Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-01-19
FLORENCE MINING COMPANY.

St. PauFs Silver Bricks-Annual Meeting
of the Company, Amendment of bylaw
and Election of Officers.
A company of st. Paul men whose names
| mostly appear in the list of officers appear
ing below, as readers of the GLOBE already
know, are owners of valuable mining proper.
ty in the Black Hills, which they are de
veloping with great success and profitable
returns. The property which gives the COM
psny its name, the Florence lode, is located
in the Bear Butte mining districts, about ten
miles from Deadwood, the main works at
which consist of tunnel extending eight
hundred feet horizontally into the noun
tain from the original discovery stake; a
and fifty from the mouth of the
ranging from twenty to fifty feet in length,
most of which have been continuously
through pay ore. Besides the Florence
lode, the company owns also five placer
claims on Bear Butte creek, one mill site,
one water right and twenty-stamp mill.
Water is brought to the stamp mill from
the right owned by the company through a
covered sluiceway, over half q mile in
length. The engine for the stamp mill was
manufactured at the Atlas engine works, of
Indianapolis. 1t is of POO horse power, and
is said to be the finest engine in the Black
Hills.
At the annual meeting of the stockholders,
held at the Office of the company, in this
city, Saturday afternoon, the capital stock of
the company was increased from $1,000 to
100000. This increase is for more rapidly
developing the mine and adding to the size
and capacity of the stamp mill.
THE REPORTS
of the president and secretary showed
most satisfactory condition of the company.
The mill is in good working order and is
running night and day On ore brought di-
rectly from the mine. The mine itself is
being rapidly developed, and, during the
past few weeks, some new leads have been
discovered, branching off from the main
tunnel, which give promise of being as rich,
if not richer, than the main vein which has
heretofore been followed.
The election of officers Saturday followed
the adoption of amendments to the bylaws
which were agreed upon at an informal
meeting of the stockholders held Thursday
last. The amended bylaws vest the gen.
ersl management of the company's affairs in
board of nine directors to be elected an
nually, which board may provide and en-
ploy such other officers as it may deem ad
visable. The board is to cause a monthly
report to be made, showing as near as may
be the amount of ore taken out and the
amount milled since the last preceding re-
port. The board may further appoint an
executive committee with it's full prowers as
to executive matters, and elects q president,
vice president, secretary and treasurer.
THE OFFICERS ELECTED
for the ensuing year Saturday ere as fol-
lows:
Directors-C. w. Carpenter, Robert A.
Smith, D. A. Monfort, N. w. Kittson,
Charles Eaton. w. r. Merriam, j. NJ.
Gilman, G. S. Uiine and J. K. Humphrey.
President-C. w. Carpenter.
Vice Presdent-R. A. Smith.
Secretary-D. Monfort.
Treasurer-Wm. Dawson.
Executive Committee A. Smith,
Charles Eaton and G. S. Uline.
F. The company has its office at No. % East
Third street, where the products of its mine
have in part been stown for months past by
frequent exhibitions of silver bricks, as
formed at The mill,