Show YEARS WORK AT THE THEMAY MAY DAY Gratifying Reports Are Ae Submitted at atthe atthe atthe the Annual Anual Meeting of the Shareholders RICH ORE AT STATELINE DEVELOPMENTS ON 1500 LEVEL OF At the annual annual meeting of the May MayDay MayDay Day company yesterday written re reports report reports ports port wore were submitted by Manager J JE JE JE E and Secretary John Camp Campbell Campbel Campbell bell bel that covered the years operations In a comprehensive man manner manner manner ner In addition the working maps of the property were displayed and the th manager mana er as a well wel as Superintendent IT rr M 11 r Eakin explained d to the share shareholders hold holders vs present preset the significance of the development as illustrated in the maps of nf n the workings as a complied compiled by Sur Surveyor vP or H W TV Horn The rhe exhibit as aR a whole was wa a good deal of a revelation tion ton to the th shareholders in attendance at time in the as aR no previous history of the company had bad conditions been as explicitly pU Ity presented Manager Report In ln the detailed coy cov covering co corins ering the work done in the mine Man Manager Manager ager agel Darmer makes the following statement In Tn this report I wish to call cal your our attention to the condition of your com corn affairs during durin the current year as wel well as at the present time Last Auril we had a shoot of ore on the level and upwards which gave some ome promise of being bein permanent but butas as the shipments shipment progressed pro it proved to In be bf a small amaH one 01 It I was wa your our man managers agers R rs hone hooe that this shoot would pro produce produce produce duce sufficient money to rolace ma nut hiner which h had hai hac been worn out and anti sink the shaft to deeper levels that we might explore new territory further down lown th hill bill hil and nearer nean r the contact of ef the lime and porphyry But by b bune June une we wc found the ore orf or body ld exhausted and ami anc funds on bind and with wih but little prospect p of nf th levels al already 31 ready nai opened open d up producing further ore It I was at this tin ti p and under the thE e p disheartening 1 ing conditions t ions that your our board bard of after f r 1 weeks r If f de deliberation liberation i 1 eded that the course to t pursue pur was wa to levy lew sufficient MS J Je ii f e ren your you stork stock tn o sink th tl shaft and anti th tb level leeJ created r ted Work Done and Ore Showing VV have th f h nt r besides much mitch of f the th work done and ad the the ore nn shipped done in iii the shaft shaf and drifts s shout bout ol foot fet f et of or linear work on the 20 10 and ann levels with wih the result that today we have a good showing of ore on the level lel going goin both up and down besides b ldes the showing of ores s we have a a good show showIng showIng showIng Ing of ores also going up and down Also W we have hae on tho level an n encouraging showing of zinc ores which if it by development continues the UtE same grade of ore that it has may be handled by the future man management management with wih a profit to the com corn company company pany We also have in several severa up upraises upraises upraises raises from the level some good lead and silver ores which give ghe promises of o making into a permanent body the extreme ends of these up upraises upraises raises being bein about feet apart with ores extending from one to the other and ad still sti going going on in both directions In closing T I will m say a that I be believe believe lieve that the physical ph condition of your property prop is more promising for forthe forthe forthe the ensuing year than for many Inan years Financial Exhibit The financial exhibit asi as a presented by Secretary John ohn Campbell Campbel and given below shows total receipts of with disbursements of leav lear leaving leaving learIng ing a balance on March h 31 of As Ad A explained by the secretary the March payrolls and and other operating expenses had not been paid These be lie stated would not exceed while at the smelter was wa four cars o or of company compan ore and one car of lease leae ore shipped before the te close of the month that would easily net the company over oer 2500 2 OO Thus with every ever cent cen t which the company owed up to the end of March paid the treasury would woul still sun hold a surplus of something ng more than 2100 The he statement submitted by b the secretary tary with wih the explanation explanation explanation tion given was wa as follows Receipts Balance In bank April Apri 3 1005 J 79 Receipt Receipts from sale of ore Receipts from sale saJe of concentrates Receipts Receipt from assessment Xo No 6 1000 Receipts from assessment No 7 Receipts Receipt from assessment No 8 1000 Total receipts u u u u u u Disbursements Disbursements Lumber Machinery 25 Water Vater supply i u Ore Cre sampling Supplies Lobor 10 Lor Wagon freight 1 Surveying w 20 Expense so n 31 5 Coal C l Advertising JT t 50 Interest 73 Assaying I Taxes Ill ran e J T D Smith lesser leaser 36 John ohn Luton Luon leaser Tote Total disbursements Balance Marah Marih 31 1806 2605 Represented nt at the meeting either oIher in person puron or by b proxy were wore of the shares of capital stock tock which was waN all ail voted share for the tho retention of or the old board ai of directors as H follows J E Darmer I 1 M 4 Higley Henry Cohn Conn G S Corner and John ohn Campbell 4 nf Sees See Is S 55 St Vi ViErie U XI P 10 0 Erie prior lien len Do cony con 4 4 10 11 IT Ti T S Steel d Ss SS Do 10 gen Vi b sh 1 f 6 Janan fis 6 Do Deh Doh B 91 1 Do no do o se series West V st TId Md lId 4 t ries TitS W Yo T L E 48 l Do i s ert 92 9 Ws ils s Ont Cent 4 40 Q Do o do sc se aran an s eert ert l ries |