The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1909-03-18
PROGRESS AND HONESTY


From north Murray south Of the St. Joe river arrangements
being made for prospecting and TOR development OF
claims already located extensive scale than ever
FORE With the assurance there will be reduction in the
tariff on plans for future work be evolved with the GER
tany that funds will be forthcoming these plans through
From every section Of the district reports which give prom
se that 1909 will be the busiest and most profitable year N the
history Of this camp During the dark days OF 1908 The Miner
remained optimistic successive week has given Us more
faith in the position we took and fully believe that few
months more will realize our highest hopes.
The completion Of the Idaho Northern railroad Paragon is
promised BY May Shipments Of from Paragon guh will
start the railroad ready to handle the traffic which
will probably be within the next 60 days These shipments Will
add no nconsderabe the aggregate Of production this
year for such mines the Paragon Bear Top Occur
North Fork and Black Horse have blocked
out and only await the bray Of the iron horse. \
Developments along the eastern margin OF this district during
the winter months prove existence rich deposits far
Mssou and at the eastern point of these discoveries
the ore similar the bonanzas and practically connects
that great camp with the Occur d Aenes
To the thousands Of people with money invested IN the mines
of this district each succeeding week will give renewed encou
agemen and cause for self congratulations New mines Will D
opened year and old producers will be operated greater a
vantage and take their places the dividend paying list Work
on large being carried through at different points VIDE
" apart of which, when completed will have an import
ant bearing large territory tributary FOR instance the
Reindeer tunnel This get under the showing
made the upper workings at depth OF approximately !Vo
feet 1t necsstates bore $500 feet long and required the levy
This is now driven 2O feet and going along at the rate
of nearly 200 feet month"; The ledge will be reached by June
and expected result achieved the REINDEER VIII at ence
take it's place Of the proved mines OF the district Anu
dozen properties along the ledge will be good proved
while hundreds nearby locations will be greatly enhanced IN
value.
common comp operators here that the Occur
Aenes little known comparison to other mineral bearing
districts There truth in the statement yet TINS IS not 70 De
poed great deal of the knowledge gained about otne as
tho
we don't mean to condemn other districts But the promoters VINO
make the oudst noise only frequently have the poorest vues
to exchange for the hard dollars Of the investor This IS
n discedt district but does work hardship on the con-
servae and conscientious promoter who shares ne odum OF
his less honest brother without share OF the reward
Tho Coeur u Alene district is more free from fraudulent
motion exaggerated reports to stimulate sales OF STOCK nan
any other mining section stands better with those VINO nave
thorough knowledge than does other section and with
methods vogue it is constantly reaching hgner plane
For months preached reports stockholders TO nine
managers and happy to say that 1t has not been
Rome was not built day. the habit OF years pc
month"; but gradually the desired result being
tanned and the result is admittedly beneficial to those who have
fried In anv business mutual confidence IS among
partners Mining exception But where the man in power
refuses to take the nonresident partner or stakeholder into ms
confidence return expect to hold the confidence OF
this partner?
There has been from time to time and still in lesser de-
complaint about We think however that with
financial statements furnished showing how the funds are applied
This complaint being done with We look forward 10 the
time when assessments will be welcomed they are necessary
fr the proper and development OF property IN TWO
we know where stockholders recently furnished with
complete Of the CONDITION ana asked 20 @
an opinion as to the ACCESSIBILITY Of assessing to provide
finds for development there peponderance OF opinion IN
favor Of Of these out OF answers re-
ceyed from the holders 100000 shares only two holders
a AGGREGATE Of 600 share opposed to levy And all
81 those voting for the urged two mills rather than
I mill
The foregoing tends to show the condition Of the mining in
@ n fhe Occur dAenes as far management is concerned