MINEBK00180

• County: San Juan
• Document: Manager
• Suffix: A

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I ~ U80ROE OLIVZR. Prnldmt WM. T. PORD, Secretary
` ' THE SAN JUAN
~ SMELTING AND REFINING COMPANY
EXCHANGE BUILDING
Dsr:vttt, Cor.o., Jan. rq, rqo~.
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To tJzc Stod:holdcrs of TLc Snu Iunu Smcftit,g aotd Rchuing Canpmn•.
j GLNTL$+1rEx: The members of }•our Board of Directors hate considered a number of plans
;~ for raising sufficient funds to finance the smelter and to build a concentrating mill for concentrating
the ores of your Company s mines. At a meeting of the Board on January rgth it was decided to
~ offer 300.000 shares of the Company's treasury stock. or am• part thereof, at ~o cents per share, each
` purchase to be :cccompanicd by a note of the Compam•, payable one year from date, bearing 6 jc in-
terest, the purchaser to have the option, at the end of a year's time,. of calling for the payment"of the
note :md delitcr up the stock, or retain the stock and deliver up the note. A copy of the note is as
follows:

5.......... Denv[s, Cor.o .. ................t9o....
Onc vrcr after date hcreoi. 'f'HL S!\1\ JliA?: S\ILL'1'ING & kLhl\ING CO\IP:1\1'
promises to pat to the order oi .................................upon return of stocl: certific:nc
Ko ................. for.................shares, at its office, 72o-i36 Exchange Building, Demcr.
Colorado . ..............................Dollars, fur talue receited, with interest at the rate of 6`
per annum from date hereof.
The execution of this note was authorized by the Board of Directors at its meeting, January t~th.
t9o~
'this note is accompanied bt stuclc certificate No ................ for ...............shares
of the treasury stoclc of The San Juan Smelting & Refining Company. At the end of one yetr from it>
date the holder hereof shall hate the privilege of returning the stock certificate to the office of the cum-
pan}• :uul demanding the payment of his note with interest at 6`jc per annum, or in case the holder of
this note should decade to retain the stocl: specified in said certificate he shall mark or stamp this note
"Paid in Full" or "Satisfied in Fu1L" and return same to the office of the compan}•. This note acconr
panics the stocl: certificate and is negotiable only upon transfer of the stock certificate accompanying the
same.
THL S:\\ TL-:\ia Sal]?L'1'I\C & P.EFIIQIATG CO.
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Asst. Sccrchn•v. Yresidcnl.
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'I'hc sale of this amount of stoclc or a considerable portion of it would assure the starting of the
smelter to handle custom ores :md the Company's ore until the concentrating plant is in running oper:c
tiun, when the smelter could h:uulle the product of the mill as well, which should increase its profits t~
figures as shown in the accomp:un•ing reports of the \1Mallurgists and of the Superintendent of yuu'
mines.
\Ve appe<d to the stockholders to subscribe Cur such amount of stock under this guarantee as they'
can afford to, and to recommend it to their friends a•ho have money to invest, or to loan.
Respectfulh• submitted,
BOARD OF DIRrCTORS.
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