Show INTERNATIONAL GIVES OUT I ANNUAL REPORT Sin C N Net 1 at I of or 51 I 2337 1711 1 i 41 ci I nh 11 is l I J Jull JIl n l of ut II Th The Tho first annual report nf of II tin tilt Inter International national I tl 4 1111 I Iii Jt 0 II I 0 tho tile of the lie mm JJ pony In II December 1908 10 and the tho organ organization or of th Ih the board of lt directors In III Mi 11 I I The first lu 10 W wal was M a ii I contract for tor IIII the 1114 ores orl of ot the Iho Mining coin Tho from the tho United I nIle Metals Helling coni nil all 1 1 of ot tile the stuck stock IOk of or the thu Raritan Cop Copper Co Corr Copp per rr p r Wi Works rk tho Transportation company and tho the New oW Jersey 1111 anti anil by b the th purchase of ot theno thea stocks took tok over ns as u a I going on Jan Jail InI 1 1903 1000 10 the cropper copper refining plant known 01 nc n the Iho Ha r Itin Works at Porth Amboy Amo N J These e hn been 1 and ul lOll o it their NeI capital I I I I k Is II In the ilie treas treasury treasury ury ur of ot your our for tor the tho refining of lt provide n l I sufficient tonnage to tn kop keel the tho plant In till full The Tile results have out rely Iy satisfactory itc tory tor and alI the th earnings tire lire Iro shown In tho the attached ment of t tin Ih for tor or orthe tho the year ending Dec Ic 31 The Valley Vahle a under unior the tho lawn lisas hiI of 01 thu tho State Slat of o Utah to tl build huld n a I railroad frum Crol the th main line of ot the Sail han Los Loit L Angeles Angel ft ft Halt Bait I Ufo railroad near tile the City of ot Tooele In III the tho valley to the smelting plant a a distance of ot Porno BOle seven evon miles mi ea and Ilc thu iha capital stock tock of ot this Ibis company com an bus Ima hUl heun beun Issued to 10 your company an as lB advance have been bee II made lands by your company for or thu tho construction and equipment of the road mud This road line has h been fully tul completed and has hM been beell In operation handling the material and supplies for or the ills con construction Cl of ot the tho works Itt I earnings statement are aro Included In the attached The Tho To expenditures expenditure upon the tha Tooele Plant railroad and lands for tor tho the sine mol tar tor sIte eli during the year amounted to It I Is IB believed this Ihl lii plant will wi begin bc ln to how show satisfactory ut during tho ho latter laUr half halt of ot the year oar 1910 but on In ac tic account I count of ot tho the usual difficulties encountered In the tho early earl operations of or smelt smeltIng lag Ing plants tho the directors do not wish WI to tomake tomake make any an estimate an as I to what thu Ihu proms profits of ot the plant will 1 be l until after utter lt I its construction Is 1 completed and op operations stations havo ho been ben begun and system systematized Atlo MANAGER l REPORTS The general manager says The This plant Is II now nearIng completion omit ami mil will 1 be he rendy ready to operate actively Aug AugI 1 I 1010 1910 Tho Thu plant will wil receive t ore oro from troU the Utah Consolidated cubic cable Uta over v r a a way wa which Is II now constructed und tint ready to operate and has h a capacity of ot 10 tons ton per hour about July Jul 1 1910 The company will wl store tons tOnN of ot otoro ore oro during the month of ot July Jul and an com commence mence menca active smelting operations Aug AlI 1 The firing up of ot the tho furnace l will wi be he done miOns July 15 I Th Thai Income account of ot the International Smelting 4 Refining company anti for tor the year 1109 shows Income Tolls Toll on copper and net nt profits on metals 1 S MI Interest and discount Miscellaneous revenue renu Total Expenditures Ex lr and ad operating cOet 91 General expenses 10 1 21 1 Total 0 til Net Income Deduct dividends 31 S I Thu The company leid two tan dividends of ot IIi I 4 pr per cent Int each loh In 1 and AnI placed Iho took stock on an on 8 per por tr cent crt basle basis bo c ealy early i In 1910 1310 Tho The balance sheet theet h t im as l of ot Deo Dr D 31 1909 1 shows Property mot assets I Deferred aw et Current Total S Capital stock Current 1 r Surplus Total 5 |