The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-02-03

during this month they will be permanently increased
erage of 30 tons daily.
Development work date consists of $50 foot incline shaft
with 0O feet of drifting the foot level and about 1000 feet
the 500 These drifts with several upraises from them show
paytreak with average width of feet and have
two shos of first class respectively $50 and 300 feet with
connecting shoot of good concentrating about ITS feet long
Even from this owgrade shoot enough rscass OBJ
tanned the cost of driving through it, while the bulk of the
stuff broken down in the drifts through the high grade shoots
straight the smeer Above the 300foo level compara
lively little gaena encountered the being nearly all in
the form of carbonates but Oh the 0oo level there al
most continuous shoot of solid gana averaging than two feet
in width and running 80 ounces silver and above 60 cent
lead Throughout the mine crysazed lead and wire silver
commonly almost every face of ore
The company include besides the vast
already blocked out good cash balance in the bank and 100000
shares of treasury Stock of which will probably be
sued unless be in the form OF stock dividend Should the
ageent fit it could begin the regular payment Of cash
dividends at the of cent two the share monthly and
the time make ample provision for all the development
and equipment.
From the above it will be seen that the record of the
pany unusual This is primarily due the excellence
its management Charles MKnns who with his partner
Fred Kazer conceived the scheme of purchasing the Caledonia
spec and developing into mne has been charge since
the inception of the enterprise He old timer the Coeu
dAenes and has long been noted for both the and
sarvatsm of his operations Never these two qualities
necessary achieve than in this instance That
the operations of his partner and himself have brought wealth
them and the associates who assisted them financially during the
early of their venture will be matter of feictaon all
who know them ~
The real significance of the Caledonia sae however,
that has created another half dozen nearmonare but that
is the first gun in campaign that will stare the Inland
Empire and especially the Occur Aene district into such
interest n and enthusiasm for mining investments
ate boom that will make all its predecessors look like iron
pyrites in comparison with free gold
Odmes in the northwest who remember the previous booms
and their will readily recall thai it's mediate
precated by the concurrent development of the Tamarack
land Snow Storm mines from less doubtful prospects the
stocks of which almost unstable at 10 and 20 share
respectively into recognized mines the shares Of which suddenly
climbed SITS and $4 at which figures they eagerly
sought.
That the existing condition of the mining market presents
historical parallel is we'll understood by mining though prob
ably little appreciated by the general public The Caledonia SALE
WILL however focus attention the opportunities presented by
mining investments and the number of mines which have
recently been developed in of which investors might
til recently have acquired for comparatively ing inter
ests that worth fortunes
without attempting enumerate ohand list of such
critics will be enough illustrate the point mention the Alice
and Star mines in the Occur dAenes with several others
sng soon to graduate into the same class"
AR A