Silver State Mining Co.
3172. (Woodstock, Vt.) You will greatly oblige me by giving what information you can, in addition to answering the following questions, concerning the Silver State Mining & Milling Co., F. B. Tiffany, secretary, in the Cripple Creek district, Colo.: are the officers efficient and honest in their efforts to serve the best interests of the stockholders?
What patented property do they have, and is there any litigation? What amount of development work has been done, and what are the future prospects?
Are there any debts?

Ans.: The affairs of this company are now controlled by Messrs. Rope & Key, brokers, at Colorado Springs, Colo., a majority of the board of directors being composed of members of that company. This firm is a reputable firm, and doing a straightforward and legitimate business, and they are said to be doing for this company all that can be done under existing conditions.
The company, when first organized, owned a number of mining claims in the Cripple Creek district; at present it owns only three, the others not being considered of sufficient value to justify the necessary expense to patent.
The company now owns the Monday claim, situated at the head of Poverty gulch, on the slope of Tenderfoot hill, patented, and containing seven and three-quarters acres. This claim is well located, and there are a number of shipping mines in Poverty gulch not far from this property.
The company also owns the Modock, patented, on Galena mountain, containing eight acres. This claim has good surface indications, but no known mineral vein as yet disclosed.
The company also owns the Alice E. claim, near Gillett; this claim is not yet patented, but all the work necessary to patent has been done, and all that remains to perfect the title is the payment of the final land office fees, amounting to about $100. This claim contains nine and a half acres.
There is no litigation, and no debts, except for attorneys' fees, $200. There is no treasury stock or money in the treasury, so that practically nothing is being done, or can be done towards developing the company's property, except by leasing, negotiations for which are now pending.
The capital stock of the company is 700,000 shares, and a proposition will be submitted soon to the stockholders to increase the capital to 1,000,000 shares, placing the increase in the treasury to be sold for the purpose of completing the patent to the Alice E., and improving its property; this should be done for the benefit of the stockholders.