| Show S SHAREHOLDERS A OL AS f fT T TIlE W WABASH 8 S L CU I President Presents an al In i I Report port at Annual Meeting NEW HEW GROUND ACQUIRED 11 Financial 11 in tidal SI Submitted Old Hoard Board of or Directors lie Ue Some Information was wan made public through the report of ot nt rind and Manager N Tr w k at atthe atthe atthe the annual meeting beefIng of lt this the of oC th ti the lining company hel held yesterday afternoon For Kor mol mote than two 1 It I has hl been beau the pl policy of Ut Ir the management of oC the company to avoid publicity for tor forthe forthe the reason reon that It might def ett nt the plan It I had outlined to for Cut I th the acquisition tion tiun lon of ot l additional territory tenor In inn his hil report k la nays soya Since my la hut t report to the tack holders wo we have hare hRIe acquired by bonds bond and autti allt I leaser uC of I H ISI cree of ot additional ground from COI rota east to west act lIt nearly heady fc feet t In length Th Pbs I oil mel comprise about 3 Jo 31 so o u that the company no now itoi controls about 20 m 0 acres The pur ell chasee lent leases en and 1110 have been hren secured se Ie secured cured on very 1 reasonable terms the co COlt coat t In Ic II n near ur nod we wo hu have ve paid 1111 laI nearly In the development of oC the property we have found live five lve nt veins ells BO so 10 far UI three e ot of them have hale shown more mare or Iss Isa 18 ore For for U 14 I months prior to Jul July 1 our time tints anti and energies were fro de tie devoted e voted to the running of oC a II long bug line of cro crosscut work Ok In a II general south Mouth o southeast direction this no Rev new line lne of ot work is over feet In length Since July 1 I 1905 wt we e have hae directed our work olk to 10 the development nt of ot two of the mo most t promising veIns vein the ore so far tar in these thee IB Is 11 Ier very ery high grad running all 11 the tho way 1 tram front 50 60 ounces to 10 I silver II er 20 to 10 60 11 per ei cent lead tutu and 1111 SluG 1 00 0 to 15 11 per ton tori gold gohl fome tOIe ole or of title this ground will 1 bo be hI sloped later on out Those These veins veIn are Ire chow HIOW log Ins gr great lt lh us 11 the they are BIt ex cx cx poled 1 lint I nave no 1 doubt that valuable able Ible work ore oie bodies will II b be ha found ns us lS th the The Ihie he object of the mann now I Is to the tho mine on oil 01 1 iv a 1 bi I Ial n all al coon 14 Ot r an us tie 11 that object IA Ic ll attained work will wi Ue he pitched hi on old other promisIng vein vellis eln Up Lip to 10 Sept I 1 1002 1303 there had been beon shafts shaft sunk unk ind drifts run approximately fe feet t ui IH A n cod co cont t aggregating luhe thai that time we lIon done I work worl K 60 follows follow t feet ll and ant 11 that t work U Li I designated n a l Keel Feet Drifts Main 1111 sunk unk total depth now not 1101 so g feet JOn fn Double wince HO tO Double BO tO Total The Iti h following shows hows the cent Cat of tho the kinds o of work Cost Coot of ot main shaft fuel feet Coet at t 40 10 0 Cost Coit COt ot or sInz 1 11 r fuel feet et ut itt lt S 1 J iOCO OCO ro COl oat t of ot 60 GO oct foet nt nl 2 O Cot COI Ott of ut Work Vork Total Focal cot of oC 0 k 3 Cot Cost COt of drift feet tell at It 04 Irl Total cost coat of oC work done ilone 00 60 GOM f C t l IU Wa We ire uro on nn nn flU ni 11 about IS m mn 1110 n The rie pia plant lt anti and 1111 machin machinery try cry urn are nil all ni In flit flirt Int class B condition During the punt list 60 Oil da days bo ulta prop property arty erty h hi has n bl n l examined h by two to prom prominent 1101 al mining le tutu Colo Cob Colorado redo rado and the other from hol The Thela They la have made favorable r lort to the Uw bourd loard u of and hac St hat the hit hI baa hM clone lotte dOle nod and have aI almi Ulli our otti plans for thu ito of ut the mInt mine The cover the lie period train from Sept Sctt I 10 to AUK aug Ul 31 1905 1006 In JI the II election 81 lon which hl h followed theold the 11 old board bourd of ot directors wait wal returned H JL consists of ot N llew ek president n and Ind manager John H n Hamas of ot luys le slee pr president AV W V Mont font Ferry Fern and tr treasurer who ho with John JohnM JohnI and William Hatfield M I Dougherty Ju th tM boo bourd Id |
