Inlet. On a comparatively small output of 1,000 tons a day, our net earnings would be $62,500.00 per month, or $750,000.00 per year, which would pay about 15 per cent. if the entire capital stock was issued and sold at par. By increasing the daily output to 3,000 tons, our net earnings should be five times larger. This is not over-estimated, but if anything it is the reverse. Cost of Mining Coal With the new invention of recent date of a coal cutting machine, run and operated by a compressed air plant, coal can now be produced at the cost of 17 cents per ton, Some of the. coal mines in Ohio and other coal regions in the East are using this new machine. We intend to install one or more of these wonderful mechanical contrivances in our Graham Island mines, and this mine will be equipped with the best and most up-to-date apparatus to mine coal economically and on a large scale. ie SE a _\\ | iN © a ——————————— 5 ~~