Show MV A w f ar y THE ANCHOR ANNUAL I 1 arld or ike JAW rn tri jef fillig of lit ilter riby to t W b ilith lat mil tact bilk fil owl wed tb the anchor oat one at of debt the lr group aad ad ir lie molt at As per announcement in ln THE REC OKD ORD tl ti 4 stockholders ct of the ui anchor mining company held their regulate annual meeting wednesday afternoon of toll this week at the company a obbe la in park city shares lure of 01 the took out of the being torte tented the tb meeting was i called to t ord c by president I 1 smith with assist ant secretary wetter scott at t his hi deik desk the art business acted noted upon was the report of 0 general Mat matlager iager keith a document which went into late minute detail details Q 0 the work dooe done in the da cb lb aur ing the t put past year the member of feet 0 of t drift drifts inclines dinzes and find raise run and the tb can ec thereof the number or 0 ton tons of 01 grit first and econ delai delass ore or toped concentrated kill and told sold what it coit cost to mine ft is and od tile ti amount for or which it W WM sold the moon report wai wait quite lengthy thy and howd showed the th affair affairs of th eu panf to in be la to excellent ob taape A synopsis lyn of atthe the li to given below Q GUNIL RUNt it has beell the policy polly of the tb management I 1 la 0 0 order to clear the company of u debt to d do 0 I 1 0 more dir do work or prospecting during the put past year thao has ben been necessary to keep at t abo th work of 0 extracting ore ab ibia policy hu has boen steadily p with U remit it of clearing tl ti a company from debt arid lh th work performed ni as development and conilio feet or of rallies and dutes il and feet of 0 drifts all 11 II of which was I 1 eced sary in tit order to jo 10 lo tha the work of ore extraction ilithe in to but little otlie rao to rt hobt port except tile th toping at t MS 1808 3 10 cubic I 1 from which wai was extracted ol 01 0 drat class ore erth tons of second clau class ore the mill bait worked in a verr very lalli sails factory mari during the year with few stop laites tor for repair and nd hm hits been improved improve e by the addition of two jilce which WM wait found necessary in order to improve the output 1 1 he h company hiu hall lent sent to market ore as follow follows 22 M pounds consist log tog of 5 0 pounds of tint first dass liu ore ind and 16 10 66 1 0 iuds of concentrated ore this ore contained W 3 came ounce a ill loll ter yet ounce ounces gad go a and nd pound pounds of lead and old sold for an average urlce price of 73 per ton for it a first clai class ore sod 23 2344 it for tha the concentrate concentrates making total proceed proceeds curit or the year on account of at ore balei 63 it coit cost to man mine the hrat alva ore 1715 15 per ton while the ui concentrated ore averaged ill at t er or tn ton jv ilie he end and of the lb decal year oct 1 1893 ghe wed the company a notes it ing ln amounted to 59 23 60 69 bet bea del des aa c cruel interest inte reit an ope e recount I 1 debt to estate of jobu john L wo wood 0 d a of 2 2000 and find IQ la the only 44 I 1 ibe he end of of this roar year oct 1 1894 ohros i alt all and debt debts paid ali interest a purchase of 0 worth of mining property fully paid for no debt debts against the company and a 11 1 8 ir if plus tiu to a the treasury of 16 29 the mine at this time boks oa its well AN last ludwar wear cut out owing owan to small amount of development work done no sure pro diction can be mastt made w to its it IF it ire with tile th company clear of debt and rth th Us a to worn wor nitta f hwn bon that the work doi dot a the comlus year will so 10 develop the property that we can me more r a fully determine aa as to it t a future life lite oth bitne mine which from favorable indication indications in im the ground I 1 think looks tory very promising prom liln A few unimportant chi charge in the by law laws were made relating to the time aill place of meetings of the board of director sod od after a thorough discus ion of the proper tys lt condition aad and prospects pc for the future the old board of directors WM ill re to clotted to a follows francis smith and F A nims of lifus kiu michigan E T F oi oa coda eoda michigan ratty E R myers of new NOW york blemard of salt lake david keith and D C tit M laughlin of park parkutti city I 1 bartl it ad ml of Cli Cla feland veland otilo otto and samuel 0 tewksbury of at detroit michigan the new now board of direct director will hold a meeting at either chicago or detroit in the near future and elect officers and the only change things likely to be made wilt will be in the campt stan of tl it a exco tin live committee tie tte writer aided asked president dett smith concerning the bucior that a dividend would probably bo be declared arid and wua was told that that was wa a matler matter ic cc ely el with in tie the bandi hands of the bord bor d of directors and what action it wo ild tike take wai was yet let unknown wi its hie the aochoa a 1 million wai wag to fun fort ih hal keep I 1 rk city in and starve the atol he thought it hardly possible that tie II 11 0 old routine work be deviated from at it least not dot at present mr ur smith hai has strong hopes that the wrong done silver will yet be righted and when it is the th anchor will soon oon get got luto into line a regular dividend payer ANCHOR 1 arrangements I 1 are ar bem completed between the archor bid aid palt dail abat ett cam parties whereby connection will be made bit tie author chaft and the lower working of the dalr daly in order to accomplish that work the anchor abaft shaft will hr have to be lunk sunk between fifty and sixty feet leeper thin than it now Is 1 and as tl 11 ere Is I 1 anif like fret feet of water I 1 in a it tie a bottom of the shaft considerable roneld wable pumping pum abill baie have to be done before the work of I 1 linking inking can call earn