The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-03-01
TO STOCKHOLDERS
KIM. MINING COMPANY SENDS
OUT LETTER CONCERNING
FRS PROPERTIES

80
Ito the Stockholders OF the X N. Min.
Ing Co:
We are forwarding You under ssepar-
ate cover copy Of or late market
Review which takes mp the matter OF
Developments IN the KIM. Co. M tel
time Of Issue Of Review; 2.15:o7, the
substance Of which in nutshell IS
that ths ore IN the Metha vein has i'm.
proved TO 10000 and $4,000 per ton,
which returns were secured at depth
OF 20 feet; that the Metha mine Is
being developed day and night; and
that By the time roads open up in
spring. superintendent reports com.
4 pany viii have ore in quantities that
win permit Of substantial and uninter.
rupted ore shipments heneeforth.
Operations on the Monopole Tunnel
ARE progressing steadily, and the rich
vein driven for. the one that produced
at another point in the property. &C.
cording to former owners. s1oo ore.
is now within distance Of 80 to as
feet at o mailman, reports supt.
schenek. You recall that when the
company took hold Of the property.
the vein was figured to be IS feet
distance at a maximum.
The company is In good condition.
Finances are strong, funds available
will defray cost of operations for sew.
teral months ahead, at present scale.
II You remember the long time con.
tracts We're withdrawn from the mar
ket, and now subscriptions are accept.
ed. only for cash. or 20 per cent
monthly, is the maximum on time
contracts. In few cases we made ex.
ceptions and accepted the 10 monthly
payment contracts, from stockholders.
However, we would do as much for
any stockholier upon request at this
time. One Of the directors Of the
company informed me day before yes.
terday that he now favored the price
OF stock being advanced to 371hci
promptly. While we will frankly say
that We are not in favor OF doing this
at present time. yet, we must grant
that the stock is subject to advance
In price without notice, and that
should the directors pass resolutions
advancing the price, It looks as
though OR wishes would be swept
away. So we wish It plainly under.
stood her by all Of our stockholders
that those contemplating buying add.
tfouai at Csc had better act quickly
and make sure of getting stock de-
sired. I
We quote extracts from supt.
sehenck's last report regarding Matha
operations. 'Metha assays are Ger.
tainty fine. I sent you today two tests
at 72 feet depth of s72.oo and $4,000,
gold and silver. The latter is about
$4,000 ore frozen tight to it. 1 sent
YOU samples to-day. You will note
from the weight that very little bulk
will make ton. l am sorry to repeat
that shipping is impossible now. Snow
is S to 10 feet deep in the timber,
constantly drifting, and utterly i'm.
passabfe for horses. think by the
time We can haul ore, We will have
enough to create sensation, and
boom things right. viii get best pos.
sibie terms for hauling and treatment
and II we build mill, q fine sight is |
available. have staken exteytion
i, Of Metha to the west, and IL there is |
any vacant ground east, will get 1t,
Remarks about selling stock noted. l |
would lfge TO interest some of my
friends, and will take this up later. !!
can show the Metha at any time. I
think it would satisfy any engineey.
right now. but Will probably show up
better after some drifting is done, 1t
| is going to make mine sure. got a
bill introduced in the legislature, ap.
proprfating $4,000 for a wagon road
from Yankee TO Towland, via Elk
Park and the Mofratt road people
denver N. w. & Pacific R. RI push
ing It, It viii help US.
MENTZER C CO.
4 q