REPORT
 

OF-   THE
 

New York & Honduras Rosario Mining Company
 

New York Citv, N. Y., December ist, 1904.
 

To the Stockholders:—

This annual meeting marks the entrance of the quarter
century of our existence as a corporate body. It presents
many subjects for mutual congratulation. At the same time it
recalls many difficulties, many discouragements, many epochs
whose events were sad and prospects black.

The dark period of our efforts seems now to have definite-
1\ passed, without even development of, or working, the major
part of your property.

Twice durng the past year we have issued letters to the
stockholders advising the progress made.

TERRITORY.

When in 1880 the Company was incorporated it bought
the then Rosario Mine, consisting of six holdings, each 600
yds. long by about 200' wide, somewhat less than 500 acres.
Accretions thereto by Government grant and purchase have
increased the territory to over 12,000 acres (20 square miles).