|
~jt~~'~7 ~~.hkl4$1(Vr'lSFdi~a'jr~ frfeztiitlML(xxRhaaQgr~u~l...::r , f , ... W#1. N..,MtAgI.NP.IFnR, $e(s!'a;i~ry +1nd T p !!ar!t,.
<br />.W~w ~
<br />~ ~~,~~~,ttku It ''t~~l'~~ rr , , i t ,•r,. 1~~ i r ~ i . r ~A.. W CRAItiaAuUtent ae4MtirY,'eitd.Tir99~9rbr.
<br />[RANK M T.5 ra~~i.r ~ ~,.i (an,t !Sun , , r „ u ~ .!.
<br />., '> e r~azlt I~It) 9~r.r jai ~, I i i~t A ~ia1 r ~r ~
<br />i i
<br />r• ,y - n,. !n Nrt 1 U r ( u i Y ur ,I, • ~ )' 1 , ,C ~FtGF. OF,1 ., .i i
<br />r ~.:: ,'0 i do 1 ni .1 , r ',rui r r. x i i n ,
<br />~ ,, THE,vONTINENTALrM11NES, POWER dr, REDFJCTI®N~CO. -- q!
<br />,,. ,. r :~~,u a x~e~ ~e~l~awb,d~z,E~U~rrxBLE E3LILDlNG'
<br />.~ r s i , r rr x ~ ,:
<br />,it 7a n i , i , ,.,,y ~
<br />i ,... .. t,,,r ,i, 't, rv ,, ~„ I ,P„0. ~07(.73T,{„ ~`:
<br />REPORT ND 65r r. , ,,,, ~,,
<br />' ~ ,'F'IFT`H r I4N'N;4;J.14L", REPORT
<br />6,:,: ~ ~: -., ~,;'„ , "~ ~ x Deqvor Colo N'ov 10th, 1810 -
<br />To the Stockholders ~ ,.',.
<br />IC fe customary that cotporatlons~ submit to their 4tgp15hQ4darP aq Ppppal report at the end of each fleedl Year Thle Com ~5~
<br />pony bas alWbY4 da9e~go)- ip fact it bpq dons more lhgn mgs4 eq{nDa>}Itl9 gegerally do tkat is to report to them eaoh month „
<br />}Ve huvsBly@@pp youRUrtef,mgnth~y stn emmdteV6r tlln e'tKe'laeoptlon'df this enterprlee. We 6elleve that the etockholdera
<br />should be sully posted at 'sil tlrnes, becadire Drily such companies whlob take their enpportere into tltetr coafldenco may look for ,~
<br />a roaterlal and flnanclal success. Like many worthy concorna before ne, we had our share of annoyance driring rho peat yanr,
<br />but we 6avs ohesrfully anrrled the Uurdens and arerrbedytllor:any.aorVOL,escrlflca ae long as we are aeeurod of an ultimate and ~
<br />grand result. What the flnagciah cgndltlane Were Yor, the peat Year are known to ali. Many large concorna actually suffered
<br />from rho tlgbtnees of tbo mod'ey rhabk t. WGiI'e'aid'hdve hot had any~revbreer-yet the snpplYO6moneywap npt,aa,DlgPtlCplps
<br />we could hove used•tos ~6rratxat~vgptpye.,,;ln,jaayr.;trForo.mogey, wquld, 114ve hetpgtt ua to get on n paYtng balls qulaker. Work
<br />lbat could have bean done this year had to be poethonfid uatl Iator, 'Tn pits ~ol'the etdall amobnt of eaoh tbaLwae~ placed at our
<br />dleDOeal, we have nccomyllebod very much. We may esy the Daet year baa ~Urought rangy good things, for which wa are
<br />thankful. ,
<br />To rev a~W~~ the .Wglk done, we wish to say flrat thd~h`a eh'tCre T.ombard Tunnel No. 3 was drlvan slaae the ldat rapart.
