The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-02-07
DIRECTORS OF MARSH
TELL OF OPERATIONS.
TRANSFER WORK FROM 900 TO
WORKING LEVEL TO SAVE
HOSTING EXPENSE.

port that during the month of Decem-
Der 4843 tons of ore were milled and
up to January .15, when milling opera
tions were suspended, 5000 tons. This
ore produced 10 cars of lead-silver
concentrates, and two small cars of
zinc not yet shipped. 1t is estimated
that these concentrates will net about
$4,000, which Is less than anticipated.
The letter discusses at length recent
operations, the condition Of the prop
erty and plans for further work. An
assessment Of one cent per share was
levied, Of which the directors say. 1T
Is believed that the proceeds of this
assessment, with other possible re-
sources, will be sufficient to discharge
all Of the floating accounts except the
outstanding first mortgage Of $1S,235.
In that event no further assessments
will be necessary in the immediate
future. 1t Is the purpose Of the COM
pany to continue development work as
energetically and in as many places as
possible this depending on how fast
funds are provided from time to time.
Settle With Federal.
''The development work performed
was confined largely to the new vein
on the 900-foot level, east Of the main
working shaft. This drift has now
been carried to point about 900 feet
east of the shaft. There is 1000 feet of
ground which can be explored on the
strike of this vein before reaching the
east lines Of the Marsh. The COM
pany's engineer advises that this vein
looks promising and is likely to pro-
duce commercial body If followed
1T is with satisfaction that the
trustees report that the development
contract with the Federal Mining and
Smelling company. calling for an ex-
penditure of $4,000, at the rate of not
less than $4,000 month has been COM
pleted, and this obligation fully salts
fed. It is largely on account of this
contract that the management has
been obliged to press development
work during the last Is months
I'm spite Of the strong effort exerted
to keep the cost of operation down to
the lowest minimum. results the last
IL months have demonstrated that no
operating profit is possible on the lin
tied production maintained by the
company, In view of the steadily in
creasing cost of labor and supplies.
For illustration, miners wages are
from $4.75 to So per day, for 5 hours
work, and supplies in many instances
have advanced over 100 per cent,
Make Substantial Saving.
THE management had included in
its plans the deepening of the main
working shaft for opening additional
ore bodies but on the advice of the
engineer this plan has been abandon
ed for the present 1t will cost at least
800 foot, which is entirely prohibit
I've, and not justified when taking into
consideration the present limited ore
body developed In the mine. Further
more. the blocked out tonnage now re-
naming is too small to warrant fur
Their production at this time.
In view of all these conditions,
which are entirely beyond control of
the management. 1t has been deemed
advisable to abandon shaft operations
and confine the operations of the COM
pany in the immediate future to ex-
ploring the vein east Of the shaft from
the adit, or tunnel level, which can be
done to practically the same advan-
tage, at much decreased cost, than
on the 900-foot level Furthermore,
by disseminating shaft operations. the
company will effect saving In over
head expense Of from $500 to $4,000 a
month.
"The ambition of the management
has been to develop new ore body to
add to that already known to exist in
the mine. and thereby increase the
output to point which would make
the operation PORTABLE, in which
event the splendid equipment at both
mine and mill would render this pos
sible on very short notice.
Property Has Fine Equipment.
1.-THE present board assumed the |
management about IS months ago, at |
the time Of the reorganization, when |
the company was confronted with |
serious financial difficulties as well as
a lawsuit by the Federal Mining and |
Smelling company, who were seeking |
to recover damages of 100000 for an
alleged trespass. This litigation was
and many other problems
involving the company overcome, one
by one. and the property of the COM
pany protected.
'The disappointing feature has been
the failure of exploratory work to dis
close an additional ore body of COM
value. The property is eff 1
GENTLY equipped and the physical val
uation of the plant is conservatively
estimated at $4,000 in addition to the
ground owned outright by the COM
pany
1.-THE latter consists of about 14O
acres, patented. with lease from the
Federal company, running Sls years
from date, on about 80 acres OF desir-
able territory adjoining, which has not
been explored. Therefore the ground
work for big mining enterprise is not