The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-06-14
WESTERN UNION CO.
IS PAYING ITS WAY
REPORT OF MANAGER
Important Development
Plans--Substantial Cash Bal
ance at End of the Year


r Western Union viii prove to be
one of those rare cases in the
Occur dAlene district i'm which
a mine has paid for it's own develop
ment and equipment. The Western
Union is doing this now and plans be-
ing carried out 10y the management
will soon result in greatly increasing
ore shipments which viii insure an
income to meet the expenses OF plac-
ing the mine in the list OF steady pro-
ducers and dividend payers. Follow
ing the annual meeting in this city on
June 4, Ben L. Collins, manager of the
/ Western Union, issued a report to the
stockholders formally advising them OF
the action taken by the meeting and
including a financial statement cover
ing the year ending May 81 1928 The
report follows:
Create Executive Board.
The stockholders unanimously
elected the following directors to serve
for the ensuing year: ID. II. Anderson.
J. e. Burbank, j. f. Austin, Herman
j. Rossi, Walter IL. Hanson, William
Holm and Ellis l.. Hale. The bylaws
of the corporation were amended to
provide for an executive board FL
lis L. Hale Herman J. Rossi and Wal
ter II. Hanson We're elected members
of this board They are all live and
successful business men and here on
the ground. We greatly appreciate
having their assistance in helping to
give the Western Union a real bust
ness-liIe administration.
our letter of May to stockholders
covered the ground so completely
relative to what has been done the
past year that it is unnecessary for
ms to deal with that subject in this
letter The stockholders, after visit
ing the mine, We're unanimous in ap-
proving the work done
I'VE believe the main ore body in
the Western Union, which is similar
to the ore bodies of the big producers
Of this district, lies below our No. 4
tunnel level Therefore we are sink
ing a double compartment shaft as
fast as two shifts can go. Nearly
5000 600 worth of ore has been ship
ped from the ground directly above
and below No. tunnel level The
ore body from which these shipments
have been made has been developed
for a distance of 500 feet in length.
We have reason to believe it will be
more than 1000 feet in length when
fully developed The ledge has been
prospcted for an average height of so
feet above No tunnel level and for
a depth of so feet below No. 4 level
and for a distance of 500 feet in
length. We have no fear about the
results when our ore body is opened
up with greater depth.
1.-THE ground above No. 4 tunnel lev
el will be further prospected by raises,
crosscuts and drifts. This work can
be done at very little expense and we
believe will give us additional ton
mage The raise to the level of No.
tunnel to make connections for ven
tilation and mining purposes will be
Developing New Ore.
Last winter a short crosscut was
made from the main tunnel to the
foot wall side of the ledge. where an
ore body was found from which we
have shipped ore with values of more
than 100000 This vein was followed
easterly until it came back to the
main tunnel and joined the hanging
wall cleavage. The same vein was
followed westerly where it was found
to gradually leave the main tunnel.
Six hundred feet west of the above
point we recently followed a small
vein in an easterly direction. It was
found to gradually bear away from
the main tunnel into the foot wall and
has widened to fully one foot of high
grade ore We now appear to have
both ends of a split in the ledge with
the main ore following the foot wall.
These drifts, when extended $50 feet,
will probably meet and when you
realize that the ground for this dis
lance is unprospected you can realize
its great possibilities. This ground is
being developed by drifts, crosscuts
and raises
"Our property is now well equipped
with compressor, hoist drills. cars and
other necessary equipment. The
buildings. tunnel, track and under
ground workings are in splendid con-
dition. We have solved many prob
lens of how the ore occurs in the
ledge and with this knowledge and
the new equipment installed develop
ment will go forth faster from now on.
"The Western Union is developing
and equipping itself from ore ship
ments without burdening the stock
holders by assessments. Compare