The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-08-29
CAPITAL SEEKS investment
IN WORTHY MINING STOCK

W. B. Fisher of Butte, who, previ-
GUS to January, 1908. was general sup
erintendent of mines for the Federal
Mining and Smelling company, and
who resided In this district for more
than two years, spent a portion of the
week in the city and vicinity of Wal
lace Mr.. Fisher is now general man
ager for the Davis-Daly Copper COM
pany Of Butte His trip here is not in
any way connected with business, but
merely to afford the opportunity to re-
new the pleasant acquaintances enjoy
cd with many Wallace friends and for
mer business associates. He was ac-
companied by his daughters, Misses
Mary and Eleanor.
Mr. Fisher takes a very optimistic
view of the outlook for the mining in
dustry and believes conditions were
never more promising. Asked for an
expression of his views he gave The
Miner representative the following:
Il think there is very marked in
crease in the interest of the general
investing public in metal mining, and
especially in copper. This is largely
due, in my judgment, to the great sue
cess of the 'porphyries,' such as the
Utah Copper Ray, Cheno and Miami
all Of which except the latter have
under the very able management of
Mr.. y. c. Jackling of Salt Lake City,
not only made good all that was proph
esied for them but have done even
better in the way of developing huge
tonnages and through modern meth
ods of mining and concentrating, pro
tluced copper at lower cost per pound
tEan las ever been accomplished be-
FIRE 1t has been the policy of the
management of the porphyry compan
les to render FREQUENT and exact state
mems Of their affairs, and by so do
ing. all the stockholders, both big and
little, are kept equally well informed
vi tIlc ISSultS VI tllCii lliN CStliICIltS.
"ln the past many persons have
been led to buy stocks of prospectirs
mines when influenced by the far too
optimistic promises of irresponsible
and inexperienced promoters, only +
find later that the facts were very diff
ferent and heavy or total losses re-
suited In the cases of the mines be-
fore mentioned, the reverse has been
the experience, and everyone invest
ing in their stocks when they first
were put on the market, has been able
to realize tremendous profits. This has
caused renewed confidence in mining
and has also taught the speculative in
vestor to follow such men as Mr.. Jack
ling, ]. Parke Charming and other able
and responsible mining men, to the
great profit of all concerned The re-
suit is that anyone having a really
good prospect for a mine can now. get
ample capital for it's development and
equipment, providing 1t can pass the
thoroughly and scientifically business
like examination of mining engineers
Of known standing.
1T seems to me that in the Occur
d'Alenes as well as in other portions
Of the mining country west of the Mis-.
souri, there never has been time
when a proposition of merit could be
so well financed and handled as now
The high price of spelter for the past
few years is undoubtedly due to an
increased demand and the mines OF
Missouri, being no longer able to pro-
vide an increased output the search
for other zinc producers has been great
ly stimulated, and mines that some
years ago were not considered desir-
! able investments because of the heavy
per cent of zinc in their ore, are now
eagerly sought if they seem capable
of producing large tonnages.
"In Butte there is a. decided revival
of mining north of the great copper
belt in veins that were silver produc-
ers near the surface, but which rar
into zinc with depth.
I'm the 32 years during which have
known Butte, the district has nevel
seemed to me so active and prosperous
and confidently expect to some da!
see the output of zinc equal that Of
CONNER"