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`9 ,~C' <br />~~f '~ <br />1^ }~ _. ~ ~.... <br />~~ _.= <br />~: Out of this the Board had intended to recommend the payment of a, dividend, <br />but owing to the untbreak of the labour-strike, referred to in the nest paragraph, it <br />hae been deemed piudent to keep the cash resources of the Company' iu hand: <br />LABOUR-STRIKE. <br />As already announced in the Press, the Mill had to be shut down on the <br />7st September last ew-in~ to alabour-strike which commenced on that date, and <br />which continued without intermission to the 25th November, when, under militarj <br />protection, t~i~enty stamps were re-started. The trouble was caused by the demaud <br />of the Miners' Union for an eight-hour day for millmen, which the Telluride <br />tlfining Association, representing the mine-owners of the district, this Compau~ <br />included, did not see their way to grant. It has always been the polio}- of the <br />Directors to cultivate the friendliest relations with their employees ; curl iu this <br />they have hitherto been successful, thanks to the tact and judgment displayed br <br />the General Manager Mr. HEP.lieN in dealing with the men. They viewred there <br />fore, with the deepest regret, the interruption of the mutual good-feeling which had <br />thus been established. ; but they felt that it was impossible to concede this demaud <br />consistently with their duty to the Shareholders and their loyalty to the other <br />members of the `l'elluride Mining Association. The Directors are glad to be <br />able to add that present indications point to a complete resumption of work at <br />an early date. <br />VISIT OF Messrs. R. T. BAYLISS and P. L. FOSTER TO THE MINES. <br />'1.'he reports received from Mr. HExsox as to the large tonnage oi' ore in <br />course of development in the Argentine Mine, pointed to the necessity of au <br />addition to the existing Mill in the near future ; and with a view to arriving at a <br />sound decision uu this; question, the Directors, through the kind offices ul `1'he <br />lixploration Co., obtained the consent of Mr. It. T. Bssnrss and Mr. P. L. l.''usrLu <br /> <br />+~w <br />tir <br />