The Alaska daily empire., 1918-12-27
Local Mines Owners Will Meet at San Francisco to Consider Projects Con-
 dition and Future.
PROXIES MAY BE MAILED
Management of Company Desires to Make Sure a Quorum; Want All Who Endorse Manage
 ment to Act.

A meeting of the stockholders of the Alaska Juneau Gold Mining Com pany has been called to convene at San Francisco January 10th. for the purpose of considering the condition of the company and plans Tor It's fu- ture These have been outlined brief ly in former articles in The Empire.
 The purpose of the company is to authorize a bond issue to take up all the debts and to make the i'm provements in the mill and prose, cute such other development as might be necessary in order to make the company's property at Juneau a great producing and profitable mine
 Notices of the coming meeting have been sent to the Alaska stockhold- CTS. Each notice is accompanied by blank proxy, and the management of the company, says that all who have confidence in the management, but who cannot attend the meeting in person, should execute the policy and mail it as directed at an early date, so that there may be no ques- tion of a quorum at the meeting. The Board of Directors will sub init an elaborate report made to them by President Frederick w. Bradley. The report puts forth the condition of the property and plans and purposes of the management in detail. sum mary of the report was printed in the San Francisco Examiner December 10th, and is as follows:
 "In connection with the plan to pay off the indebtedness of the Al aska Juneau Gold Mining Company and remodel the mill out of the pro- ceeds of an issue of first mortgage bonds, President Frederick w. Brad ley has prepared very full report, addressed to the Board of Directors of the Company, mapping out precise ly the character of the improvements to be made and also furnishing de- tailed accounts of the operations to date. These figures will be of espec- ial interest to the stockholders. "For the first ten months of 1918. with the result for October partly estimated, the company crushed 4S9.
 S61 tons of rock of an average gold
 assay value of S61a cents a ton, with mill extraction of 791a per cent, and total gold recovery of $376,- 707.30. The operating milling costs
 per ton this year were 63 cents, as against 56.11 cents in 1917.
 President Bradley looks the mill
 ing problem of the company squarely
 in. the face in his report, as follows: "'This mill was originally designed and erected contained many expert
 mental features that have turned out to be unsuitable for the Alaska Ju neau ore, and we have been strug-
 gling with the problem of how to
 make the most advantageous use of the mill. With no funds and short age of labor, the working out of this
 problem has been very slow and diff | ficult; but work is now under way on definite plans for so altering the
 mill as to reduce its operating cost to a figure comparable with other | milling costs in the Juneau district,
 and also for enlarging the mill so as 1 to bring it's daily capacity up to 5000
 tons of ore, as originally promised. It is estimated that these alterations and enlargements can be carried out
 at a further expenditure of not to
 exceed $500,000. in accordance with
 the accompanying program, and that
 when completed the property can
 then earn an operating profit of s1,-
 100000 per year, as originally esti-
 mated.
 "'The tabulations for the ten