The daily progressive-miner., 1917-01-29
THE TREADWELL MINE.

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 The TreSdwel group of mines. for many years large snd regular dividend payers, fell not long ago into evil days, ss Is well known. Last sum- mer a commission Of engineers. con- prising F. ". Bradley (president of the company, Hennen Jennings and H. (. Perkins, examined the proper ties with 8 view toward amalgamation ot the companies They advised such sn amalgama,ion but incidentally their statements respecting the mines were rather startling revelation 10 the public Since then some alarming rs- ports have been in circulation. prin- cipally the result Of erroneous deduct tions ss often is the case. It Is for sul2Je, therefore. that there has just come 10 hand 3 very minute and com prehensive report Of the president 10 his board ot directors under date of Oct e0. 1918
 r. W. Bradley is one ot the original opponents Of the policy of frankness and publicity in the affairs Of min ing companies. and for many years the reports Of his eompanies-the AL aSka group ana Bunker Hill & Sulli- yan-had been all that such reports should be- Their stockholders have had full and exact information res. pec,ing all their affairs. This same trankness has just been exhibited again. although + was a disagreesble statement that had 10 be made.
 The mines 0< Treadwell Island are situated right along side of the Gas .ineau Channel their workings are mostly below the sea level, and some Of them are under the channel Dur ing the last year or two there have been some threatening eollapses Of ground and even intiltration Of sea water The rumor has been circulated that this might spell loss Of the mines. h fact, nothing like that has ever been considered 10 be probable. The situ- a-ion has been studied very carefully and is pronounced to be dangerous. but iI is recognized that there must be careful mining lest it become so. h this, as in many cases. forewarned is 70 be forearmed.
 The other serious thing in the situ- aJioa ot the Treadvell mines is the entrance Of the lower workings into lean zone The ore Of these mines has always been rather uniform, and going 5y the experience of years. re- serves have been calculated from large blocks Of ground that have not been closely crosscut- In raising from the lower levels to mine such q large oiock the grade vas found to fall rap- idly and there was similar experience in sinking from aboTe. Finally the management was forced 10 the conclu- sion that there is large zone in the -N" rE H64- D- lAc LAl4E III r HIGH L4E UT is no- ot payable grade. Below this, however. il has been proved that there is payable ore. wherefore fl is not a case Of the mines petering out, but rather Of disappointment and delays Careful plans have been made that are expected 1o put these companies into good position again in q minimum of time. These plans are explained fully in Mr. Bradley's report
 We doubt not that it was disagree able 10 him 10 have to make this re- poTr- but how much better it was to tell all the facts without mincing mat ters than 10 tell only half-truths and gry 70 avoid the admission Of mistakes b. obscure and confusing explanations
 The Treadwell mines have been great producers and good dividend-pay- CTS under Nr Bradley. May their ec- lipse be Of short duration. and may they soon shine again with their for mer briIliancy.