Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-11-04


was being enlarged.
The subsequent action of the BoarC
IS well known to the stockholders. Mr.
Whitley was deposed from the BoarC
by Vice-president Ellis, and Mr.. Dick,
son chosen to succeed him; thus giving
those favoring an early dividend the
majority, The dividend was declared
July LIST and paid August LIST, as a com.
promise measure, Mr.. Morris being alb.
sent and the Board being equally
divided. By %consenting to and voting
for a dividend at hat time, | hoped tc
allay all feeling between the Board
members and to promote the welfare OF
the company by avoiding this contro-
versy.
In the foregoing | have refrained
from dealing in personalities, or an
swering charges of a personal nature
mede against me, for the reason that
stand ready at the proper time and
place to defend my character and in
tegrity.
Respectfully submitted,
CHAS. E. KNOX,
President.
Mr.. j. A. Kirby addressed the meet
ing orally as follows:
Mr.. President and stockholders-It
was agreed between Mr.. Gillies and
myself that | should not make any
report, and he being there eleven
months out of the twelve, | thought it
was more his place to make a report
than it was for me, and l agreed to
accept his report.
The only thing that | would probably
differ a little would be on the amount
of ore in sight. l don't think l could
agree to t%hat-only in part, but taking
the amount in sight, and the probable
amount in sight, he would not be much
out of the way. But that | would not
want to say definitely, because | have
only looked the mine over in a casual
way.
In the ensuing year | shall do my
very best with the mine, and if the mine
will justify keeping up the pace laid
down for it, shall do my level best to
do it. ! think | have proven in the
past years that ] am capable of doing
it, and | think that | can do it this time.
If the mine will produce the ore, there
will be no trouble about my getting it
out. hope to make a better record
there than / have ever made before.
That remains to be seen.
ToNoPAH, New, Oct. II, 1905.
To the stockholders of the Montana
Tonopah Mining Company:
GENTLEMEN-As the Annual Report
is just going to publication, l think a
few words relative to development work
in the past two and one-half months
and some of our future plans with refer
ence to Improvements, etc, would be
Of interest to the stockholders.
The mine as a whole is looking fully
as well as at the time | assumed the
management, Aug. /, 1905. While the
smelters, since ! have taken charge,
have increased the smelling charge
from $3.50 to $40 per ton, and have cur
tailed our shipments to thirty tons per
day, we are still able to cover all ex-
pense of mining, do a large amount Of
development work and add a good sur.
plus to the treasury each month.
On October 10th, the new board OF
directors met, when a resolution was
passed appropriating a sum of money
sufficient to install the following
machinery: A new steel-head frame,
sixty feet high, a new hosting engine,
up-to-date and large enough to operate
double-decked cages to depth of fifteen
hundred feet, and new and larger ain
compressors, which will probably be
operated by electricity. This will give
us an equipment which is f~rst-class ir
capacity and efficiency and capable OF
removing a large tonnage of r anc
keeping up all necessary development
work for years to come.
The development or exploration work
for the past two and one-half months
has been prosecuted on all five levels t.
the extent of our present capacity Of
compressor and hoist. Total drifts anC
crosscuts, 1916 feet; raises, 280 feet
We have drilled 1900 feet in thre,
different holes, with a diamond drill
which has given satisfactory and graft
flying results. On the 765 or fifth leve
we have done no stopping on ore chutes.
having concentrated our work to raise,
on vein for air connection and driving
on South and A. B. X. veins. On tn,
600, or fourth level, we are stopping
shipping and milling ore, sinking
Wine on ore and raising from $50, o.
intermediate level, to connect will
Wine. On the 500, or third level, We
are extracting shipping and milling ore
and pushing west drift to connect with