IMAGE EVALUATION TEST TARGET (MT-S) 1.0 [f >^ 1^ I.I 1.25 Hi 1^ ■ 40 12.2 2.0 I U ilU.6 I Hiotographic Sciences Corporation 13 WeST MAIN STRIET WEBSTIR.N.Y. 14SM (71«) t72-4S03 ^^^»^ ^^V^ ■^^A."*' ^ r^l \^ V^o i\ CIHM/ICMH Microfiche Series. CiHM/ICIVIH Collection de microfiches. Canadian Institute for Historical Microreproductions / Institut Canadian de microreproductions historiques .,y^ Technical and Bibliographic Notaa/Notea tachniquaa at bibliographiquaa Tha Instituta haa attamptad to obtain tha baat original copy availabia for filming. Faaturaa of thia copy which may ba bibliographically uniqua, which may altar any of tha imagaa In tha reproduction, or which may aignificantly change the uaual method of filming, are checked below. D D Coloured covera/ Couverture de couleur I I Covers damaged/ Couverture endommagia Covers restored and/or laminated/ Couverture restaur^ et/ou pellhulAe n Cover title missing/ Le titre de couverture manque L'Inatitut a microfilm* la mailleur exemplaire qu'il lui a AtA possible de se procurer. Les details de cet exemplaire qui aont paut-Atre uniques du point de vue bibliographiqua, qui peuvent modifier une image reproduite, ou qui peuvent exiger une modification dans la mAthoda normale de filmage sont indiqufo ci-dessotA.. "^4.. I BOSTON: E. L. MITCHELL, PRINTER, 1864. §» TO THE STOCKHOLDERS or THE ST. FL.VVU'N MINING AND SMI'LTING CO. I "■ ■ Gknti; MEN : Ilaviiij^' been ai)poiiited to the general superintend- ence of your mine, I deem it projjer to make a brief stat(^ment of what has been accomplished during the past seven months. I went to St. Flavien on the 1st of June last, and commenced work on the 9th, by putting on a small force to clear out the excavations made by the Quebec Company the })revious season. Seeing the importance of having our property thor- oughly ex])]ored that we might know the locality, num- ber, and importance of the veins, 1 employed a larger force in cutting costeans for tracing and opening the different surface exposures. The result of these explor- ations has proved very satisfactory, as I have discovered no less than six parallel veins of from two to six feet in width, besides one vein of rich purple ore. Having fully satisfied myself of the different veins existing on the property, I commenced sinking on the vein designated l)y Professor Hitchcock as " No. 4." The result of the work in that shaft has been highly gratifying to all the stockholders who have visited the mine. This vein, of vellow suli)hurct, inclinoa North West. Distant about 200 foot on thc^urface is the rich purple vein, whicli inclines South Kiist. In the opinion of geologists, these veins will meet at a depth of from KM) to 120 feet, and at their junction will be found masses of ore verv rich and extensive. The expense of prosetuiting the -work thus far has been less than could have been anticipated, considering what has been accom[)lis]ied, the rate of exchange, and the diihculties always attending the opening of a mine. The amount disbursed I classify under four heads, viz : — Labo*i- Cost, . . . . . . {^3,018.93 Improvement, ..... 540.02 Expense and Tools, .... 861.77 Management and Travel, . . . 208.18 Total. {54,094.90 The Labor Cost is for the work of costeaning, open- ing the different veins, and exploring thoroughly the southerly portion of tiie ])roperty ; sinking one sliaft 75 feet, and running two drifts from it E. and W., 43 feet, and sinking one trial shaft 30 feet. It has also built a tram road 250 feet ; cut an adit for ifir and drjiinage 275 feet ; built a dressing shed 50 x 25 feet, with two wings 18 X 25 each ; built a shaft house 15 x 17 ; a whim and whim house 45 feet square ; a lumber shed, powder magazine, blacksmith shop, and dry-house for the mines, &c., &c. The Improvement Account has given us two very good block houses, the lumber for all the other build- ings, plank and timber for the shaft, tram road, and other improvements about the mine. 4 ^> 1 1> < *. * The Ex])ciiso Account includos tools, powder, fuse, steel, iron, nails, purnji, rope, surveys, charter, and in fact every thin*]; not covered un(k;r other heads. Tlie Manajjjenicnt Account consists of travelling expenses for purchasing lumber, stores, &c., horse hire, and other charges for which I refer to my books. Thus far oar progress luis been more satisfactory than 1 antici|>ate(l. The only difficulty was in obtain- ing lumber, wbich will be obviated hereafter, as I have arranged witli the pro]n'ietors of th(? mills in the vicinity for all we may require. We are now down more than seveutv-five feet, and the vein has constantly improved. The ore taken out in sinking the shaft will more than pay the whole expense of sinking. As estimated by our mining cap- tain, we have now in sight over 1 ,000 tons of ore, and when we reach