The Western news. [volume] (Libby, Mont.) 1933-current, 1937-09-16

line should show a profitable opera
Il ore of about Is feet in width. Work
was at once started on driving tun-
mel to open this vein and the tunnel
is now just reaching the ore. Good
sells letter to the stockholders gives
much interesting information and is
printed in full below.
| Over 100000 shares of stock were
/ represented at the Monday meeting.
Election of board of directors re-
suited in the choice of Thos. r.
Toole, T. w. Kiesling, and DR.. Van
Dorm, of Spokane; John Hatfield of
Wenatchee, and w. f. Kenitz of
Libby. The directors were author
| ICED to levy another assessment of
one-haH cent per share to carry on
development.
Work of blocking out ore will be
continued and will be pushed as rap
idly as possible The mill will not
be started until ore sufficient for
at least six months operation has
been blocked out, said officers of
the company while in Libby. Minor
repairs will have to be made on the
| mill and an additional crusher
ought to be added to the equip
ment, said the officers.
Out of town stockholders present
at the annual meeting were Thos.
r. Toole, T. W. Kiesling, c. e. Col
Her of Spokane, MIR. and Mrs. G.. e.
Devenish of Colville, Wash, and
George Penfield of Occur d'Alene
City, Ida.
Better Days Ahead
The letter of Charles RI. Goodsell,
mining engineer, to the stockholders
of the company, is as follows:
Spokane, Wash, Sept. 10, 1897
To the Stockholders of the Glacier
Silver Lead Mining Company:
Dear Stakeholder:
! On Aug. 18th, 1887, / wrote your
directors letter regarding the con-
! ditions at the mine as of that date.
/ In this letter | predicted that we
were in the close vicinity of the
vein as revealed by my calculations.
& This letter written Sept. 10th gives
you the developments up to Sept 8,
at which date / visited the mine
4 VA liIWS lioiti AAiGAAy AAl6h MAJ eA~
was. appearing in the face.
/ am glad to inform you that all
signs indicate we have at last
reached our objective or at least
the outlying signs appearing as we
approach the vein. On my visit
quartz carrying lead and silver was
in the face and had been followed at
that date for 10 feet and it only re-
mains to drive short distance. be-
fore we should encounter the vein
consolidated and in place
AT the time of my visit we were
in the drag ore of the vein Natur-
ally vein which has been moved
by powerful faulting approximately
800 feet from the original position
will be broken and fragmentary
near the fault.
| am more particularly encouraged
| by the presence of a good grade O.
| milling ore in the quartz drag anc
| should the vein continue to exhibits
J like naturalization in sufficient
| quantity the future Of Glacier Il
assured.
J The point where the ore has beer
encountered is approximately Loo
lS6L OH The up u Lie REnl duilOS
, directly below the outcrop and ole
: workings which shipped hand sortec
! ore to the smelter in the earlies
history of the mine and if as ap
l pears the vein should show like
. naturalization throughout that dis
) lance, Glacier mine should show ;
: profitable operation for many year
f to come.
7 The next few months will be al
/ important time in the history o
a the mine and while a great deal 0
t work is necessary before starting tn
c mill is warranted, | am greatly en-
couraged by the disclosure to date
c | believe at this time the stock
n holders as unit are warranted il
:. supporting continuance of the de
e velopment and protecting their in
). yestment.
: AS old pressing obligations ar
/ pretty well paid up, funds for
Is more intensive development pro
IT gram should be available.
Ii I believe the dawn of better day
are in store for us and that tn
i stockholders who stayed with tn
J. ship should feel, from the preser
il indications, that it was not in vail
Y Very truly yours,
e CHARLES II. GOODSELL.
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