Show STARTS ARTS NEW YEAR WITH A SURPLUS 1 I Uncle Sam Company Makes Good Showing to Stockholders I OLD BOARD IS REELECTED SL COMPANY IS I 3 I J The annual meeting of the Uncle Sam Consolidated Mining company was wae held yesterday afternoon and the old board SH DL was unanimously elected to tore I serve erve re the company again and carry on onne the ne Hood work it has been doing during the ten ton and months it has been In office Am As It stands the board Is or 01 o w 1 as aa follows Hows and it is not ex cx there will be t any changes John Toh president James Chipman vice President and general manager B F Plunders George Havercamp and aDd Wit Jam J tm H j McIntyre w S Chipman is to eft rotary and aDd treasurer and there is no doubt that he will continue to serve tins the company as a such The last meeting eting was held a month and alei a halt half behind time on July 23 fl lait aUt tint sin on that account the reports sub Ri In I ted teU yesterday were for ten and on one a hale baIt U months month The receipts for that pe fled were from the sale saJe of ot lots of ore containing tons 47 X or a little more than 1553 a ton net riet Miscellaneous Ml receipts amounted to I LI lo while from assessment No 1 I levied last la t July the company received and began the year with In the treasury When hen the year began the company had an indebtedness or of so 80 when it is explained that that indebtedness has baa bt been en wiped out and aDd that there was u in the treasury yesterday and that in the face of a total expenditure ex for fec 4 the Period eri of ot It is 1 seen men that 1 somethIng l Om thID has hu been accomplished The May payrolls and accounts have not flot t yet been discharged but there are now seven carloads of ore headed for tor market which It Is estimated will pay Ii sI outstanding accounts and swell the amount in the treasury during the month t tI a full rull or more than enough to build the contemplated new mill J the week closes it is expected thet th t all arrangements arrangement I for or the erection 01 of the plant will have been completed and that construction will follow at once In I n the he t mine there is estimated to be at 1 ast tons of milling ore now blocked blo ked out and while no printed report was wa a submitted I edi by Manager a Chipman he b ro roa explained a conditions at the e mine in n a away way iv that was most reassuring to th the s stockholders to At the present time an average vera e of nearly early forty men are employed at the tho property and quite a large percentage of f the number is kept constantly on de dc development work which under t R G Leg Legg is said to be bringing the t h best beet kind of results The Uncle Sam Sm begins the new year with every T prospect r of making a record that will e that of the past term of th the I present management |