Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1907-11-23
Homestake Annual Report.

Superintendent Grier of the Home
stake Mining Company has made his
annual report to the president
and directors, and it contains many
items of interest. Following is the re-
port, which, although brief, is to the
point and contains great deal of in
formation:
"Mr. j. B. Haggin, president of the
Homestake Mining company, San
Francisco, Cal
Dear Sir: On the 25th of March.
within the fiscal year ending today
fire was discovered between the 500 and
800 levels of the mine in district where
there is great deal of combustile ma
terial. All other expedients failing to
extinguish the burning timber, flooding
the mine was begun at noon on the 18th
day of April and continuing until mid
night on the 29th of May, when the wa
ter in the mine had a depth of about
| 400 feet, volume of over six hundred
million gallons, with its surface about
eighty feet above the floor of the 800
level. The fire having been submerged,
the water which had been taken to
flood the mine vas returned to the mills.
Unwatering ofthe mine was begun, and
one-half of the capacity of the plant
] 900 stamps) was started on the morning
of the S0th of May on very low grade
ore available from surface openings.
"As the mine is relieved from its wa.
ter contents and underground ore be-
comes available, additional stamps will
be started Nothing serious occurring
to prevent we will have all the stamps
1000 dropping on or about the middle
of July.
"No serious injury to the mine will
result from its flooding, nor from the
fire. Aside from this unfortunate occur
renee, everything about the property is
in good order and condition.
There was no shaft sinking during
the year except at the Ellison, where a
depth Of nearly an additional hundred
feet was attained when the fire stopped
additional progress.
"Our slime plant is practically COM
pleted, and its operation is both success
fu and profitable.
For details Of receipts and disburse.
ments, ore crushed, etc, see report of
secretary, panying this.
Yours truly,
T. j. GRTER, Supt"
Following are some of the items Of
greatest interest taken from the annual |
financial statement Of the secretary of
the company:
During the year ending June !, 1907, |
the entire receipts from all sources
amounted to 81 ,S45,0l3 Ofths amount
$4,54l 096.00 was from bullion.
During the year there were treated in |
the mills of the company l,l64,l77 tons
of ore, which realized an average of
s., ,592 ton.
During the same time there was paid |
out for operating and other expenses a
large amount of money, the greater part
of which was distributed among the peo-
pie and the citizens of Lead OF this !
amount there was paid out 81 ,50S,0G9 3S
for labor alone.
For coal to keep the mines, mills and |
other establishments of the company |
running, there was paid out S73, ,49702.
New machinery to replace that which |
had been worn out or out Of date, be- |
sides to add to the equipments of the |
various plants, costing the sum of $2S7,. |
303 .97, was purchased and installed dur. |
ing the year.
Charged up against the expense ac-
count of the company for the year is the |
cost of constructing the shines plant. |
To build this establishment and equip
it required an expenditure of S305, ,42l.- !
ga
During the year the company contrib.
uted materially to the support of Law
renee county and its institutions, paying
in taxes Sll5,52002
Other expenses of the company for
the same time amounted to So, ,289, ,822 03, |
and of this amount $lS,l6l4l was ex-
pended for the purchase of candles. The
coal and lumber bills of the company
were enormous, amounting to the sum
of Sll3,597 A, while Sl70,S26.f5 10 was ex-
pended for powder.
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