The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13
ATLANTA MINES COMPANY
CONTINUED H<om Page one)

follows that they should stand aside
and permit others so to do.
The alternative of such a method
of financing, in u judgment, will
be the abandonment of operations
resulting in the utter destruction
of the value of the company's
shares. Stockholders, therefore,
who are interested in perpetuating
and enhancing the market value of
their shares are urged to cooperate
in the plan outlined below.
1t has been demonstrated beyond
question that the preferable me-
thod of securing funds for conduct,
ing operations on properties so sit
uated is through the mediumship
of assessments upon capital stock.
The burden of expense of such OPP
Grafton falls lightly upon all stock
holders, but in the aggregate affords
an adequate realization for mining
purposes; and it has been found
that those interested in mine de-
velopment generously support an
enterprise so conducted where the
assurance exists that money contri-
buted in assessments will be hon
estly and in%telligently expended
upon the property.
In the opinion of the local board
of directors of this company, after
careful thought and investigation,
the only possibility of a realization
by the stockholders upon their
stock lies in the further develop
ment of the property, and such de-
velopment involves the necessity of
reorganization. The history of cor
porate reorganization on the assess
ment plan in this and other mining
districts shows conclusively hat the
stockholders of companies SO re-
organized have prOfited either
through the production of the pro-
perties or through an enhancement
in the value of their shares caused
by the consequent revival of public
interest therein.
The board of directors of this
company met on July LIST, 1913,
and, after considering the matter,
appointed a committee to accom-
plish the reorganization of the COM
pany. This committee on reorgan-
ization have caused to be incorpor-
ated under the laws of the state of
Nevada a company to be known as
the Reorganized Atlanta Mines COM
pany, with an authorized capital of
5,0OO,0 900 shares of a par value of
zoe per share.
The property of the Atlanta
Mines company will be conveyed to
the new company in consideration of
the assumption by the new company
of all of the Indebtedness now ex-
listing against the Atlanta Mines
company, and the new company will
agree to issue to each of the stock
holders of the Atlanta Mines com
pany one share of it's stock for each
share of the stock held by the At
lanta stockholders upon the pay
ment of a call upon the capital stock
at the rate of one cent per share.
This call has been made payable
within 45 days from the date of this
communication.
After As days any stock remain
ing u~neXchanged will be subject to
sale for delinquency by the Reor-
ganized Atlanta Mines company, and
it will thereafter be beyond the pow
er of the Atlanta Mines company to
make any further exchanges. It
should be further stated that the
foregoing plan of reorganization
contemporaries no promotion interest
whatever; the directors of this COM
pany are acting wholly for the bene-
fit of all the stockholders, and all
of the proceeds of assessment will
be employed in the development of
the mine.
Upon the competition of all these
plans application will be made to
list the stock of the Reorganized
Atlanta Mines company upon such
stock exchanges as may be deemed
desirable.