Bisbee daily review., 1904-04-14
1. s. & Pitts.
 AIMING co. New Organization
DEVELOPMENT co. WILL BE RE ORGANIZED ON BASIS OF
 2H SHARES FOR ONE.
Eame to Be Lake Superior 6 Pitts bure-capitaI, $s,ooo, ,ooo--In 3oo,ooo Shares-Par Value Sfo-stockhoId- CTS of Development CO. May Pur- chase 3 H Shares at Par.

The following circular has been is sued today to the stockholders of Lake Superior & Pittsburg Development Co:
 Tt has been decided by the manage. Oent of your corporation that the de teiopments on your property justify the organization a mining company. giih sufficient capital 10 equip the properties and put them upon a divi- deEd paying basis as soon as possible Therefore your boaTG of directors has determined to organize a mining com pany under the laws Of Minnesota, substantially in accordance with the plan followed by the Calumet & Ari- sona Mining company and Calumet & tittSburg Mining company, to-wit:
 Plan of Organization.
 Name: Lake Superior & Pitts burg Mining Co. Capital, $3,O0O,OC3 In S00,000 shares of S10 each. The Development company shall transfer all it's property, real and personal. to the Mining company, on terms as fol lows:
 1T irsi-The Mining company shall assume all the indebtedness of the Development company
 'Seeond-One hundred thousand shares of the stock of the Mining com pany shall be issued on the order of the Development company, which shall be divided pro rata among the stock holcers of the Development company upon the surrender to the Develop of hns This will give each shareholder of tue Development company two and one half sha. es of the Mining company without cost.
 'Third-One hundred and thirty housa3d shares of the stock of the Aiming company shall be open to sub scrlptiOn only to stockholders of the Development company pro rata-i. C., each stockhclder of the Development Company shall have the right to sub scribe for three and one-fourth shares Of the stock of the Mining company at par for each share held by him in the Development company, provided Chat no one shall be entitled to sub scribe for a fraction of a share except to make a full share to which he may te entitled under the preceding para graph.
 ouIah-Any stockhol6sr of the Development company, who fails 10 subscribe and pay for any part Of his pro rata share of stock in the Min ing company by the date hereinafter specified, will be deemed to have fhereby elected not to take stock in ne Mining company, and shall there after have 10 right to take such stock
 Subscription.
 Pursuant to the above plan, you are hereby notified that subscriptions will be received for the stock of the Lake Superior & Pittsburg Mining company at the company's Calumet office, from and after April g, until 12 O'Clock June l, when the subscription books will close. Stock will be sold at it's par value of S10 per share. The full amount must accompany sub scriptiona
 No subscriptions for stock will be considered unless received by the sec retary on or before noon of June l, and unless accompanied by draft, ex- press order or postoffice money order, payable to Peter Ruppe, treasurer, for $10 for each shares of stock so sub scribed for, together with certificates for stock in the Lake Superior & Pitts burg Development company, regularly endorsed and assigned to the compa- ny for cancellation.
 Certificates of stock in the Mining company will be issued originally in one certificate in the name of the per son surrendering stock in the Devel- opment company and will be delivered at as early a date after June 1 as possible. Those desiring to transfer & part of the stock or have the allot- ment divided into several certificates can then endorse and return the cer- Gieates when convenient to be trans ferred as desired"
 The circular is signed, by order Of fine board of directors, by Gordon K Campbell, secretary of the Lake Su- perior & Pittsburg Development com pany.