Show mm NEVADA HILLS MEETING HELD Usual Quarterly Dividend of Is Posted for Pay Payment Payment Payment ment on Twentieth CAMP TO HAVE RAILROAD MINE HAS FIVE TO SIX MILLIONS S IN I N SIGHT The directors of the Nevada Hills Min Mining MIning ing company posted usual quarterly dividend of 10 cents a share or yes yesterday yesterday es afternoon Books will close on the loth and payment will follow on the In addition to ordering this distri distribution distribution button a matter of far greater import importance Importance importance ance to t the th shareholders shar hOld ts of the company and the thriving camp of and the contiguous territory was finally set settled settled tied when a motion prevailed having for Its object the building of a railroad r from Fallen Falion all on to Fai view a distance of forty two miles The company has the money mone with which to do this work and unless the Southern Pacifier pacifiC company takes hold and pushes Its line Une through without de delay dela delay lay la the Nevada Hills company wm wilt bend every nerve to construct the road and finish it Dp bp on its own account between now no and nd next spring A committee of the directors consisting of W V V Y Rice John T Hodson John A Kirby and W Y H Clark was appointed to handle the whole business and it will get busy bus at once in th maLter of securing ing rights of way making surveys and an getting estimates of construction etc while an engineer to handle the field fieldwork fieldwork fieldwork work will be selected at once A report was made at the meeting by b Superintendent W H W ber in which the magnificent physical condition of the mines was explained and In which the tonnage in sight the ore are sacked and awaiting shipment the costs of trans transportation transportation transportation under present resent conditions any an many other details were fully gone into It was shown that there is today between and worth of ore ex exposed exposed exposed posed in hi the th mines regular workings working and the ground now n w being operated under underlease underlease underlease lease which expires on the first of next month Under present conditions the can c n furnish two t o cars of thirty tons each per day In doing development work alone It costs 16 a ton to move this ore are to the railroad station at Fallon Falion and that means an annual expenditure on wagon haul alone of a year ear white the th total cost Of delivering the ore at atthe atthe atthe the smelters would be approximately a year ear on a little batch of two cars a day This much money will wilt build an electric or steam st am road to camp tamp and It was shown at the meeting that the difference di ference in transportation charges with the line built would return the cost to the company Inside of three years rears As Ion Boon as the lease on that portion of the compans ground now DOW being oper operated operated operated by a leasing company expires a n month hence the th company will take over the th machinery and other equipment equipment of cf of the the leasers and work that portion ground on company compau account |