Douglas Island news., 1919-06-06
ANNUAL REPORT
 OF ALASKA JUNEAU
Local Stockholders Receive Fourth Annual Report of Condition
 0i Property

Alaska Juneau Gold Mining Com p1uy has been received here by local stockholders. and |, proves Co Doc % .ompreHcus.yc volume. giving cN- bausuyc data on che working of Che property tor Che year ending Doe. aI IgfS.
 The following letter. addressed Co on, stockholders and signed hy Pres r w. Bradley constitutes che prcs.- dents report
 -rrorkcr uuudrr san Francisco.
 Nrru -tH. iYIH.
 .rr On. stockholders
 -rfr Comrauys sa5OoUou bond issue a. proposed auJ outlined n on. circular I,te~ and statements mailed to ,ou December lsh hst vas drI, authorized n accordance vih che sc.r.ary.- circular letter mailed y.u uu Che >.h uIl and has .rr. bser formally completed Co che ,,tmt ha. tnc bonds arc being sold g. lhcy arc subscribed for and aI- IurtrI
 -rnr rre.mc ol rhc foat.uE iu- r.Hr.r.. ru- bcru satisfactorily -..,H br u. msme oG of the lr-.r portion %. such indebtedness with bond. ar uar. Another largo portion ol Che indebtedness Is held in allowance bv means ot Che pcr- .lraf erararfce O. two of tbc stock holders and HIs arrangement Is .ru being continued as Che sum coy- rr.I by ir bears a Tess rate of inter cs, than hat payable upon Che burIs
 .A sufficient number ot bonds have boon subscribed for by sfockholders to pro,If. funds tor actively push ire sn.I t.r work ol altering and rrrarsrr t.r min as described m rHr accompanying report of thc Cen .-.I Superintendent This work has boon under way for some time past hu vcrg uuc has so far been oc- .pmr.slaI He.uus. ot che general .r1rtser u. labor and porucuari, because rre past demand ot outside var industries has resulted In prac- firar, cNhauuus tHe local supply ,f mechanics ard skilled raJe-mcu. whr. 44~ HIrrmy promises soon .o be r,meI..J. tHg lack ot skilled labor and th. continued high costs rrr HU am embarrassment
 .As pointed ou. u he circular .rarcment O. November 2ari last i' Uu r.rr.r. two years t.mc for .amrIetre che alterations and cr- .lrrsmmt. ol the milling plant SO le fr place .r ou Che operating basis ,rr.muv planned Nevertheless. it
 expected tHat fHc mul work win lr sufficiently advanced before che .rI %. tH.s r.ar to enable thc prop .rtg tu thereafter begin taking care ,I r-Hl
 -Or trc U-.t of ths month. Che. .omuary indebtedness. less thc rash a...ts. tuaIeI approximately sr.ssDuuu. which includes s9i3.-. noo of bonds .bat hayc.so far been sold Respectfully
 "F. w. BRADLEY.
 "Prcsidcnt."
 By che general uperutcudcnts report we Gud that 5.5Ut feet of de- y..1pmeut work were completed during thc year witb t6is added. .r.r. has been >i.5tl feet of deycl- ,am,rt work done at the mine since us starting m Igll
 For Che entire mine. 6.2'l muck ample. give au average gold assay value ot sIWI. Including 1o9 moucI umnI.s taken since l9l-. Che average becomes Slu15.
 The total ore t-ammcd Go Che miH from an sourgees was 592.2lS. tons.
 Work In aIl departments through out was limited to che amount of ayailabIc labor Che situation being worse Chan in 1917. Tho average number of men employed was 2lI and che average daily wage $i.5S.
 The total gold recovered during thc year was si2UI2i. ot which saat.Geaa1 was u gold bullion and sos tsiI7 was m concentrates; sff-o4i7 was recovered iu silver and S17.GiG.54 u lead making a total recovery value from an sources of sl594i5.o1.
 A program has been outlined which if followed out at cost Of s,oo ooo win enable 16.ooo tons Of rock Go bc trammcd Co thc mill each day of et hours. Of this totolrAO day of % hours. 5000 tons ot this Co b, roi,etgI as waste and 5000 tons to bc mu'ed. This program calls for considerable change u Che man. ucr of milling. automatic rejection of waste rock and the purchase of moro haulagc equipment
 The estimated damage done by Che floods of September last is given at ss1.UUO.
 The total @ expenditures for the year were SI.007.9l9I9. or S1.7552 for every ton milled. The total re- ccipts were St59.fi5.O1. or an aver age of S0.S0oO per ton miued.
 10 win bc seen that there was a
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