Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1891-01-31
THE RICHMOND COMPANY.
Annual Meeting OF the ~sbsrehoid
ere In London.

80
The Richmond Company held its an
nusl meeting in London, Jan. 3. In the
absence Of Chairman Hopkins the Hon.
Randolph Stewart presided. As is usual
with English companies the Chairman
made quite a lengthy speech. Some OF
his remarks are OF interest on this side
Of the water. He congratulated the
company on the dismissal Of the timber
suits. He was especially severe on the
Government and the attorneys who in
stituted them, characterizing the pro-
| ceedings as RECKLESS and disgraceful.
| A letter from Mr.. Probert was read by
the speaker, saying that the B~ullwhacker
had ore on the 400-foot level pitching to.
wards the Williamsburg ground. The
new Williamsburg shaft was down 200
feet and drifting would at q
further depth of 200 feet. 1t is only
100 feet to the ore in the Bullwhacker.
| The speaker said not much was being
done in the Richmond mine. A few
| tributers were at work and the ore got
ten out by them was shipped and sold,
there not being enough Of it to run the
c~ompsny's reduction works. The mine
is not looking well, but there are still
hopes Of new ore bodies being discov-
cred. The last big find was made in
1881 and q drift had been run within
two feet of it two years previously. The
point OF greatest local interest is what
the Chairman had TO say about the Rich.
mond joining the Eureka Con. to pump
the water out Of Ruby Hill. 1t seems
that the whole matter has been left to
Mr.. Probert. This is what the speaker
said ON the subject: 1.-THE Eureka Con.
Company and ourselves are down some
thing like 1850 feet in the mines and
we have come upon the water level.
They have requested us to take common
action with the view OF pumping the
water out and exploring these levels. i
think it would be as well if we did not
say much at preseat on the subject, be-
cause it is in the hands Of Mr.. Probert,
and any remarks we might make here
might initiate against our successful ac-
tion in the matter"
~ Jul hRPCai NhO 1aChCA
words OF the Chairman, and especially
from the last sentence, that the Rich
mond Company is now in favor of tax
ing the water out and going deeper IN
Ruby Hill. We hope the arrangement
will soon be made. Ii the W great
mines are to have o future they must
pump and sink.
The following statement had been pre-.
pared in advance by the directors for
submission to the meeting of s~harehold-
ers and sufficiently explains itself:
The report Of the directors OF the
Richmond Con. Mining Company Linn
itedl, to be submitted to the s~harehold-
ers at the ordinary general meeting to be
held on the Both inst, states that ii will
be in the recollection OF the s~harehold-
ers that at previous general meetings it
has been determined not to publish any
statements of accounts or reports OF the
proceedings OF the company so long as
the timber suits brought by the United
States Government against the Rich
mond Company in December, 1883. were
pending. The suits having been dis
missed last month, the directors now
submit a statement OF accounts and bal
anoe sheet for the year ending Feb. 2S,
1889, and one for the year ending Feb.
2S, 1890. With regard to these timber
suits, information has from time to time
been forwarded to the shareholders.
aud a copy of q telegram announcing
their dismissal-which vas received on
Nov. 8 last-was forwarded to each
shareholder immediately. The accounts
for the year ending Feb. 2S, 1889, show
that 1904 tons Of Richmond ore, 4,l54
tons OF purchased ore, and 529 tons OF
hue dust and accretions, making 3 total
Of 7,747 tons, were smelted, yielding
3,773 ounces of gold, les, 304 ounces Of
silver, and 92l tons Of lead. The value
Of this bullion at Eureka was f49. 1874;
a23. 54s was paid for purchased ore, and
GOA, 9SS for mining, smelling. renewals,
repairs, and other expenses; leaving
a mining profit Of only 81, LOG las. Sd.
for the year.