The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-11-22
ELY CENTRAL ASSESSMENT
pIPtRT WV Of "a sTNE >ETS
u iIfH an FHE MONEY.
Spi 4 treat Deal ii1, anne IN hat q i>n't
Coin. 1" Ia> "unscl ices for the
In,lirI~iI NcIWtJri> Bunch Drpo~,.
tory Q. Dr,irrr,i To i,anE DD TO o..


tuins To- IA, "unscl frrs Tor the
Indicted rrhsfI-i> bunch D-pss,.
Tor, Q. Or'irrrd To i,anK on To o..
N" n-;Hr. mont u Justice. which
r-.G.-i Il II :. hvi. ..- 4 60 "a a h'p'ke'
rh,y aud - Irus'"Irtng IN" m"mt"rs IL
the trn r,, sc"nt"l - plan tor raising
=, d"fcuC,, t.ud for t'rorgr Graham Rio"
Barnard II N"hcftcl~ and their associates
los iNcrus ut IN alleged r"organ AVIATION al
the Ills central Copper Company. TIA"
loading Sri-ftclS company who's" stock
m, suld - hlch - 81 dropped rn 30
cents after N,h"tt"ls 4 60. WAS rald'd
and dr,hncd tu cents after the w.
organrSstiou rL,n Wa announced
Those Interested m ia" reorganization
scheme declared Yesterday thai TtS only
purpose j. Z" SAY" IN" tk Central prop
erty from falling into H." hands OF rival
interests and to CIV" III" stockholders AT
least IA h'tl. sonnet hing tor their money.
Stockholders who hav" already con
tributed under IN" rruT.. LuI/atIuu sChsrue
need nave II" fear tina: their money will
Ice used 20 paw the. fee OF the lawyers en
gagged nv Rice and tn" rest for the De-
par m'It ra, alr..'iy directed the Security
Transfer and Registrar Company nf ~
Broadway. TN" temporary d"pnsitary for
the stock and assessments of the Ely
Central stockholders tn hang on Ia all
the money sent IN uutIl further orders
The reorganization committee itself also
takes credit for this action. Not over
o. .oOO has been cont rihuted so far.
Notices OF tn" proposed reorganization
were sent out on November j from 10
Wall street. They said that the company
Ia. not over SIS OD Of outstanding IN
debtedness. including ST.. go of first mort
gage bonds. and IL without funds tn con
tinue development wnrk. II was stated
that he development work had gone along
steadily unt II "A few days after tn. Srh..
tels raid ~ an expense of Si5.WO "a
month. with on. shaft down ~ feet
The plan Wa To eliminate the old COM
pany. with "A CapiiIli2at ION Of Sl6 $50 90. or
100. uoo shares. II a form a new company
with u capitalization of Sl2 500 .O1n. or
2.5I go shares a s.. Of the new shares
pp O'O We're to b. put m h" treasury for
future needs and .BOu. uJ used To carry
out the plan II Reorganization. The
stoCkho lders We're asked Ia eNchanR r their
old stock for new. share for SHARE. and
contribute - cents IA share IN install
ments Of 10 cents and IL cents
tH.sasH
INC '''' s'., 'H'''''" ''''''' ""
bounced that Charles - h"rIiS. IN" con
sultng rng.n"cr for IN" old COMPANY
who II u brother OF George Graham
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