MINEBK01059

• County: Conejos
• Document: Manager
• Suffix: A

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STflTEN[ENT OF ~ a ` ~ ~
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BLflNGfl MUTUflh M1N1NC~ and M[LL~NC~ GOMPflNY. ~ ~~ ~~
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.NLpp~.t ~~oJ...-.!a ~'o-ac rs o-cs ~ I o.. 5,~, ; < ;;
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----~~ !tit; ~~~' ,~I
..................•....•................................ ....$60.000.00 ~:~
Stock•••••••••••""'•• .... $20,000.00 •
;in Vulue of Stock••••••••••••••••••••••••
tees
..............$ 24.000.00 ~. ~ "
•ved Stock ...................... .
.............•.......... ............... 35.056.00
...
.....
jury Stock ...................... ..............
525.94
2
ralExpense Account ........... .
......
•.._........................ g+222.37
rExPense Account••••••••••••• .......
••• .••.•... 7,859.00
•""••'
•
Receivable•••••••••
t ••••••••••••••""'•"'••
s
tAccaun 642.55
..............
~
~,
r
Receivable ..................... .....................
...... 1
29 7
nissionAccount•••••••••••••••• .
••••••"""'
on Hand ........................ ...... ,
$80,000.00 $80,00000 ~j
is l.'ompdny was lneo[porated with a Capital Stock of $bo,ooo.oo. Five •fhuusa nd Shares with a par value of $IS.oo
tc rod divided as tollow•>: Two Tltourand Shares was rescrveJ as an emergency fond, to be used mdy in case all other
id Men sold and the proceeds used fur development. Three Thousand Shares was place+i in the Trrasary to he sold
shthelnods to develop the eompany':+ properly as mentioned in tlu: prospectus. Onu Thousand Shares were solal, /
~.atonedollar (St.oo} per month until paid for at $t2.on per shat.; of this eight hundred was paid in hdl, tonnting Ihr. i
entstoek that had been sdd and resold, and money received from contracts svhieh became delinquent makes our bal•
pen as it does, showing mare money' received than could pcss+bly have been received Irom the eight hundred shares
m per share. ~5'ith this income we have paid for ali outside and inside improvements such as car tracks, air blower and
~s rod seven hundred Icet of development. 1Vc have at the present lime Three Hundred Shares being Paid for al S:{~-
shue, per month. "fhe running expenses arr. about Six Hundred Ih+ILrts (fiGoo.ooj per month.
the Homesnke we have a large body of Inw grade ore that is graving to br. free milling, with every indication of coming
grade me. In the I3aehelur we have rlevcn feet of low grades ore; in the Copper Oueen we have three Irct of urn
io copper and gold to the amaunt oI ?wenty Two Dollars (Su. cro) per ton, nl Ihi. a•c are making arrangrn+cnls to br~
Aping, and thu the conpany bas a bright future [ am satisfied.
xSlak remaining unsold after the company is on a Jividcnd paling basis will not have the power nl vote nr draw ,
.'suaderany circumstances. Thee are now "l'wenty•Thruc Iluudred Shares in goon standing am~e~ I I~(+'IrL11 S r•
u!e a !=}w per sha[c. .,i\V~U
SC[feldty.

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