The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-02-06
FEDERAL EXPANSION.

Il takes time to work out big propo-
sitions in mining as 1t does in all Other
fa2at enterprises. 1t is not expected
.s4t the public win at all times be ia
isn into the confidence of operators,
certainly not till desired results are
contaminated, or safely shaped to be
50. The expansion Of the Federal com
pany's holdings and it's close connec-
zion and probable bearing on the Day
interests are recently subjects Of much
interest and comment not only here
in the Occur d'Alenes. but in mining
centers and In mining journals all
over the country.
Heretofore, especially in this upper
part of the Occur d'Alene district, 1t
has never been the policy Of a pros
porous mining company to expand, to
enlarge its holdings and in advance to
secure long lease Of life. While an
unquestioned fact. it has seemed un-
accountable, for vast fortunes have
been made for many and failures with
legitimate effort have been remarkably
few
The purchase of the Star mine by
the Federal company in the Mullan
district. the acquiring of the Frisco
group on Canyon creek, and the re-
ported optioning Of all intervening
ground--these, with the requirement
of the Green Hill and Cleveland are
the most important mining transact
tions in the camp for many years
Most Of this has to do with known ore
bodies proved at great depth, and the
balance is the most promising unde
veloped mining ground in the district
so situated as to be opened at once
at great depth.
glance at any good map of the
Occur d'Alenes will show the extern
sve holdings of the two interests, the
Days and the Federal. Beginning with
the Morning group, almost the east
ern limit of the producing district
above Wallace. they extend across all
the Canyon creek section and almost
to the limit Of the producing country
on the west, In the Nine Mile section
The joint holdings embrace the most
important part Of all the ore produc-
ing territory east. northeast and north
of Wallace, and with half dozen ex-
ceptions, all the present producers.
Through the shaft of the Mace
mines and the drifts from 1t all the
ground west and northwest of Canyon
creek could be worked at great depth
with no great extensions. and nearly
or quite the same depth could be had
east and southeast through the Frisco
Shafts through which this work would
be done are already sunk and in use
much Of the tunneling is done in the
right direction, all outside equipment (
Is at hand and in use and milling and +
facilities are there.
1t is entirely reasonable to expect
operations of this magnitude. Com (
nenting on the report the Chicago
Mining and Engineering World says
ut is rumored throughout the Occur
rAlene district that the Day and Fed
raj interests VIII combine their hold
ngs in new and heavily capitalized
which will succeed the Fed
raj. The first move to this end was
accomplished, according to the report
When Harry l.. Day was placed in
barge as general manager Of the
federal mines in the district and the
econd move is said to be the purchase
f the Star mine at Mullan, which deal |
as just been completed. That the
'ederal must make some move of this
ind Is we'll known fact, as practic-
lly all of its mines. outside of the Q
forming at Mullan are nearing the [
init Of their productivencss. Outside
( the Bunker HILL the Days are the
ext largest mine owners in the dis
riot, having the Hercules and Con !
ulster holdings, which include the c
Chesapeake and Custer |
Properties. The Day mines are all in !,
heir Infancy, and It will be many
ears before they have reached their =
maximum output Z