Show b bd d C Co Cm m i S S WEST TOLEDO ANNUAL MEET Manager Submits Sub mits Operation Report No o- o change In the present re nt board boad of ot di director dl Il rectors rector wa was wis made made at it th the annual stockholders stockholders' stock hold holders holders' ea meeting of the West ut Toledo Mining Mi III- 11 ning company held thIs held this morning In the Newhouse building It I was wu stated that shares hares out of the shares ban of the company was WI represented at it the meeting The Th meeting of the Co Co- Co- Co lumbus Rexall control of o which was 1 recently taken over ove by A. A P. P who controls the West et Toledo Toldo was called caled at 4 thIs afternoon aft aft- at- at In U the Cearns PresIdent A. A O. O Jacobson stated that there will willbe wil be no change chance in this a official family company Th The following submitted report wa was Ol by y Mr JI r. r Jacobson general genera manager manale an and anti vice f president t of ot f Wed Veat Wet T Toledo to the stockholder k c Sine Since It has been beert possible to resume operations operation the ore ha has t. t been developed northwest and southeast on Ita strike for tor a distance of five eighty feet fet The I bedded deposit dip dips t an angle of 40 0 degree to t the northeast The e fl fissure cutting utting fl e t the e beds bed stands d' d nearly v vertical i and and u t strike le southeast southwest The ThO 1 o a l t s R t i c I I 1 ore re Itself 11 Is better beter than twelve feet et thick and nd is I. what 1 I. I known o as is a of 1 fena lead ead I carrying very high l ha values a In II lead ad with Uh but little silver alver An official of the he United States Statu geological survey suney ha has ha Int ent nt a small specimen to Washington and ha has haa had a request from there for fora a pound ample sample to be exhibited In Inthe Inthe the he government museum with wih the statement state state- ment nent that It Is f a as Line fine a a. a specimen of ot of lead as a. they have ever hadIn hadIn had In In the northwest end a i full ful face of ore or Is la still tl making strong ron and further work here her her will wl no doubt develop It I for a ft much greater grater distance To the east the th ore or has ha bun bean temporarily cut cutI cutoff cutoff off of by a a. wall wal Work however at thIs point may prove this hi to be simply a fault or slip with the ore continuing further In this direction In order to prove Slit Wat the ore oie oie body was not simply a len lens or small mall body an upraise was as put In at the smal northwest end for A tance of ot fifty feet This raise rate was w. w In Inor Inore inore ore or for tor the entire entre distance The ore It Itself Itself IlU It- It I- I self lU I Is as fine and clean clen a u as In any found In itt Inthe of ot the ore the A As A. the continuity bod body above the point x ot If f discovery seemed absolutely sure aure worSt work In the raise was suspended and a 5 drift to cut the ore at It depth was wu undertaken ThIs drift was sent ent out front from what Is known Wi as a the second raise ralo above the tho tunnel level leyel At it At a point In this raise that thai would tap Ito ore on Its Ia dip at a a depth of ot sixty feet te tt the drift was wa started Within fifteen flUen feet teet It opened the ore As Aa the tho strength of the ore body seemed emed o and below well wel determined both above work done In the mine ha hu been with the lie Idea Ide of ot pl the ore on the market In the shortest aborted hortt time possible old This work originally started by the management from from- the Frederick tunnel level has ha been abandond abandoned b by the present present present pres pres- ent management J. I B IMPORTANT T. to Your Tour general manager reported your president Alois I P. P that thai at a point In tile the Rexall Rexal a raise raie had been put up some 41 feet fet that tha from the top of ot this raise rale he believed be be- a drift could rould T e be put In a comparatively com corn ll short distance n to o cut t the west Toledo ore ore- oreon o on Its dip p. p Yo Tour president preel- preel r dent on his hla own Initiative and with hi his hi own personal means mean at once acQuired acquired ac ac- ac- ac t the controlling Interest in the Columbus Rexall property A A. survey urvey since made ha has ha proven that your general gen gen- eral ral manager Is I. probably correct In his hi S ted deductions deduction The raise rale In