◆ SpookStack

ae a Sagi tomy ? ¥ ads Ge pe we = % - . 77 te. = RE: JOHN L. LBVIS, ET AL INTERVIEN WITH ROBERT C. SOLOMON (continued ) "Referring ‘to your proposition of dune 11th, 1942 in which you outline a plan for the sele of your mining properties. "The arranenent suggested is not satisfactory, and we decline to accept it in its form. 1 am still interested in buying these mines and am willing to meet with you and with your consent submit to you a proposi~ tion in different form and possibly at a lesser value. "First, we hone in a discussion of the matter to establish a fair velue of the properties and then to arrive at a satisfactory nethod of payment of than. I might say now there is no objeotion to advancing the $400,000.00 as cutlined. “Awaiting ycur reply indiceting thet you are interested in re~- ceiving such a proposition, I am, "“"Springfield, Illinois "October SOth, 1942 "Mr, Robert C. 8 ol "“Penther Creek Mines "Springfield, Illino "Dear Sir:r-- "It is with great difficulty that we approach the subject of a fair value on your mining property known 4s Mine Fl-Auburn, Illinois. This mine has been in a State of Abondonment since April 1927. The condition of the equipment below is very uncertain &s well as the natural conditions. Subject to a complete inspection, we submit the following proposition. “We are willing to purchase this property under the following terms and conditions; to mine and pay for at the rate of ten cents per ton a total of not less than 2,000,000 tons or $200,000.00 within four years begining with Jenuary let, 1943. The Royalty peyments ehall accrue in equal monthly paynents throughout the four year term.