_ Enacted by the General Auembly of khe Stale of Colorado, Approved April 10, 1899. ~~Sx.'~
<br />_ ... av~m..,,,?n mwa„a..-oo~,,,,a _mr,Aa ~,,,, .,a, o,,,, ~, na, ~„~a ooA.ari„u ,,..,,, ,,,omnlr,,.~„o ~,i~p ~, miil' '
<br />--- . .
<br />--- ~ - OFFICE OF ~ ~\J,?'. '~'
<br />-- THE BANGKOK-CORA BELL MINING COMPANY
<br />--- 619-630 FxcM1ange 9nilding
<br />P. 0. 9oz 1411.
<br />~ DEYVER, Cor.o., Jan. lo, ,gog.
<br />"' To the 5'POC/zholders itt Tloe B¢~egkok-Cora Bell MiningCoutp¢r,y;
<br />At a recent meeting of the directors it was by unanimous action considered to be desirable [hat the stock-
<br />--. holders in The Bangkok-Cora Bell Mining Company beadvised as to present conditions iu the affairs of the Com-
<br />pany, and to that end the president was instructed to prepare a statement to be sent to all stockholders.
<br />--- Owing to labor troubles The Union Leasing Company, which at the time held a lease on our properties,
<br />+vas obliged to quit work upon the properties of the Company in June, t8g6, and for the same reason all mining
<br />--- spun Pryer Hill ceased and the underground workings filled up with water.
<br />In March, tgoz, a lease of the properties of the Company was made to Messrs. Newell mad Page of Lead-
<br />. _ _. title. These gentlemen also secured leases upon adjoining properties and organized The Pryer Hill Mines Coua-
<br />Pally, Procuring capital, mainly from the )last, with which to undertake the serious and hazardous task of un-
<br />. _ _. n'atering the extensive underground workings of the leased premises. '
<br />As a result of continuous and vigorous work over a period of four months by the Leasing Company,
<br />. _ _- lining an average of r,yz8,ooo gallons per day over the whole of said period, the mines have been successfully
<br />nnwatered and the work of opening up the underground workings, clearing the levels of waste, timbering, etc.,
<br />has proceeded up to the present. Connections with the workings, levels and drifts of our Properties have been
<br />made from the rl Paso shaft, and the work of actual mining of ores has commenced. The liresent production of
<br />~___ ores from our properties is about twelve to fifteen tons per day. The grade of the ores is at present not accu-
<br />total}' known as no smelter setflements have been received, but it is tuaderstood that the ores are of good grade
<br />(ur that locality. It is believed, by those who are familiar with our ground, that a part of the ore bodies, dis-
<br />'-"- dosed by the recent discoveries of The Progressive Mining Company, is included within the boundaries of our
<br />properties at the northerly end, and that when sufficient depth is reached and connections are made, the output of
<br />---' ma properties will he increased very considerably, To reach these ore bodies the Leasing Company is now sinking
<br />a new shaft on leased properties adjoining ours. It is reasonable to expect that within hvelve to fifteen months
<br />---- these new bodies of ore which are believed to exist, will he reached, and that from that date the production will be
<br />continuous and in very considerable amounts.
<br />---- It is gratifying to be able to report that the Company has no indebtedness and that taxes have been kept
<br />Gdly paid up. Daring the past five years no salaries have heen paid to ollicers and no office or other expenses
<br />-~-- allowed, except such nominal amounts as were necessary for the holding of stockholders' meetings.
<br />A balance sheet furnished by the secretary showing present conditions is appended below.
<br />---- it is very desirable that the secretary be furnished with the present adch•ess of each stoccholdcr, and to
<br />tllal end each stockholder is requested to till out and send to James L-I. Cramlcu, secretary of the Comptury, P. O.
<br />.-.. Ilnx I¢I1, Denver, Colorado, the enclosed postal ctu•d, so that the stock ledger nvey be made to show the correct
<br />pnstofiice address of every stockholder.
<br />_.._ Respectfully submitted,
<br />LOUIS IL J:\CICSON,.
<br />President.
<br />---- ~ r~
<br />SL'CRIi'I'ARY'S RliP01<'I'.
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<br /> Cora Bcll Mine ................................... zro,ooo.ao
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<br /> Profit and I,nss Account . . .. . ....... ...... . . . .......
<br /> Unpaid Dividends ................................ 40.00
<br />~-'- ' Respectfully submitted,
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