OCR Text |
Show ' TERMS OF PEACE PACT IN NEVADA Charles E. Hudson, Secretary of Stray Dog Company, Issues an Explanation. Charles K. Hudson. secretary of tfl(, Manhattan Slray log Mining com-pany, com-pany, has forwarded to stockholders the following statement In regarj to the agreed declaration of peace between be-tween thid and other organizations of the Manhattan district of Nevada: "Inclosed find proxy for the speclil uicoUnK of wtockboldera which U to be held on September 20, 1910, which please, sign and return to nio prompt-ly: prompt-ly: "The purpose of this meeting ls t0 adopt and pass sufllclent resolutions authorizing the settlement of the U-di-ous and expensive and long-drawn-out disputes and litigation which have been pending for a period of over two years between this company a.nd tho Manhattan Dexter Mining company. "The plan proposed U io lacorpor-ate lacorpor-ate a holding corporation to be known us the Dexter Consolidated Mine company, with a capital stock c( l.&UO.Ouu shares, to which are to be conveyed the Jumping Jack mlnln? claim owned by tho Manhattan Dex-ter Dex-ter Mining company, and the property of this company. "Iu consideration of the convey, anci? of tho claims to thy holding company, tho holding company Issue Its entire capital Block to the Manhattan Man-hattan Dexter company of Nevada, th Manhattan Jumping Jack Mining company nnd Manhattan Stray Iioi Mining company. The relative proportion propor-tion to which each company hftll be entitled In to he determined by a board of three arbitrators. "The plan also contemplates that hII litigation In which any of the above mentioned properties or corporation are now Involved will be disposed of and finally settled and dismissed. "The officers of the company, and IU attorneys, have labored lnccs.mt-ly lnccs.mt-ly for a period of some months past in conducting tho negotiations which have finally culminated in a proposed settlement of all difficulties along tho lines above mentioned; and the pa.-t has amply demonstrated the fact that iidUI euch settlement hall have been adopted and ratified by proper corporate cor-porate authority, thero valuable mining min-ing clalmB will continue to remain Idle Indefinitely under tho various Injunctive orders and processes of the court. "We. trust that wo have satisfactorily satisfact-orily explained to you the wisdom of this proposed merger, and tho absolute ab-solute necessity of carrying the above plan Into effect, If any dividends are ever to be realized by the stockholders; stockhold-ers; and so we. hope that you will lend your approval to a proposition which, when carried Into execution will Insure the active development, on a large scale, of one of tho promising prom-ising mining properties of the we6t. |