The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-03-14
Officers Report.


considerable work on the 600 level, but
rot enough to develop this level. The
indications are good, and our progress
has been gratifying. Our costs have
been kept down to a point which COM
pares very favorably with the best
work in this district. We doubt il
any property in the district is accom-
plishing as much work for an equal
expenditure. We recommend a. care
full perusal of the accompany engin-
GERS report, and a consideration of the
same with his previous reports. The
directors, while regretting' the neees-
sity for further assessments, felt that
they could not do otherwise than con
tinue the work, in spite of high costs
of mining operation and supplies. No
tice of assessment is enclosed here
with.
"The annual meeting for this year
is fixed by the bylaws for April |. APP
pended hereto you will find regular no.
tice of this meeting, and enclosed you
will find a blank proxy for execution.
A majority of shares outstanding must
be represented, otherwise no meeting
o. election can be had Therefore it is
necessary that those who are unable
to attend in person should execute a
proxy appointing some person who
will be present to represent them. We
request that you attend the meeting if
possible. Your directors serve without
compensation, devoting their time and
attention to this enterprise, and it is
only fair that you give the necessary
| time and attention to attend the meet
ing If 1t is in any way possible for you
to do so. If not possible, execute the
proxy either as it is printed, or strike
out the printed name and insert the
name of any other person who you
know will be present and whom yJu
desire to represent you.
"The annual meeting last year fail
ed for want of a quorum. Therefore
there are three directors to be elected,
two for the twoyear period remaining
OF those who should have been elected
last year, and one for three years"
Managers Report
In his report to the directors of the
company Mr.. White outlines the ac-
complishments since his last report
and describes the condition of the
property as follows:
Lott OF Nor 1 ba
shaft, skip pocket and stump have been
completed, and a crosscut 230 feet )Ne
sc nth from the shaft, and 275 feet of
drifting has been done. One hundred
the shaft crosscut and 1876 feet east Of
tho shaft crosscut. We have opene'
the vein in both drifts and find the
same crushed quartzite, shot through
made the ore in the levels above. This
vein material is much less disturbed
than it was in the upper levels and 1t
seems probable that if an ore shoot is
found, it will have more permanence
than the ore found above.
THE conditions found up to this
time are encouraging and it is propos-
ed to thoroughly explore the region
below that occupied by the ore above,
both to the east and west of the shaft
THE condition of machinery and
equipment is good. The pumping ma
chinery installed has proven ample to
handle the water so nothing more
than ordinary repairs and replace
ments will be necessary to finish the
work on the 600 level If it is found
advisable to drive long raise, a small
hoist may be required, but that is con-
templated only if the exploration on
this level proves disappointing.
The cost of operation is consider
ably higher than it was even a year
ago, and labor is less efficient; thesa
however, are shared by |
everyone alike, and we believe that |
the East Caledonia is less affected |
than are the larger mines, where the |
foreman can not give the personal at
tention to details that he can here.
"The rate of progress that was had
on the upper levels, 240 feet per
has been maintained on tho II
Bo0-foot level, and unless unusual con-
litions are found, 1t can be kept up"