29 



hill, which was* driven through solid rock three hundred and seventy feet, and at 

 an expense of eighteen dollars per foot. 



During the year 1854 the main shaft was carried to the depth of sixteen fath 

 oms, and an adit of one hundred feet driven on the west side of the hill, which 

 intersects the main shaft at the depth of seven fathoms, and the upper galleries at 

 the same point. The upper galleries were driven one hundred and fourteen feet 

 further south and seventy-five feet north. 



At the bottom of the sixteen-fathom shaft' levels were driven north sixty feet 

 and south eighty-five feet, making one hundred and forty-five feet of levels, fifty- 

 four feet shafts and one hundred feet adits, on the lode and west side of the hill 

 during that year ; the train-track and adit on the east of the vein having been 

 completed to the length of nine hundred feet during the same period. 



At the close of the year ending December 1, 1855, the main shaft had been 

 sunk four fathoms, and a level driven south ninety-four feet and another north to 

 the depth of thirty feet, and the long adit driven to the depth of five hundred and 

 thirty -five feet below the surface ; at this depth the vein carries a power of twelve 

 feet. 



Prior to 1855 a portion of the lode only had been taken out, from the meager 

 character it presented seven or eight feet being the maximum of the strength of 

 the lode used- for mill-work. But since the commencement of 1855 that position 

 of the vein formerly rejected has, at the depth of one hundred and thirty-two feet, 

 assumed sufficient value to warrant its extraction, and the result is, an increase of 

 one-third more ore in the same depth opened. 



The ores now taken from the mine are one hundred and twelve feet below the 

 water line. 



During the months of January and February the Directors declared three divi 

 dends of one hundred dollars per share. The mine is free from debt. 



The limited capacity of the reduction works, and the increase in the power of 

 the lode, bears little relation to each other; and the company, in place of stopping 

 their present battery to erect one of greater power, purchased during the past 

 year an adjoining mill, with its water privileges, of nearly equal capacity to their 

 own, at an outlay of $6,000, and with an additional expense of $1,500, have put 

 the same in operation, thereby doubling their former capacity for reduction. Ex 

 penses in repairs on the reduction works for 1855, $1,200. 



The scarcity of water in the creek from whence their power is derived, during 

 the past year, has been such that but six months full running has been made, 

 during which the average amount of ore reduced was fifty tuns per week. During 

 the dry season the average of reduction amounted to twenty ,tuns for the same 

 period of time. 



The following statement will gire the comparative expenses in conducting the 

 operations of this mine for 1854 and 1855 : 



Statistics for 1854. 



Cash capita], $32,000. 



4 Miners $400 



2 Stokers 120 



2 Battery Tenders 150 



1 Carpenter 100 



1 Blacksmith . 100 



1 Horse Team , 216 



1 Ox Team . 192 



Provisions, etc : . 900 



,. Incidentals 80 



$2,258 



