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<br />m, so far as we can see, is to erect reduction works, either alone or in connection with some of the ~,.,,
<br />' ,' ntiguous mines. From present indications, the smaller mines of the camp will produce ore enough to -~ ~~~
<br />
<br />i
<br />apply the mills at present constructed, consequently there is apparently no hope for relief
<br />unless the larger mines 3] I
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<br />rovide their own reduction .works. In view of this fact we"have ,in contemplation
<br />the' erection of works ?-
<br />possession ~ of Chanu
<br />the ' ,
<br />uring the coming year, of sufficient capacity to treat all our lower grade of ore. The developments of
<br />'
<br />-
<br />nidst of the somewhat ez ~ he past year' have disclosed vast quantities of such ore, much of it now blocked out- between the var- ,.
<br />i I ~"''
<br />economical working of ~t ous levels, and besides we have already ten thousand tons or more on the dumps. The known veins on
<br />- ~. •:
<br />I ur property will undoubtedly furnish all the ore that a mill of ordinary capacity could treat for years
<br />ut the new machinery had ' w o come. It is not proposed to engage in this enterprise until a thorough investigation is made as to ' ~ ~
<br />ad been donz. It was th , She best methods of treatment, and the most advantageous point for its location, nor until the funds on 1
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<br />old workings. Soon after and warfant the expense without in any way endangering the continuety of the present monthly divi- ~ ~'f t
<br />a
<br />~
<br />tin vein, and giving access ~~ _ Bend. ,
<br />_,-_
<br />a good grade of ore, and ! It is unnecessary for me to go into details concerning the finances, or as to the workings and ~,,~ r;;
<br />;
<br />i °. quipments at the mine, as all these matters are fully set forth in the General Manager's report. q
<br />
<br />tine and the outlook suPo E ~ Very respectfully,
<br />
<br />share. Thz first divideui
<br />
<br />IRVING HO
<br />BERT ~
<br />1'
<br />
<br />to month. A dividend of l W
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<br />ni ftre presenf ouflaok a ( PrestNent. !
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<br />*
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<br />and a very large amount c
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<br />uen
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<br />ervals and a loge
<br />his, gives a very full and ' """
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<br />
<br />effects great credit on both t
<br /> GENERAL 1V[ANAGER'S REPORT.
<br />out of debt-we have a
<br />rplus on hand. Our sur ` _„~
<br />pmerlt than t0 taking oul CRIPPLE CREFK, C010., May 10, 1S9i. I" ,
<br />art of the force was e~i
<br />-
<br />policy during the comma To the Prestde~zt a~zd Board o_f `Dfiectors of The .4azchoria-Lela~ad M. ~ ~Vl. Co.: I ~~)`
<br />r
<br />rk will not be abandoned j
<br />exists is the inability t~ ~ The first year of active mining and development work, on the part of your company, has just ~I[;'~ - I
<br />-ous mills being built would ~; closed. Below will be found a report of the operations for the past year. Accompanying this report ,~
<br />low-grade ore increases n will be found underground maps, showing the various levels, drifts, cross-cuts and raises, and sectional
<br />a ~
<br />et all the ore the pan '
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<br />maps showing the different slopes. Also a report on the financial condition of the company, ore production, etc.
<br />'+
<br />~
<br />condition speaks exceed A large amount of money has been expended, during the past year, for permanent buildings, ma-
<br />~
<br /> chinery, the sinking of main working shaft, etc. Everything has been done in a first-class manner, with ,
<br />y
<br />:ould mine all the are m an eye to convenience, affording an economical working of the mine for years to come. ~ ~
<br />
<br />tlae hin6 ".~r1w cane in: '
<br />~
<br />-rho ,,,;,,< ;.. c lan~iira rnndi4inn at thr present time
<br />with large bodies of ore blocked out
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<br />. v....,
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<br />fy reduced. As it is nos i' " ;
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<br />The chances are very good for a largely increased ore production, during the coming
<br />ready for sloping.
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<br />I ,,,
<br />d inconvenient to gel at ~ : year. ~~~ ,
<br />tem. All underground work has been carried on under the personal supervision of Mr. Peter Murcray, ~~;
<br />greatly reduce the overate and the members of your company are to be congratulated upon securing the services of such a compe- i~,
<br />nt soluiion of this prob tent man for superintendent. w. ~,~
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