Laserfiche WebLink
'' <br />~1"he Oliver deduction Company <br />custom <br />to make <br />~ <br />GEORGE OLIP~~ <br /> t <br />Dexvea, Coro, Sept. 2, 1902. <br /> <br />~ a new c <br />To tlaa Stockholders of Tha Oltivor Deduction Company: '' ~ 1 <br />x: Since the organization oP The Oliver Reduction compnny I have closed out most o£ my 1 <br />•om this Grxmennrx <br />L•usiness interests in the Nast that required my personal attention that I might more closely look after the ~. `; <br />the com- interests of The Oliver Reduction compnny. 1 <br />d in the beginning that it was n large, profit-earning proposition, but after spending this 1 <br />i <br />;es. ze <br />I recogn <br />season in Colorado and giving personal attention to tlm nRnire of The Oliver Reduction compnny, and care- <br /> fully inveetigating the conditions, I nm thm•oaghly confident that the profits arc larger mtd the investment <br />lter. fiilly ns safe ae I had at first figured. <br />I just returned to Denver from Silverfon, where I hove not only given attention to the properties nod <br /> interests of our compnny, bat have carefully im•estigyiled oar own and other mines and milling propositions. <br />dditional Undies of enormously rich ore at <br />d <br /> np a <br />The Gold Icing mine, nearby the Henrietta, hoe opene <br />t with which they are handling two htmdred tons of ore per day and <br />l <br />d <br /> an <br />y n p <br />Brent depth. They have alrea <br /> <br />902. are making plans to double it. ~ <br />on several occasions, the Silver T.nl:e mill of four hundred tons daily capacity. They <br />I also visited <br /> , <br />have this summer enl¢rged it and are P~•epm~ing in make it nn eight htmdred ton mill. DTnnagcr IInllett, tvho <br />I{endrick has charge of the mines and mills for tvhirh the owners paid millions of dollm•s, personally gave me every <br />was the case rvherevcr I <br />Thi <br />2• s <br />oet me as fully ne poesiblq ns did others in minor positions. <br />tion to <br />tt <br /> p <br />en <br />a <br />rue2 nes visited. <br />There are a number of ]urge mills which have been running for years, that have made"the prodnetion <br />than nt any other one time, nll <br />i <br /> on now <br />of Son Juau country, and more mills are in process of constrnef <br /> proving the buainaea to give large profits mul socnrity of enpitnl ne well. ', <br />d mill mt ncconnt of the IIcnricttn <br /> We havo delayed pnehing the sale of stock and building our Cann an <br />i6 with Na. 7 tunnel, and the vein woe only <br />d t <br /> o crow <br />vein swerving to the left of where they bud expecte <br />t tho first of August nt n distance of fourteen hundred mul fifteen 4ert from iho month of <br />b <br />l <br />d <br />l <br /> ou <br />a <br />. <br />eve <br />encountere <br />the tunnol, but in the meantime they had dmm over cighlemr hnndred feoC of explm•ntimt Erma that <br />n6 aia•iking tbo opposite well, <br />itb <br />t <br /> o <br />tv <br />R'haro Choy encountered the voin thay moss-eat nhmth twenty-five fee <br />mcd drifting iu the vein rvhm~c fi rsC encountered and havo <br /> proving the vein of Brent width, Thay conunm <br />ndrod feet in length, thrnngh xomo n£ the richest m•c ihnC Ihoy <br />h <br />t <br /> n <br />tvo <br />driven, uP to Cho prasmrt date, over <br />s Cha lTenriotfn ore to emttinna wil'n depth ns iC is four hundred Lech , <br />i <br />~ s prove <br />have ever found in the mine. Th <br />on the com•so of the vain balow Nu. 3 wm•kings, above which they bud nbont ono lmndred and seventy-fear <br />proven <br />idth of solid arc <br /> , <br />thonennd tone of ore opened, and the hrrnst of C1mC tunnel is in cighlemt fcc6 in w <br />en inmdred fcc6 in depth. <br />• <br />l <br /> ev <br />e <br />by development Trom. the top of Cho monn6nin to No. ~ level, which ix ovm <br />d within fear hnndrod feet of the <br />l <br /> s, an <br />They ara driving in this m•o ns rapidly ns possible with pnwm• dril <br />oC only conipleto tlm ventilation httt mmblo ilmm <br />I <br />ill <br /> n <br />present breast will upraise to intm•sec6 No. S, which w <br />on handle with n mill of n capacity for treating from two to fom• i, <br />t <br /> we e <br />to furnish any amount of oro tha <br /> <br />- hundred tons daily. ~~ <br />Tt wus oxpoatcd, ut the limo of orgnnlzing this emnpitn,y, Ihnt Nu 7 Iavcl wonid onaountm• Wto Tlmo- <br />and Lho davclopment now loolre ne if they <br />n <br />i <br />y, <br />rialto vain within a tow wcolcs when n•c could Pat up the 6rnmw <br />n the lol'C silo of Na• 7 level clear to the surfnea, within only <br />i <br />nay bo in n o <br />could emno right bnclc mr the lIenrietln ve <br /> n short disCanco of Cho peasant entrnnco of No. 7. <br />ilh any axnahuss lhu nuatbm• of tons of oro above N~a• 7 in the Hon- i <br />Y th <br />t <br /> e <br />o tv <br />1 havo not uttornptod to emnpn <br />tltub it will bo sulllcicnC to eupply for years to como n mill o <br />ditor, rioi6u voin alone, but it is so onormotre <br />cupauity contomplaiad by Tho Olivar ltoduction emnpuny. <br /> 7 t <br /> <br />°t <br />i <br />i <br />