davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
N|LBERT IS DOING
FIRST CLASS WORK
Company Has Almost Gained
Efficiency Point Where the
Plans Contemplated.

I Upon his return 10 the city Thulsda Y
from the Wilbert property o: idaho
Harry :. Knight gave shareholders a
report OF conditions that is The best
news they have received IN several
months. In the first place he states that
the mine is looking much better than at
any time since last August The cou-
pany lis DRIVING 81 tunnel in developing
lnc ore. being 2o0 feet so FAR on ore uf
hrst-class grade. Iror The first $50 10
@Qp feet this ore weS from one 10 three
rect In width. and the rest OF the dis
lance IL is from I've TO eight feet III
width, ranging from 20 10 80 per cent
lead.
The present face Of this tunnel is $50
everything points 10 the continuation OF
the ore for nj least nnother 1000 feet. as
The vein trends across the property.
There can be no question. therefore, OF
tho splendid position the company is in
from a tonnage standpoint.
Al tho mill conditions arc extremely
satisfactory and there is a steady Inn
and in the metallic extraction. Owing TO
temporary shortage OF water the mill
is operating only twenty hourE daily hut
sc ls handling SiTty-hvc tons In this
period ard g saving OF better than Is
per cent is being made. The ratio of con-
centration Is 3 i5 tons into one. The con-
centrates produced by the plant and
which are shipped to the salt Lake smell
ters run from 80 10 5S per cent lead.
Wilbert officials are confident that the
proposition is UP almost 10 the point
where their expectations placed II and
that the mine and mill Will make GOOD I'm
a manner equal 10 all eXpecta tionz.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
Mines Now Overtaxed.

II the law objected TO IS passed and
all property in the state Is taxed accord
ing to its exact physical value. 1t would
bring about for the first time in the
history OF the state an equality IN tax
alton between the mines and sl other
property. Mines pay on the full value
Of their net proceeds, while all other
property In the state pays and has paid
only or one-third Of the actual value
thereof. In 1911. the assessed value OF
net proceeds Of the mines of Utah, not IN
rluding equipment and improvements.
Practically equaled the assessed valua-
ZION OF all the banks OF the state.
1t is difficult TO see. thereore. why the
state revenue and taxation commission
can assert that mines do not bear their
just share OF the taxa ton burden.
The proposed law would merely en-
large upon the unjust practices Of the
state board OF equalization, which sroi-
trerily rules out certain legitimate items
Of expense In arriving at the net pro-
ceeds. The state board has ruled out
these proper Items despite the act that
the federal government does allow Gevel-
opment work liberal depreciation. sal
aries. taxes. insurance and personal In
jury expenditures In reaching net pro-
ceeds. Among these new items the pro-
posed law would eliminate IS that OF de-
veiopment work done purely 10 determine
the extent prove the continuity OF
known ore bodies for the discovery of
unknown ore bodies.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
Adverse Conditions.

In the first place, there is the Balks n
war In Europe: then there Is the Mexican
situation on this SIDE OF the sphere, and
the likelihood OF a gigantic eastern rail-
road strike within the very near future
makes for uneasiness. There is in the
United States feeling OF unrest and
dissatisfaction. and in very few weeks
new admnistra ton will assume control
of the affairs OF the na ton which is eX-
pressly pledged to q downward revision
Of the tariff. Whatever the rights or
wrongs of the tariff question, the pro
gramme which is scheduled is bound to
make for uncertain stock market condi-
tons.
"To my mind. one Of the greatest
problems TO be solved is that OF the
enormous amount OF watered stock
thrown upon the investing world, prob
lie that is still further complicated by
the fact that much OF this stock Is in the
hands OF the public, innocent purchasers
Such watered stock is not value; 1t Is
merely a. measure OF value, and when
stock represents vastly oyercapitalized
proposition there can be only two real
ways TO bring this stock 10 It's proper
measure of value
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
WHY MINING MEN
OBJECT TO BILL
Present Taxation Is Excessive
and Proposed Law Involves
New Burdens.
VIOLATES PRECEDENT
Reasons Given Why Pro-
posed Law Is lnirnical TO
the Whole State.