the Columbus Rexall Real Is what Is II known as I. I the west raise It I 1 is I. about 00 feet fet west wet of the main Colum Colum- bus Rexall bus Rexal tunnel and up U-up to a vertical vertical verti verti- cal height of 46 feet above this tunnel tunnel tun tun- nd nel level By Uy driving a drift from the top raise rale 16 feet to the southwest south south- west wet the contact between bete the white lime and the shale will wi be encountered Thon Then by following the contact contact- to the south a distance of ot feet the fissure that made mad the or above should bould be en en- en countered cO This r would give Ive a depth of feet below the point of discovery and over f feet et of backs In ore As Aa the ore body where here discovered I is I. makIne making making mak mak- ing Ine strong trone In every direction there would seem em but little doubt dO bt but that atwould it at would be again picked up at this thin point As l this work would mean a comparatively comparatively small amal expenditure In both time and nd mol money your management has haa adopted adopt adopt- ed this method of opening your our mine Tour Your general manager has baa been In Instructed instructed In- In and nd has ha already entered Into a ft contract with the tile Rexall Columbus end and Ind the mines mine mine for tor the use ue of this raise rale and and the tte tunnels that give your yourI company access for of its I. I I ores Vork Work ii ha already commenced at this point and It Is lb the belief bele of ot your our I management that within n a I comparatively comparatively phort hort hort pICe of ot time West Vest Toledo or ore will wil b bl placed on the market maket I through the workings of ot the Columbus- Columbus Re al DEPOSIT I IThe JU H. The work ork through the Columbus Columbus- i feature Jt ft will has hal an added good vl 1 develop entirely new and decidedly territory In West Vet Toledo promising ground something not to be thought lightly of The work will 1 be pushed as Il rapidly as iS po 1111 No further fur fur- ther thought or effort efort will wil be expended until this thie ore bod body ha hu baa b been en n encountered on It dip Your Ia management wishes to congratulate stockholders stockholder on the splendid showIng show show- how Ing od ing-od of your our mine It I I la Is hi Otis II belief that thai I the present showing of ot ore Ofa will wi develop delop Into one of those thole great bonanzas that In Ir I earlier erler day days of mining Irea In Utah made midi the camp ump of Alta Alia Ala Your manager man man- tiger ager who was warn a connected with wih the ol old l I If Iler Columbus u Consolidated ed now a part t 01 of r d f the Wasatch Mines company o t has baa no hesitancy In making the statement that he h. believes the ore showing In the West Vest Toledo similar Imla to 10 what hl was wan Wll kno known n as at atthe the No 3 t depolt of that company During Dur Dur- inc ing a period when your manager was wa connected with wih the Columbus Columbu Consolidated Conold Conol- Conol Consoli dated d the No 3 deposit produced In a short abort spar space pt of o time over It ItI I I it II hi his bl belief that no nn ore bod body of the sam magnitude and values value has ha been opened In the tho th camp amp of ot Alta AUa In recent years year year The distance to which this ore will 1 make remain to be he proven Your Tour management management man man- ha has ba Implicit faith and confidence conS conS- conf dance dence that one toe of the great mints mines of the state tat will wl be made here hee It I will 11 work with that end nd In view Let vs us I hope that th lbs tha future will wil pro prove It is Ii confidence and anti faith well 1 founded d. d The financial submitted b by I lit Mr Ir Jacobson Jacobe show chow howl that the company has hi no outstanding obligations obligation excepting except ink ing 20 du due u the ike Frederick tunnel pea pea- peo 1 pl pie pi t on an Sn In old ol bill bi for rental of ot the tho th prop prop- prop 1 leo erty ety of which use lisa hl b ben been en paid I I GOTEn I y by J. J A. A H 1 A C Co I IUd BId I Asked Aked Se 41 71 1 so 10 sodo do 47 41 I 4 15 1 45 1500 Ry Itt In n 42 44 4 do o 0 01 H A 8 0 Its t U S 57 44 I Ido I do small U mal 47 do do 6 86 97 h t j 71 7 1 cuban h Ci 29 ig 90 t St do 2 U 94 I lap Jap Is I 07 4 01 10 92 A N norway do r. r 04 4 OS 2 M 4 I Paris ao li I 55 0 Os 6 f l a 74 it 40 74 I do 11 h 5 07 01 1 41 II 4 U I do 5 34 US |