The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-22
ECHO Of EARLY
BOOM IN NEVADA
Coast Brokers Throw Life Line
to Stockholders of
Eagles Nest.
SEEKING TO SAVE
THE NINE PROPERTY
Plan COntemplates the Payment
of One Cent a Share on
Reorganization.

The full text OF the statement made
shareholders of the Eagles Nest Hall J.
stone Consolidated company by Charles
Lake. and In view of the extended stock
will prove of interest II follows:
company and the FairvIew Hallstonc
Consolidated Mining company, under the
old management Of the Sullivan Trust
company and doing work 10 keep the
State Bank & Trust company for con
siderable amount Of money, Not having
any treasury stock and not having any
power TO assess the shareholders, the
present directors have been unable to pre-
vent the receiver of the State Bank &
Trust company from getting judgments
against these companies and having the
property sold under execution.
1t is this situation that made II neces-
sary TO take immediate steps to save, II
possible. the property for all the stock
Messrs. Zadig 6 Company. brokers, San
Francisco. Cal, who have been very sue
cessful In the reorganization Of the Res
cue Eula have undertaken TO do the
same with the Feirv!ew Eagles Nest and
Fairview Hailstone Mining companies.
and. with that end in view, have taken
the following steps;
Detail Of Plan.
Flrst-The Eagles Nest Hailstone Con-
solidated Mining company has been ere
the successor to and substitute for the
FaIrview Eagles Nest Mining company
and the Fairview Hailstone Mining COM
pany. with capitalization OF $500. 600
shares at q par value OF 81 per share, but
with broader and more satisfactory pow
ers than may be exercised by the latter
companies,
Second-The new company has boon
organized and is ready TO proceed to
carry out the principal pHIr|P0se Of ITS Its
~ La fN,s-
sion Of this company Sn any for the old com
panies as follows:
(a) BY issuing to each stakeholder of
the Falrview Eagle,s Nest Mining com
company, upon the surrender Of his Ger
tflcates so that this company will be-
come the owner thereof. and the payment
of one cent for each share properly in
dorsed. to this company. an equal amount
OF the capital stock OF this company,
share for share.
Penalty Of Delay.
(b) The exchanging OF the Fnirview
Eagles Nest Mining company and the
Fairvlew Heilstone Mining company
Consolidated Mining company will be the
only way for the stockholders OF those
companies TO ever have chance to bcne-
by the Nevada Hills. the mine adjoining.
With this stock selling for nearly 81 per
share and building one of the finest mills
IN the state OF NeVa0a ana OOlnS eSLeU-
sive work, II would be unwise for any
TO not protect their interest There will
be no promotion shares in this reorgan-
ization. All moneys received will be used
for the benefit OF the Eagles Nest Hall
stone Consolidated Mining company.
The properties of the Fairyiew Eagle s
Nest Mining company and the Fairvlew
Hsilstonc Mining company will positive
ly be lost 10 the stockholders unless re-
deemed, and II Is. therefore OF the great
est Importance that every shareholder OF
those companies shall send their shares
with draft OF money order payable to
Eagles Nest Hailstone Consolidated Min
Ing company for exchange into the
Eagles Nest Hailstone Consolidated MIN
ing company shares to the secretary Of
the company. Charles e. Hudson. at the
earliest possible date