The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1910-11-19
RICHMoND-EUREM Statement
President Fries Issues Report to
Stockholders Regarding Condi-
ton OF the Property

The following report Of Albert Fries.
president Of the Richmond Eureka Min.
Ing Company. shows what the companv
has accomplished in the past five years.
present conditions. and its prospects
when the Eureka and Palisade Railway
resumes operation.
It's gratifying to learn from this re.
port that the rebuilding Of the E. and p.
railway at an early date seems probable
New York, Nov. 9, 1910.
Dear Sir
Since the organization of this COM
pany, much has been accomplished. All
details necessary for the acquisition of
the Eureka Consolidated and Richmond
Companies. as well as for the transfer
and conveyance Of their property to this
company, have been perfected, and both
properties have been put 10 good con.
dition.
Shafts have been re.timbered, old
drifts cleaned out, and the best ma.
chinery and pumps. to carry on extensive
mining operations according to the most
improved and up-to-date methods. have
been installed.
Several buildings to house the COM
pany's men, as well as for offices, etc ,
have been built. and a railroad spur to
the company's mines at Ruby Hill has
been constructed.
Unfortunately the Eureka g. Pslisade
Railway service for several years was
entirely inadequate. This caused the
company considerable loss of time and
money, as the railway moved only
about so tons a day, while we were
DESTROYS Of shipping $50 to 200 IONS a
day.
From January l, 1908, to July 8. 1908,
operations were entirely suspended,
owing to the compulsory closing down
oil the Salt Lake smelters. due to the
farmers complaints about the smoke
nuisance. For several months since
then. your compeny operated at a profit.
paying off all debts incurred during the
enforced idleness, and at present has a
surplus, notwithstanding ths lengthy
shutdown since the foods in the latter
part Of Februsry. 1910, when several
miles OF the Eureka g. Palisade Rail-
way were washed away. and owing to
various complications have not yet been
rebuilt. At present. however. there
seems to be some hope Of an early re-
sumption Of traffic.
To accomplish the results shown, nine
hundred thousand 5000. 00o) dollars
were expended during the past FIVE
years.
At the present time, besides having
several years supply of ore above the
water level. you have an A 1 plant
ready to start on q large scale as o o
az the railroad is put in order. This
work should not take more than 60 to
90 days time. Also, there are now
considerable mining supplies. as well
as a large amount of lumber on hand.
Submitted herewith you will find the
report to January. 1908. of Mr.. Albert
f. Holden. who was your General
Manager. as well as General Manager
of the United States Smelling. Rein.
ing & Mining Company.
There is every reason to believe that
your property (which in the upper
levels yielded over s7o.o0o.0 900 during a
few years. will. when pumped out. and
the shaft sunk only a few hundred
feet, prove again to be one OF the great
est mines in the country, as il wal
when operated upward Of twenty-five
years ago.
The voting trust Of the stock of the
company having expired, you are re-
spectfully requested to endorse your
voting trust certificates lin the presence
OF witness) and for ward them to MIR.
AiOtTt u. Coiiku1hus h"heioA oson'
Broadway, New York. who will ex-
change them for temporary stock certi-
ficates.
With the certificates, kindly send
the names in which the new shares
should be issued. II these names be
different than at present held. payment
Of stock tranfer tax at the rate OF 20
cents per hundred shares to the order
Of the company, should accompany the
certificates.
Iu each instance state the denomina-
ton Of the certificates desired.
Yours very truly,
RICHMOND-EUREKA MINING W.
By ALBERT FRIES,