Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-04-10
GIVES STATEMENT
ON SALE OF TETRO
Secretary R. S. WINNER Explains
How to Get Stock in
PlutuS Company.
OFFERED DIVIDEND OR STOCK
Agreement Calls for Ten shares OF
Tctro Mining for Nine In the
Plutus Company.

Because Of the misunderstanding
that has been general regarding the
sale OF the Tctro Mining company
property 70 the Plutus Mining COM
pany r. S. WINNER. secretary OF the
Tetro. has issued a letter explaining
tho situation The communication reads
as follows.
"On the 23rd day of December. 1905. at
a stockholders meeting Of the Tetro
Mining company Of Tintlc, at which
said meeting there weue represented
1s0se2 shares OF the capital stock of
said corporation out OF a total OF 300 900
shares outstanding, at which said meet
lns resolution was unanimously
adopted authorizing the sale Of an the
real ana personal property of the Te-
tro Mining company Of Tinuc 90 the
Flutus Mining company "a Utah cor
pordtlon, for the sum Of S2f 900 cash.
and on tho goth day of January. A. d.
1919 the board of directors OF the Tetro
Mining company OF TIntlc declared
dividend Of said money under "a rcsoIu-
tlon OF the board of directors, Of which
the following is "a COPY:
Whereas, This corporation has here
tofore sold an its real and personal
pany. Utah corporation. for the sum
Of $4,000 cash. and received and now
mas said money iu the treasury Of this
corporation, and
Whereas, said money constitutes the
entire assets OF this corporation and the
same should be distributed as a divi-
dcud 10 the stockholders of this corpO-
ration,
"Now. therefore be lt resolved. That
u d % o "a ..UW
be, and the same rs hereby declared on
the capital stock Of said corporation;
that said dividend De payable In money
20 the stockholders I'm proportion 20 the
number OF shares Of stock held by each
stakeholder respectively. at the rate Of
s cents per share. That the transfer
books for said dividend shall close at
o'clock on Friday, the 10th day Of
April, A. ID. 1909. said dividend IS pay
able on Tuesday. the 10Th day OF April
A. ID. 1909"
DEAL FOR STOCK.
After the purchase OF the property
OF the Tetro Mining company OF Tintic
by the Plutus Mining company OF Tin
tic, a large number Of the oclSholders
OF the Tetro Mining company OF Tintic
desired 10 purchase stock In the Plutus
Mining company, and the Plutus Min
ing company agreed and did give an
option TO the stockholders of the TetrO
Mining company of Tintic to buy 270 900
shares OF its treasury stock at S SO
cents per share on or before April %,
1903. You are therefore notified that
you may purchase Plutus treasury
stock pursuant 10 said option 10 the
extent Of your holdings of Tetro stock:
that Is for each 10 shares OF Tetro stock
you own, you can purchase nine shares
Of Plutus stock
Therefore, should you desire 20 pur-
chase Plutus stock at the price herein
named you should send your TetrO
stock TO me with an order for the divi-
dend mentioned in this letter. prior to
the Goth day Of April 1903 and ] shall
certify to the stock which you send and
forward the same Tor the purchase Of
said Plutus Mining company together
with the money for the purchase OF said
Plutus stock and viii send you by mail
said stock"