| Show salina 00 ZINC CO N GOOD CONDITION pump will be installed to combat water and continue sinking shaft shaf t in a meeting of the stockholders of the salina lead zinc co held in the salina first ward chapel monday night a decision was reached to immediately raise enough money to install a pump and after conquering the how flow of water incurred at the foot level to continue sinking the shaft to the proposed depths where the ore bodies will be encountered which will be feet and later to feet the stockholders reached these decisions unanimously after listening to an exhaustive report by E F B daude geologist and consulting engineer of the company mr air daude emphasized that his calculations cu about the conditions in the entire areas have proven correct and that he has not the slightest doubt that that rich ore bodies will be encountered at the designated depths even the influx of water tallied with his calculations as it came in only about 75 feet earlier than he h had a d expected and a calculation within feet is a very close one the water flows at about gallons a day which will be easy to control and will vill prove a benefit for later operations at the same time it is a mighty fine indication of encountering the sulphide zone of the as the water contains a great deal of arsenic and sulphur mr daude has explored and studied the entire country thus mineralized erali zed studying nine cross sections between manti and cove mountain and stated that the 23 claims of the company comprising an area of about acres are just on the apex of the mineralized zone he paid high tribute also to tile the work lone done under direction of robert burns president of the company as all of it was done in an efficient and workmanlike manner and all the moneys expended were spent most economically and to the best advantage of the company As to raising the money for purchasing and installing the pump which will require about a suggestion estion was made by one of the stockholders aders that the financing belone bedone by selling another block of stock and mot of the pre present ent agreed to their holdings by one fifth which if lone done by all stockholders hol dars will diore more than provide the amount needed poi foi the pump reports also were submitted by secretary treasurer william J burns and pre president aident robert burns bums all of which were accepted as read the stockholders were especially favorably impressed with the treasurers treasur ers report abo showing ving that the company is in good condition and not burdened with any debts work has been done on the basis b asis of pay as you vou go and there is is not a single bill unpaid the removal of one of the directors of the company and his consequent resignation necessitated the election of a director to fill the vacancy and dr C leo merrill of salina was the man elected to the position the board is now organized as follows robert burns president dr C leo merrill vice president william J burns bums secretary treasurer peter peterson jr and vivian burns bums add additional dional directors the meeting was characterized by bv a spirit of harmony and perfect confidence co n r in the board |
