The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-10-31
Annual Report Of the Boston 4 Nom
tana Copper and Silver
Mining Company.
A New Machine That WIN Revolu-
tionixe Gold Mining Just
Invented


The annual report OF tho boston q MON
tana company for the fiscal year ending
June 80, 1880 il out. and it reveals very
prosperous season for that company.
The total gross receipts a. shown from
the trustees report were 1873 39.79 and
the total operating expenses were $2,0O6.
lO6.21, leaving tho mining profit for that
time 81 .229, s3458. The total dividends de-
clared to stockholders from July. 1883, to
October, 1890, were $1,575,000.
During the year the company's yield of
refined copper was 26,00s.6N pounds and
silver 2S4, 663 ounces, the total value Of re-
ceipts with interest being 1929, $780,
The amount paid ont for labor
and supplies was 81, $50, 4O2.57. Besides the
handsome dividends paid during tho year
tho company redeemed bonds to the
bonded debt to the amount Of 36S, 1929. It
also invested in Great Falls real estate for
the new smelter $151, 652.68. The total a.
sets were 81 800, 699.95; the liabilities, $685.
67O.35.
The report Of Capt. Couch, tho able su-
perintendent, is appended to the trustees
report. During the year year 138, 1888 tons
Of ore were mined, this coming from the
Mountain View, Moose. Pennsylvania, East
and West Colusa and Badger State mines
The Mountain View has been the heaviest
critics in the Summit Valley district. and
Capt. Couch gives the following brie7 but
comprehensive report of its development:
This mine has attained depth Of one
thousand feet plus the stump. The shaft. as
You are aware, is sunk between. the two
veins or lodes. The north vein has been
crosscut at the 800 foot level (this ID the
first level below the surface in which o.e
was encountered), the 600, 700, 800. 500 and
1000 foot levels respectively. The south
vein has been crossout at the 800, 600, 700
and 800 foot levels. On the 500 foot level,
vigorously as mon can do it. The 1000 foot
crosscut will not be driven until the power
drills are put in use. the compressor for
which ID now being put in place.
both these veins, a. exposed In the many
ness from about two feet to upwards of
twenty. They contract and expand az
all assure veins do. The Stopping thus far
done In both the north and south veins, has
been confined mainly to the ground lying
between the 700 and 500 foot levels. Some
very little from the 800 level up toward tho
700; thus leaving the ground from the 700
foot level down to the 1000 practically
whole.
It Will be seen by the statement OF lions
Of Ore Mined that $4,000 tons were extract
cd from this property during the past year.
At this rate Of output We have sufficient ore
exposed TO operate II hye years without fur
thor sinkinR-equal to 10000 tons.'
Supt. Couch speaks most hopefully for
the future. The ore reserves at present OK
more Developments there Is enough
in sight TO insure . continuous
run for tho next five years.
In conclusion Mr.. Couch says: "Of tho
smelling plants, can only say, that they
are kept in ~ good repair as it is possible
for us to keep them, and We have succeeded
in keeping them in continuous operation
since the start. We shall endeavor to do
60 in the future until tho new and more
modern works are ready, when, if required,
We can arrange to recrush the large stock
of tailings we have piled up here. which,
with the second-class dumps Of ore we have,
and some ore from tho mines. will enable
Us to operate either one or both Of our
present plants for long time to come.
1.-The shortage Of water here is q serious
loss to us. Had we sufficient supply all the
tailings would be recrushed and the shines
at present. Our ooncentrators have bare
capacity to keep tho works supplied with
concentrates, aud We have to rush all the
ore through that we can in order to keep run
ming, regardless of the heavy loss in tail
i.,t.s. These, however, az before remarked,
will como later, and the loss 10 only tempo
1--WE begin the year with bright prospects,
and, barring accidents, the end win be
equally a. good AZ that Just closed"