Show uncle sam officers are oal out with report 0 mine contains lot of low grade lead silver ore which ought to yield profit under existing conditions 0 uncle sam consolidated company bas has just issued a report for or the four years ending june 1 1922 which shows receipts ol 01 20 77 02 and disbursements of 20 80 73 72 leaving 30 cash in the treasury an assessment ol 01 one cent a share has been levied due duo july and delinquent august ath the report Is signed by G 11 dern vice prest dent due to vacancy in the office of 0 the president through the death of 0 john dern receipts tor for the period from ore sales were 10 35 from tana of ore assessments assessment 3 and d 4 o 0 upa piled 8 of reo receipts a and jd sal sale 6 ot 0 G shares of treasury trea ry stock brought 68 90 ma machinery anery was sold tor for 15 11 included 13 85 or mine ex pense pease including lea leasers r 8 earnings general expense 3 01 6 and bat 1 aries arles 3 0 67 tho the report says nn annual meet ing haa has been held for several year years for want of a quorum production consisted of 15 lots of silver lead gold ore shipped by lessees lessels les sees on which the company netted 3 84 42 last shipment was made july 1919 lessees did some bome further work after that date and in some cases the corn com pany contributed part of the pros pecking expense considerable pro pecking of mineralized fissures wae was done without finding pay ore bodies in january 1921 the mine waa was shut down in preference to assessing the stock desultory leasing attempt attempts have been made since then without production according to the report the company still has aromi ing territory worthy ot of prospecting but high grade ore exposures ar are not sufficient to encourage leasers lessors salaries were discontinued when the mine was shut down present eat et pease are nominal consisting main ly of taxes and 25 a month tor for of abst mouth flee fice r rent e at and secretarial I 1 at services lease on dumps and slope fining filling and low grade mill ore in mine that was granted griggs hulsh leasing company was abandoned after a mill had been fitted up by the lea less ers which did not prove profitable the report states that there ie Is co considerable sid erable tonnage of low grade in old slopes which it is believed can call 1107 be shipped at a profit although some sone dead work will have to be dome done so as to mine economically economical lr the directors are considering deop enan ening the mine to ship this ore and to carry on contemporaneous pro pecking tor for high grade ore the company haa has no debts it U IA I 1 capitalized for shares ot of which are in tho the treasury leaving 7 SO shares outstanding lair |