Deming graphic. (Deming, N.M.) 1903-1948, 1912-05-17

Huuitionai thets fekdruink Tue
substantial nature Of an investment
in the Bi-Metalic Mining and Milling
Company, of this city. was brought
before the Board of Directors by
the president of the company, upon
receipt of the assay certificates from
systematic sampling Of the latest
workings of the Midnight claim, and
an advance report by the consulting
engineer, Mr.. c. N. Anthony. who
at the request of the officials of the
company. visited the property on
the 9th and 2sth of April, the as
say results from II samples of the
milling grade from the Midnight
tunnels, and cross-cuts giving an av-
erage of $lO.s0 per ton.
A meeting of the board was held
at the Bank Hotel Monday evening,
the full board being present, the
members of which are, Alfred
Strum, Thos. G. Aitken, Willard +.
Holt, Edward +. Foulks and Her.
bert E. Green, all of Deming.
After formal opening of the meet
ing by the president. the following
important business was transacted
First: The engineers advance re.
port was read by the secretary, and
was of a character that would indi.
cate the mining properties of the
company to be very valuable, some
10 to 80 thousand tons of surface
milling ore being practically in sight,
ranging from 81 to $40 per ton.
Second: The board was strength.
ened by the election of an addition.
al member, Mr.. Geo. W. Letter.
Third: That officers and agents
who are to handle the company's
monies be placed under bonds.
Fourth: Messrs. Strum and Ait.
ken were elected a committee to So.
cure larger office quarters for com
pany. In addition to the above res.
olutions were offered, the gist being
as follows:
First: In order that the com.
pany and the public might be better
benefited by knowing the condition
of the company's finances and the
annual report, it was decided to
have the same given out in printed
form.
Second: In order that the presi-
dent and manager might devote his
time to the office and financial af.
fairs of the company it was decided
to employ competent foreman at
the mine who will promptly carry
out the engineers and managers in
ltructions in the development of the
Third: In as much as some of the
who have recently been
elected to the board have never ex-
amined the property in person, it
was decided to arrange for such Il
trip for the board as body at once.
his in order to enable the board to
act intelligently and practically in
all matters appertaining to the de-
velopment Of the property and prog
resS of the company.
Fourth: The committee previous
~ elected to select suitable machin-
Fry WAS instructed to secure at once
specifications and prices of hosting
and drilling machinery.
More than hundred specimens of
If gold-silver ores from the varioas
shafts. tunnels and drifts were
brought down to this city by Mr..
Strum, ranging in size from small
fragments to chunks weighing Is
pounds. large number showing
considerable free gold, and they are
low on exhibition at the Bank Hotel.
Mr.. Strum is very enthusiastic over
he discoveries made. and offers
hesitation 10000 shares Of
his personal stock to any one who
will show him another surface pros
Dect of equal merit within a radius
If five miles of this property, which
$ located in the celebrated Terra
Blanca district. A number ofphoto-
graphic views of the properties and
amp are also interesting.
The above news and assays from