<br />Thle tunao~,wgiY'~d llvdh ever 3,4004eet•and~praatl~ally.o roCiit~le;drlven,on„thq, T.prghsyd,Ygin, Wtl pll-kAgW..,1bPt WB Gon1d eX•
<br />' yect good Nd"]}}q~jt;Y`ot~ors~under I.ombardlrputntel~~No;~R~. iWa,-wm'a, alas, eetteAaa teat dlte,~i,ampard vp)n, qps gndar the Lom•
<br />Uard shatt,'WWJt~gp was {~il'o[ water, and ~nsarty •800 teot.wart o.G Lombard,.Zltmmglr a, 1 ~aRd No. 2.,Dut. yye {lld.,not know that
<br />Iho Lombakd•~'yy~1166xtarrded•west of the shaft houaa.untll wa ,iouod. tt tn, R!uanal,Np A• T,1aaaPfppq the two dlsoovsrles slogs era
<br />very lmpo nl'' Eduee wevtow kgow•teat~wa-have tba'C,otsbaM Yein~sataally; gDeagA,qD'4ndpr Rl'PNAd ,Igr,bODrA, then 8,000 teat.
<br />Now to co e''b nk to the ardranoo ot•No..e, what.dld.wa Aad~therap..WPll, .tbtl.drgt L. Igp;,p, prppt,,Qpvy pt wa ep and all these
<br />dl0laultlea p(~;'i;~l'@'d't(r, to drive the tunnel khrouRh the covey sand and gravel. We finally euoceeded and tlmbarod It np nlcaly.
<br />Aa loop aalt'ttoCtnto'bed rock, we found a uraas vein, but paid Ifttle attonttog to it bacauee theca was qo daDth to [he aurfaos. (,;~,;
<br />('phis discovery may yet be very important when 1.omUaxls4'ngnpl No, l Hate under tMe DoInA) Dh'om this time on, wtl ware oa
<br />tde Lombtyg,,vajq ag the rush toward the shaft was made. At About 000 teat we cut a vein called 01. Whllo IE !R not a Utrge
<br />una, we obtpip d att~ya 6t'PBB.OD' Dar' tort. ~ A'Uout ?6 ~teoG larther •wa otruak~ another t+eln; ~ ~Thla ono:wae lar~ar,-8 tsot wide--
<br />aad we aallPtl c~t -~p. Ift'ddlftlAk' nh' tits' soma. south; ~tUs veto •Uecams •largar (6 to.0 .tent), ..We.bad~ aoma~at ~tparpra run In the
<br />mill an(1 We.. eIIBYa t118t'tl)lb'V81p' will' U6 'a Very ~brrge °Drd8ubarJ' pantJguing'and dWIOWIgR. the l.ombaed Y4Inr We Oam0 aaPaaa
<br />a yaruhyry,pll{y~pGpQfnat, Uut CUIe dike waa barren as tar ae appearances want, so we aantlnuad the tunnol to a point under
<br />the i.omhurd aCC6ft; WDfab Waa 160 lost doep and full of water, (i.(oat nmltlon Und to Ua oxarolsod in making the aanueatlona.
<br />T41s too waa slap scoompllahed without a mlahaD, AeyoNd'lhe~ahatt wa found lha L.amUard vela and many small stAngara,
<br />alt of therri:4tbtre'a'dlp toWRKdr the flrat,UarDhYry dike and we thlnlt whit maTO depth tbpy WIII gomo tnRPther and farm a larger
<br />veto. Attar tbaCrwo enteroA the a,ae hd, prYltyry Jlka, `A'RYakt'dapl'C41tIA'bP; Natd auPrlt this dlhd:'huk'tha ppaaa Ie Ilmlwd
<br />and we haYe'bChar tbiflga. t0, ieY, IKO. ww1~1 kQwavBr, dell uttehtlda'to this.tltllltp,ln oNr mgptNlY t1''apogta gaxtrugimor. Wa have
<br />rtreadY reported dhst s tarRe part of this ((lke Ir minernllsea, Ant' we'are nrlt•In'tt 9asltton'~st'thlrthua~to asy'haw tar fhb Roea.
