The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1909-09-09
FOR THE GOOD OF THE DISTRICT.

We regret to announce this week heavy damage by fire the
Hercules concentrating plant This caught fire Labor Day and
only the concerted efforts Of willing hands prevented the
loss of all the adjoining buildings At this time the exact amount
Of damage cannot be learned but is to be hoped that the plant
be put in operation reasonably short time and the
duction of the property not seriously nterfered with
Last week columns gave the first Information
gadng important cooperative tunnel to be driven the Os
borne section This had been contemplated for time and
The Miner in close touch with the principals and knew from
week to week the status of affairs but to have mentioned the
enterprise before finally perfected would have been to
jeopardze the project This studousy avoid in every in
stance working for the good of the district and the
mining industry.
seems to that this furnishes good example for great
many operators every section of the Occur Where
claims of different companies lie in the hill and 1000
feet of tunnel work will open all Of them at great DEPTH
would reasonable that better results could be achieved by
cooperation than individual effort Certain it is that the work
could be done economically Short tunnels giving shallow
depth all right for exploratory work but the instances in this
district where shipping has been found the surface
few and far between OF ourshere may be difficulty in
arranging the pro rata to be borne by each driving
cooperative tunnel but believe any competent mining eng
could submit schedule based comparative depth which
would be fair all concened 1t would of be necessary
pay found several properties evolve SYSTEM
of operation which would be fair ALL but of the opn
ion that little study along this line by operators will result
work being done this and the benefit to the dis
trct scarcely be estimated The capital that is being
pended would bring far greater returns and many properties
idle would be put under development Stockholders have right
that aaried managers might have be dispensed with
but the individual must be sacrificed if necessary for the good
the many However do not believe that there would be
objection the part managers for would be difficult to find
prospect here managed by not heavily interested fnan
c and whose interests would not be far better served
by the economical development of his property than by conn
Of the small remuneration he enjoying under present
conditions.
The list of assessing properties continues grow Reference
to the list five will show between rs and 80 companies
which process of collecting assessments If more
companies which idle would levy small assessments and
work. reporting regularly to stockholders the pro-
gess made would find far lively interest taken in their
shares and in the general welfare of these corporations by all
stockholders Shareholders know pretty well that
be shked by stockholders of the
how influential The laws Of Idaho quite specific on
this point and afford ample protection Books Of all Idaho corpora
s holder stock for inspection and the penalties
oyded for breaches Of the laws invite
tranagressicn even by evasion.