Show SOUTH SWANSEA riveting rIE ETINO ETING at the annual stockholders meeting of the south swansea mining company held in this city the first of last week the old directory was unanimously elected to serve for the ensuing year as follows C V wheeler president L fi riter vice president and general manager J T croxall treasurer J M wheeler and W V H farnsworth secretary in his report as to the financial condition of the company secretary farnsworth submitted the following figures showing that the organization has been well managed and on a sound basis during the year the company mined and shipped tons of ore which returned tons of lead ounces of silver and ounces in sold gold which was sold for 80 representing ting the receipts for the campany for the year ending april 1 1899 during this period the disbursements by the company amounted to which included six dividends of each or 45 00 the sum of paid for labor for freight for salaries including that of the superintendent the office expenses fo footing up to at the previous meeting the company had a balance on hand of while the surplus on hand band on the 1st ast dinst footed up to the snug sum of the committee composed of the directors of the company which made its annual inspection spec tion of this silver city tintic gintic bonanza a few da days y s before the meeting reported that the mine was in excellent physical condition and in its report made the suggestion that the proper property tr might be worked to better advantage by the sinking of a new dew working shaft as with the present incline shaft shaf t operations cannot be conducted to the best advantage and it is sometimes difficult to handle as much ore through this medium as the amount of ore in sight in the workings would justify the con census of opinion of the meeting being that with the handsome cash reserve in the treasury of the company this new work could be begun and carried on successfully and to the benefit of the mine during the past year the operation of the mine included cubic feet of on the vein 1500 feet in drifts and cross cuts a and nd 46 feet in dinzes and upraises up raises the report was regarded as highly satisfactory by the stockholders present at the meeting and the company was well pleased with the ee excellent ellent condition of the property |