The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1922-11-25
FIREKA.CROESUS WILL
FIGURE IN MERGER

Tho Eureka-CrOesus "ihihs Son
a endeavoring to arrange
pr.,sr pa OF the stock in that company
shares in the Eureka Smelling
~ : Mining Company. a corporation re-
.,r organized for 100000
's s.sss Of a par value OF one dollar
share The. proposal is to ex-
y. ps.0se the 100000 shares of Eu-
'rroesus stock for 100000
80 in the new organization.
rne New York Financial News, un-
- a.te of November Is, has the
ss,,oving interview with President
Torres Of the Eureka-Croesus Com
pany: r =, ~. e,
-....croesus Mining Company, states
-, he is carrying on negotiations
.,,h the Eureka Smelling & Mining
Germany for the consolidation Of Eu-
.sts.Croesus with that company. Ge-
.,o.,sts who have made an examin-
.,,on Of the properties make favor
.hIa report and state you have now
truly wonderful opportunity, the
u.s Of which will never happen
again"
Tbe stockholders of the Eureka
c,ossus are asked to deposit their
s,oet with Mr.. Torres. SO that he
I'll, have full power to act on any
,,onosal for the consolidation Of the
,vo companies. This will be effected
onlv on q share for share basis or
natter. according to Mr.. Torres. At
,he same time an allotment of the
new Eureka Smelling & Mining stock
bas been secured for the Eureka
croesus stockholders and they will
be given the right to subscribe to one
share Of the new stock at 81 for each
three shares deposited.
Regarding the negotiations for
merger with the Eureka Smelling &
Mining Company. President Torres
states:
81 continued my efforts to reach
What I consider a fair basis for the
acquisition OF your company by the
new one. l have had many obstacles
To overcome, chief of which Is the
rdiculously low and unwarranted
price at which your stock is selling
on the public market. / have. how
ever, convinced the new company OF
the great value of your property. and
am able to say that negotiations have
at last reached stage that warrants
the belief that the objective for which
have been striving is obtainable. /
am positive that with the stock In my
hands and with authority to vote and
transfer 1t | can effect an arrange
ment that will be greatly to your ad-
vantage and eminently satisfactory to
you.
Il have demanded that as a matter
Of right and justice the Eureka-Croe-
sus stockholders be given the oppor-
tunity to participate In the financing
Of the new company and have sue
ceeded In procuring an allotment for
that purpoes Of one million shares at
the pre-listing price of 81 per share.
will undertake from this allotment
to secure for you at that price one
share for each three shares of Eu-
reka-Croesus stock you send me in
compliance with the above request. /
regard this as an exceedingly valu-
able right. While you are not obliged
to purchase the new stock, earnest
y advise that you avail yourself of
your rights to do so for the reason
that by procuring the entire allot-
ment In addition to the stock that
VIII come to the Eureka Croesus
stockholders upon the completion of
the amalgamation. they will occupy
practically dominating position in.
tne new company. The importance
Oh this will be obvious to you, when
you consider the Eureka situation as
whole. You will retain your pro-
portionate advantage In Eureka
Croesus.
You will gain a pro rata advan-
'ase In other properties of great val
ae and equal promise. You will get
your share Of the profits to be made
W tne smelter in treating all the
o'es OF the district and adjacent
camps and you will share in the
Isrse profits certain to be earned by
me railroad under the new and vast
" improved conditions. You will es-
cape the risks incident to mining.
am unable to find any reason why the
imagination should not be con
summated. The reasons why 1t should