The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1883-06-02
MARTIN WHITE.

Cause OF the Late Collapse In the
StOck-Svveetapple Given a Left
Handed Compliment.
The following letter of j. J.. Scoville, Secre-
tary Of the Mar in White mine, appears In the
New York Mining Record Of May 10th:
SIR.-For the information of the stoekhold-
ers of the Martin White Mining Company. [
ask you to kindly give me a little space once
more in your columns.
In order to show that the disappointment
felt BY stockholders over the NAL amount of
bullion produced during the run Of the mill
is more than shared in by the directors of the
company, the president thereof authorizes me
to say that when. in writing in December, 1881,
the superintendent informed him that he then
had out. stored in the mine, about 100000
worth Of orc and could probably take out
twice as much more with what we have OPEN
ed, the management felt justified in believing
that a foundation stone had been mid upon
which to base the faith of a big yield. Adding
to this base all the reports of rich. very rich
and wonderfully rich ore. discovered during
the next fourteen months, and taking into
consideration the fact that ore to the value of.
<@fVfNVN hoa botu oAiCldltg AopOilou u UGLY
cred to the mill bins and ore dumps, before
the mill star, ed, and as little had been taken
from the mine rs possible, "the ore being left
in the mine to be taken out as needed il is
readily to be seen that the outcome of all this
say sl36,0O0 in silver bnllion. was not only a
bitter, but a Illuminating disappointment to
the management.
Thu fnfal nnpah ar ~ tono unrIod I.~...
the run Of the mill was 2,lI2M of an average
assay value of 81 81. which was worked up
to $50 per cent. of producing sl35 ,319 IA in
base silver bars. The average discount suf-
fered in converting these bars into gold. was
lS.03z per cent. Deducting express and short
age final or mint returnsl on bullion leaves
a net gold value of say sos 900. The cost of
milling this ore was sl9 81 per ton. leaving q
net profit gold Of oyor AZ per cent. of the sill
yer assay value of the ore. amounting to s65.-
000, which, taking into consideration the ehar-
acter Of our ores, known as base, requiring to
be roasted. is a very satisfactory showing.
This profit of $4,000 has been applied to the
reduction OF the indebtedness of ths company
inclrred. as per my letter Of March 9Th pub
Ii he'd in the Record of March oath, 1858. 70
running expenses. supplies, etc., since October
/, 1882. Upon shutting down tho mill and
paying March expenses, the company was
still in debt $4,000. Assessment No. 4 now
pending $4,000 shares being paid on before
delinquent day has cancelled the old indebt-
edness, and will pny expenses Of April, May
aud June.
A new superintendent is now in charge OF
IL. rAs-a -. j. -. 81. 49,.
every condolences and whose statements. as
says, etc., they boliave will hold good. lie
reports the mine as looking very encouraging
ia several places, and about eight tons OF pay
ore are now being taken out daily. The force
employed now consists of twenty miners, two
shifts Of ten men each, two %foremen, two en-
gineers. n carpenter and n blacksmith. U.s.
ing air compressor and power drills. this force
though small. can accomplish a great amount
Of work. The expenses of this company will
be kept within thu INIT Of 5000 por month
and the work will be confined to following the
orc veins, soams and other ore indications
who're they are known to exist, and all dead
work as far as possible will DO avoided. By
carefully carrying out this policy. keeping
out Of debt in the meanwhile. good results
are quite certain to be accomplished. All the
miners are now working in ore, not of very
high grade ut present but liable to improve
any day both in quality and quantity. Large
amounts Of low grade ores are known to ex
ist which at some future day can be made
available, working them by concentration
Our present superintendent is confident that
in following up these low grade ores first class
ores will be exposed which in small quanti-
ties is the case now. j. j. ScoyILLE, Sec.