The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-08
ALICE To ENTER
ANACONDA GROUP
Famous Company Calls Special
Meeting to Pass Upon
Proposed Sale.
DIRECTORS ADVISE
FAVORABLE ACTION
Thirty Thousand Shares of Ana
cOnda offered to the
Alice Owners.

Utah stockholders are in receipt OF a
notice to the effect that there Will be
special stockholders meeting OF the Alice
Gold & Silver Mining company in salt
Lake City on May q. The object OF TINS
meeting is to pass upon the proposition
OF disposing OF the property TO the Ana,
conda Mining company OF Montana. II
will be recalled that the capitalization o!
the Anaconda company was Increased n
few weeks ago. the new stock TO be util-
tied in acquiring numerous mines OF the
Butte camp. and everything points to
the acquisition as per schedule OF the
Alice. one OF the historic propositions OF
Montana early acquired by we'll known
Utah mining talent.
The board OF directors of the Alice COM
pany is composed OF John D: Ryan. J.,
w Allen, W. p. Thornton, A. Z. Car
son and l.. S. Ferry, and these gentle
men signed a statement to the stockhold-
ers dealing with the proposed sale to the
Anaconda. This statement sets forth that
the Alice stockholders Will receive from
the Anaconda $4,000 shares OF STOCK Ior
their interests. and as the Alice is capi-
talized for SOC. 900 shares of stock, this
would mean an exchange on the basis OF
Anaconda.
The Alice company was incorporated
under the laws OF Utah on May JIG, 1880:
the property being located near Walker
Vile Silver Bow county. Mont. The
mine was operated actively from 1880 10
1898, and afterwards for short time In
1897 and 1895. The total dividends OF the
company, paid from March 10, 1881 to
March 10. 1898. amounted to s1.o75,ooo.
Silver was the chief metal In Alice ores,
end during the decline of the price OF
silver in 1898, and because OF the lean
values in the ore. the mine was closed
down and little work has been done since
except a few different leasing efforts. As
a result OF closing down the mine, the
the workings from the 700 TO the 1900
levels are inaccessible. In 1908 the Butte
Coalition company purchased the control
Of the Alice. The report OF the directors
then continues as follows:
Recently the stockholders Of other
companies, 30 wit, the Boston & Montana
Copper & Silver Mining company.
Washoe Copper company, Big Blacktoot Zoo
Lumber company, Butte & Boston Con-
solidated Mining company, Trenton Min
ing x Development company. Red Meta
Mining company, Diamond Coal d Coke
company and Parrot Silver & Copper COM
pany, have taken steps TO effect con-
solidation of all OF the property owned
by them by sale of their respective
properties TO the Anaconda copper Min-
ing company, for certain amounts OF the
capital stock OF the Anaconda Copper
Mining company. and the last named
company. in pursuance OF the same gen
H.
the property OF this company, paying
therefor 10000 shares OF the capital stock
OF the Anaconda Copper Mining com
pany.
TO the Anaconda Copper Mining company
has acquired the most important mining
ground In the Butte district. and IL Is
believed that IL Will be enabled, through
the adoption OF general systems OF drain
age ventilation and development, to
prospect In an economical manner the
undeveloped portion Of the property thu:
acquired This company is the owner
OF comparatively large areas OF mining
property which lie contiguous to some
OF the property belonging to the Ana
conda Copper Mining COMPANY. and whicf
II is believed are OF sufficient value tc
Justify prospecting and development pro-
vided the same can be carried on by :
company strong enough financially II
bear the burden OF so doing.
I'm addition TO the cost which the re-
sumption of active mining operation:
would entail, you are advised that J
would be necessary TO construct and equiI
new mills or reduction works OF moderT
design and suitable character 10 handle
the ores OF the company economically
provided such ores were encountered II
sufficient quantity TO justify the contin
ton would require the expenditure o
large sums OF money. at present unavail
able. You are therefore advised that II
the opinion OF the management 1t woul'
be to the best interests of this compan.
and Its shareholders to accept the propo
sition. of the Anaconda Copper Mlnln
company.
You are therefore requested to sig
the accompanying proxy and return II Il
the enclosed envelope whether you ex
pect 10 be present at the meeting or not
In order that the stock owned by yo
may be represented and voted at tn
special meeting of stockholders.
1.-THE following is the balance sheet De
cember 81. 1909!
z