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Show -uu NOTHING YET HAS CHANGED OUTLOOK Brief telegraphic xerpts of the report re-port or th. Montgomery Shoshone om olldated Mining . ompany recent-1 issur-,1 ),;iW. ,Jf.f.n (,V,n ,n thege i ohimns, and the full report reached westers shareholders on Mondav. This report sets forth that at the 'annual I meeting of the shareholders, held in February, 1912, those present onanl-mo"9l onanl-mo"9l areed to the plan here described de-scribed : T1K8i! a" the mhinor nd other perishable or removable property of the Hubstdlary companies in the stale of Nevada and to pay the proceeds' over to the Consolidated company on account of their existing indebtedness to it. This would render it possible to reduce expenses substantially, to lease in Hi- fr-.iwiirv of t li- ompan an amount sufficient to protect the In terests of the stockholders of this 1 ompany for a period of years, pend-, pend-, lng any iossible future developments which might giv alue to the mining lor other properties of this compel! land to U6e the balance to wipe out I the existing indebtedness of the Con solidated company by a composition or settlement, thus leaving the Consolidated Con-solidated company out of debt and 111 suring the return to its treasury of the stock of the subsidiary companies now pledged as collateral. The report then says The directors of the company have therefore been guided by the wishes of the stockholders as so expressed, and ave also made the proposed 6et tlement of the company's indebtedness referred to In the circular letter above j mentioned . Under such settlement the company was allowed to retain it cash assets, amounting to $25,364.05, and In settlement of its bills payable, 1 it contracted to pay such sums, not 1 j exceeding an aggregate of $50,000, s j might be realized from the sales of j j machinery and other perishable or re j movable property in the stale of Ne- vada and from a pending suit for freight refund. I 00 I |