Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-07-04

that yearly accounts and balance sheets b,
then made out.
80. That the general manager shall for
ward, at the latest by the 10th of eacl
month, a financial statement, showing tho
estimated profits and the working expenses
for the previous month, the quantity Of
base bullion. both in transit and in stocl
at Eureka, and another statement giving
an approximate estimate of tho cash re.
quirenents, and probable production Of
bullion for the current month, and tina
this information be forwarded monthly to
shareholders.
80. That proper account and register
books, and printed forms for returns and
statistical documents. be prepared and
adopted for every department Of the com
pany's service, and that all be labeled OF
headed, as the case may be, with the title
Of the company.
81. That proper letter copying books
be supplied to each department, in which
all written communications issued there
from are to be. copied and indexed.
80. That a set Of stock books be opened
and kept, showing the quantity of each ar
ticle received, the prices paid, and the APP
preparation Of them to the different de-
partments.
80. That as much of the mining work as
possible be done by contract in preference
to day labor, and that a correct detailed
account be kept Of the dead work done at
the mine.
81. That the original account sales
should in all cases be furnished to the
company.
30. That each month a detailed summary
of all the work done in the mine during the
preceding month be sent in by the mining
captain to the general manager, who will
forward a copy Of it to London.
30. That grand vigilance be used in con-
trolling the labor employed at the mine and
works.
81. That correct accounts be kept of the
number Of tons Of ore hauled from the
mine to the reduction works.
80. That the weekly returns Of The pro-
duct of the reduction works, sent to Lon
don for the information of the s~harehold-
ers, and published in the newspapers,
should in future give the number Of DAYS
run by furnaces, the number of tons Of
ore smelted, and the gross produce there
from in ounces Of gold, ounces of silver
and tons Of lead, valned according to the
market prices ruling at the time at Eu-
reka.
80. That the present fixed standard for
estimating the value Of base bullion, called
the Eureka assay value" which is
20.6, 718 dollars per ounce Of gold, 1-2,929
dollars per ounce OF silver, and 80 dollars
per ton OF lead, and which is misleading
to the shareholders, be abolished, and that
in lieu thereof the estimates be based on
the market value of gold, silver and lead,
ruling at the time at Eureka.
40. That henceforth coke be used with
charcoal for smelling the ores, and that
arrangements be at once made for the
shipment to San Francisco Of a supply of
such English coke as may be found best
suited for the purpose.
Al. That an efficient laboratory, sup
piled with all proper apparatus AMI chemi-
Gals for Analysing and assaying the various
ores and smelling products be established
under the management of an assayer capa-
bic of conducting these processes in every
detail.
Al. That 400 tons of the company's base
bullion be shipped to England, part to be
separated and refined, and part to be sold
las base bullion), in order to test the mar
ket and ascertain whether sales can be
more advantageously made on this side
than in the United States.
43. That the steam engine and boilers
and fire-engine at the reduction works be
at once put in thorough working order.
and that duplicates be kept in stock of
such parts Of machinery as are necessary !;
also, that a duplicate engine lie forthwith
purchased for these works.
Al. That the various suggestions con-
tanned in the body Of this report, especial
ly such as relate to the system OF keeping
accountable marketing and disposal OF
base bullion-the wood ranches, &C., g.,
and which are not specially referred to I'M
der the head Of Recommendations be
considered by the board as early as posi-
BILE, with a view to immediate adoption.
That a meeting OF shareholders be called
within fourteen days from the date of the
issue OF this report to receive and adopt
the anne and to confirm these
dations, or such of them as may be ap-
proved. These are the chief recommends
tons which your committee consider nee
essary to submit for the approval and
adoption Of the shareholders. Matters of
detail must be left with the board, secre-
tary and general manager, who compose
the administration. Your committee are
satisfied that the adoption of these meas
surcs will have the effect Of placing the
management Of your important and valu-
able property on a sound and business-like
footing, and Of arresting the waste, extrav-
agance and disorder that have hitherto
prevailed at Eureka, and made it by-word
and a reproach throughout the United
States.