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1 ~ l i i+ for fluxing. This we are assured of now from the Henrietta property of your company. 'Phe on y cua om
<br />~ c. ore that it will Ue necessary to Uvy or treat to run the enmlter continuously will Ue the silicious ores to m¢ke
<br />'~, ~, the proper mixtures for treating tike I3ent•ietita ores to the Uest advantage.
<br />• ~ ~ ~~ , • ~ The extension of the railroad from Siherton to Aromas Perks and Burrows Park will open up a new
<br />~~ iii
<br />~° ~ x". 1: , ~ q district, including the recent discoveries of the latter place. The natural disposition of the ores from this
<br />fi
<br />/'•r ~ ~ I ~ ` new tarritoty ie direotlp to your emeltor, with the ooneequent e3lhaneoment of the entorprree.
<br />) - ' j' 1, In conclusion, I enn say that the outlook is ver}• Uright and, with the completion of the plans the com-
<br />rl ~ a I ?. pany has in view, the near future should see us iu the front rank of successful and prosperous enterprises.
<br />a ' Respectfully Yomre,
<br />$, ' f f
<br />du+~~
<br />,,ta ws, E. W. WALTER,
<br />r o
<br />`•~~~ SuyorintendenE of Smelter.
<br />" 1, ~,'vs j)
<br />.. .~~'~~: ' `Ihe Kendrick and Gelder Smelting Company
<br />M. H. SINIONS,
<br />Auditoe DFNVLIt, Coto., Dec. 31, 1902.
<br />To the President a+nd Directors of 771e Ifnndrtick & Gelder Snelling Co.:
<br />GEN'1LIs.1iLN: I Ueg to suhmit to you my semi-annual report of the financial condition of 'Phe I{endrick
<br />S. Gelder Smelting Company, and the mines connected therewith, on the 31st day of DecemUer, 1902:
<br />a'rA1LMI;NT OII 11119 OONlll'190N OP '1'lIl•` ItliNllllIDli b OIiLllPit fiAf1sL'1'llt AND DIINL••9, ON '1IIIs lIiI1tTY-1•Ille1 DAY
<br />ol+ Dsc, 1902.
<br />Capitol stock issued for the property ...............
<br />t:m;,.,;.;..:..
<br />e
<br />, .,
<br />.._.
<br />'- Smelter p1unC ...................................
<br />„~~ Dividend "} cents per shore ....................... .
<br />Cush, ore trod stock acemurt ... .... .... .............
<br />ACCUall1S 3'CCeI\'able (gOUd) ... .... .. ...... .. .......
<br />Diiniug properties ...............................
<br />Mlllillg improvements ............................
<br />Mine llcrelopmeul ................................
<br />Supplies (uL mine) ...............................
<br />Milling ore devulopcil (as per formm• report)........
<br />* Smalling ore developed (as per formm• repw'l) ....
<br />Capital stock 1,000,000 ehnt•es, par value $11.00.. , .... . y1,000,000. U0
<br />
<br />P (I ) ................................
<br />Cu dal laid iu 300,000.
<br />. 00
<br />Trensnrp account ............................... . 50,000. 00
<br />Bills pu}'uUlc ................................... . 81,133. 00
<br />b'urnucc uccouut .. .. ........ ........... ....... .. . 6,106. 2D
<br />Mining and treating developed ors (ae pm• Lmuncr
<br />reporC) ....... ............................. . U25,419. 00
<br />
<br />........................................
<br />1'rofite 051,681.
<br />. 00
<br /> X3,31 "u,7G7 .Gli
<br />$1,000,000.00
<br />111,111.40
<br />25,OOOAU
<br />75,000.20
<br />6,262.65
<br />212,428.61
<br />6,072.59
<br />44,922.62
<br />8,009.50
<br />1,409,400.00
<br />417,600.00
<br />>b3,31u',7G7.6G
<br />"' A ]urge nmonnL of an has Ucwl developed that has ^ot been figured in on CUis repm't Uut may Uo in
<br />Host ouc. Thu cmupnny pig's all accounts monthly and Ims no outstanding Ui]le.
<br />Respectfully suUmitied,
<br />i1f. lI. SIMONS, rludiEor.
<br />G
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