Mining men OF Ctsh. and through then
thclr thousands OF stockholders and the
innumerabe lines OF business dependent
upon tho mines. object 20 the bill no"
pending before The legislature in the
matter OF taxing mining property, for
the following reasons:
T. II is the evident purpose OF The
same 30 unJustly Increase the taxa
ton OF the mining industry, which
already bears more than It's fair share
OF this burden.
,. Taxetiou OF mines IL defined by
the constitution, aud the proposed
law would violate all precedent and
common practice IN mining in wrong
fully eliminating, and contrary 10 the
constitution. Legitimate Items Of eN
pense IN res ching the amount OF net
proceeds for taxation purposes.
3. The proposed law would elin1l
nate development work, depr eciation,
salaries taxes. Insurance and per
=ona injury Items OF expense, all Of
which logically and actually are le
gltlr1are expenses TO be considered
before the amount OF net proceeds
can be arrived at. All the legitimate
and recognized expenditures neces-
Sarily involved IN gaining the net
proceeds stage should not be taxed.
T. The proposed izw compels =
mining company or mine owner Ia
submit annually certified maps and
detailed Information OF underground
workings and ore deposits. TO which
none have any right except those
whose funds and endeayors have
made the same possible.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
HALIFAX DEEP WORK
WEAR BIG ORE BODY
Belmont and Halifax Drifts
VIII Be Connected Within
Short Time.

UhomsS kesrus. vice president and di-
rector Of the Halifax Toncpsh compa n5'.
who has been visiting the property in
Nevada, returning yesterday morning by
way OF san Francisco and Los Angeles,
stated TO The Tribune last night that
Touopah looked Ike another Virginia
City The Whole district, he soid. ~as
IN splendid condition, and three or more
new producers have been brought into
the successful list within the past few
weeks. He looks for new mines To be
discovered both east and west OF the
present productive zone, and he is more
confident than ever that the Halifax will
ne one OF these new producers.
The Halifax Hes adjoining the Belmont
drifted upon It's ores 70 within short
distance of the Halifax lines while the
Halifax has drifted toward the Belmont
trschyte formation in which the ore oc-
ours. The Halifax has good values, but
the main Belmont ore body has not as
and an arrangement has been made with
the Belmont company whereby the Bel
mont and Halifax drifts making towards
nected at the line between the two com
panies. This will bring about ideal ven
tllation for both properties The Bel
HoIf Honf has drfed n goG It's SO ore towardS the
z
spending with the l+o0-foot level OF the
Halifax.
The surveys for this connection are
being made at the present time, and It
will not take to exceed sixty days to
bring about the meeting between the
two respective workings.
The Halifax management also Is work
ing on the 1o00-foot level, where fine
values are had, but the large body OF
ore has not yet been encountered. The
management Is continuing Shaft sinking,
the shaft now being below the 1876 foot
level. This will be continued until 1t
drops directly Into the vein and the ore,
which will not be much deeper than the
present depth.
The relations between the Belmont and
Halifax companies always have been very
cordial and they continue so, as Is evil
denced in the agreement to connect the
workgs of the two at depth, and this Is
a spirit that has prevailed In the Tono-
pah camp from the earliest day gener-
ally.
San Francisco. said Senator Kearns. is
lively; several new buildings are being
erected and the effects OF the coming
exposition are already 10 be noticed
there. Los Angeles he found in first
class shape and with no one IN any de-
gree discouraged at the frost recently ex-
perienced that destroyed some OF the
fruits OF the lowlands.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
NEWS IS ADVERSE
TO STOCK MARKETS

James A. Pollock & Co. bankers and
| brokers, furnish the following. received
over their private wire yesterday after
Paine. Webber & Co. Boston-A COM
binaton OF short selling and selling by
tired TIRED dSd holders. also an aoenmulation Of
weak opening today. The market con-
tinued weak until near the close when
there was slight rally. There was no
favora BILE news over the holiday to stInu-
lato prices and we look for little change
In the market situa ton until something
Of generally favorable nature develops
but we believe stocks are lntIipsically
cheap.
Logan & Bryan, New York-All the
uniavorable factors confronting the Sit
uation were employed TO good advan-
side of declining prices Liquidation by
London and the continent contributed
greatly towards the weakness which was
IN evidence today. and the absence Of
the market decidedly weak appearance.
In the last hour selling seemed to have
Temporarily, run its course and prices
rallied moderately but, on the whole.
there appeared TO be little disposition on
the part OF traders to operate to q very
great extent on the buying side.
The foreign news, taken as whole,
was somewhat more hopeful In the sense
that advices denoted that Turkey was
disposed TO make peace overtures. but
reports circulated relative to the status
couraSing and suggested that compll-
cations are not improbable unless hostili-
ties 5ubside materially.
The private advlces suggest that do
mestic LABOR difficulties arc not as acute
as appears TO be the general impression.
and the hope Is entertained that the con-
tending clements will be able to arrive
at such an understa nding as will pre-
clude the probability of a general tie
up We favor the buying side OF the
stock market on a conservative scale
during weak periods.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
Watered Stock Values.

