|
sN; If.•.e n~u bas In nti,u+`t ,Y.N ld.°.732 .I "^'.'3N
<br />,59n L^
<br />~-:. -'':~ ~ ~... .. 1
<br />make 1t possible m xun the Lombard m1ll every day la the gear, na we can collect all the water needed and brlag-!t !a a
<br />from No. 9 tunnel ism the Lombard mill. Improvemosltloa to-Droduce°.aadi todred ce theeore ut tLa lowest ¢oost. which m~u
<br />abapllfy matters very much sad put this ComDm1Y_,fa p_ -
<br />that larger pzoSte can ba :made:foi fbe `etocl:LalderR' `Th°~t°~md~M~ i°RVOU~ ~m~~ In a'•men°ara: fe~vD•todnte. We have
<br />mode mnay DractlcN improvoments in the same, eome qulm ezpenalve, but they w111 tell tba tale after we start nD in 6004.
<br />shape amct spring. We should at ]cast double xtie IdaPaalty ot'tk°'a°ill• °°d do~ao •wlt6out delay. By the Sacreaee of the ton•
<br />Tuganols,loureproepectmtor aelarge dandnPro[IC bleu Droddtttod n at santnlerglsa certainly very bri6ht•.(5]Ig~,,eohad to spend money
<br />during the last Year Lhut will not be needed again. The changes from steam to electricity are very imDOrtarit~ we(h~Qe-lsied
<br />them out and all the machinery works very sntlemctorily Indeed. We al deal ~ot slitistsctfoa,,altb u h it~cauees gvltehaad ez•
<br />of this Company should be well yoeted: 'The monthlS :reDO?'t+~~~ a great;
<br />penes and labor, but we do I[ gladly. We want n lot of eatieded stockholders and we are proud to say that we have them Sa
<br />this Company. We would ask the cooperation o[ every one o[ you. The proPOeltioa ie good and large sad beet of all is
<br />being conducted in the Snterest of all smcklncea ras wehthougbtrwould Five the onrlfesD end beet rceultserwlae'~wae ezpended
<br />with the utmost economynnd care fa .each p
<br />Below we beg to hand you tbo treasureq's .8nanclal report mr, your cnretal etndy .and conslderntlon.
<br />RespectlullY eubmitted, - .,
<br />- THE CONTINENTAL MINES, POWSR & REDUCTION COMPANY, .
<br />. ~ BY HENRY L SEE6IANN,.Presldent ~. GeneralAfanager. _
<br />T.REASURER'S -REPORT.
<br />CaPt• Renry I. Seemann,'President ouethe fo¢ L6 nnn ~ report of be Treasurer ot~the above palmed ComDnny:
<br />Dear fiir:-I beg to submit toy ..
<br />--- ~ ..: f s17,coo.oo
<br />8tock which may be sold for development pnrpoees ..._ ,-_:.•;::::::.:: :;:: ,,,, ,,, 9,182,600.U0
<br />Treasury:
<br />properties of Lhe Company (capital f6,0D0,000) issued ~
<br />d smeltlag ore shipped, bui have not received returns ) 32126
<br />60
<br />.
<br />(Two care of concentrates an
<br />.
<br />. • ... ~
<br />(cash due from s¢le o[ emck) ................... .
<br />hl ,
<br />6,19G.U0
<br />. .. .
<br />.
<br />..
<br />e
<br />Bills Receiva
<br />Due ns from ~llght and Dower~on contracts ..................... ,,,,, ,,,,
<br />Hovsea, Mille, fihafmonses, etc.
<br />Hotel
<br />nt
<br />Pl 166,4G7.BS
<br />
<br />
<br />
<br />38.60
<br />0
<br />,
<br />,
<br />a
<br />8urtace Improvements (~Inchinery, Power ,
<br />Cash on hand;la banks.,............ S6.E20.7za.Ga
<br />' Llabllities. ~ '
<br />:.::.....:...:.: 54.182,600.00
<br />...........
<br />Capital 6tock (outsmndlag) ................................................._..............
<br />.....................:......................................................:
<br />,..
<br />...
<br />. 20.113.76
<br />~
<br />i.D1.7,9oa.3s
<br />........... ............
<br />.
<br />.
<br />...
<br />Bills P°Yable ........ ..........
<br />Treasury Stockl ..............................
<br />din
<br />l
<br />I
<br />
<br />g
<br />nc
<br />u
<br />Ezceee of Aaeela over L1abI11ties ( on
<br />36 _..0,72a.G3
<br />Reeelpts,
<br />~
<br />..
<br />.
<br />.
<br />: 9G8.80
<br />... 5
<br />
<br />..
<br />.
<br />.....
<br />........
<br />....:..................
<br />.
<br />,
<br />.: 76,oso.
<br />.
<br />Bahmce from .cast gear ...........................
<br />......................................................... .
<br />898.
<br />3
<br />.........
<br />From sale o[ Treasury Smek, net ..............
<br />Irem Lombard Mlne and MllL ............................:::::::: •:
<br />t
<br />,
<br />:::
<br />734.69
<br />es
<br />...........................
<br />From Bale o[ Cold Bullion and Concentra
<br />Rents, lights.for mine houses, Interest, etc.............. ~ yg0,G92.15
<br />' ExPenditurcs. ~ ~ 9,472.77.
<br />O1Hce EzPense--Prlatiag, exprese,~ telegrams, poemge, ndvertieing, stenogrnPhers' edtarles, interest and discount, clc.. S.. 026.U0
<br />Legal ........................................'.........'49127'
<br />Tnzea anal .Recording ............................................ .,,.,.......
<br />Completlon of Power Plant (Including wages, supplies, etc.)............. ........................ • • • •' •development teork, 16,891.9C
<br />Lombard fihafthovse and Lombard Tunnel No. '_ (uew equipment, ebange Srom steam .to eleetriclt5', _ g,g2g,86
<br />miners' wages and suPPllee) ...................... .
<br />' ~ 38,61G.61,
<br />6eemana Tunnel (including~timberlag, dr[Wng, etc.)........ - 3,100.06
<br />Lombard MSll-New equlDmeat, ohmgtng from .steam to electrldty, enPDllea and Inbor ......... ........... • • : • .. • • .. . , , 210.86'
<br />Lombard Turnel.No. 3-BuDDlles and labor ................................................................. ........ 36.6D:
<br />Lombard Tunnel No. 4-BuDPlies and labor ............... ....., ........•. •..~. 167.36
<br />Manhattan Tunnel .......................
<br />New .clatms .............................................................................:..., .....,... 1 022.44
<br />..................:........'.:... r.........
<br />- ~ ~,,,,,,,, G788.60
<br />House coastructloa necount ..................................... .......... .^. ..,........ ' Nane
<br />Cash oa-hand 1n banks .......................................................................:........,....,.
<br />6alarles to OIDCere .............................................
<br />Respectfulb• submilled,
<br />WAT. H. WARINNER, Treasurer.
<br />
<br />FIII I
<br />FIII ~
<br />
<br />
|