Show I ROUND MOUNTAIN IS PAVING PROPOSITION I I Company Has Handsome Reserve Reserve Reserve Re Re- serve After Aftel Paying Dividends I NEW BODY AT FEET Ore Is Mined and Milled at at Total Cost of a Ton The first dividend cn g o tho ho Round Mountain ln Mining company compan was declared yesterday at a a. coUn 11 meeting of or tho the directors at the iho rate rale of oC 4 cents a share hare which means menus a n disbursement of ot 3 i ays aS the Gol Tribune Stockholders olI of I record on June 15 Hj will wUl 1 be beable 0 able to lo have o their theIr checks cashed three u days later There Thero W was s quite quito a Q lengthy length discussion among the directors as ns to tho the size Ize of ot the tho dividend an and at wh what t Intervals uhs it would be but forthcoming it was fin final l I ly concluded to establish a a. quarterly I dividend with a n special dividend l en thrown In If the receipts warranted warrant d. d At yesterdays yesterday's e days day's meeting there were were present J J. J 1 Loftus J J. J R. R Davis ls John JohnS S S. S Cook Cool Louis Gordon and n Harry CIner C. C Mayer Iner the lie full rull d of or directors A report w was s submitted showing that the affairs of uC the comPany were In excellent con condition arid and witha a surplus sur cur plus cash reserve resene that would woul warrant a much larger disbursement but It w was s thought expedient to hold a good strong reserve fund as it Is contemplated m- m plated to m make le extensive improvements arid and n also desirable to acquire other uther ground In the neighborhood Recently the company took over the hol holdings of ot ottlIe the Western estern comp company n and yesterday a I Ithe I Il the property of or the Round Hound Mountain l- l Extension was tal taken on In for a consideration consider consider- clIon atlon said to be This gives I cs the company a compact area ra of oC SO which whIch Is Js likely to tobe be increased Increase huM n The Te mine has had a remarkable history his his- lor tory and an many man stories s have havo been written writ writ- ten about it Il that were not nut strictly true About two years ago the thc camp was discovered and some phenomenally phenomenal phenomenal- Iy ly rich gold ore was found foun on the lie cur sur face Some Seine omo of or the thc ore carried slabs and deposits of or gold on the faces th that t appeared as bright ht and n pure as tho the gold goldin in a coin The Tho discovery attracted wide attention all Il over southern Nevada c and amI there was as quite a a. rush tot for the now camp The limits of or Iho LlIO gold sold bearing zone were restricted however an and the he I boom soon subsided as about all nil of or the ground round of or value alue had hai been neen tu taken en In lii 1 b by Loftus and aud Davis At the me meeting yesterday it II was tSi l tJ tha monthly production J 0 i t l Tt t o ti 1 I Ic Ac f t every cr rl was leaving a. a net of Tile The maui main work work- log InS ng shaft has been sunk sun to a a. a of seo feet teet an and al at this point a u. new hOw ore hotlY body has hiss be been Il entered of or higher grade o than h has s yet jet 1 been encountered In the mine It remains an oxidized ore ore as near icar the tire surface and shows show free gold The Tho report also showed that th the total cost per ton for mining the ore and andUs Us Its treatment was 51 This Includes all the cost in every ry detail All 11 hi that thatis t II is K saved stI I Is by Ly amalgamation and 9 92 pct jei cent of tr tIre the as assay ay value of ot the ie ore ore- Is is saved aved on un tl th plates at jt HI ia a n null mill est coit vi of 1 63 I |