Bisbee daily review., 1906-02-18
LUCKY TIGER WILL
 ISSUE BONDS
Official Statement Issued by President to Stock.
 hUlderS
Kansas City, Mo, Feb. 6, 1906.

Kansas City, Mo, Feb. 6, 1906.
 To the Stockholders of the Company:
 You have from time to time during the last few months been advised as to the unfortunate litigation into which the company was thrown, through no fault of it's own. It is gratifying to be able to report that the courts of the Republic of Mexico have decided that the payment made last July by us was correctly made; and that we are now in possession of our property by order of the court The expense incident to such litiga- ton as we have been engaged in, nee essarily has been very havy, and as you are aware, there is a final pay ment of $240,000, together with ac- crued interest, due the original own CTS on April 6. 1906. To raise the money to meet this final payment, and to meet the obligations given for bor- rowed money used in protection of the interests of the stockholders dur ing the litigation, the stockholders at a meeting held in Douglas, Arizona, January IT, 1906, by unanimous reso- lution authorized the directors to oner a bond issue of s400,000. The dfrec- tors have exercised this authority and have issued the bonds.
 These bonds are in denominations IS of s100, $500 and s15e00 They are dated March 1, 1906, and are payable in gold in five years, with interest at 6 per cent. per annun from daHt; the interest for each six months is repre-, 5ented by a coupon which is payable to bearer. The principal of rke bond is payable only to registered owner. All the bonds are equally and ratably secured by a pledge and first mort gage or deed of trust conveying to the Pioneer Trust Company 0f Kansas City, Missouri. as trustee for the bondholders, ali Of the stock of the Tiger Mining Company, s. "A. (owner of the mines,) BIS wen as an other as- sets of the company. It fs provided in the mortgage or deed of trust that the company may buy bonds at any time in the open market, paying not
 more than par plus two and one-half per cent. premium and accrued inter- est. The company may rRdeem the bonds without notice at any interest paying time before maturity at par plus two and onehAH pen cent pre-: minm and accrued intereEt, and may redeem bonds at other times before maturity on thirty days notice to the registered owner, paying pr and two and one-half per cent premium and accrued interest In clst less number than the whole izue is re- deemed at any one time, tR bonds to be redeemed are to be selected by lot by tn truste. It is provided that if the company defaults for nruety days in Ae payment of interest ur principal, the trustee may sell ai1 Of che assets of the company, and with the proceeds first pay the bonds and interest. The honds can be used as payment for trustee.
 In the opinion of the directors the bonds will all be redeemed long be- fore maturity, and for that reason the above provisions in regard to redemp- ton have been made.
 The directors have authorized the sale of these bonds al so per cent of the par value and have decided to of fer them at this time solely to the stockholders, (which term includes te holders Of trustees certificates Tn addition to this, the directors have decided that each subscriber to bonds shall have the privilege of subscribing for treasury stock of the company, at par, to a namount not exceeding 20 per cent of the par value of the bonds he subscrfbes for. For example: If he subscribes for s1 900 in bonds, for which he pays $500. he may also sub scribe for twenty {or less) shares of treasury stock at s10 per share. The subscription to the stock is not obi gatory, 1t is a pure privilege to se- cure, at par, stock of the company, which some of the directors and stock holders enthusiastically declare will be worth $10o per share before Jan uary 1. 1908. This stock is part of the original capital stock of 65, 900 shares. There has been no increase of capital stock. and none is contemplated.
 It is needless to repeat to the stock holders the history of the Lucky Tiger mine ;the real development of the mine has hardly begun, yet during the eighteen months next preceding the armed raid and forcibie seizure of the mines by Graham and his co-con- spirators. the mine produced for us $396, ,411.63 worth of ore, the entire output of the mine has been used in making payments to original owners. building reduction works. buildings. erecting buildings. and making tun- nels. and generally developing the Conservative mining men estimate that we now have at least one million dollars worth of ore Yin sight" or blocked out" The vein is well defined and is very rich. and has every indication of improving as de-