The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-09-15
REPORT ON MINERAL FARM

N4dHdxS1 JdqulSn OeSCf1OeS Excellent
Progress Made in Two Years.
Manager Louis Jaquish of the Mineral Farm company has
forwarded the following satisfactory report of the
the property since under the present June
1908 together with financial showing receipts and
expenditure during that period
September T. 1910
To The Stockholders:
The annual stockholders meeting held at the Office of the
company at Mulan ldaho the 9Th inst OF the 1872 1892
shares OF the issued stock there and
proxy 64O OO shares constituting majority for quorum
Owing to the light attendance meeting no business was
transacted aside from the election of directors ensuing
year. and the presentation of the managers report
The old board consisting of Dan McQuarre R. Beck and
Dr. G. ELLIS, Of Mssoula, Montana NJ McEugh and c. D.
Miller Of Mullan Idaho Dr. M Robert Wedner Of Dolton Il
nos. and Louis G. Jaquish of Spokane was reelected
At the conclusion of the election outline managers
report was presented with the understanding that should i'm
medaey be reduced writing and filed with the secretary also
that Of should be mailed to each sckhoder also
that It should include financial statement.
The board of directors Immediately after the stock
holders meeting and elected the following officers President
Dar McQuarrie vcepresden M Ntzhugh,
D. Miller Louis c. Jaquish assistant secretary
treasurer j. Wilcox. cashier First National Bank Muan
The managers report follows
To the Officers and Stockholders of the Mineral Farm Mining
Company, Limited:
As stockholders meeting was held last year. for lack of
this report will cover the period from the
of operations under the administration June 28 1908
September 1st 1910 twentysx months In considering this
the property had been destroyed by fire. ao that at that time
there outstanding bills payable the $5 as
shown in the accompanying financial statement.
Beginning with practically bare ground in June 1908 the
following Improvements have been placed property
Blacksmith shop Gasoline storage shed
Powder magazine Foreman's house
Timber shed Corrugated roof over fire up.
Shed over dump track raise from tunnel No. 8
Engine house Reservoir and water system
In addition to complete equipment for hand work, h. p
gasoline engine installed several months ago operate
ventilating fan to furnish good air to the miners
Following statement Of the amount of work done from
June 18th, 1908 to September LIST, 1910:
Crosscut Tunnel No. was driven distance of 1445 feet
croscutng the main of the mnerazed This tunnel
SKI feet the clear and mbered throughout An upaise
made fire protection at point 20 feet from the portal
tunnel In of fire in the buildings the portal this door
will close automatically, acting barrier to the resulting
smoke while the uprase affords ventilation for the in the
tunnel. and easy means Of exit.
The tunnel two stringers of $50 feet and the
second 1850 feet from the portal The second strnger
drift because afforded depth than the
Drift No. has been driven to the distance of AS feet
snge holding in the drift for distance of approximate
ly 125 feet.
total Of ITS feet of prosecuting has been done from drift
No. the principal reaching the first srnger of
in the main tunnel indicating that this snger probably
continuous from the main tunnel about 225 feet.
The total amount Of underground work done from June 28
1908 September st 1870 is 205 feet including the 3foot
upraise above referred to-.
In addition the above development work six claims
have been located and added the group and the tunnel
work has been done separately three OF the new claims
that situated that the development work in Tunnel No.
could be credited them The of the location of these
claims and the annual work will be found in the
financial statement
The following statement of receipts and disbursements
for the preceding twenty.sx months:
RECEIPTS.
Assessments No. to No. Z to September l. $26032S7
Over.paymsnt Assessment No. !, (refunded) 1901
Sale Of old ore car 15OO|l
6ver.payment AssessmentN No. 2 (refunded) 30Ol
Refund, machinery account. 4&
Cost advertising delinquent stock recovered at saes
$26,26A
DISBURSEMENTS
Labor Account tunnel drift and crosscuts $146106O