Show iselma gj officers out 0 with financial report 1 1 0 7 operations will be resumed zw by the selma mines com pany on 7 its property sw in east just as soon as weather conditions ar will permit 7 according to an an no to stockholders 7 which ac companie a notice of assessment diw im nsf part of the assessment w uffa a which has just been levied will fart ff rt be used waff for de of the a property ff 1 and in paying for ground purchased the selma property lays to the north of the north standard and s between ff the chief consolidated property y at W pinion mountain and aff the paymaster property the statement tf ff to the stockholders byaw omes fram the new board of direct ors h vas elected last february V wa and has i the following to say y regard aff i ing the property and affairs of the company ff Dx aff Is due to the stock alff holders as to why this present vr assessment ff ses is levied f ff rya we found the company owing 2 aia borrowed ww money a portion of afaf which had been used aff assiff to make a pay ment a on ay the purchase ww of white star stacil www afis had fiSi been sw considered 1 necessary ay or wha advis advisably ablo r by the I 1 ous board of directors fsr this mone y fell due april 7 1 1920 and to pay it the present 21 board authorized a loan of 3 w which was obtained and ta e portion of the money applied to 7 replace the former loan sixteen hundred aw 1 tywan ty dollars wao more will 7 have to be paid on IN w hite is star waw stock 7 during the present gugy month besides the foregoing indebted sy ness and avar probably as grounds av for a portion ff of it was found items of w litigation pending alff ff one an adverse suit r brought f by this afy company to pro hect 1 a portion of its aff iw ground and f another a suit r commenced by others claiming adverse ia interests to a por tion asi of the ground claimed by aff this compana besides the foregoing asef a portion ff of the present directors fie awis cW is acting ai aishi on behalf of the stockholders im iffa and of the compan Vf y is a voted on fript january nary w 30 1920 aw to commence i a suit against 0 w W tf carlson to recover is vw some fw thing any over 79 shares aft of stock iff which it y is alleged i fary belongs ff to ax my treasur of the compan ff ben be n wrongfully issued to carlson w on w the face of the 0 record the coin ff wiy banys attorney As advised that awa the stock belonged to th e afaf 9 and yaw th issuance 0 thereof to as irregular w vya sip this board 7 cannot fy explain in full 7 why at least ww a portion of the former arza W assessments have not been W devoted to development work but it assures y the alff stockholders that a portion of the present assessment will be wiy so used WO and that an 1 campaign of development work will be W abed and presed as soon f as the 0 weather afy Is sufficiently settled 1 a to justify ff the commencement tf wv of opera w alons taw the information VW aay coming to vw your present board of directors justifies the belief that w aff you have valuable ground fio and when ff the proper depth ts Is obtained aff in the present shaft you have the right to expect pay ore in paying quantities |