tlie fifteen-fatliom level we believe the yield will be abundant and constant. It has been our object to o])cn the mine in the most judicious manner, with a view to its continuous and. profitable working in the fiiturc, rather than to obtain large rCicns at the outset. By the latter course, our work w mid have been crowded and confused, and the miners, being con- stantly in each other's way, would have worked to great disadvantage ; higher prices must have been paid for the labor done, and the mine would have been greatly injured, or, in miner's language, we should have been " dragging her eyes out." I would recommend to the C'ompany to employ some good mining engineer to take charge of the works, and pay him u salary suflicient to induce him to devote all his tiniQ to it» Too much importance cannot be attached 6 to this, aa the prolit in working a mine (k'pcnda, in a great measure, upon its management. I have been mneh indebted to ('ai)t. V. Hennette, who has made reguhir visits to our mine twiee a month, giv- ing directions, letting eontracts, and, I may ^ay, taking full charge of tlie work, liis services to the Company have been very great, and I have the utmost confidence in his judgment and ])lans. I have been fortunate in obtaining a very liberal charter from the Canadian Parliament, a cop} of which is annexed. ' I take pleasure in acknowledging tlie encoiuagement and assistance received from many stockholders, their hearty approval of my plans for the development of the mine, and their undiminished confidence in its great value. Also to the stockholders, over twentv in num- her, who attended the meeting for organization at 8t. Flavien, I return my thanks for their ex])ression of satisfaction and approbation. In my opinion, }ou have reason to be proud of your property, and I have no hesitation in saying that pres- ent appearances indicate, and the reports of experts confirm tlie belief, that it ^A ill prove one of the best mining properties in Canada, and that your most san- guine expectations will begin to be realized at a very earlv day. Very Respectfully, S. L. FRENCH. President St. Flavien Mining and Smelting Co. Boston, February 1, 1864. • <^ 4 St. Fi.Avrr.N, Jamtar-v 26, 1^04. St. f'j.AviF.y Mine. ^ *. S. L. FuFNrTi, Esq. : Sir: — T'litlorricath, I bcfjj to hand you, as requested, a brief stateiu(nit of the operations at this miue since the conimcncemeut iu June hist, and u r(\port on the results thus far obtained. At the time of my first visit to the 8t. Fhivien Mine, , in June, I found that the workinijjs which had hitherto been carried on liad been chiefly confined to two princi- pal veins, although a few pits had been also sunk at other j)()ints of the property, and in the most southerly one a larp^e vein containing copper ore had been discov- ered. After carefully going over the ground, accompa- nied by you, and consulting as to tlie most efficient and economical mode of working the property, it was finally determined to immediately commence operations by sinking, on what (for the sake of distinctioTi) may be called No. 2 \'ein, which we considered presented the following advantages to veins No. 1 or 3 : First, it hud been more fully d(>veloped, having been traced longitudinally for a distance of 528 feet. Sec- ondly, it was a large, promising and well-defined vein of about two feet wdde, and yielding at the point at which we commenced to sink, about one ton of rich yellow sulphnret of copper per fathom. Thirdly, being situate between the other two veins, the " cross-cuts " from it to the parallel veins would be more easily venti- lated, as the tlistance in ain one of them from this shaft would not be so great as if it were only one long " cross- cut " from either Nos. 1 or 3. With these objects in 8 view, No. 1 Shift wak romiiieurcd, mid pushed on with all p()ssi))lo despiitch. It is still ainkiii of the shaft, we commenced two drifts liilherto called the V2 fathom level. The one north-eastward and tlie other south- wcRtward, on the course of the vein. The north-e^ast drift is extended a distance of 5 1 feet, for about 30 feet of Avhich the vein was verv simihir, both in character and }ield. to that in the shaft. Tlie south-west di'ift has been extended a distance of 49 feet. The vein in this distance has maintained its size and character, hav- ing yielded copper ore throughout its entire length, but not in such cpinntities as the shaft. The yield averaging throughout probably one-half to three-fourths ton of copper ore ])er fathom. The result obtauied by opening these drifts and the shaft is, that we have a j)iece of ground ten fathoms deep and six fathoms long, that will yield one ton of good copper ore per fathom, and can be easily and cheaply taken out ; or, in other words, we have a re- serve unbroken, from which