The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1919-03-07
PRINCE Mine
FUTURE GOOD

statements made by disinterested
visitors to Salt Lake from Phoebe in
dicate that the Prince Consoiid atsd
is In the process OF entering what
conndently is expected to prove the
most prosperous era in the history
Oh TINS famous mining property.
says the Salt Lake Telegram.
With the final and complete elm
lnation OF legal contests which have
had deterrent effect. with the pur-
chase OF the remaining one-fourth
interest In the adjoining Davidson
claim' with new shaft and new
equipment. with an immense amount
OF development work completed and
with lower cost of labor and ma
terials. belief is expressed that all
records of production soon will be
surpassed and that during the pres
ent year there will be a long step
taken toward the zenith OF the
mines prosperity. which would seem
still to be many years away.
AS a result of the splendid physi
ical condition In which the property
has been placed and the increasing
richness of the ore being developed
In the recently acquired Davidson
claim, there Is a splendid prospect
that the company will resume the
payment of dividends during the
coming summer.
The possibility of such disburse-
ments was admitted by Murray G.
Godbe, secretary and manager Of
the company, who stated that while
he could not say for certainty that
such would be the case, he felt con-
fldent, by reason of the highly graft
flying condition prevailing not only
at the mine but throughout the
country generally, that the company
would resume the payment of divi-
dends during the present year, and
perhaps after the first six months.
Mr.. Godbe declared that In SO far
as the physical conditions of the
mine were concerned they could net
well be improved upon, and that
there could be no question that the
future was brighter than at any
time in the history of the company.
He said that because OF the higt-
or cost of labor, with it's lower ef-
ficiency, and the higher cost OF min
Ing supplies, the earnings during
1913 naturally were reduced, but
that when the figures for the three
preceding years were taken into con-
sideration, together with the greatly
Improved conditions prevailing now
the figures for last year would mo-
appear so discouraging and reaso,
would be seen for the confldanoa %
lpressed TOR the FUTURE.
i In addition to the deterrent fnfiu
Iences already recited, 1t will be re
membered that last September ther,
was a serious washout on the com
pany's railroad and that shipments
were suspended until four bridges
could be constructed, and In common
with all Industries, mining and 9TH
erwise, the plans of the company
were interfered with by the eqidemic
OF influenza.
In the acquisition of the remain
| ing one-fourth interest In the David
son claim the company made cash
payment OF 100000, which aided
materially to the financial outlay last
year, in the sinking OF new shaft,
the installation of new hoisting
equipment, the construction of a
number of cottages for workmen
and like improvements, all of which
have placed the property in first
class shape.
Confidence is expressed by the
management that the contract with
the smelter, now limited to ITS tons
a day, soon will be increased because
Of the desirability Of the ore as d
fiux, and 1t Is also anticipated that a
splendid profit soon will begin to be
realized from the mill work on the
tailings, which are estimated to com
prise about 100000 tons, and from
which both gold and silver In con
siderable quantities can be extracted
by the grinding and cyanidine
process.
In view OF the improved condi.
tions 1t is stated that stockholders
are more than usually interested in
the annual report, which, 1t is stated
soon will be ready for distribution
Phoebe Orc Shipments for the Weel
/ Ore shipments from Phoebe for The
week ending March 8 aggregated
II ZOO tons, as follows:
Prince Consolidated ~. ... Il ,20t
IVirginia-Louise ......'...... 40t
Consolidated Nevada Utah 80. 81