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Show COLUMBUS -HI. m m big sun Manager Jacobson .Sends Out Statement Along With he Dividend Checks. Tn sending out the checks for the third dividend to the stockholders of tho Columbus Consolidated company, President and Manager Tony Jacob-son Jacob-son incloses a report that is of much interest. This report goes into detail VoRarding- the character of dovolpinent work being dono at Alia, nud what, can be expected from tho Game, and when. . lie also states thai, the company has a credit balance, after ho payment pay-ment of the dividend, of .$00,000 in the treasury. The amount given speaks well for the earnings ot tho company since shipments were started last .June 7. for not until I hat date was the company nblo (o start upon ita onrning season for ihe current j-oar. Aside from accumulating 1 his surplus, and sufficient to meet, the dividend, tho company has had to moot all bills payable, pay-able, and n payroll of something like $11,500 to $12,500 per month. President Presi-dent .liieobson says in tho report: 'Unclosed herewith vou will find u chock in payment of dividend Xo. .1. of twenty cents (20c) per share on tho stock of record .Tulv 5, 1007. Vn hare now in our treasury a credit balance bal-ance of nliuut ,00.000. The reason for there not. boing a much larger balance bal-ance is.. because of the fact that we worn unable lo do any shipping, to speak or, during tho first six months of t.'iis year, but on the 1st of June the tramway over which we are nhip-ping nhip-ping frc-ln Alta. to Tanner's Flat went, into commission, a-td has been since tliat time nnd is now giving excellent sorvieo. The tramway is handling from ;0 to 70 Ions of ore per day. and thero Will bf no trouble whatever in shipping ship-ping all the ore that wc will want to in the future. ' I'vi'vylliiiig at the mine is moving along nicely. In what we call the Oar-field Oar-field winze, which is now down 200 feet, we have coim-ienecd drifting. In drifting to the south on this level wo havo encountered a large bodv of milling mill-ing ore, and there is no doubt but that ns soon as the intersection of the fissure fis-sure and contact Is rcachod u largo body of high grade ore will be opened up. This is oompnrativclv new work and ciight lo prove up wonderfully in the next ninety days. "The No. i shaft, which is tho main working shaft, has boen sunk from tho H00 io the 400-foot level since our last dividend, and wc aro now drifting to catch the ore bodies from this level, which will require about 100 feel of drifting each wav from the shaft. This work should be accomplished within the next thirty days and it will give us an additional 100 feet of stoping between the .'100 and '100-foot levels. In what is called the No. 5 winze, :it a depth of 110 icot, a station was cut, and in drifting back to the vein a body of ore was encountered en-countered which runs lo per cent copper cop-per and from 15 to 20 ounces silver. As yet wc have not crosscut the. ore porn-, aud therefore we arc unable to tell its width, but from its appearance it should prove to be as large as any ore body we have yet found in the ! property. ''Everything in general in and about the mine and mill novcr looked bettor,' and from all appearances wc will be able to make a much better report at the time the next dividend is paid." j |