we can calculate with mod- erate certainty of obtaining at least 60 tons of copper ore, in addition to the copper ore, amounting to about 30 tons, already broken from the shaft and drifts. But I would not advise the dressing of any copper ore before ^ 9 Sprinp;, ns we shall tlion be able t() do it better and morr ccotiomically. No. 3 \'^ciM lias also been carefully oxamiaed. This voin is about 18 inches wide, very Himilar in. connposi- tiou to No. 2, iVoni which it id 2'y fathoms, or 150 feet, distant in a northerly direction, but the copper ores obtained from it an; the vitreous and variegated sulpliu- rets. Tliis vein, by its dip, where exposed, inclines tow;ird!!i No. J \^ein, with which it will come in contact at a ])robablo depth of IHO f(!et, or about 100 feet below the present l)ottoui of No. 1 Shaft, and it is to this point that I wonhl call your particular attention, as very favoral)h^ results may be expected at or near ^hc junction of two copper-bearing veins. No. 1 Vein, tlie most southerly one, has also been examined, an 13 Besides! '' a principal veins, ttiere are many smaller leaders, paiLi.vilarly between Nos. II. and IV. I may add that the lunf? hills of sand upon your property, to which in Maine the provincial name of "Horsebacks" has been applied, has interested me greatly, partly as they present some features different from their Maine brethren, which may throw light upon their origin. A^ lienevcr a careful topographical map of your property is constructed, I hope these interest- ing ridges will be delineated u[)on it in company with the courses of the vcuis and the position of the shaft adit and buildings. W ith high respect, Your ob't servant, CHAELES H. HITCHCOCK. Professor of Amherst Colkyc, and Gtclogist for the State of Maine. Amherst, Mass , ) Sept. 15, 1863. ) :^i^f '. ■i B Y - L A AV S . AllTICLE I,— CAPITAL STOCK. The Cajjital Stork of this Coiripany sluill be five hundred thousand doUars, divided into ont? hundred thousand shares of five doUavs each. 'I III AllTICLE IT.— COMPANY'S OFFICES. The phices of business of this Company sluill he at the office of the Mine ;(t St. Fhivien, County of l;0tbin- iere, Canada East, and at the office of the Treasurer, in ]^oston, Massachusetts. ARTICLE III. — MEETINGS OF SHAREHOLDERS. The Annual Meeting of the stocklioklcrs shall he held at the office of tlie Companv. in the Citv of Bos- ton, on tlie last Wednesday of October, foi' tlie choice of Board of IJu'ectors, and for anv other business that may lawfully come before them ; ten days' notice of the same shall be given in one or more daily newspapers published in said city, in addition to the notice required by the Charter of th*^ Corporation. Special meetings of the stockholders may he called as often as the Board of J)irectors may deem expedient ; and they shall be requu*ed to call special meetings on the written request of tht; owners of one-eighth of the 15 1 capital stock of the Coinpany ; in both cases giving ton days' notice previous to such meeiing. in writing, to each stockhohk'r, personally or tlirough the post-othce ; such notice to specify tlie object or ])urpose for whicli said meeting is called. Any special meeting, as aforesaid, may l)e adjourned to a future day ; but no subject not specified in said notice shall be introduced or consid(>red at any special or adjourned meeting, exce])t by tho unanimous consent of all the stockholders present or represented. At all elections of Directors the yoting shall be by ballot, and at all meetings of the stock holdcMs each Proxy nn,«t ho siiaye of stock shall be entitled to one vote, iK'lil by a Block- ' charu'r, Hcca'I aud uiay be voted by the holder in pei*son, or by proxy ; Imt all proxies sliall be filed with the iSec- retary at or previous to the time of meeting. At all meetings, and on any questions, whenever the same shall be demanded by any stockhohbu*, the vote shall 1)0 by shares ; all decisions shall be bv a maiority ' of shanks present or represented. Five members actu- ally present, re[)resentnig not less than onc-fnnrth part of the capital stock, shall constitute a quorum for the transaction of business. ARTICLE IV. — OFFICER S. (See Sec. 13, Charter.) 1. There shall be seven Directors. Four members of the Board shall constitute a quorum. Should any emergency arise whereby a quorum cannot be readily obtained, the action of four 13irectors, when unaninu)us, agreed to in writing, and duly recorded by the Secre- tary, shall be valid as the action of the Board of Directors. 