Show AT SILVER CITY The Swansea Continues Its Record of Production and Dividends The season at Silver Citv has been characterized by steady work at tho older propositions and while many 01 the youngsters wee bottled up and put under the cure of watchmen this was clue more lo inipecunlosity among the owners than to any demerit upon the part of tho ground In addition to the Swanseas that have long been the I star propositions that portion ot i the Tinllc dlglrlcl light < onHlgnments I I were received at long Intervals from I I the Pic Nic Silver Park West Morning Glory Rabbits Foot and Sunday but even these succumbed drew their fires I and are walling until provision Is made for further development THE SWANSEA I led the column and from 11172 tons of ore marketed during the year derive 3i > 5r > 95 ounces of silver and 7S8CII I pounds of lead of a gross value of S26001354 From this dividends amounting to 70000 were paid thus Increasing the total distributed by the I I company to 271500 while the new year opens with the next posted for I I payment on January 10th The development I devel-opment during WOO consisted of GOO feet of work divided between drifts inzes etc Wilhjbe wine from the I I 850foot level the work on the foundation founda-tion has been put to a deuth ot lOW feet and connect with the openings at Unit point the shaft will be continued con-tinued down the present year It was while going down with the wjnzc that the management experienced a most 1 I singular change In the character ot time ore the sulphides passing out like the I I snuffing of a candle while In their stead appeared an ultracarbonate The only explanation volunteered by the cxnerts before whom the transformation transfor-mation was spread was that the workings work-ings were probably approaching a fissure fis-sure through which the air had passed with the conseQuent oxidation > of the I sulphides The winze was still In carbonate car-bonate oro when It passed out of the vein at a depth of 150 feet below the level At 200 feet however a crosscut I will be run bact to IL The intelligent and the economical manner In which I the affairs of the Swansea have been I managed has made it an exemplary I I proposition and the assurances for the future are as bright as any offered in the past While the mine Is in tho porphyry which has made Itself so repugnant re-pugnant to a certain element the vein Is as continuous as any yet open d up in Tlntlc district and Its development at great depth will be followed with keenest Interest by the student MaJ George P llolman continues to serve the company as president Theron I Geddes as treasurer and general manager man-ager and S O Snyder as secretary I THE SOUTH SWANSEA Clinched with a neighbor on an issue Involving title to certain portions of the vein by which the region Is traversed trav-ersed the South Swansea marketed but 3G4S tons of ore during 1900 although al-though from this there was obtained at the smeller lC147 ounces of silver I 0647G4 pounds of lead and 23D ounces I of gold of the value orSl 07043 The litigation resulted in driving the company I com-pany from the columns of dividend I payers after it had distrlhuted 126000 and not since September 1SIJ has it I passed around a pleee of bread money The ndw shaft which was begun in May 19 was sank to a depth of 700 I fet during the past year and levels run to the vein as far as CfiO feet It is said that while 3518 tons of ore wero marketed during the year but very little lit-tle sloping was done and that the management man-agement Is prepared to double the output out-put whenever It Is directed Although no knowledge is had of the amount of money In the treasury It Is said that a dividend could be passed around I without embarrasslmr It I Hone Wheeler who has directed developments develop-ments on the property has It in excellent excel-lent shape and everything is being I most economically handled The Alaska J i I Although the year at the Alaska was devoted almost entirely to development I work In the prosecution of this the management hoisted and marketed 1 about 150 tons of ore that ran well up I In copper silver and gold and which netted the company about 25 per ton In addition to this there was raised and Is now on the dump as much as 2000 tons ot milling ore the intention of the company at this time being to sink the shaft 20 feet deeper and to open up the vein from the 550 and C50 levels In early days tho Alaskas ground was productive of considerable consider-able Aery high grade ore It contains two Avclldetined chutes of orcabout GOO feet apart and to work these the shaft is now down to a depth of iSO feet ElI El-I Talbot is in charge of the mine and is confident of making an active producer pro-ducer of it The Picnic After a campaign that commanded the admiration of every miner In the district the company operating the Picnic Pic-nic at Sliver City found It necessary to suspend work during the year Although some ores of good quality had been encountered It could never be said of them that they occurred in a body The vein was encountered but It lacked the values down to levels to which the companys operations were carried but at greater depth the reward re-ward may come The Silver Pork Upon this proposition which started out under the most favorable auspices and backed by some very wealthy talent work was suspended In April last and an assessment of 2 ccnta a share or 3000 with which to clean up the liabilities called for The company had previously marketed a small amount of silver and lend ore which netted It 20 per ton and AVtlrk will very likely be resumed the present season sea-son Tho Four Aces At this Silver City preposition the campaign in 1900 was a very ronmirvu live one and while over 200 tons of ore AVCIV marketed the lots were en tIn t-In at long Intervals With an action against the South Swansea In which extra lateral rights nrc claimed by the Four Aces Its management has boon l devoting the time largely preparing for the conllltl and until that In I finally arbitrated devclopmcMUK will eon ti mm ito on a ronNcrvatlve scale r The Old Susan tpoti ibis properly steady work has also progressed during tho year The tunnel I now over 1200 feet into the zone connected with the vein upon which drifting was begun and In which small amounts ofore of very good quality were encountered The management feels very much encouraged over the outlook at the property i and development develop-ment wllj be Industriously continued the presont year |