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You can see, if you will tape the time to examine ilia cross section map of the Henrietta-Lizzic vein, <br />showing the syetetn of development, that the ore developed is u mere bugntelle to wh¢t the vein cnn produce <br />above the lower tunnel level. - "; <br />Your property is in first-cl¢ss condition in every respect, being always 1:apt up to the sland¢rd for which <br />the Henrietta is noted.. The drifts and veins are all henrily and substnntinlly 6imbmed, with timbered chafes <br />up into the ore nt proper intervals so that ilia ore cnn be broken and delivered to the aerial tr¢nnvny at n <br />minimum coat na soon as connections ¢re made. <br />I would also reiterate th¢t the mine is in condition to break enough ore to run the Oliver mill and fur- <br />nish ore for your company's smelter for a long period of time. <br />Respectfully Yours, <br />D. IIIDIB)rLL, <br />Superintendent of Plines. <br />`The Kendrick and Gelder Smelting Company <br />E. W. WALTHR, <br />Supt. of Smeltee Sttvnns•ox, Coco, Dec. 31, 1902. <br />To the Prosidaret ¢atd Direotora of '1'he Ifendr+ick @ (3aldar• b'molling do.: <br />OnxrncntLx: I take plc¢suro in reporting that the operating of your smelter for ilia season has shown <br />flint the savings of the values have bomt equal to am arpoctntions. <br />The met¢Is, as you trill note by the following figures, presmtC in every arse n satisfying gain ¢nd pec- <br />sent beyond n perndventm•e o£ doubt rebut a•e cnn necomplish with this method of smelting. It should bo <br />rmnemberad that nwsti of ilia ores, the pusC xensmy rvm•n bought from rho open market in active competition <br />with the smoltor trust, paying iho mm•ket quotation for the metals nf6ar a¢reful and uccurnto sampling, whilo <br />the mince of your company are being opmmd for economic operations, whioh will soon be sulpicicnCly emn- <br />plclad t6 1'urnieh the ore direct from your orvu property. <br />The gain in gold is due to the frnetimuti mnounCs in tho ore, for which no payment ie made. When <br />the ore does not enrry $1.00 per lmt in gold the xnmllm•e do not pay for rho gold and theca ie vm•y little of <br />ilia m•o that tvo tte¢t but tvhnt cntrias u small amount of gold, if noC mtough to pay for, and this nt, s¢y, <br />nn uverago oP 50a por Lmt and n goad many tons pm• iLry nmomd's to n libm•nl sum iu the eonrsa of rho Benson. <br />'l.`he gain in silver Is u mnCCar of sntiefnation, ahmviug, ns i6 cm•htinly does, the Caro unit nttmrtion given <br />to tho tvholo mot¢Ilurgicnl opm•ution nocossnry to produco such n gain. \Vidh all sumhors thmo is n daduc- <br />timt of L por cent. in silver to protect ugnlnsh lass in emelthtg, Our lose true 0,2 per cont. and Wto hnlmtao <br />in our favor 1.8 por cont. '1.`hia, with tho oxaallonC saving in gold nud copper, shows n higher pm•oentagc of <br />euving of Uho values by your smelter Chnn by Chc uxunl run of enmlturs. <br />Our shipmmtte for tlm season sbptved 0.0 tone oil m•uda ors aouconh•nled into ono don of rich umtfo. <br />Wo s¢vail in xmalttug and enlil in our nuttto more gold, also 7•fi par coup, morn eilvory tlum tvo paid 4m• <br />nndet• the mmdrot eonditionx nbovo ehttad. <br />I think tlw nmtta from ,ymu• snmllor avm•ngea as rich ns any anrcllor in lho xhda and na store a anviug <br />and, conatrnated nx iC ix I'm' aommmio bundling, f thiuh wa cnn show that wa luuullo nuP pradnut nb ne low <br />n cosC pm• fmt nx any smelter in llm mining roglmtx of fho \Vexf. <br />T1to sattlomonC oP Cho mbar Cron6lex, imumdintaly prevailing w}' lust rrpnrt, hnx unuxad the resuutptlmt <br />of hu•ga onCorprisas mad tho sCm•Chtg oC nmv ones in Ihlx dlxl rice. <br />Wa stn now aesnrod of. eulllalont ors Co ran Cho smaltur to Its 11111 vnpncil,y for n continuous enwprdgn. <br />Wo could hnvo rmt ¢imost continnonsly rho pnsb yam• il' wo could have sacurcil xulllcimd' Iron and ooppor oro <br />6 <br />