16 M; 2. A President, who shall be one of the seven Direc- tors. 3. A Secretary and Treasurer, who may be one and the same person, or otherwise. These officers shall serve from the time of their elec- tion until the next annual meeting, or until others are chosen and have accepted. M i»?l III, ! AllTICLK v. — DUTIES OF DIRECTOIIS. The Board of Directors shall appoint one of their number President, and have power to fill any vacancy that may occur in the Board ; ihey shall have the con- trol and management of the affairs and the property of the Company, subject to the purjioses, limitations, and restrictions herein mentioned, and to the instructions of the Comjjany, by a vote at any regular or special meeting. Tliey sliall liave power to levy assessments, appoint and employ siu:li and as many agents as, in- their judgment, the interest or business of the Com- pany may, from time to time, require, to fix their com- pensation, and define their duties. They sliall also adopt a Corporate Seal. They shall render an account at every annual meeting of the stockholders, showing in detail the situation of the property and financial affairs of the Company ; they shall also render a simi- lar account at any regular meeting of the stockholders, when requircHl by a vote thereof so to do ; and, gener- ally, they shall have full power to do all such acts, and to adopt all SL^ch measures, not inconsistent with the Charter under which this Company is mcorporated, or the By-Laws of the Company (subject, however- to special instmctrons by a vote of the stockholders afore- 17 said), us they shall doetn ))r'st calculated to promote, to the fullest extent, the interests of the shareholders. ARTICLE VI. — DTTIES OF THE PRESIDENT. It shall be the duty of the President to preside at all meetings, both of the shareholders and Board of Directors, to sign all ("ertiticates of Shares, and, in general, to pertbini all the aets incidental to such corporate office. AR'nCLE VII. ELECTION AM) DCTIES OF SECRETARY AND TREASURER. 1. FAecthn. The Secretary and Treasurer shall be elected bv the ]')oard of Directors, and may be one and the same per- son, or otherwise, as they may elect, and shall hold his or their offices during the pleasure of the Board of Directors. The Treasurer's election sh;ill not be considered valid or completi* until he has executed to the Board of Directors a bond or bonds, in such manner as thev mav deem adequate, for the faithful performance of the duties of his trust. 2. Duties of Secretarj/. The Secretary shall notify all meetiners of the stock- holders and Board of Directors, and shall record the proceedings of the same in a book to be kept for that pur[)ose, and shall perform all such services and duties ai usually appertain to his office in a corporate body. 3. Duties of Treasurer. The Treasurer shall have the custody of all the funds of the Company until the same shuU be appropriated 18 f;Ji by the Board of Directors. TIo fib all «ipi receipts and ackno>vlc(](rTncnts for nil money and other property of the Corporation whuh may eomr> mto his hands, and disbnrse and appropriate the tannic only nnder the direction of the Board of Directors, ile shall keej) all moneys of the Company on deposit in some bank in the city of Boston, to the credit of the Company. Ile shall also render a full and particular statement of tlic cash account, accompanied with vouchers, at every annual meeting of the Company, showing the condition of its financial affairs, and a similar account at any regular meeting of tlie stockholders, when re(piired by a vote thereof so to do. lie shall conduct the corre- spondence of the Company, and kee}) copies of all let- ters sent, and files of those received, lie shall prepare and keep proper books of accounts for the business of the Company, — a Stock Ledger, Transfer liook, and such other books and [lapers as the Directors may prescribe ; all of which said books, papers, and corre- spondence sliall be kej)t at the office of the Company, and considered in his possession and nnder his charge, but open at all times to the hispection of the Directors. He shall conntersign and register all Certificates of Stock and other documents requiring the signature of the President, and, generally, shall perform all such duties and services as usually appertain to his office in a corporate body, and are required l>y the charter. 