| Show AL ALLO LO MAMMOTH file The Annual Meetings Held Yes Yesterday Yesterday cs Afternoon Passed Off Quite Harmoniously JAMES CHIPMAN WAS RETIRED From Board BO ml of Directors of the For Former Former mer iner Simon Bamberger W S Mc McCornick McCornick Ic Cornick and II H Park Elected The annual meetings of oC the Butler Liberal and und Lower Mammoth Mining companies paused passed oft ott harmoniously yen Yell In 11 both Instances resulted In the election lIce lion of ot strong boards of oC directors The ral stock stockholders stockholders holders selected the tho following board Loard A L I Jacobs C N M I J Jl Friedman l L Ii r U Colbath Joseph Oeo Geo M W tV H CunninghAm amid H II Barnett The members met soon snort afterward and organized For I or president A L II I Jacobs as selected vice president C N Strevell treasurer M 1 I J Friedman l und mind W tY r P 1 Lynn sec lC rotary Mr Ir Jacobs was also chosen chason general Tho statement tho the net receipts during the tIme past six front from time the sale of ot or royalties to bo ho The disbursements di burB Including ing 1612 4 12 for the purchase of oC if ground and a it 2600 2100 amounted to JH 14 and the cash cush on hand Is 5 The report of at Manager Jacobs made mado madelie the lie following exhibit Tho The present preB nl management took of oC the limp th consolidated without any an money in the treas trens treasury ury UT Ur and anil u it fair amount of or oro ore was In sight the thc ore bodies bodIce laid had to he be up Ui by drifts crosscuts and rals 9 i In Its order to handle the same as lIa economically as possible taking Into consideration con the th very ery er flat lint vein which h curries carries the mineral mineraI Tho Time total production of or ore from July 1 I 1901 1003 to Jan JAil 1 1904 1001 amounted to 1674 1574 tons of oC dry first class cluss ore or Tho Time nr t class oro Ore netted or nn till average of o slUg 18 per ver ton tho the sec see second second ond oral class or milling ore netted or an un average Iora of ot per jor ton toll making a 1 grand total ot of net nel receipts for Cor oro ore marketed d during six months amounting to In explanation It Is necessary to state that the above litres are Aro net af at hauling milling freight and smelting melting charges and also Ilao und and assay assayIng asSa Ing Thero There Is at present about SO 80 tons tona of ot first class ore oro at the to bo he sot set settled tied tlell for tor anti and about tons of oC second class clans or milling ore oro IP in II he lie bin The Tho Liberal wound was prospected by feet teel of oC drifting through tho time But Butler Buther ler her tun l opening up tip the bedded vein In that claim which n a former ronner manage e merit ment failed to accomplish through the time Liberal tunnel having followed a 0 lIs flo sure vein eln A raise ralso of 65 feet te l was also alK driven to till tap time the ore hotly body above Time Tho Th east or sv c r main thrift drift In Jien lint ler her ground proper WISH WIlH extended feet teet anti and a n crosscut of ot feet t t was waB run Mill from there therl to Intercept the bedded hedded vein win work was wn ma dons done by II contract No 2 raise was extended 40 feet Other amounting to feet nH done In different parts palts of or the mine In order to open opel up liP the tho ore bodies burlle below our present working tho the board boord of ot directors decided to start a new heW tun tunnel tunnel nel nd nt at a lower elevation but hut to push this It was 1111 deemed expedient to acquire the tJi Fourth of March claim which Will purchased for or 1500 That nw IW tunnel will drain all nil our present drifts and give us UM a 1 great grent deal doil of stop atop Ing imig lu ground exposing large bodies bathes of CoPper which lire are known to exist In that country nt mit depth This Is l by II competent and experienced mining engineers to ho bo the lie cheapest and amid most effective plan to r OUt OUI w veins below bolow the water vater level l vl The Tho oro ore bearing bedded vein being very flat Onto could coal not nt bo be 11 pros prospected er by I n II vertical shaft time the hoisting hol of oC waste and ores or f Limo 11 well tell wel its as IH the pump jag ing In of or water wlter costing coding co more moore than tho the low sulphide ores area of oC camp would warrant warrant Till Tilli Tl IWEn MAMMOTH Financially I Lower Mam Mammoth or moth did thu not end the year eAr with as tin fat a ma I batik bank account ni n the did While the tite lineal year ar cloned with vitla lh a n lial alice ance of ot In the treasury the cur current curr rent remit r nt expenses for tor or the time month of ot Decem her ber not nt been mot met FO so In II fat fact a Q deficit exists to 10 time the amount of oC about to n a 1 statement made mado I by Cord Time The year began with wih n u balance bila of 62 but then an as now host tho bills his for Co the last month ot or the year hod not nOI been iteen paid A feature of ot the meeting was tas tho limo re me of ot and General mind W 3 8 from tho the board of oC directors and ni th the substitution t of oC Bomber nor gee Ir and W H A Mc Solon Holon Spiro was vas WR bv by Hugh Tim Tho now hoard board consists of oC f tho tilt following Simon Hamburger John lohn Bern W H 14 I Mc M nick A C Kills litis Jr II 1 0 O 1 McMillan and mutt Hugh Ju h Park A meeting faceting le will wi bo h b heM hell within n a few tew days for tho Ito purpose o oot of ot organization I n front from tho limo stile sale MIl of ot ores omes Ot dur during inn ing the year vear amounted to fM r this Hum and nad Die tle on Oi hand at n t time the beginning ot of flie ho the IC year making to 10 tAl 17 11 The Time disburse mentA were divided Into four clauses at as al follows Mine ln account oro ore ne mae count e expenses V 2 ra h nn an Oi hand h 11 11 making tho tit total Time Tho ore or from fromn th has mino during the Ihl year to 23 pound which sold PIM for tor 38 31 There hero were ore also the tho year 1621 Gf I M 61 till pounds of oC or from train the which deducting ri for tor or net netted nt netted ted time tho in the tIme crumb crude ore oro Ahll 11 out omit of ot the maine 1110 anti and front from time 11 dumi there M 01 ounces minces of n silver ounceS of gold rul Hm of oC local lend mind lrI pounds of IC cop COI copper copper per In II addition the excess ISI of ot trait Iron over In 11 hit HIP oro ore sold brought the time Of or renditions conditions at nt limo tho property it t Is IA Mid that thAI loth both time the llOrt 1100 10 nail 1200 levels 1011 I nrc Irl looking very ver well There U Is a ii I lot hot lotof of ot low lore 10 orn oo or In sight In Iho tue mine anti not n a 1 little It first elmuss About Abolt 40 much men lel are employed d |
