Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1906-06-22

Spokane, WASH, June 21.-After
sleeping for two years, the Spokane
Mining exchange has been reorgan-
lied and is now working under the
rules which formerly governed it. The
activity in stocks is stronger now than
for several years. and all the brokers
report good business. The exchange
meet at II o'clock each morning in a
private office, but if it continues to be
as popular as it now is, better quar-
tiers will be secured later.
The United States statutes require
in all cases that the end lines of lode
claims be parallel to each other, but
the law does not require that they be
made at right angles to the course of
the vein outcrop. AS frequent neg
lect of this important requirement Of
the law has in the past been the cause
Of much complicated litigation involv
ing endless dispute over the question
of subsequent extralateral rights, pros
pectors cannot, therefore, be too care
full about locating their claims and
stalking them from the outset so that
the end lines shall be parallel to each
other. A slight or appreciate con-
vergence from parallelism might lose
to the locator his right to follow the
vein on it's dip outside of vertical
planes passed through his side lines;
and most certainly there were no par.
allel end lines to limit his right of
possession his extralateral rights
would be lost.
A reader Of The Mining Review, &C.
cording to the tone of his letter, will
soon be fit subject for lunatic asy-
lum unless he ceases the reading OF
the general run Of Nevada newspapers.
This is a California miner and, in
the development Of his property, has
uncovered a nice body of $40 ore,
which, in any mining section, should
make its owner Independent for life.
With this property our friend was
thoroughly satisfied until he saw men,
ton, in a Nevada paper, Of the dis
covery of a mountain of ore that as
sayed $25O,OO0 in gold to the ton.
There was nothing startling in this
statement, for they are now so COM
mon as to cause but little comment.
The demoralizing feature of this an
nouncement, however, was the fact
that the company owning it was OFFER
ing it's treasury stock to confiding
public at themunifcent sum Of three
cents share. Just think Of it-"three
cents a share"
No wonder that our Californian is
somewhat shaken in his upper story;
anyone would be who would believe
such silly trash, or who would even
consider its genuineness for minute
There never was mountain of ore
that assays $25O,0OO to the ton; and,
II there was, a company owning such
a wonder, such a marvel, would be
asking thousand or ten thousand
dollars share for its treasury stock,
instead of the paltry sum of three
cents.
At times ore has possibly been
found that will assay quarter of a
million in its gold contents, but never
in quantity. Such ore exists only in
knife-blade seams, and it might be diff
llcult to obtain an assay ton of it,
and the owner might be obliged to
work for years in order to gather to-
gether ton of such stuff, and his
time would be much better employed
In mining and outputting $40 ore.
II any man should make an Offer
ing of $40 gold pieces for S cents
each, he would be set down as fool;
but, where treasury stock in a COM
pany owning a mountain of gold going
$25O,0OO to the ton, is offered at three
cents a share, it may safely be said
that the company is fraud and its
promoters set of sharps, thieves and
grafters.-Salt Lake Mining Review
There were in 1905 a total of 963
fatal and $3.50 non fatal accidents al
mines worked under the coal mines
act; 43 fatal and 245 non-fatal under
the metalliferous mines act; 81 fata
and 1913 non-fatal under the quarries
fatal and 4,818 non-fatal accidents
in Great Britain during the past year