The San Francisco call., 1905-02-18
FL DORADO'S GREAT SLATE. RESOURCES
ABOUT TO BE DEVELOPED EXTENSIVELY
GOLD MINES ARE REOPENING
California Fuel Oil Is in Demand for Use
at the Smelling CGnteFS Of Coast.

rich quartz running oiagon2lly across
the lot that has been excavated for
building purposes. 4 few months ago
an Indian took 500 in gold out OF q
pocket across the river nearly opposite
the find al Kennett
TAXING OF OREGON MINES.
The question Of the taxation Of IN
productive mining properties in Ore
gOu is engaging the attention Of the
Oregon Legislature. A bill has been
introduced that provides that all COM
panies and corporations formed or or
ganized for the purpose Of engaging IN
exploring or developing the latent min
ersl resources OF Oregon and whose
mines are yet IL the development stage
and have not yielded profit for the pre-
vlOus twelve months shall be exempt
from the payment OF an Incorporation
lax for the preceding twelve months
The method By which exemption may
be secured from the corporation tax Is
prescribed Is follows:
such company shall hIe with the Secretary
q State On Ct before TIE first Gay of June
q each year their statement under cath OF
tne secretary agent q such company cor
Fo-sticns showing the trus amount ot money
s1ps1cea b the Company O cooperation dug
ing the preceding twelve months n the op=E-
srion q raeir mine mines. and the full
amount O. money received by them from The
sale q 0-s, co1ceztrztes q bullfo1 and AL
o-5er metal and mineral products Of their
DiEs or mines. sold o1 hand. during the
sane p@riod CT tine n cases where the
Secretary O state doubts the truthtulaess CT
such statement ne is s1tho1Zec 70 have the
prosecuting strDTnsy q The district where The
property e located demand the books and sc-
counts Ct TIE company II question for an
investigation II the prosecuting attorney Of
thai judicial district finds thsE the statement
correct The Secretary Of State shall remit
The Tax but = The attorney finds Z false state
r-sent hzs been made. the corporation TAX shall
- z :
vided that Z cases q detecting false state
roeu1E. 1ne Secretary CT State shall TAX the
cosr q ire prosecuting attorneys work 70 the
mining company investigated. but that
officer finds al correct, the cost OF the in
Q1iry shall Be tz1ei 10 ths general fund Of
TIC STATE Il is provided that The fees II any
oBe case shall net exceed SO
The Mining World calls attention 70
the fact that ten mining companies OF
the Butte (MOptana) district, have
paid dividends that aggregate SO. .o0o.-
0e0 and gives figures as follows:
Boston and Montana. So. So. 90: Anaconda
So $50 coC; Parrot. IS COZ, 7SS. Montana Ore
Purchasing Company. s.. TSo. 0oo Butte and
Bost0n s.. 50. 90, United Copper $50. 600:
Colorado. S7.5o0 0o0: Altcs. Lexington, Britain
Ia. ETC. s.. 00c eoo. The $4,000 credited 70
ire United Copper Company derived from
llE Company and other Hsiuzs corporations
IL % The first q last December the Auslga-
mated Company had distributed S24.slz. 7s5
il ciEIdenGs- but they also came rom TIE
ArnsIEaznated co-ups mics and included n
TIE dividends attributed to the various com
panies named above Several millions more
have been distributed s-ith the AuaIgsmsted
zlrre January.