Bisbee daily review., 1904-03-13

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 The first annual report of the Lucky Tiger-Combination Gold Mining ccm- pany, for the year 1908. was received yesterday at The Daily Review office, and it must be said that it is one in which the stockholders will have diff culty in finding fault. The report covers the operations of the company from the time it commenced develop ing its property to the first of the present year, and from start to finish every department and subject is treated in an exhaustive manner. giv- ing every detail and all figures neces- sary for the holders of shares in the company, and others interested. to de termine exact conditions as to the company's finances, as well as at the mines.
 The report is lengthy enc, and The Review is permitted. on account of lack of space, to present in today's issue only the report of the president, B. F. Graham, but on Tuesday will again devote space to a summary of
 dditional information contained in the well prepared and carefully ar ranged pamphlet The report of President Graham follows;
 Douglas, Ariz., Feb. 27, 1904. To the Stockholders of the Lucky ri
 ger-Combination Gold Mining Co:
 In submitting this, it's first annual report. the management desires not only to describe the transformation of I crude prospect into a producing and self-sustaining roipe. but also to dem onstrate to each individual stockhold- er the absolute, intrinsic value of his holdings and to impress him with the what is commonly known as the Tigre mine.
 In order to accomplish the desired result the management has seen fit 70 eTnploy experts tc. examine the several departments, and their reports. ap- pended herewith, are presented as un- biased opinions from disinterested  sources of recognized authority.
 The exhibit of the balance sheet and the cost per foot for the work done compares more than favorably with results attained under similar condi- tions in other districts, notwithstand- ing the usual difficulties encoun- tered and the unavoidable delays incl dent to the operation of an infant min ing enterprise carried on at distance rom railroad transportation and from its principal base of supplies.
 At first the burro train was cur only carrier; tools, implements and sup plies were brought in over thirty miles of mountain trails. in some places al most impossible. But reads and trails are now completed over which passengers may ride in safety and comfort by stage or carriage, and over which teamsters may deliver heavy machinery to the site of it's operation.
 Small supplies and merchandise for the store are still delivered by burro train, because of the smaller cost of such transportation incident to cheap labor, slow delivery and the grade of the roadway.
 Scarcely more than nine months have elapsed since the organization Of the company, March 18th, 1903. and formal possession was taken of the Tigre mine on March 20th.
 Little or comparatively no develop ment work had been done. The first two months found the management handicapped from want of men to per form even the commonest labor. The month of May, 1903. had arrived before work of a really substantial nature had begun.
 Tn the Tigre mine the mineral bearing lefge or vein extends longi- tudinally through the property for a distance of over two miles. For sake of convenience the ground has been divided into four sections; beginning at the north end (see profle) they are named successively as follows: Con- bination, Section One, Secticn Two and Section Three.
 From March goth to December 31st. 1903. 5.004 feet, in the way Of tunnels, winzes and shafts, of development work has been cone Large bodies Of high grade milling ore and shipping ore have been exposed, the estimated value of which is more than one and a half million collars. Of the ore taken out in the course of development. about one ton in each fifteen has run more than $100 per ton, and from this ere alone shipments have been made returning in the aggregate more than s2S,000. Still remaining on the dumps are thousands of tons of milling ore which will average about $40 per ton
 On our property we have a happy combination of natural products; since we have not only the ore, but a plen- Continued on Page Seven.)