Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1885-11-06


PRESIDENTS REPORT.
To the Stockholders of the Eureka Con
Mining Company-Gentlemen: Herewith
you will find the report of Superintendent
giving an account Of operations at the mint
and furnaces for the past year. Also
secretary's report, showing receipts and
disbursements, and the financial condition
OF the company October 1. 1885. I deem
IL of great Importance that you should be
informed of the future prospects of this
company. From the experience OF the
mast wear, it is evident that large profits
from the workings above the present water
levels are very improbable. The large
necessary expenses Of the company demand
A more extensive business to make divi-
dends likely. The only proposition that
Ia likely TO bring success TO the company
is to work the lower levels by using the
new shaft. The Inducements favoring
! this are: That the ground above water
| level has yielded more than S22 900 900
and paid the stockholders to the extent of
S4,8f7, 500; that the new shaft and ma
cbinery has cost the company about
$500, 900. and that the comparative cost Of
putting it Ia good working order will be
small; and. further, that, from the report
made by j. s. Curtis for the United States
| Geological Survey on the ore deposits Of
Eureka, we should be fully justified in
prosecuting a diligent search below the
present water level. II refer more par
| ticulsrly to pages Ill to ia of this re-
port.) To put the new shaft. pumps
and hosting works In good working
order. it is estimated by W. r..
| Eckart, @. E., who is now pre-
pairing plans and specifications, that
the cost, allowing for ample time and run
ming expenses TO drain the shaft, will be
about $50, 900. and the requisite time about
six months. 1t is the opinion OF practical
engineers that these changes will control
the water, and il il proves successful the
most difficult portion OF the work will
have been accomplished. To do this work
makes assessing unavoidable (unless the
speiss experiment. now in progress proves
successful Some OF our largest stock
holders have decided that this work should
be done, and / do not hesitate to recon-
mend II. Respectfully submitted.
WIZ. FRIES. President.
sUPERISTEEDENT's REPORT.
To the President and Trustees of the
Eureka Consolidated Mining Company
Gentlemen: During the year ending
September 80. 9,771.1 tons OF smelling
material have been reduced at the COM
pany's furnace, divided as follows:
Ore-Tribute ore from the Gem
pany's mines ""............." osO3 . tons
custom ore 26l8 7 Z"
Company ore extracted by the
Oomp ooo'o
Total Ore 9058.6 tons.
Sundries Furnace bottoms. 49,. 1853 tons
Fiue dust............. sos. 8 "
Scrapings..-........... 4Z.O
Assay once samples.... is
Total Sundries 7l2. 8 tons.
During the year the old stone furnaces
have been torn down, the smelling plant
remodeled aud water.jscket furnaces
erected. These changes have been OF
great value, and have aided in q more
economical method OF smelling. The
furnaces were idle four months and o half
during the year. An experiment is now
being tried to fit 500 tons of speiss for
smelling. There are about sc, 900 o q OF
this material in the dump, the average
assay value OF which is at least S25 per
ton. Iu the mine 5,S45 feet OF drifts have
been run. 1.345 feet OF WINES sunk and
| /, 900 feet OF raises made; o total Of $3.50
feet. This work has been done almost en-
| tirely by tributers. No large bodies OF
ore have been opened. The most i'm
portant Developments which have taken
place have been between the sixth and
seventh levels in the "Bennetts and Null
coy pitch" and between the seventh and
eighth levels in the Williams pitoh;'
both these strikes were made by tributers.
A large portion OF the ore at present being
extracted comes from the Williams pitch.
There are between 10 and so miners trib-
uting in the mine, and prospecting Is being
prosecuted in twenty different places.
AS all this work IL being done above the
water level. aud as that portion OF the
mine has already been cut up by drifts
and crosscuts l cannot say that look for
any very profitable discoveries, though 1
certainly expect to find q good deal OF ore
worth extracting. Nothing has been done
at the new shaft until within the past
month. during which time men have been
employed removing the hydraulic hosting
engine. Very respectfully,
+. ROBBINS. Superintendent.
sE~cRETARY's REPORT.
To the Stockholders Of the Eureka Con-
solidated Mining Company-Gentlemen:
Herewith will be found statements OF re-
ceipts and disbursements, resources anu
liabilities for the year.
RECEIPTS.
10, sos bars, weight 2 1889. 0s4 lbs. base
bullion. .eooo'@oa ~
5000 90
Sales of powder, fuse, caps and
candles by superintendent. 2,sl3 "
Rebates 206 rs
Net amount received from Risdon
Iron Works In full settlement for
all claims. oliooV w
balances
superintendents drafts outstand-
inc 14,s04 20
cash In hands of SUPERINTENDENT. 1913 "a
nue W. q. 1850 90
Rank oyerdraft October 10, 1885,. SO, l91 As
---
SAT-, 71S 81
DISBURSEMENTS.
Smell ting account
Oustom ore, 6,2i3. 222 lbs. $3.50 81
Charcoal, 291 ,3i5 bushels. 66,93i -
I.hor 81, 1859 SO
| Wood, 683 cords........... 4,lo6 on
Salary of assayer and as
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