The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-04-01
REoRGASIxiNG MONTE cRrsTp.
Ffoposftton Made 10 the Stock hold
ers Of Closed-Ouf Conpaufe~


yea 70 the Seattle Poss-In "a lsresrr~r.
ENkFsETT. March E-'TAe following no
aSe Vial 10 -o1hs bss interesting reading
70 srea- many readers OK zae Pest Tn
teAns~Eicer especially ra@r rAa oxa MIN
ZIG interests IN Snoaomssa county.
AZ Wiz DC remembered thar a<ter the
GAs2odt q ike Monte 1rssto railroad the
frt1e Of tae Mountain Asnsnx Company.
.-.s Ao7ss Crssfo Mining Company. ard
lie nsse=l IocEs neraSlsa COMPANY, we're
placea In me hands u receiver. through
ana 1y the request ana order Of Joar D.
f.NSSsfel4er. 1ao held a. mortgage Upon
eAeh one OF the companies. ard that the
properly was afser~ard sold By .ae re-
eeiser and ooogns IN ky 4 eonraistee. n
SHOWN below. Mr.. Gates, one Of the No,a-
mice. being TIE chief financial adviser Of
Rockefeller.
Mr. Rockefeller in order to be fair with
ne stock 1olSers u the companies has
maize a proposition 10 the stockholders FOR
reog san.za;ioi1. % which the following Is
sops. r-asa person must come up with ms
e@sa oy April ]. fsse. Just bow many OF
ne stockholders will go into TINS new or
ganizatioE IS unknown
ros41wiEg IS tae proposition referred 10:
T. the Stockholders 81 Tie Pride % the
Mountains Mining Company. Monte cvis-
10 Mining company. The United conean-
traSion Company.
Mr.. -. Dear Sir: The mortgages
81 The Pride o: the Mountains Mining
Companies, dated January /, iSs5, OF the
Monte Cristo Mining Company dated jan
Larry !, 1855. and ~ the United Concensra-
Llon company, dated May J. 1854. and
March J. lsa5, have been auly fcreciosea.
sne properties sold 70 the undersigned
committee, representing the bon3A5iGers.
ana the companies are about 10 be reor-
gaGlxed.
III Is proposed tina. The Pride OF the
Mountains Mining Company. Tie Monte
Cristo Mining Company aud the United
Concentration Company ha united in enc
corporation on the basis Of he relative
amount OF each represented by the bonds
wiki interest and By obligations q The re-
spectsVe properties. which The reors aniza-
tlon committee has paid In cash.
The bondhoiders offer 10 each stock
organization and maintaining his interest
in the consolidated properties by his pay
nag ais pro rata share OF the debt Of he
company Of which he Is stockh2l3er. and
his pro rata share OF that compa0y'S pro-
portion Of he working capital tsie,vts1 OF
the proposed new company.
TIE cash outlay repre-
scented by b3n1s with
interes; thereon and
cash expended BY fIe
reorganization commit
tea In discharge or 81
the obligations O. The
Pride of the Mountains
Mining omp any
amounts 10 ..-......... Sit3, 3fan3
Its proportionate
seSsment for working
capital OF new COM
pany .................... 3.asa1
in new company 49,. sisss27sS
Cash outlay represent
Cd hy bonds, with In
terest etc Of tn.
Monte Crisi0 Mining
Company, amounts to..S ss,9ia.is
It's proporlionate assess
mens for capital. etc. 2,40s.&
Proportionate interest
in new company ..... lei $50 20
Cash outlay represented
by bonds, with inter-
est. etc. Of The United
Concentration Com
pauy, amounts 10 $500 $ihs,5A 20
Ita proporgiouate assess
ment fer capital. etc. 4Ii3S
Proportionate interest
in new company sls3,4ss-sS
----~-----
Tais Will give q stock Is
sue 10 the new conn
pany or .,.......-.-...-. s4Ai.eS'.a ID
Represented by AIS g77s-lo.ooo shares at
500 per share.
There are f,0o0o1 shares OF the stock
of The Pride Of the Mountains Mining
| obligations OF the company and Of the
working cgpitai OF the new company 10
each share of stock Is 50 1883
There are Gas. SIS shares Of the stock Of
the Monte Cristo Mining Company issued.
and the proportion OF the obligations ct
the company and of t7s working capital
Of the new company to each share OF stock
Is So ioi4si.
Of Of