Show THE FAMOUS ONTARIO MINE I This great property has been a continuous con-tinuous ore producer for nearly thirty years being In thlB respect one of the most remarkable mines In the United States Since that hot day In July 1872 when Herman Buddcn first discovered dis-covered the clippings the ore In Its great I llssurc lofleVhas been followed down level after Jc r el h untildurlngthe past year sliftftNo 3 has reached the vertical i lleptii iff 1700 feet In develop ing thlsimnicnsieloflo wjth Its main and spur veins iis estimated that moro UmntwcnftyittilleB of tuHhels drifts ami orqsscuks have been run The only erlpUB difficulty ever en countered ljivthlft mine was handling tho water In 13 adraln tunnel was completed fdr a distance of 5755 feet to tap the COOjleveJ1 and contcmppvajje ously a maniniotli Cornish puriip was installed capable of raising 2200 gal Ions of water per minute from a depth of 1SOO fcet t But the expenae of pump jug proved so great especially In view of a declining price for silver that an other drain tunnel to tap the 1500 level was decided upon It was begun In Jply 1SSS and l completed as far as shaft No j 2 a distance of 15104 feet In Pctobei 1S34 Subsequently It was con tinned through the Ontario ground and into 1m ground oC the Daly Mining company ltd total length to the On tdo west line is 21710 feet coating to this point neury 700000 The tunnel now carries a flow of water of about COOO gallons p6i minute which In used to develop electrical energy for light tug and other purposes Drainage of the mine IB ample and but little water Jiiu j to be raised HO far on account of tho development of the 1700 level As i greater depth IK obtained In the fu ture t the old equipment of the mine In pumps and machinery will be sufficient for all requlreuents The ore produced 1up to 1SSQ was worked In the regulation amalgamation quarU mill Qiat In the old Mcllenry and Marsac mills which had been leased and afterward In the Ontario mill built in 1S70 which with subse r1 quent additions and machlncrv cost about 5300000 From 1886 the base ores wercvsold to the snielters but the1 On tario mill was run ou slllolous ore with an average yearly alue ranging be tween thirtyfive and fifty ounces In silver per ton but was shut down In 1SD7 when the great depreciation In the price of silver rendered Its further unprofitable JDurlng 1QOO and un til May of this year the irarsac mill was again leased to wprlcpre from the mine and the snrhb mill has been used for three different runs on tailings from the old Ontario mill Beginning May 1st all the ore produced this Y v ar has been shipped to mericanSmeltlng and Refining cpinpany under contract The expenses of both mining find re duction have been continually < luccd from year to year so that ores are now being1 worked that formerly would have been too low grade to handle Inn In-n < l Illoll to the ores carrying higher values in boihl and 11or The total number I of shares in the company Is 150000 of the par value of 100 per share and its stock has ranged In market value from about A to 542 per share There has been produced a gross approximate value of 116000 from which dlvlddndt amounting to 15752500 have been paid era total of SlIY per share Of this 90000 was paid during this year The total production for 1001 approximates approxi-mates 521000 received from smelters for ore and sulphides for about 1220 000 ounces In silver and 13U buncos In gold To produce this required a pay roll averaging at least 2fiO men Until the day of his tI 9010 last April thla property was und < r the manage ment oC B C Chambers who during 1 his thirty years of residence In tiyi line become a part of its htetv ry and had tndeir d himself to thce who I knew him HIS BUCCHftsior IIC l L Rood who has now cOmpleted his tw nt second year of service In Utah and Idaho for the gentlemen repre senting the control of the company F G Drum and Fred CI lkor San Francisco are president anq seoretary respectively E H tlark and JB ITaggin of New York are lcepVeidexit l and treasurer 1 1 S S 1j F 5T4 S I j I Vf sSf rc S r r it rek cs M5 F r < k v I r L L S t tZ 5 t 7 1 S S q i M Syi d Ontario Hine Shaft No3 l i J S d |