1 i is; fii AllTICI.E ^711. — DmECTOllS TO AITOINT OFFICERS rUO TEMPORE. In case of the absence of the President, Secretary, or Treasurer, or their inability from any other cause to i 19 dischaigo the duties of their respective offices, it shall be competent for the Directors to appoint a I'rcsideut, Secretary, or Treasurer, pro tempore^ ^vho shall have and exercise all the ])o\vers of said ofiicers during the continuance of such absence or inability. • AUTiCLE IX. — crutificates of stock. The Certiticates of Stock shall be numbered and regis- tered as they are issued ; they shall exhibit the holder's name, and the number of shares, tuid be signed by the President, and countersigned by the Treasurer, and stam])ed with the seal of the Corporation. Transfers of Stock may be made on the btxjks of the Com[)any, either by the holder in person, or :»y attorney, or by transfer of the Certiticate of Stock by endorse- ment thereon, which transfer shall be effof tual so soon as recorded in the books of the Com])any, and the pos- session of a certificate of Stock shall not be rejii^arded as investing any ownership in the same, in any other than the person in whose name it is issued (as betAveen the Company and su(h other holder), until the transfer is duly made on the books of tlie Company aforesaid. (\ntificates of Stock lost or destroyed, when snch loss is satisfactorily proved to the Directors, may be renoved, the party giving to the Company a bond of indemnity satisfactory to the Directors. ARTICLE X. — DIVIDENDS. The Directors may declare dividends of the profits of the Company whenever they shall deem it expedient, giving due notice to the stockholders. C H A R T E 1 1 . An Act to Incorporate the St. Flavien Minhig and Smelt- ing Companif. [Assented to \5fh Ortober, 18G3.] Whereas the persons hereinafter named have, hy petition, represented that they desire to en^ajije in the business of explorhig. mining, manufactming and (Us- posing of copi er and other ores, in the raiisli of St. Flavien, in the' County of I.otbiniere, in the Distriet of Quebec, in the Province of Canada, and that they can do so to better advantage by the aid of a Charter of Incorporation, and have prayed for tl\e passing of an Act to that end ; and whereas it is expedient that such prayer be granted: 'J'herefore, iler Majesty, by and with the advice and consent of the I>egishitive Council and Assembly of Canada, enacts as follows : 1. William II. Webb and Walter Shanly, together with nil such other persons as shall become sharehold- ers in the company hereby constituted, shall be, and they are hereby made a body c()r]iorate and politic, by the name of '' The St. Flavien Muiing and Smelting Company." . •• t ii<» 21 ' '» 2. Tlic Company may carry on the business of ex- ploring for, mining, smelting, mauiil'acttiring and soiling copper and othoi orcH and metals, and lor these [)nr- posts may accpiirc and hold, by purchase, lease, or othoj.- legal title, such lands and mining rights in land in the County aforesaid, not exceeding at any time two tliousand acres in snp(>rti('ies, and construct and maintain such buildings and machinery and other improvd and fiftv thousand dollars, divided info such a number of shares not exceeding twenty-tive dollars each, and not less than five dollars, as the Directors shall determine ; which said capital stock may be from time to time increased, as the wants of the Compan\ re(|uiro, by vote of the stockholders at a meeting of the Company called for the purpose, to aii amount not exceeding one million dollars in the whole; Provided always, that no such increase of stock shall be made until after the whole amount of the original stock of the Company shall have been hona ftde paid in. 39 4. The capital stock sinill be paid by the subsrribers thorclor, wlicn, nhoro, and as the Directors of the C'om- paiiy sliall require, or as the l))-hiW8 may provide, and if not paid at the (hiy required, interest at the rate of six per centum per annum shall be payable after the said day upon the amount due and unj)aid ; and in case any instalnunjt or iustalments shall not be paid as re- quired by the (Hrectors, with the interest thereon, after such demand or notice as the by-laws prescribe, and within the time limited l)y RuVh notice, the Directors may, by vote, reciting the facts and duly recorded in their records, summarily forfeit any shares whereon such payment is not mad(;, and the same shall there- upon become the i)roperty of the Company, and may be disposed of as the by-laws or votes of the Company may provide. 5. The stock of the C'ompany shaii be deemed per- sonal estate, and be assignable ii) such manner only, and subject to such conditions and restrictions, as the by-laws prescribe, but no share sliall be assignable until all instalments called for thereon have been paid, unless it has been dv clared forfeited for non-payment. • 6. At all meetings of the Company every shar- - holder, not being in arrear in respect lu any instalmoni called for, shall be entitled to as many votes as he holds shares in the stock of the Company ; and no share- holder bein" in ar.-^ar shall be entitled to vote ; and all votes may be givou m person '"r by proxy ; Provided always, the proxy is !io>i by a shareholder not in arrear, and is ia conform; ty witii the by-laws. 23 7. Tho afTiiirs of the Company shall hr ndmiiustrn d y a Board of not Iv^'ss than five and not more than seven Directors, being hc \ erally hol(Un*s of at U'ast one hnndrrd sliares of stof'k, wli(>