Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-05-12
Exhibit 4

% Broad Street.
New York city, \. V. January, C. 1872.
To the stockholders of Inspiration Cop
Enclosed we are sending you two
offers, dated January 6. 1912, as follows
odfer of INSPIRATION CONSOLE
DATED COPPER codPANY giving you
the privilege until and including January
% l9l2 Of exchanging stock OF your
Company for full paid stock of that Com
pany on the basis of two shares of stock
of your Company for one share Of stock
of that Company.
Offer of Guaranty Trust Company of
New York and Kidder, Peabody K Co. of
Boston. to purchase and pay so cash.
each share OF Inspiration Copper Com
pany stock
Stockholders desiring to accept either
>offer must deposit their certificates OF
stock ON or before January -. 1872. duly
endorsed with said Guaranty Trust Com
pany or kidder. Peabody Co. as pro-
yided in said offers.
You will note that the offer of Inspira-
ton Consolidated Copper Company pro-
videS that all stockholders of that COM
pany of record nj the close of business
privilege OF subscribing for its s6.e9. 600
of convertible bonds at par. As this
privilege will probably be valuable the
prompt exchange of shares Is advisable.
The incorporation of Inspiration Con-
soidated Copper Company and it, max
ing the above offer TO exchange shares
are the result of conferences between w.
II. Aldriage and Henry Krumb, repre-
land and Nj T.. Mccarthy. representing
Live Oak Development Company These
engineers have determined on what they
consider Just and fair basis for the
consolidation of the properties of these
ewo Companies and their Joint recon-
mendation to THE stockholders of the
two Companies is rs follows
''ro the Shareholders of the INSPIRA-
TION COPPER COMPANY aud LIVE
OAK DEVELOPMENT COMPANY;
The undersigned. Committee of Engi-
per Company and the Live Oak Develop
ment Company. have made a study of
the two properties and their respective
values and hereby report AZ follows:
After carefully going over the maps.
assay sheets and reports OF the said
properties. We find the inspiration Com
tons assayins l.s5 per cent. copper ana
the Live Oak Company l5,doo,Go tons as
saying Ill per cent. copper;
We find the Inspiration Company has
approximately s1,4o00o0 III cash in the
treasury and the Live oak Company has
approximately 100000 cash in its treas
ury.
After due consideration was given to
the respective tonnages of ore and the
amount of money already spent by the
respective companies in the develop
ment of their properties, as well as the
additional amount which will be required
for plant and preparatory mining work
was agreed that on the present issued.
capital stock one share of Live Oak. is
.sivalent in value to four shares of In
spiiatoa. and we recommend that the
inspiration and the Live Oak properties
be consolidated on said basis. Such II
eenso .idstion will be of great mutual add
vantage, and the terms are fair.
DATED. December 20, 1911.
W. II. ALDRTDGE,
HENRY KRU ME,
ii. Il. HOVLAND.
NJ. Il. McCARTHY.'
Inspiration Copper Company has &c.,
900 oapital stock, all common, divid-
| ed into 100000 shares, par $40, all of
which are issued and outstanding.
Live Oak Development Company has
1857, SO capital stock, all common, divid-
ed into 81. 80 shares. par So. now ISSUED
and outstanding. and no further issue of
the shares of this Company is to be
made
Many of the large stockholders in your
Company have signiiied their intention
of accepting the offer to exchange their
shares for stock Of Inspiration CONSOLE
dated Copper Company. Your Board of
Directors, by resolution passed at
meeting held on January 5, 1912, recom-
mended ali stockholders to exchange
! their stock and have directed that this
| notice be sent to all stockholders OF
| record
| H. F. j. KNOBLOCH.
Secretary.
Exhibit b.