Show HORN SILVER I Years Operations Set Forth By r Manager Manag er Farnsworth th thORE ORE PROFITS 8 2 BALANCE BALANCE OF OP ET IN THE TREASURY I Great Activity In the Deer Lodge District Good Showing of Gold GoldOr Ore Or on the tha Surface Excitement Over Over Rich Bich Discoveries on the Tooele Desert 1 I The annual report of ot the Horn Sil Sit Silver ver cr Mining Alining company for the year end endIng in log Ing December Dec 31 1889 18 has just Issued from the press and is now being sent to stockholders The report is compiled by Manager Philo T Farnsworth and Secretary M C Morris and makes most interesting reading Every feature of or orto the tho to operations are covered In a n concise and ao intelligible manner and every stockholder will wi know ex ax exactly e aty after reading it what has hn been accomplished in every ever department department The Te managers report shows that during dung the thc year r the te total production of ot crude ore was wa tons of or which amount amunt tons ton went to the mill ml for tor treatment The Te cost cs of extraction was per par ton divided divide as ax a follows La Labor Labor bor hot on ore 87 labor on dead work BO 60 cents cent labor on surface 70 cents supplies timber fuel uel etc The cost of ot concentrating the crude or was per pr ton making the total cost cot of o extraction and milling on all al ores mined The years pro product product duct told gild for leaving a net balance on ore sales of There Therewa Tere Terea was wa a S feet tet of ot dead work performed during the year yer The production of copper amounted to pounds Dud which came from the and ad SOO levels and Manager Farnsworth Farsworth estimates that tat the production of that metal wIl wIlbe n nb be b about abut the same se for this yea In addition additon to the copper pounds of ot lead le ounces sliver silver and ounces of ot gold cold old were also produced The Te s mercantile merante business at at Frisco netted a profit of The Tl report makes make the te fol jot lowing exhibit Receipts Balance Daane from last lat annual re report report report port b From Prom ore Ire re ea es e Stow Store at o F Interest sundry amounts amount House Houe rents etc Total Disbursements Mining account Mill Mi expense General expense cx eIe Taxes etc etc Alexander mine Dividend No 43 of 5 cents Total Leaving a balance on hand including cash ch and worth of timber supplies etc of The assets aset of the company are ar de described described scribed as a follows Outstanding amounts amount due ue to company Cash on hand band as a por per state statement statement statement ment Ellis Bills BUs receivable e notes notes se Ce secured secure cured cure by real rea estate Estimated value nue df Of f stock on hand at tho thE mine and ad store sore ore Works Work and plant at Franck Francklyn Francklyn lyn cost cst Hoisting works woks at mine mie cost Real estate at Frisco cost cot Concentrating plant cost cst Liabilities Total none |