The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-09-01

BE HONEST WITH INVESTORS.
Now that the first smoke has cleared from our recent
disaster able take and intelligent view OF
future the losses mining companies
We happy find that instances the losses were great
y exaggerated the Our information is that in many
where machinery and tools thought to have been de-
sroyed the damage equipment slight and in some cases
merely nominal Buildings have been wiped out OF existence Du
this small matter and be quickly with little ex
pense The heaviest oss generally speaking is in timber and
this when analysed great There will be enough
timber saved all properties to keep the owning company sup
piled for years and timber will be growing on
ground better ferlzed and much of it will be large
enough for mining when the present supply exhausted
We hope that the companies which have been losers will
thoroughly aquant stockholders with the condition existing and
them fully into confidence the plans for the future We
this for In the first place all shareholders are
entitled the information and secondly they will be more
prompt response call for funds if the facts laid plain
y before them In this connection President Martin OF the
Carney Copper Co. has taken the initiative and elsewhere in this
issue will be found copy his official notification stockholders
The Miner has always endavored be the srug
Cling companies Now. more than desires to lend help
ing hand Accordingly offer the of columns free OF
charge for this purpose Companies which feel that they
able this time undertake the Of sending letters to all
stockholders invited make their official statements through
this paper and reach their shareholders without cost
While apparently all news has been bad for past 10 days.
there things brewing 1t perhaps not the most
opprune time for glory its good fortune when
yet we DeeVe gOOu
from property helps ALL and the advancement Of the
district is the aim The Hypotheek which has
suffered damage from fire. but threatened for several
days. has exposed srnger high grade gena which has
been followed for 30 feet This has varied in width from two
inches and said be above the value carrying
it estimated approximately 20 cent lead and almost
Of silver the cent Of lead would not take any
great quantity of this make shipments profitable by sorting
an certain that this quality will be found to be not
very away from deposit of considerable extent When the
left for Spokane days he had had
made that he we'll pleased with the prospect for the
erty sef-evident
Another piece of good which has is the inoma
ton that the Reindeer has not been seriously dam
aged The buildings the property all burned including
tie which housed the The supports burned
under the machine but showed that still in working
order and very little was required put good shape
e,er are engaged rebuilding foundation and in
few days will be good probably better than before the
fire.
AT almost all properties where work in progress when
the fire threatened the tools and all such equipment could be
conveniently handled taken places of safety and while
pairs tunnel portals and buildings will be necessary the dam
age is nothing like that at first estimated.
Then again. number of companies carried on
their buildings and equipment Two that destroyed the
Big Elk Tarbox insured respectively for $500 and
and while these may the actual loss suffered
they will at least be of material aid in equpping and starting
work.
It is not the policy Of this paper underestimate LOSSES any
more than is exaggerae We take the in