The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-27
ALICE STOCK CAN
Be EXCHANGED
Amalgalnated Company Ar
ranges to Garry Out Ana
conda Company Deal.
PURPOSE EXPLAINED
Suit Filed Indefinitely Delays
Original Plans of the
Alice Company.
EXPLAINED
PURPOSE

AllCe company.
Such shareholders Of the Alice Gold &
Silver Mining company who are willing
! 10 exchange their stock on the basis at
| forded by the deal with tho Anaconda
company. and which deal has been heiG
Up b. suit filed by the unwilling ones
will be given an opportunity 10 afau
| themselves OF the terms agreed upon
| some time ago. The Amasamatcd Cop
per company is willing TO take such stock
and exchange therefor the cash and Ana
| conda shares stipulated. The stockno,u-
ers are given this opportunity In a Slato-
| Iuent just issued by j. w. Allen, secrelar!
| OF tho Alice COMPANY which here tol-
lows (under date OF December 20, l9llI:
| The plan ot consolidation between
your company and the Anaconda copper
| Mining company. by which all the physl,
cal assets Of your COMPANY we're con, conEeyso Icy.
TO the Anaconda company In Considera-
| tion or 1900 shares of the ful!N paid
| capital stock Of the latter company. mas
long since been carried out and corn-
transaction has met with the unquahhed
support and approval OF the vast ma
jorliy of the stockholders OF the com
Minority Opposed.
Upon its completion. the plan .ncoes-
sarily involved the dissolution of your
| company, in order that the unnecessary
| cost OF maintaining a separate orSaniza-
| tion might be avoided. Accordingly, a
proceeding was Instituted in the courts
of Salt Lake county. Utah, 70 obtain
| OF shareholders appeared In this pro-
ceeding and objected TO the dissolution OF
the company. and some shareholders MED
a suit In the circuit court of the Cnited
states for the district OF Montana. seek
Ing TO set aside the CONVEYANCE OF the
property formerly owned by your com
pany to the Anaconda company.
| ''The result OF this litigation has been
TO make It impossible for the manage
ment 10 speedily carry out the authorized
dissolution Of the company; With the
| exception OF the shareholders owning
shares representing about .0S3 per cent
OF the entire capital stock. it Is believed
are entirely satisfied with the consoli~
dalton made with the Anaconda company.
Offer of Amalgamated.
| Numerous inquiries have been re-
ceived from outstanding shareholders as
TO when the Anaconda stock and other
capital assets of the Alice company will
be divided among the shareholders. Much
TO our regret. this division has been pre-
vented by the pendency of the litigation
referred to- To avoid further indefinite
delay, the Amslgamated Copper COM
panv has made an arrangement whereby
Il has agreed TO take over the stock OF
the Alice shareholders. upon exactly the
same basis as such shareholders would
be entitled 10 receive If the Alice com :
panN were now NlSSOlNeu anu IT'S Cdpiidi
assets distributed among its sharehold
ers. AS shown upon the accompanying
balance sheet the exchange may be ef-
fected upon the basis OF II shares of
Anaconda stock and 81 in cash for each
, 100 shares OF Alice stock.
Stockholders desiring to avail them
selves Of this privilege must do so. m N
by the Amalganated Copper company on
or before the 10th day OF January, 1912
by presenting their certificates. duly in
| ~, at 10 pfT ,f no l.
ganated Copper company. g Broadway
New York City. which Will deliver Ia the
holders OF Alice certificates the Anaconda
stock and cash 10 which they may re.
! spectivelY he entitled As aforesaid. NJ
transfers OF Alice stock must he guar
anteed by bank or banker. and Ana,
Registered holders ot Alice certificates
Balance Sheet.
The following balance sheet Is giycu
as per December 90. 1911:
Assets,
j 10000 shares capital stock Of
the Anaconda Copper Min
ing company carried on
books at value 10 equal
par value Of the capital
stock issued by the Alice
I Gold &c Silver Mining COM
panY BIZ. ...................S $40. GOO coo Oi
/ Cash on deposit ............. S12oS 81
Total .. ...............- SO, ,Os729s o
Liabilities.
capital stock fYu'-
uOC snafes. par .,,,.... ,., q,
Nalus go each. 'l"i"N'''''. w
Surplus balance
Dec. 81, l2lV. Nii'l--'''
4. Net income Jahu
sty Scy 90 70 iSfi. SIfe's. as
eeT eSnnt income t..'... a. isI7s.oi s7.ss .
Total b.. ................. $40 os7, 2aS {?
= Income Account,
!
lngoHs-
= DiNthsiins on GO
sonqa CoppsI
Nlhlhs Co1nPa"! mn. ~,
> HtoCE ,...,.. .F12 49," .,r..- q
lnIereN on GcPVsi's t''io''- 'i''Vl0''
LNpenollure-- &c,