The silver messenger. (Challis, Idaho) 1890-1912, 1901-12-31

- ~tO@CS " AdCO1 fOl ottOA VI
the Mayfiower Mining & Milling
company have been filed with
the Secretary of State.
The property of the company
is situated in the Lava creek
mining district OF Blaine county
and comprises some very valua-
BILE claims which are now being
worked. The mines are CON
venient TO the railroad being only
20 miles from Arco, station on
the Mackay branch of the Short
Line and conveniently close to
the big 600-ton smelter that will
soon be in operation at the town
of Mackay. The property is
crossed by two distinct veins, the
largest being 40 feet in width
and carrying gold and silver val
ues that guarantee handsome
profits. The other vein is IL
feet wide and carries 336 ounces
of silver and $3.50 in gold per
ton.
Considerable money has been
spent developing this mine and
has proven that the property is
what is claimed for it-property
that is certain to pay large divi-
dends to the shareholders. Fur
ther explorations will be com
menced at once and as it pro-
ceeds, the ore will be blocked
out preparatory to its shipment
to Mackay smelter. Surface
work has shown great value, but
they cBnnot compare with what
will be struck when the proper
depth is attained.
The capital stock of the COM
Ipany is 600, 900 shares at the par
value of one dollar per share.
Of this amount 100000 shares
have have been set aside as
treasury stock for development
purposes. The stock will be
listed on the Boise Mining Ex-
change and 10000 shares offered
at once. The officers of the
company are w. d. Garlock,
president, E. L. May. of Ogden.
vice president, B. Mason, of
Nampa, secretary, h. E. Neal,
treasurer, and o. E. Jackson,
general counsel-Captial News
With something over seven
million acres irrigated in the
| United States, which include a
number of large irrigation sys-
TENS and dams. all built by pri-
vate capital, the question fre-
quently arises-why cannot an
additional seven million acres or
an additional twenty million
acres of arid land be transformed
by private capital into productive
irrigated farms In other words,
why should it be necessary TO
ask any Government assistance
for this development of the West?
: 1t is admitted that irrigation
: pays; that larger, better, and
surer crops can be raised under
! it than by dependence upon the
| elements, and that irrigated
, communities are, as a rule, very
prosperous ones. Nor can it be
f said that any project is really too
| large or requires too much capt.
al for private enterprise to un-
dertake, provided it offers an
, assured profit or a certain in
come on the investment. Why,
then, will not the arid States
have a gradual and healthy de-
r velopment through the continued
establishment of irrigation sys-
TENS and the building of irriga-
ton dams by private capital
> seeking investment
The answer is, that no great
: irrigation system which has been
constructed as an investment for
private capital. and for the pur-
pose of selling water to farmers
! in order to earn permanent in
terest on that capital, has been
successful or profitable as an in
! vestment. This has been the
history in this country and in
Z India, where, years ago, the gov
: ernment assumed control of all
large irrigation works.
e Cooperative companies, where
the shares in the water company
c are held by owners of the irrigat-
ed lands. and the water system is
: operated as an adjunct to the
}. cultivation of those lands, the
: ownership OF both land and wat
er being thus united, have been
!. almost universally successful and
: profitable to the owners.
Y But the great irrigation works
t necessary to be built to utilize
4 the waters that now run TO waste
t in the floods or in the great riv-
? ers of the West, or to reclaim
5 the arid public lands. require
e too large an investment, and
: must be built on too large a scale