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`Ihe Kendrick and Gelder Smelting Company
<br />W. F. KENDRICK,
<br />Prcaldeot
<br />DExanrt, Cono., Dec. 31, 1002.
<br />To the Stochleolders of the Zicndriolc 6 Gelder Snaclting Compon~:
<br />i submit herewith reports of pour company's nifnivs for the quarter ending with the above date. The
<br />reports of the manager, the, snpm•intendenC of the smelter, the superintendent of mines and the auditor of
<br />the company are so full and complete that {here is little for me to add. Mr. Walter's and k1r. Dmhell's
<br />reports eepecially eltonld be both interesting and gratifying to al] stockholders, showing as they do that the
<br />company's own mines are able to furnish the smelter with a supply of m•es carrying gold and silver, and
<br />that nl] the custom ore desired is prnclicnlly assured. g9te uprsise to connect the several levels on the Iien-
<br />rietta vein will be completed before t;hc saneon opens, when the output will be limited only by the tt•anspor-
<br />tntinn and milling facilities.
<br />Tho completiou of hhe wire tramway will occur nt. khc same Cime and ns the smelter ie in perfect
<br />condition it is safe to anti.cipatc nn early opening and continuous operakions. There is re¢son to expect
<br />that niter the smelter sinrt~s it will not he shat down again far }•enrs, except for ordinary repairs.
<br />The letter of 11Ir. George Oliver to the stockholders of The Oliver Reduction Company will he of im-
<br />terest and value ns the result of careful imesCigation by n conservntice and snecessfal business man of
<br />Brent experience, and n•e incorpm•nte if ns it is of nlrnoet ne much interest. tri the Kendrick and Gelder
<br />Smelting company's staeL-holders ne it is to the stocl:halders of The Oliver Reduction company. Mr. Oliver
<br />lms been n largo mnnufnetnrer of Cobocs and Trny, ]\T. Y. ]Tis heather, DTr. Ilrillinm Oliver, nlm took port
<br />in the exominntion and joins in the report, is oleo n man of experience mtd a•enlth. Tfr. \Pillinm Oliver is
<br />of Lockport, N. Y. Roth these gmrtlomen m•o interee(ed in other mining oral milling enterprises.
<br />We also furnish to each si:orldmldcr, a•iHt ibis repm•i, n map slmwing the properties at ,your compmtl'
<br />located nn Rcrl lfmmtnin, also the line of the {rnnnenp oral The Oliver Rerlnrtimt mmpmty's properties;
<br />tee also include n verticn] cooee scetimt map of 2,A00 feet in length of the ITmn•iclan vein above the ]on•m•
<br />1;ttmtel ]avcl, also shoving 1:he intersection of the Sm•pri se vein and the llnnricpn. '1`hrse maps, we think,
<br />will aid the stocl:haldcrs to better nndm•stnnd ihr• pbpsicnl emuli6ion of iha properties,
<br />7S•nsting that the. following repm•ts and Llm nrnompnnying maps will ba of intm•ost to Query stodr-
<br />holder, I remain, leery Respectfully,
<br />llr. F. KENDRICK, PrrsddevxE.
<br />F. C. KENDRICK,
<br />Manages
<br />Sn•vrn~~ox, Cor,o., Dcc. 31, 1902.
<br />Y(R. W. F. K1:NDRTCR, ,
<br />President 77~c 7Zendrich~ d: Gcldnr Sntcliirag Co., Denver, Colo.
<br />Dmnrt Srn: I enhmit. he1ow a rrpm•t nP your propm•t}• in my ahmgc. Your prapm•ly nary consists of:
<br />Tha Limu•icttn Tumml Site, the Amu•ietln Imde, Llvrie, IIImtbaldt, ITnmc Run, Nnrtow Gnugc, Orlo(C, Bill
<br />Side, Snow Drop, I,it.tle V., Surprise, Surprise Jr. Lades, ilTinm•nl Kinq, (surface and ttmnel rights), Mid-
<br />night T.ode (]ease and bond), all 7ncn{ml in prospect. Rosin, Cement Creclr side of Red TTanntnin, Ban Jnmt
<br />County, Colorado. Also potter ditch with closed 4nmr, one mile long, 300 Loren powm•, located nt Bil-
<br />ver6on, Colo., to furnish puerm: for Tha ]Cendrick ,C Gelder Smelting 1irm9cs.
<br />Tha landed holdings n6 Bilvorton mr n•hlch tLo emeltar ntande contain nbaub G5 nores• The mining
<br />claims and tunnel site in Prospect 13nsiu ravar 1.00 nm•es.
<br />Becoming satisfied from tLu general conrso of iha llenriettn vein ne indicated in Lho lownr workings
<br />thu6 it passes Chrough tho torritotry of tho MlduighC aluim, I huvs secured that cLdm by ]aueo and hood run-
<br />ning one year from Dea. 1, ]902, Che bond prico being N~10,OOU.
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<br />`Ihe Kendrick and Gelder Smelting Company
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