There must be. first. either a recess
sion in market value TO where it belongs.
or, second, there must be such an In
crease in assets OF the enterprise that
the watered stock Is made the measure
of real value.
There has been a total disregard of
the rights OF the pubic in this ma tier Of
issuing warcred stock broadcast, and 1t
stands TO reason that the enterprise must
either charge an eNorbitant price for Its
product from the consumer or the mini
mum OF wages must be paid It's en-
ployees, in order TO reap earnings capable
of paying dividends on the excessive capt.
taliza ton. The presence OF both these
expedients makes for dissatisfied people,
tho no pepp s tg.v
holding aloof from the stock markets
more and more.
"I see nothing in the immediate future
iustifying the belief that anything OF a
peranently improved character market
wise can be expected"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
NEVADA GOLD BUTTE
NEARING GOOD VEIN

Stockholders OF the Nevada Gold Butte
Mines company are In receipt of the fol-
lowing communication from Secretary A
3. GTeeson:
The board of directors OF your company
this day decided TO levy another small
assessment, copy OF which you will find
inclosed, in order that enough funds be
obtained TO complete the annual assess
ment work for the year 1913. while the
men now engaged in that work are on
the ground and supplies on hand TO pro-
ceed with the work without any unneces-
sary expense.
During the progress OF tho work now
being done, rapid advancement in devel-
opment has been made. The tunnel has
been extended fifteen feet, a crosscut
driven more than ten feet, and the an
nual assessment work of 500 per claim
on each OF the three claims located below
the tunnel level
Dan Sheppard, the man We have in
charge OF the work, thinks from all IN
dcations and the ease with which rock
at the face is breaking that we can rea-
sonably expect to encounter the Lone
Star vein soon. and If we do. long-de-
layed good news should be forthcoming,
since we fully expect results OF a decided
ly favorable character when this vein Is
encountered.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
This Is ConGscation.

Filing. as commanded by the proposed
law with the state board of equalization
annually, certified maps and other nfor-
alton, is not only breeding continual
dlscord among the parties concerned. but
II is virtual conilscatlon. a company
or mine owner expending funds OF share
holders TO ascertain exact geological and
meteorological conditions will be forced to
advertise 10 all the world and to those
owning adjacent territory, whether
friendly or inimical. physical conditions
which those not directly interested, or
those seeking to personally and without
expense or risk benefit from the same.
are not entitled 10. Such a law Is eouiv-
alcnt 10 forcing each business man of
t9h TO spread record OF the inner
NEST secrets OF his business affairs to
expose his successful snd dearly won
system. that the world and his imme-
date competitors may derive all the
benefit from the same.
There are many provisions of the Ia ~
that seek to override the clear and lust
provisions OF the cons stltutlon, and the in
tent Of the trainers OF the constitution,
who had an adequate appreciation OF
what the mines meant 10 Utah and who
realized that while cattle, horses and
sneep reproduce their kind, each ton OF
orc extracted from a mine shortens its
life lust that much, and brings the In
iestment that much nearer comnlete
liquid5 ton.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14

TO some extent IN the secondary schools.
1t Is gratifying TO note that the maps
prepared in accordance with the present
high standard and more fully adapted to
such use are coming 10 the attention OF
teachers IN the graded and country
schools. Teachers OF schools located in
the areas surveyed I'm recent years find
the corresponding topographic sheets a
most practical and invaluable aid to their
efficiency and success in teaching ele-
mentary geography. (From thirty third
annual report OF director L. S. geological
Survey.)
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14

W. s. SHELTON, a merchant at Stan
ley. Ind, says he would not take $4,000
for the relief a single box Of Foley 3
Kidney Pills gave him. 81 had a se-
vcre attack Of kidney trouble with
sharp pains through my back and could
hardly Btraighten up. A single boz Of
Foley Kidney Pills entirely relieved
me-" Schramm,Johnson, Drugs, "The
Never Substitutors, Five (5) Good
Stores. advertisement. J
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
SAYS ROCHESTER is
ON MAP TO STAY

Z. VI Griffith has returned from visit
to the Rochester district. and he expects
TO return within very few days for the
ness there. Those VINO know genial
BILL" who is one of tho best brokers In
the business and one OF the old tim e
hustlers OF Nevada. predict that he Will
come out Of Rochester with a roll which.
with careful salting away, will last him
until the day of Judgment. lie says
Rochester Is on the map TO stay, and
sDOndiDy age
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
REPORT OF MASON
VALLEY is COMING

