Show statement on beck tunnel according to the report which was submitted at the annual meeting of the back tunnel company hel I 1 at pi fiovo ovo the company operated at a loss of 35 for the ear j just closed altho agh the sum should be cut to 15 65 as over 6 of the dis bur went for and a ground which was pu pur r chased at the hot last anguil geeting ne eting g the company was nery ery heavily i in debt but the directors wore were of the opinion be possible to get along Nit without hout leng aase sm ants management recently came to i the conclusion that in order to wipe out the indebtedness it would be necessary to lany 1 assets assessments ments and the first of these assessments was levied on may loti treasurers report from jane 1 1909 to may 51 31 1910 follows ja ore sales 6 63 53 tons tons 18 55 supplies 5 97 5 18 16 gatei 94 11 accounts payable 71 07 totals 86 8 disbursements accounts payable june 1 1909 jo 0 88 83 wages arf ore freight 3 39 mining property 5 4 00 interests 3 03 general expenses 40 30 41 totals 25 86 accod its pa able at knight in vestment investment co demand ts 8 00 J wm win knight demand 39 0 10 CO GO isaac Chilt 1911 2 00 E E corf man march 1914 2 00 overdraft 19 07 totals 71 5 2 0 07 by unanimous vote of the stoc stock A represented the old board consisting of jesse knight J willid william m knight R E alien amanda M knight william lester mangum was elected to serve seme for the ensuing year and at a subset lent meeting of the board jesse knight was elected president J wm win knight vice president and R E alien allen secretary and treasurer |