The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-01-10
NEVADA HILLS IS
OUT WITH REPORT
Law Complied With and the
Shareholders Secure Time
ly Statement.

| In accordance with the laws Of the
| state OF Nevada, the Nevada FILLS Min
| ing company has filed with the attorney
general OF Nevada. the county recorder
and with all stockholders, statement
Of company affairs for the six months
ending November 30 1910. From this
statement is cleaned the fact that the
claims arc patented. on which is equip
ment valued at $4,000, During the
period mentioned total of 7550a days
work was done, at Il cost OF s3l ,9S0.76,
In regard 10 the exchange Of Nevada
Hills stock for that of the Fairvtew
Eagle company. the statement says.
The total number Of shares Of treasury
stock sold, the price thereof per share,
and the total sum OF money or other con-
sideration received therefor during the
six months next preceding the date Of
filing OF the statement herein required
and the number OF shares of treasury
stock remaining unsold at said time:
One hundred and forty-two thousand
six hundred and twenty shares were is
sued out of the treasury, for which the
Nevada Hills Mining company received
S6o, ,d20 shares of the capital stock of the
Fairview Eagle Mining company, There
was also an issue of 10000 shares out
OF the treasury, for which the company
received note executed by the Fairview
Eagle Mining company, due on demand.
in the sum OF s35 900, There was also
placed in the treasury three shares which
were originally issued 10 the lnCOrpOTa-
tors OF the company. A statement OF
the treasury stock is as follows;
Shares in treasury as shown in last
Three shares issued to incorpora-
Increase in capital stock placed in
treasury .,..,......s ,..-,-,...- .2oO.OOO
Total ............ .404, SO
Issued in exchange for Fairview
IdSiS Sloth sl9Z, ,b-u
Issued as consideration Of Fairview
EaSle note ......s..s.....- D.. 10000
Remaining in treasury November
oo' l9lV ...'''......ss.s.' .l9l, 800
iotal ..s,.srssr ..,-,...s..-,. AO4,5IO
The amount of money actually paid by
supcrlntendcnts or to other persons. ex-
elusive Of persons included in subdi-
Visions OF this section. AS salary or COM
pensation for services rendered such cor
pora ton. the nature of said service and
the respective amounts expended for adj
Nertising and as commissions for sale OF
stock during the six months next preced-
ing the filing OF this statement, being
as follows;
Manager ... .......,.s1SO 500 90
Superintendent " . 1870 90
Engineer In charge of mill con-
Bookkeeper at mine .........s,. 1874, 20
Total -......,..,. ..,.......s4,244.9 95
No money expended for advertising or
Tor commissions on selling stock. and no
bullion tax paid.
Secretary {. F, Burton inserts a state
ment for stockholders touching upon the
existing mill and mine plans. which is as
follows.
There is under process Of construction
at the present time. upon your property
at FatrYiews New. a twenty stamp mill
of practically the same type as that OF
the Goldfield Consolidated Mines COM
pany of Goidfield, New, which will have
a capacity OF approximately 100 tons OF
ore per day, This mill will be one of
the most modern of the day, and con-
structed entirely OF concrete and steel
which should render it absolutely fire
proof.
Development work on the property has
been practically stopped awaiting the
completion OF the electric power line to
Fairview: which will be within a very
short while. We have ordered $50 II. P
three compartment shaft immedia tely al
the top OF the millsite. which is between
the old shaft OF the Nevada Hills Mining
company and the Fairview Eagle Mining
has recently acquired, Connections will
be made with this new shaft and the old
one so that the milling ore now blocked
our can be stopped or caved into shoots
where 1t will be raised and automatically
skipped from the new shaft into the ore
bins of the mill. The new shaft will be
rushed to the 650-foot level and the
connections made with the other work
ings by the time the mill is ready for
ton.
h. The cost OF the milling plant and sur
race equipment Is estimated al SITS, 900
we have arranged with John s. Cook
d Co, bankers of Goldfield. New, TO
borrow $50, 600 to complete tho pjant
which should he running on or before
June |. 1911.