The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-03-05
REPORT Of DAILY
JUDGE IS OUT
Shareholders Advised of the
Significant Changes in
the Company.
DRAINAGE PLAN Is
MOST IMPORTANT ONE
COmpany's Finances in Good
Shape and Big Campaign
Is Ahead.

Stockholders OF the Daly~Judge Mining
company are in receipt Of the annual re-
port of the company, a report which re-
fleets, without question. the most grati-
tying conditions in the history OF this
Park City producer. The years achieve
ments are handled In a complete man
ner in the following report OF General
Manager G. W. Lambourne:
In directing your attention to the af-
lairs or your company the past fiscal
year ! desire to call attention TO the
financial conditions first.
Theo company began the year with
period with S3i6.215.20. a net gain of
S94, Ii.o5. This Is especially gratifying
Cured Including Sl9,SO3,71 for construc-
ton, and $50, 600 in the ACQUISITION Of the
new draining accommodations.
Surplus Earns Interest.
1T win be noted that the surplus
earned Sla.24S,oe in interest, or within
S2i Of meeting the general and legal cN-
penses and taxes for the year
Negotiations between your company
and the Ontario. Dalv and Daly West
companies we're brought To successful
issue IN June. 1910. by which the DAILY
Judge company acquired full drainage
rights through the Ontario tunnel Tor a
period OF ten years. an extension OF which
period may he secured at the optlon OF
your company. The annual cost for this
privilege is SO. .Ooo. and by the terms OF
the contract three years rental were
paid in advance. II viii not be heces-
sarv hereunder 10 make further pay
ments until November. 1913.
The agreement called for the extension
Of the DaIv West l55o-foo level work
inss and the Ontario drain tunnel TO lhe
Daly-Judee line, The i55c-fooHto Laly !It
West level corresponds to the N 1soo-toot %
been extended from the former to point
opposite our main shaft, Prepara{5,.on'ss rs,
are now under way to sink the shalt 10
The 1000 foot level and make connections
with this drift The Ontario tunnel IS 70
reach the Dalv-JudEe property ABOUT
March l. 1912. and IL eventualh WI. ~ near near
the 25OO-foot level Of YOUR property.
Ideal Drainage Secured,
T cannot impress too positively upon
the directors and stockholders the I'm =
poTtance OF this arrangement. IL a'tortuS 't
The Dalv- Judge mine ideal drainage lacil-
Ities allowing for the first time In the
history OF the property unlimited oppoftu-
mites for development in all directions
and at a comparatively low cost
The DAILY Judge company is the owner
Of los 39S out OF the $4,000 shares OF
stock issued by the Snake Creek Mining
and Tunnel company IN payment nc l1r
tunnel is being driven at a very ss'is.
factory rate of speed. and IL is now about
1000 feet from portal to breast. SeVeral
flssures heavily impregnated WIN IRON
and flow OF water developed varying
in volume from fifty 10 one hundred sal
Ions per minute. very interesting
mineral country lies directly ahead OF the
tunnel
Tunnel in Virgin Soil.
Eventually this tunnel will reach the
extreme back of The Daly-Judge property
az vertical depth OF about 5000 feet.
and at a point fully two miles distant
from the shaft The development posi-
bilities Of the tunnel. therefore. readily
can be appreciate ted.
when these drainage plans are fully
realized tho Dalv-Judge property will
have the benefi: OF one of The most salts
factory systems possible TO secure The
future policy Of mine operation now can
be far more comprehensive than ever be-
fore
"In view OF the past years favorable
disclosures and with the advantages long
needed for reaching deeply into the ore
system OF the mine now assured, ] am
happy 10 state that your company faces
what promises TO be one of the most I'M
portant and gratifying years OF It's his
tory"
The financial statement follows: