reap the splendid result H sure to conic with extensive de ft-, i A velopment, and wo offer them tho JE' opportunity at 10 cents per share. 3 "OnTucsday nion will start for B tho mine and from then on- de ll velopment will not -cease until wo know what is there. A shaft will H be sunk in tho great cave men- H tioned in the press heretofore, Vj and I nm thoroughly confident B that as wo sink on tho blow-out K wo will bo led eventually to a K great ore. body. Every inch of tho H mountains there is mineralized, H njjd ,iu Jbthe,r'qjp.yo Ihcro are Uious H amis of tons of low grado oro ox r K m posed to view. This is not shipping ship-ping ore, but it can't be far away. "We propose to fix the road so that any kind of vehicle can get to the mine, and in all our work we propose to go at In a determined, deter-mined, business like way, and if the people will stand behind us we will produce results. One mine in this community would mean great activity throughout the valley, and I feel that the public ought to support us in this determination to demonstrate demon-strate whether or not there really is anything worth while in the eastern range. DeMrves lupport. The Republican reiterates what it has said before: Any well-organized, Bane and thoroughly determined de-termined effort to demonstrate the mining possibilities of this valley ought to bo supported royally. For thirty years men have been giving up their money for other men to do a little scratching here and there, and the money has beei wasted despite de-spite the honesty and good intention inten-tion of all concerned. Orson Smith and "the push" of the new company com-pany talk like they mean business pa,ny that talk sounds gbod. If you arc interested in the development develop-ment of the valley go to them,talk over the situation and if all looks good to you put up some money jto help the proposition along. Cache valley needs mines, and payrolls, nnd with these would be a kingdom lithin itself. Don't let prejudice keep any from giving the Iron King Consolidated fair consideration. |
