The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1919-06-12
BLACK BEAR MINES CO.
HAS NEW MANAGEMENT
NEW DIRECTORS PREPARE TO
BEGIN WORK ON PROP
ERTY BY JULY I.


company, formerly known as the Black
Bear Consolidated Mining company
announce that plans have been for
INFLATED by which work will begin on
the property about the first of July
and which is expected to place the
mine on a productive basis within a
few weeks thereafter. In fact, the
Black Bear mine has the tonnage al
t. be necessary is to overhaul and re-
store the equipment, making some ad-
ditions to it, when production will be-
gin. The portal of the working tun-
mel Is within few hundred feet of the
railroad tracks and the company has
assurance that mill can be leased for
treatment of the ore whenever it Is re-
quired The company has a COM
pressor Of sufficient capacity to meet
requirements for some time and about
the only outlay necessary in beginning
operations will be for machine drills
tools and possibly ore cars. An as
sessment of 1 cent per share was this
week levied by the directors which will
provide the necessary funds to begin
operations.
Much Ore in Sight.
No | tunnel cuts the vein at depth
OF about 500 feet, showing carbonate
ore and in which a Wine has been
sunk 1875 feet in ore. The main tunnel
IL about 100 feet below No. /. This
tunnel cut the vein at about $500 feet
and from that point the drift shows a
continuous ore shoot for 900 feet Sew
eral raises have been made showing
ore throughout their length, the long
est one being 200 feet, The ore Is
both lead and zinc, the latter FREEDOM
mating in the tunnel level the lead
showing a pronounced increase in the
raises The ore varies in width from
2 to rs feet The Black Bear is in the
center of productive mineral section,
being Joined on the west by the Frisco
and on the south by the Flynn Group,
proved ore above the main tunnel in
connection with the certainty that the
ore extends to depth corresponding
with results of deep mining on ada
cent properties, and there is no other
conclusion than that the Black Bear
will prove an important mineral pro-
Queer.
New Management.
Several months ago the directors of
the company formally requested Peter
Bernier, the president and manager,
to hand in his resignation but up to
date he has failed to do so. For this
reason at the meeting last week three
OF the directors, Fremont S. Rowe,
Frank J. Davey and S. d. Lemieux, re-
signed. The vacancies were filled by
the election of Herman j. Rossi A. p.
Wallace and l. L. Rrainard, the last
named being also secretary Of the
company In explanation of their ac-
ton the three retiring directors filed
the following statement with the COM
pany:
Statement of Directors.
Having been associated with the
management of your company for the
last seven years as members of its
board of directors, we feel that the
trne has arrived when a change Of
management should be made and new
life injected into the management of
the affairs of the company
During our incumbency, the active
of the affairs of the COM
pany have been left in the hands of
Mr.. Peter Berner president of the
who has been associated
with the company since its organiza-
ton in 1905, After this long period of
time we are compelled to admit that
Mr.. Bernier has made an utter failure
in his management. has expended
thousands of dollars in attempting to
finance the company while the prop
erty has lain dormant and the stock
Of the corporation has become prac-
tically worthless and the stockholders
have received no benefits from their
I'VE believe that Mr. Bernier has
shown his incompetency for a suffi-
Client length of time and we believe
that something should be done for the
benefit of the property and it's stock
holders. We are unable further to
stand by and support Mr., Berner in
his management of the property. I'm
der these conditions we deemed ii our
duty, as well as that of Mr.. Bernier
to step down and permit other stock
holders take over the management.
Last December your board of di-
'ectors realizing this state of affairs, |
hat it was to the best interests Of the |
company, and at the urgent request of
large number of stockholders, pass
ID resolution requesting Mr. Bernier
o tender his resignation as president
Ind manager but so far he has failed
o comply with this request.
your retiring board as a unit have
he greatest faith in the future pros
,ects of the property of the company
md that it needs only vigorous
and operation to become
me of the producing mines Of the