Bisbee daily review., 1909-05-01
MADE BY MANSFIELD 1. Retiring Officer Issues An h. tereSting Statement to
 Stockholders Unbounded Faith in the Prop erty, Though Misfortunes
 Have Been Many

The retiring officers of the Mansfield Mining & Smelling company. which has its mines near Patagonia in Santa Cruz county. have issued the following statement to the $500 stockholders of the company
 When we held our annual meeting fin January, 1908. it was our hope and belief that by the date of the next annual meeting the Mansfield would be on a paying basis; that it is not is no fault of the property. but is due to unfortunate conditions and circum- stances which it was beyond our pow CT to correct or control With the re- port of the January, 1908, meeting was incorporated a report from our gen eral manager stating that all that was now required to put the Mansfield on a dividend paying basis was reduc- tion plant, and by vote of the stock holders at the meeting s100, 100000 in per cent bonds were authorized for the purpose of installing a plant, of which bonds 19.l15.00 were purchased by stockholders.
 At the meeting the following reso- lution was adopted by unanimous vote of all the stock represented in the meeting:
 Be it resolved: That A. B. Rich mond, general manager. be instructed to proceed at once to Denver, to thor oughly investigate and inspect various reduction plants and to secure esti- mates for the immediate erection and installation of a reduction plant, which will handle to the best possible per centage of the values of Mansfield Cres."
 A smelling plant was contracted for and it's erection proceeded with as rapidly as possible. It was our expec- tation that We would be able to start the smelter about Jtne 18th, 1908; but as it was nearing completion We learned that this would be impossible. We found that the expense of construc- ton and installation had exceeded the estimates of the shelter firm and our general manager by about $7,0O0.00 and that there were labor and material bills of about s6, ,OG0.00 due at the prop erty with only small cash balance on hand
 In July, 1908, we made an offering of stock to provide funds to pay the debts. continue the development work and get the shelter in operation. By September 18th the amount offered had been subscribed and good DOT tion of the amount of the subscription paid in and we had every reason to believe that the shelter could be started late in October or early in November.
 Late in September MT. Richmond notified us that a cloudburst had de- stroyed the road between the Black Cap workings of that mine, from which it was expected the ore to supply the smelter would come. Mir. Richmond informed us that it would cost a con siderable sum of money to repair the road and restore the Black Cap work ings, with the possibility of that of instead of repairing the damage to the road and Black Cap mine the balance of the money on hand should be ex- pended in crosscutting north and south from the 350-foot level of the A. c. Sweet shaft, fourteen large veins being within easy working distance from this shaft.
 This work was started in November and discontinued about December 22nd. 1908, as it was seen that the