The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-03-07
THE pERMANENcY OF ORE BODIES.

Much has been written and is appearing every day
on the subject of the peranency OF mine ana
how mining companies that have been successful IN max
ing prospect paying property should lay aside certain
of the profits for in acquiring other property that
gives PROMISE with proper development OF becoming
dividend payer instead Of paying out all the surplus IN d
dends and allowing the property to ultimately become
out.
writer in Boston recently pointed out that the failure
follow this policy one the chief why stock in
the God6ed Consolidated of Nevada selling at price
far below what should bring when the amount OF that
is being shipped monthly and the large and steady dividends
that are being paid taken into consideration This stock
is now selling for the neghborhood of SIS per share
could reasonably be expected to sell for twice that amount
it had of paying such enormous dividends PAID
attention acquiring and developing new properties and
thereby gained the confidence Of the investing public The
last report of the manager indeed according to report
not seem to deny the least the going the rounds that
this property has it's best days and will be worked
before great length time and that practically nothing will
be left for the stockholders.
The system of developing properties is being follow
ed in this section by the Federal which company operating
the largest number of producers in this camp and recent
sale was made the Cleveland group Canyon creek to this
corporaton as found that the from the Standard
extended on into this group and will be mined whenever that
I'm the Standard gives Out.
But prospective investors in Occur dlene stocks have
little to fear in this respect and they will have difficulty
whatever in obtaining facts and figures which concu
syey that the bodies Of this district go to unlimited depth
land the majority of the will be found increase
lin value Examples of this be found in every section OF
the district The Bunker Hill at Wardner has been produc
for 2 years and the present time shows ore
blocked out which, is opened experts say
will take at least 20 years to exhaust The North
Side has beyond question that the OF that district
continue with depth the development Of the Monarch NINE
CANYON creek has several mines that down l5OO feet and
the ore shows marked both in quality and quantity
In the Muan district there is the Morning mine OF the Fed
era which has been developed by shaft and tunnel to a point
more than 1900 feet below the apex of the vein and this prop
erty according to reliable authorities is entering the
Rurke ouarzte formation which development Canyon
creek has proven have thickness OF more than 2Oo feet
this property confidently be expected to continue as one
the big producers of Idaho until its workings have been ex
TENDED at least 1000 feet deeper into the hill and how much
below this depth the ore goes is yet to be determined
This list is by all of those doing deep develop
ment here but is merely representative list Of properties
every section of the district showing that in THIS particular
all parts of the Occur Aenes alike and lends mucf
weight to the publicly expressed opinion OF State Nine In
pecor R. N Bell that the bodies of the Occur dAene
section will permit profitable production for the next nit!
years.