The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-11-20
EXPLANATION Of
TABULAR STATEMENT
or STATE LAW
FOR PURPOSES or TAX.
ALTON.

| About II years ago law was pass
ed by the legislature Of Idaho pro I'D
ing for net output tax on the pro-
duct of the mines Of the state. IN on
or words, tax on the profit. this TO
| be given to the county assessor on
sworn statement Of the manager or
designated official OF each producing
mine. These statements are based
upon the operation and product Of
each mine during the calendar year
preceding the assessment In the spring.
about May I. 1t should be borne IN
mind that all mills, buildings, machin-
cry and surface property Of whatever
mature Is assessed and taxed as al
other property. This alone is very
large item in the valuation Of Sho-
shone county. Patented mining claims
are assessed at flat rate per acre.
The first net output assessment vas
effective for the year 1902, and to dr.
the records OF II years are found IN
the assessors Office.
Explanation Of Headings
There appear in the table nine coll
umns. It might have been confined 70
seven had each company given the
cost OF Transportation and reduction
az one figure. Some give It as two
items. 1t is simply difference IN the
method Of bookkeeping. Columns 8
and s. II added together should give \
figure for column 4. The Miner has
simply adhered to the report on rec
ord in copying the figures The. trans
portation charges goes, Of course, to
the railroads and reduction to big
smelters practically all over the west
and east where this particular ore Is
in demand.
Total Value and Extraction Cost
Total value Is a most interesting ng-
ure and accounts for $156,S5l,9S1 IN
the IL years of the near 80 some u
the mines have been producing.
The third column is cost Of extrac-
ton and 1t reaches over $63,000.0OO.
This goes mostly for home labor. The
column of betterments, improvements
and repairs (seventh column) nearly
100000, should be considered with
this The two reach nearly $65,00o-
900.
Columns 4, 5 and are explained
above. They total nearly $50,00c,oO0.
This, too, goes largely to labor In 9TH
|e- parts Of the country.
Profit or Loss.
The third column Is the net profit
This is taxed The total for II years
is near $40,0O0,O00. 1t is tangible evil
dence of the greatness Of the district.
proof that mining in the Occur
d'Alenes pays.
In the last column is representa-
nearly $1,O0O,000 reported loss. 1t Is
comparatively small.
The Metals Mined.
Practically all of this great produce
tion comes from a territory probably
not over IS or 20 miles east and west
and 10 miles north and south. Lead
is the chief item. The Occur d'Alene
production last year was about third
of that of the United States AMI
ninth or tenth Of that of the world.
Some years 1t has been over 10 per
cent Of that of the United States. Sill
yer production of the camp Is usually
near 100000 ounces annually. Last
year there were three mines In the
Occur d'Alenes among the Is biggest
silver producers in the United States
Copper production in the Occur
d'Alenes Is accounted for In the table
in the Snowstorm figures. The big
gest gold production of the camp was
before the state required net output
reports. Zinc was quite an item last
year and Is rapidly growing bigger.
eIi