The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
MORE READING FOR
NEVADA-UTAH FOLK
Committee Extends the Time
for Owners of Stock to
File Same.

Western stockholders Of the Nevada
Utah Mines & smelters corporation stin
are being we'll provided with reading
matter from both the officials OF the
company and the stockholders protec-
tive committee, The following communi-
cation was received Saturday from the
latter committee;
This committee has extended the time
tive Deposit Agreement to January 90,
1879, This has been done to enable all
stockholders who have not already done
so to deposit their stock with the Secur-
lty Transfer 81 Registrar company, de-
postary (No. 66 Broadway, New York;,
which will issue negotiable receipts for
all stock deposited.
There has been some confusion In the
minds of stockholders as TO the relations
OF this committee to the "plan OF read
justment' proposed by Robert @. Mead,
president Of the corporation, and Theo-
dore Gross, as syndicate manager. This
committee has no connection with the
management of the corporation and Is
not responsible for It's present condition.
1t does not approve the plan OF read
justment' proposed by Robert G. Mead.
the president OF the corporation, under
the direction OF Theodore Gross as syndi-
cate manager, and considers T. unfair and
unjust to the stockholders.
The purpose OF this committee Is to Sc
cure an Independent reorganization or
the Nevada Utah Mines n Smelters cor
poration In the interests OF oil depos-
ting stockholders The members OF the
committee have no inconsistent commit
ments or relations to other properties or
interests The first object OF the COM
mittee Is to secure reliable Information
In regard to the value OF the properties
of the corporation and the prospects OF
It's business. In view OF the confusion In
the affairs of the corporation and CIR
cumstances OF It's management this task
Is not easy. Reliable information In re-
gard to the properties and business or
the corporation is difficult to obtain. but
SO far as 1t has been obtained It loads
to the conclusion that the property is
valuable and only needs proper manage
ment to make It profitable. AS soon gs
sufficient Information is obtained this
committee will formulate a plan for the
reorganization and the future manage
ment of the corporation which Will be talr
and just. In order TO accomplish TINS
result 1t is necessary for the committee
to secure the cooperation of as many
stockholders as possible,
In a work OF this character certain eH-
penses are unavoidable and the contri- RI
their payment This contribution bas
been fixed at cents per share, OF W liich
the dcpositors may pay 23 cents per share
at the time OF deposit and the balance
ond half OF the contribution Is not need
ed for expenses the committee VIII not
call for It. The committee has no pow
er to make the depos!ting stockholders
personally liable for any expenses be-
yond the amount of their contribution,
An early response and the prompt de-
posit OF stock will greatly facilitate the
work OF the committee and ADVANCE tne
interests OF all stockholders. The COM
mittee will not be bound to take any
steps for the protection of any stock
holder who does not deposit his STOCK
on or before January 20, 19l2,