mince the object of the connection Is I 1 to give the oily daly A M cot it a free circulation of at sir air something wilh it Is 1 now sory in need of and without which develop development met t of its it ore bodies cannot be to adran tag tags unless a 4 heavy expense li is incurred by placing special machinery to ex ei hut tl 8 bad air A 1 l d arl ft A fale circulation manager lIar uKel duly dail if Is now pow driving a drift an on hia lil ore body the far of which li 14 19 th ai hor att tid wilch will un reach tte tie adill of bonnee tion before the ant shift li Is completed to the ailred der r h t A orange feature in tl a two pit IS I 1 that A hll bile tl 11 0 anchor A richer haft shaft Is I 1 a ltha i it I 1 n A few tre fee f the tie vein b inc worked la in LI 11 0 italy baly wo writ st the shaft tent alne frit fett of water wilh the drift being run ly by sir paly daly is I 1 compa clively dry surveys 1 I 1 looking to an early completion aton of c the connection will ill be made by hw tho anchor epla as I 1 oon sonn A possible eten the j 11 a tion to I 1 formed one on ill be b able tn to enter the th ontario clovel WO drain tin tat tot ail bear beat the ontario will mill and mat make a continuous ns passage to the anchor baft alln away A stated last week both properties lei ire are looking extremely I 1 I 1 veil ell and nil are able ate to find ore whenever it li I 1 wanted and who wherever rever it Is I 1 looked for TUB BILLS webb LU barly last spring work will wis wn com fenced on the dolberg croup of claim claims 1 han 11 0 9 jilt just abote above the and duly daly W wet 0 3 t ground bring under the dey of L N smith th the instructions given inn mr amith was to develop the property through th I 1 old shaft it 1 the water would permit it 1 not to follow tl own well tl 0 water proved to he be trouble ome come and the round ground was a worked through a tunnel developments being prosecuted vigorously when kiy day rr milel rived no money wai was forthcoming and after much work wu was finall finally abandoned and the mine which Is I 1 a good wf one clod closed down lt Last week II 11 of 0 chicago one of 0 the tits heity heavy ownen owner came to bait lake to look after the th property prop rrt and od settle ule up its frain affair and bunday lut last he h and nd ku su tit balth arrived in lit park rk city alith ith them th lual sual parsimonious spirit of the average estern capitalist mr trent unde a proportion to with th the boys boy irot ha pati on mr wr smith ef turiNI ft a vigorous however and said the roen men hwn money they should save every dollar ot at tt it even if he ard to attie acu u the property to get it after a 1 fated tested debate in which mr smith cain come off ant first belt best treat yielded and on alonzay Mon ditT through thi pint first national bank of park city and after blo hie trouble to complete coa pleta identification treat drew an his isit salt lak lake deposit dp olt mid fettled tie ti e comi any no a obligations for tot the of 0 the men but refined refused to py pay h smith for tat hie hl time and labor li it banging tin tile corn cam paul i a affa altalo irv at 11 d for materials furnished 1 I 1 hate have f cured secured forth tor the men their money aad said mr ilir smith tn in speak ing writer con finif tit T treat rv litis actions and now I 1 propose to get t my OBI oar even if it I 1 be bar to resort to the court courts un on thursday mr bralts c coin oat merced suit ir the he third district court to re remover over 1560 am 27 17 froni from robert linn et at whom trat treat represents CAMP manager the amstock mine paid oil off the emp employed ernol loye oyei of that property this week at lent me 10 one of the boy boys working there li it formed the he writer the shaft on the cogan group Is I 1 now down IOD feet and work Is I 1 being bring crowd e ed d A team steam hoist holst Is t now being plat laced ed tu in position with which to ork ark the property undoubtedly con bains the woodside Woo ditda vein and will prore prove a bonanza to in the near future I 1 be he balver ling company ha has a tory very large force of men at work on ibe the pipe line it Is I 1 contracting from shadow V lake to the spring near tt it a crescent fre cerit water tank whence it obtains isal isala hi a r aupp IT the company expects to coati lete the line and have ri y rg in hip ibana within two areka from the date upon which the work wai was corn cam me d taa 3 1 the bait salt like ill of f th li coi cot tain a lengthy article artiel to tile th effe effect at that until it C chambers and richard hack mack the well known campli il it mill nin man have purchased the hild aldai 10 and I 1 bucky boy la in creek cou country atry tor for 50 WO the tra to be made la in bait salt lake to today day the ore arm the property to thorough tests made by the purchaser purchasers yield yields la in gold old per too tati besides carry ing n considerable bismuth a metal worth per ton toil the property ti to a real bonanza T a crescent company hm has adopted the policy ot of or 01 9 e or two of the big bl properties pra pertle in the southern louth frn mining dis trials ati at i lii to parceling parcell nir oat out a larie large portion of its it holdings holdi ox in small leaie leases four haan been made to date the 1 at t at 01 P e made 1 M L lintton embraces en brace ill the and levels of the th Vre scent proper mr lit jil dilliston liston li Is now laying la lit supplies for tha the winter ai it d ta to prosecute cute attire developments during clurin the winter morill i a what ore ha he takes be stored in the mine until art apri 11 when it will be sent down over ever tha the tramway and it dipped OBB oils ANU AND balt loaf following Fullow ln li Is the ore or at laments from tram the mackintosh ampler sampler for the present week 1 anchor concentrate ud silver hing duly went west 1 2 A wo concentrate concentrates total pounds i i 4 1 CM |