Eureka Reporter | 1909-12-03 | Page 1 | East Tintic Development Mine Section

east tintic gintic development mine this weel week the secretary of the east tintic gintic develop nent co sant out a detailed statement of the receipts and d ebur for the two eara ears end ing october 19 9 accompanying thi report on the company s finances was vas the report of supt bupt R al kel logg outlining the work which had been accomplished at the property during the past year mr air kellogg s report la is most complete and find gi gnes es the shareholders an opportunity of learn ing just I 1 loa 0 carefully the comp mys mine is be ng handled the disbursements from april let 1st 1907 to november let 1st 1909 amounted to 45 94 and the receipts for the same period were 42 48 leaving an overdraft of 2 45 on november let it must be remembered that it has onla aa been during the few months that the mine has been ship birg regularly and that ex expensive machinery and equipment has been purchased and paid for the ore I 1 which is now being shipped is bring ing much more money than is feces sary to meet the current expenses and the company will commence to build up a reserve fund earla in the new 3 ear