<br />POSYIhIy 1t'Ithb/!Iota the Rraut blowout on 4alA VIII, whloh la an anormoaelY largo deposit at parPUYfY, floyond ehta dlka the
<br />iomhard vain ooptlquer to do rtronaer wllh Rood'are In;,gtgpy; plgNA . At the 1,100 fast Dolnt lrom the apu~anae of Inmbsrd
<br />Tunnel No, 8, we en untared.Raod ore. The vein fa ti»m d to 7YSat In width, and to aomtl plaaeo the emaltlnR atrepk la from
<br />a to l'4 b(•htlp wtdRR. '~WO"tt+ould aanrtderrswtnpaPL ithB'braL,nf'Np, 8~tupnoL,put•~tlatr,ul. RaaA,aa wP,axptloPita .tlpd when this h(n•
<br />ntll Rtlta d rp9qII vbdry LggtUarQ rDuanel•No..9. • We.hara, rtet Uoa9lvak)pR.t9r s~py Kreat, thlNRp,eAryp6,F4yxgfgqre,tba find fa ronllY
<br />an unaxpddtpd°ypne, 'Wo believe tlRr4muap •oae •wlll.be.mined (ram. tblr.and.gtbPr UINpPN bgRlgqlp({ aext oP4WR Pad tUnraafttlr.
<br />'thu hdpttlttdtl Tunnel-No,~A~bea bean Arlyp~ top 4 dfitahao ot'(80}~'Ceot„'.Tlp A tPDgqQ~T tq Outgtda, qt tha8,gamnnn Tunnst,
<br />the moat'1f~pp rDent.part oC our,enterpriaa, Wa hpve,epp9ggtarqA 4"YAM )q,tJ1l~,ninpol W rfJt,w4N pha4lNttly pnKnawtf to ua,
<br />Thla veln'4t' IC~be known hereafter. ae rho Jieli•oy vain„~ t (ihP prPppp{}t~',tlmP,tgl golq ~o6i p~. F~ al'rY 1'fiRU values, Uut we ha•
<br />Ileve thlxtlr dU®!ta.tha.t0.04that wlHreletilidda,alpa iW,~he oNptpePrigNAtmgat,pf~hP oro,U (gJ(1 lAgd, ~Tba APItgY )ads tar vain)
<br />Ig from 4'w'6!foot.wide, The i.nmhard Tupgol, No, ~ to the J(aY td our great enageq~(.,~,t„ . rd," 'All qqr, nppar lambnrd
<br />worklnRr'Naa'be Maohed thYPN~gb, tltU kkugnp!• , e atip6dt t0 d4•Ilidte, ai wa bsu earl ly rawnh,mpnY, 6f,pur Yeah Vtlina pR Iraq.
<br />ala4 IuU,~fkalgdlnir tbs. Y'auot.PPIDa TrIIDY~ Qbprlgakap, add miNY •pthara."flame liava'ttlre~d IlplRgad RPU 'paY ors in tba
<br />peat. UYtrburthyMtam we.wiU,ba,ahla.tq.warlt,aJlgoer,;~gtgr~At~p vgyynlgiy,Apel,; oAeWallY'W~Ipn , to tgpna!' ar bean Arlven
<br />and connedtloao pave baoa.modo, with 1.amhRrA TPnP.el No. 8 poop thta to Adne, ~a will Ua Iqq,a pppdg4ttpR'to.1e{vo mnob mangy
<br />m( the haellbtt~o! era b foams,, >Kgrt jlgDOrt4 t pC g11 tpa lerrpn `dt the tpb¢ whiter eraPani ,wl)Lpa;Rt pq,nltd, Wn gtle q0
<br />reason w1iy buttttnlll wllh a muab htYReY papRa tY, canltgt be Naglrj 'sdd' hyaducinlt'du IpR. the a~lllmpro MI1d, wlntero• Naw,
<br />W.,rxr.,...,ii.r.r.u r..:.,...~.~, ~he1,.,...uah Lam ard',TuaablZlA,4,aa,•1Mrt'.altrpilt(a1p1a,:;,Wta,w~ll ,~a II,tUgt aRI1',.I~B Aotln.towarde
<br />Chic' hiddtb"te bVtlr,'we7al
<br />__. Wo UYt+e~ilyltldi~ stated whY the mill did trot a orate last summer, TUU war nn aacaunt of the delay In aottlaR tpa otea
<br />trio amtarw Nqw tpay pro laatallyd and wo era only welUai for pout aprlfla to errlvo when we will be o to to begin D9undlult
<br />
|