The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-04-10
TETR0 COMPANY MAKES
STATEMENT ON SALE

notwithstanding all the explanations
that have been made concerning the
terms OF the deal through which the Te-
uo Mining company disposed of its
properties at TintiC to the PlutuS COM
pany for $4,000 cash. and in COnSidera-
ton Of which the purchasing company
gave the Tetro shareholders an option on
z'O.oO shares Of its treasury stock at
S-9C per share. there seems to be hardly
any of the scattered shareholders in the
retro company who understand the stu
alton. On account Of the queries that are
an the time being made. and TO straiEhten
the matter out once and for all. SeE'e
tary r. s WINNER of the Tetro company
has issued the following explanatory let
ter. Read 1t and then you will know
Just what you can do with any TetrU
stock you may happen to own,
Dear Sir-On the sd day of December.
1888, at a stockholders meeting of the
Tetro Mining company of Tintic, at which
said meeting there were represented go
50 shares of the capital stock Of said cor
poratiOn out of "a total of 100000 sha res
outstanding. at which meeting a resolu-
ton was unanimously adopted authoriz-
ing the sale of all the real and persona
property of the retrO Mining company OF
Tintic to the Plutus Mining company. q
Utah corpora ton. for the sum of $1,000
cash. and on the 10Th day OF January, A.
D. 1893 the board of directors of the Te-
trO Mining company OF Tintic declared a
dividend of said money under a resolu-
ton Of the board of directors. of which
the following is a cory:
Whereas. This corporation has hereto
fore sold all its real nd personal prop
erty TO the Plutus Mining company. a
Utah corporation. for the sum Of S24W
cash. and received and now has said
money in the treasury Of this corpora
ton. and
Whereas. Said money constitutes the
entire assets Of this corporation. and the
81 me should be distributed as dividend
to the stockholders Of this corporation.
dividend of the sum Of 81 600 cash be and
the same is hereby declared on the capital
stock of said corporation, that said diVi-
dend be payable I'm money to the stock
holders in proportion to the number of
shares Of stock held by each stOckhOideT.
respectively. at the rate OF cents per
sha re. that the transfer books for sail
dividend shall close at 6 o'clock D. m. on
Friday. the 18th day OF April, A. u. 1853;
said dividend is payable on Tuesday. the
10Th day of April. A. D. 1909
After the purchase Of the property Of
the Tetro Mining company OF Ttntic by
the Plutus Mining company, a large num-
Der Of the stockholders Of the TetvO Min
ing company of Tintic desired to pUrcha Sc
stock in the Plutus Mining company. ana
the Plutus Mining company agreed and
did give an option to the stockholders of
the Tetro Mining company of TintiC to
buy 10000 shares of its treasury stock
at So cents per snare on or before April
% 1903.
may purchase Plutus treasury stock pur-
suant to said option. to the extent OF your
holdings of TetTO stock: that is. for eacn
ten shares Of TeJro stock YOU own you
can purchase nine shares Of PiutUs stock.
The Plutus stock is now selling on the
Salt Lake Stock and Mining Exchange
for 90 cents per share and ! respectfully
recommend the purchase of Plutus stock
in accordance with the terms above
stated.
Therefore. should you desire to pur-
chase PIutus stock at the price herein
named you should send your TetTO stock
to nae with an order for the dividend
mentioned i'm this letter prior to the Goth
day Of April. 1863. and I shall certify to
the stock which you send and forward
the same to the secretary Of the Plutus
Mining company. together with the money
for the purchase of said PlUtus stock and
will send YOU b. mail said stock.
You can readily see that il viii be tC
your advantage TO make the exchange Of
stock instead Of claiming the cents per
share declared as a dividend