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<br />~!~v; Receipts and Expenditures from Sept. 1, 1912 to Oct. 20, 1914
<br />~~5 ~J Cash an bond Sept. I, 1912 ................. 5913.20
<br />Wages .................
<br />Ore Sales ................................. 1258.29 General Miscellaneous ......, •.~•••••~•~•••• 56891.47
<br />Stack Sales ................................ Ob48.46 Ceneral Expenee(Miseellaneou s)..........."• 17b.64
<br />Loan ...................................... 2000.00 ............ 824.68
<br />Mine Development (Miscellaneous) ........... 993.85
<br />:Hine Supplies .............................. 819.63
<br />rift. Mine Equipment ........ ........ ]986.8G
<br />Assn •n 4urve •in and Mana ement ........ 100.13
<br />lift. N g, • 3 a g
<br />Book-keeping 308.00
<br />....................
<br />Insurance ........ ~•••" " "•'
<br />uft. .......................... 103.00
<br />Taxes and Interest ......................... 389,00
<br />ift. Ora Hauling ............................... 260.11
<br />ift. Royalties .................................. 123.71
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<br />Electric Power ...... ......... L78.8b
<br />tft. •
<br />Otlice Rent, Printing, Postage, etc ............. 282.83
<br />E 13719.94 Cash in Bank Oet. 30, 1914 ................... 774.23
<br />ift. Cash iu Bank Oet. 30, ]914 . ................... 5774.23
<br />ift. 533719.94
<br />'fhc main winzc has been continued irom the 300 foot level to 450 acct. A prospecting winzc was sunk to
<br />ft. thr rigln oithe main winzc at 365 foot point, and down to 4~0 feet, making a total of 225 feet of sinking. 150
<br />ft. leer r.l drifting at the 300 foot level, 30 feet on the 400 Icvel in the prospecting winzc and 30 feet at the 450
<br />f, Ircrl, r~r a total of i35 feet of development work below the \'umbcr 4 tunnel.
<br />;, In the old workings there has been raises run, consisting of 305 feet of new raises, in which we laid
<br />track for openiing the skip, and further opened up the old workings M• making 144 feet of new raise, in which
<br />- rec Incr not yet ]aid the tom car track. Thcrc ryas also a large underground orc bin built at the lower end of the
<br />tram track in the olrl workings; considcnhlc amount of timbering had to Ire done to make the ground safe.
<br />._ 'fhrre was also bought and instaUcd an electric hoist and an electric Air Compressor plant.
<br />•I•he Iftrist. called No. 2, is installed up in the old workings, and is used to deliver the orc from the old
<br />- a,rrkinl;s to the underground ore bin on No. 4 Icvcl. 7•hc :fir Compressor is installed near Hoist No. 1, in
<br />tunnel A.., 4, and is used to furnish compressed air toopemtc the machine drill, with which we drill the mck
<br />_ iorhlasting. This machinery enables us to operate with a great saving over the old mMhods used before u•c
<br />had it.
<br />-Q _ _ _:,.~ Uuring the time of reclaiming the part of the old workings, we shipped more than $1200.Op worth of orc,
<br />'r~^^^^^t and have ;dso discoecred some zinc orc of good grade further up in the old workings, but it will take several
<br />?~~ ^"~ hunrlrcd dollars to finish the raise and lay the tram tack up to where this good orc is locatcrl, which will be done
<br />as surm as possible after we get sufficient lands. :111 the work done has been done with a view to permanency,
<br />''nrl :ts soon as w•e get to shipping orc, either up in the olrl workings or in the new workings below No. 4 tunnel,
<br />n~c will be able to handle considerable tonnage with our present machinen-.
<br />"I'he conditions are extremely good for soon opening up orc in both the drifts From the main winzc at 300
<br />and •Ip0 feet below the main level, in fact some ore is now showing in the drift at 300 feet, and while not snf-
<br />ficient in quantity to permit CIS to commence shipments, yet it looks cxtrcmcl}• promising and every stockholder
<br />•-~-~) shotd4 feel much encouraged, and do all within his means to hasten the time w•hcn this property will begin to pay.
<br />kecene strikes of rich ore in some of the adjoining properties makes ns feel more confident than ever, that
<br />n is onl)' a matter o(a short time and a little more mone}' spent and our property will be on a paying basis.
<br />fours for work,
<br />GGhda, Colorado, October 30th, 1914. RrAM & JAY, hlanagcrs.
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