Rogue River courier. (Grants Pass, Or.) 1886-1927, 1908-09-04
GILMAN DIRECTORS
HOLD A MEETING
President Gilman States Machine
Will Be In Operation
About Sept. Fl.

Board of Directors of the Gilman Bed
Rock Mining Company was held at
the Office OF the company Thursday.
August 27th, the following directors
being present: L. F. Gilman. K. f.
Weudoyer, A. E. Voorhies, Fl. l..
Herzlnger and J. NJ. Harlow; absent
C. G. Clark. The minutes OF the
previous meeting were read and ap-
proved.
President Gilman reported on the
progress of the work at Galice. There
are twenty men now at WORK.
the steel for the big machine is all on
the ground and is being assembled as
fast as possible.
1t is expected that initial operations
will commence on Monday, September
21st. The stage of water in the river
is lower now than it has been for
number of ears past and the machine
will go into operation under the most
favorable conditions. There were
large number of stockholders in attend
ance at the meeting aud Mr.. Gilman
suggested the idea of putting in a wing
dam Just below the point where the
machine is to start work. A wing dam
at this point is made possible at this
time owing to the extreme low stage
of the water and he would be able to
dry about 60, 900 feet of .urface at an
estimated extra expense of about $3.50,
and after considerable discussion in
which the stockholders themselves
were allowed to participate, the opin-
ion of each one present was obtained
and showed a unanimous vote in favor
of putting in the dam, provided it
wonld not in any way retard the work
of getting the machine into operation.
1t was therefore decided to go ahead
with the wing dam. which will be
completed by Saturday, September 8.
and, inasmuch as the machine will
also be in operation during the present
month, it is expected by some of the
more ethusiastic that it will be posi-
BILE to pay a dividend at the next
meeting. which will be held on the
last Thursday in October.
The report of the secretary. was in
the nature of report of receipts aud
expenditures since the company was
Incorporated on March Goth. up to the
date of the meeting, and showed prac.
ticslly all bills against the company
have been met and that the company
will be able to go into actual operation
without owing one dollar. There were
$500 shares of stock unsold, which will
probably be disposed Of before Septem-
Der 9th, after which time no stock will
be available. The proceeds from the
sale of this stock will amply meet
alloutstanding debts and an offer was
made by one of the stockholders pres
ent to take up all the stock which re-
mained unsold on Setebmer 9th at the
present price of the stock-25 cents
per share. There will. however, re-
main in the treasury 10,0 shares OF
stock which is to draw dividend the
same as the stock which is issued, the
surplus on which is to be used to build
further machines for operation in
Rogue river, and it is expected that
at least six machines will be in opera.
tion inside of the next eleven months,
]. NJ. Harlow was elected vice pres.
ident of the company and the meeting
adjourned after quite a nubmer resent
had increased their subscriptions.
X +. WENDOVER, Secretary.
! Malleahle Steel ranges sold On easy