Show I I REPORT oi Of S lVER IS SENT The he Horn Morn Sliver Silver Mining company compau ha has Issued Issue a report covering co operations from January 1 to July Jub 1 1 1913 1013 The statement state slate ment mont of President Jacob Needle endle and the thc financial report follows The company compan has hal increased Its Is available avaIls avaIls- l a ble bla cash assets h by tile the tle sum of This increase would have been larger b by bythe the sum of about OOOO If It 11 it I were vere not for fOT the fact act that your mana management was called caled upon to expend In r re Xe- Xe I pairs palts pair to to the mine mal mainly In order 10 to tomake make mak It safe Info for tor or its Is employees l. l In addi oddi- addition lion tion ton to those these repairs It was T necessary ar to construct a n new e escape shaft and otherwise otherwise otherwise other other- wise to properly protect the old eld working shaft and the various levels level This work Is 1 still Under tinder a way and It Is hoped will wi b bI be completed in the near future Meanwhile tIme the board boord of ot directors consider It I fair rai to themselves to state stale that the time theer er very Jar large largs expenditures which the they ha have e hail had har to tomake tomake make for repairs to the tho mine have necessitated by tIme the condition In which they found the mine maine when the they assumed The market prices of zinc and Ind lend are still at a aery very ery low level Ie le Since the tIme annexed annexed an an- nl- nl financial statement statement was prepared a afire afire 1 fire fre occurred destroying the store and Is Its contents The pro property rt so o destroyed was covered cred co In the time maximum amount of or In Insurance insurance In- In companies with will uranCe accepted b by the time the result resul that the JO loss has b been n nery very ery S small m ma Ii I. I Receipts and Disbursements The following Is a statement of oJ the receipts anti and disbursements covering cohering the same period RECEIPTS Bal Balance ICe as per annual annual re report ort New lew York ork er Mine account 1 7 O Aft nn Balance of or sales of ot m ore ne 1912 1 rim Vom m sa sales les of ort ores ores- Lead and sliver silver ore are ton tons 3 i Zinc ore tons i Sla Slag ore tons Settlement of claim against Tintic Smelting Co Transferred from store storo account account ac ac- ac count to mine account Interest on balance Commercial Commer Commer- ca cial 1 Trust rusl company compan Total iO PA PAYMENTS Current Curent accounts Dec 1912 Cost Coat Cot of or mining and handling ore oro Repairs to shaft haft cross crots cuts and machinery machinery ma ma- chinery and construction con con- of escape escape- shaft Dc OS ft ft f. f 1 J 6 66 46 Less decrease of ot stock supplies since January JanuarY 1 1 1 1913 13 66 i Alexander Alexandor property taxes etc 2 Executive salaries Salaries consulting en engineer and manager Nov No 1 I 1912 to ul July i 1913 s Stationery postage telegrams tele tale grams etc eta ftc Directors Directors' DIrector f fees ea i 2000 Rent lent New York e New w York taxes r r s.-r. s. r. r r. 1 1810 Legal services In In west 1912 I and disbursements Commercial Trust First National bank unclaimed d dl 30 Peoples People's Trust Truit Co unclaimed div dh Desert National bank Total TotAl STORE OPERATIONS JANUARY 1 1 1913 TO JULY 1 I 1913 Balance as asper asper asper per annual report Pet Petty cash cashon on ha hand nl 2686 Receipts Sales HOl Interest discount Rent Remit Accounts Disbursements receivable 5 Cost ost of merchandise Store expense 1629 Taxes Insurance Freight L' L Transferred to mine account v Accounts p payable a ble Cash on hand in bank s Customers' Customers deposits Tho The officers and md directors of ot the company cor- cor com pJ pan pany are as s follows Jacob president president dent dont and treasurer Alexander B. B Simonds vice Ice president Howard F. F Emmet secretary secre tary Harvey N. N Wadham William B. B n Britton Briton Charles Charie Brenneman Hyrum Irm S. S Young William llam J. J Barrette Barete Edward ard B. B n Critchlow Benjamin B. B Lawrence 18 Is consulting con con- suIting sulIng engineer manager and William II 11 I. I Hen |