The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-06-24
HIGHLAND-SURPRISE Co.
SOON Be PRODUCTIVE
REPORTS OF OFFICERS, BOTH
OLD AND NEW, GIVE lNFoR-
NATION IN DETAIL.

Following the election of officers and
directors at the annual meeting OF
stockholders on June 9. the directors
of the Highland Surprise Consolidate
ed Mining company issued a letter &c
the stockholders from which the fol-
lowing is taken:
THE first work to be attempted SO
far outlined viii be to develop ore
shoots on the east and west ends of
the Highland claim. According to Di-
rector Sinclair these shoots are shown
on the 400 foot and also on the 800
foot levels and undoubtedly extend to
the surface. We are hopeful of de
velopng a large tonnage of silver
lead from these shoots. \ small force
is now engaged in retimbering places
which have caved since the shut
down and as soon as this work has
been completed a thorough systematic
policy of development work will be in
augurated
at is the firm belief of the new man
agement that under careful and in
telligent handling the Highland Sur
prise Consolidated Mining company
will again take its place as one of
district AS to the mill and its equip
ment you are respectfully referred to
President w. w. Papesh's report"
Accompanying the letter is a finan-
cial statement covering the period be-
ginning March l, 1917, and ending
June l, 1920. On March 1, 1917, the
company had in cash $1.O99.51. and
ceived from the smelter S7S,4S5.O5;
during the period covered re-
from five assessments. s6O,O4O.6O: mis-
cellaneous sources, $S.6OOSS, making
total of $143,175.S9. Disbursements
in detail are given. leaving bills pay
able amounting to s5.75751, which is
offset by s29SS2 cash on hand.
Retiring Presidents Report.
The report of w. w. Papesh, the re-
firing president of the Highland Sur
prise company, to which reference is
made above, contains much informa-
ton regarding the property of the
company and its affairs. and from
which the following is taken
"Some time has elapsed since the
last annual meeting, which was held
April ?, 1917 / beg to submit the fol-
lowing for consideration:
when our last report was made to
you we were assured of fine railway
transportation, and with that assur-
ance we proceeded with the develop
ment and new equipment of the mine
and mill quite extensively.
ION July 10. 1917, our company
agreed with the o. w. r. & n. rail-
way for transportation of all our ores
from Masonic to Pine Greek junction,
where the branch joins the Tekoa &
Wallace line. Our company with all
other mining companies of Pine creek,
made the following agreement with
the railway company: The first one
thousand 100000 tons Of
freight hauled was to be paid for at
the rate of S1.5O per ton from Masonic.
and intermediate points to Pine creek
junction; the second one hundred /
thousand 100000 tons of freight at
the rate of one (s1 dollar per ton
from Masonic, to Pine creek junction. /
thereafter we were assured the regu-
Ian schedule freight rate. With this .
assurance and the recommendation of .
Mr.. Owens. regarding certain machin-
cry and equipment, we proceeded with ,
he development and addition of con-
siderable machinery, which involved
- to some extent.
I'VE have made five 90 assessments
lpon the stockholders netting $780,
1905. which you and !, together with
he other stockholders have paid, and
IN June 1. 1920 still owe s5,75751,
which means we must necessarily
make another assessment netting us
bout $4,000, part of which must be
lsed to liquidate our Indebtedness.
The balance to be used as your di-
ectors may direct.
your company owns SO claims, has
approximately 1900 feet of drifts 1915
eet of cross cuts $50 feet of raises
50 feet of Wine, 1000 feet of double
rack. II mining cars. 1000 feet of
iir line mine and mill together with
Ill offices and other buildings com
,letely wired for electric lights.
I'VE have modern 1875 ton per day
mill fully equipped, assay office
boarding house, superintendent resi-
Ience. sufficient bunk houses for all
lelp, saw mill complete with motor
avs, tracks, ETC. for placing timber
or the mine blacksmith shop with all h
TOOLS and equipment for
nine work. 1900 feet of stull timber
-alued at $500. $50 ton of concen-
rates valued at s35OOOO"
Noted ceoIogist Here.