Managing Director w, n Aldrtdge OF
the Gunn- Thompson company, who has
been In this city for q few days. LETT
on Thursday for Mason, New, where he
will inspect Mason Valley mine and
smelter conditions. When seen by The
Tribune. Mr.. Aldridge stated that he had
little or nothing to give out for publica-
ton at this time. but he wanted to state
for the benefit of western stockholders OF
the Mason Valley company that the an
nual report was being completed as
quickly as possible, and that 1t would be
near future,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
GOOD DEMAND FOR
THE TlNTIC ISSUES

The Tintic stocks. and Iron Blosscm
especially. held their lead on The local
mining share market on Thursday, al
though With the exception OF Prince Con
soli6eted The afternoon session was a
period OF neglect. Prince was we'll sup
ported and stihened point during the
afternoon. The sales for the day totaled
19, $50 shares of stock, the market value
OF which was s4925.
The following were the closing transact
ttons:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
Mining Notes

Fred G. Dern has returned from a trip
to Honolulu,
Maurice NJ Johnson. consulting enSI-
neeC OF tho Wtlbert company. left for
the mine In Idaho Yesterday.
4. :. Ross president OF The Cash Boy
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
Bid. | Asked.

The Wants are effectnal in renting
securing roomers or bosrdcys. eettipg
work, buying, selling. exchanging en-
gaglng servants, realizing cash for
household goods, restoring lost articles
aud IN many other ways.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
Ore and Bullion,

The ore and bullion report for Thurs
day. given by Mccormick 6 Co., was as
follows: Ore received, S2if. 900; bullion
shipped, 3230, 600: total, 1851 900
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
Metal Market.

The metal quotations FOR Thursday,
posted by Mccormick & Co, were as fol-
tows: Silver 6Isc; lend. sI5S; copper,
$l5.72i.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14

Leasing company left ThuTsos'
New York :, ,hs q
President Il. p. Jennings ~ a I'D.
Metal company, Is back iru mn
tho property in Bingham - Salt "A
A. ]. orenl. who has been ~ N rcturn
for several days. expects
his Boston headquarters n.rrvhfn'
Vice President James sr %, compsr<
tbe Nevada Douglas Copper
in tine city for q few nu!'
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14

Nevadas in San Francisco.
James a. Pollock e. Co. bankers anG
brokers', furnish the q lowing received
over their private wire yesterday after
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
Boston Mining Stocks.

James A. Pollock & Co., bankers and
brokers. furnish the following. received
over their pricate wire yesterday after
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14

New York Mining Stocks.
James A. Pollock 6. Co. bankers and
brokers, furnish the following received
over their private wire yesterday after
noon:
NEW YORK IISTED ST0CKS
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14

FORENOON SALES.
Colorado. 500 at 15sc.
Crown Point, 100 at &c
Iron Blossom. 1900 at $40
King William. 1000 at SIC
May Day. 1000 at tic.
Mountain Lake. 400 ar 4c
Ptoche- -DemiJohn 1000 al e3c.
Prince Consolidated, 100 al T4c
Seven Troughs. 1000 at 1gc
Swansea lS5 al 1c
Shares sold, $685.
Selling value. S2532 IS.
OPEN BOARD
May Day. 200 at l6so.
Prince Consolidated. 20 at Tsc.
Tlntic Central, 1900 at &c
Victoria Consolidated 100 AT 55c
Shares sold, $50
Selling value. s6Sl 10.
AFTERNOON SALES.
King William. 500 at SAC.
May Day. 300 at 16tc.
Ploche Demijohn, 1000 at &c
Prince Consolidated, 1900 a 75c. s0o a.,
7ic; 100 at I6c.
Shares sold. 300
Selling value. sI579
OPEN BOARD
Iron Blossom, 100 at Sl2cs
Shares sold, 100.
Selling value. s132.50
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14

San Francisco Oil Stocks.
Jafnes A. Pollock & Co. bankers and
orokers, furnish the following. received
over their private wire yesterday after
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14

CATALOGUE PRINrdas;atip rda;.tipcl
Done by the Century A5vertissua'
1857 Postoflice place '
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-14
ore shipments

Ore Sh1pmen''' cam
The Utah Ore sampling q S9~ ore
ITtah and 2 cars from NeVe-
The Pickens sentinel. (Pickens, S.C.) 1911-2016, 1913-10-09
Bill is
Now a Law

Surrounded by leaders of a
united Democracy, President
Wilson at 900 o'clock last Fri
day night signed the Under
wood-Simmons tariff bill at the
White House. simultaneously
kilograms We're sent to customs
collectors throughout the coun-
try by the Treasury Department.,
putting into actual operation
the first Democratic tariff revis-
ion since 1894,
A happy group of legislators,
members of the Cabinet and
friends encircled the President
as he smilingly sat down and
slowly affixed his signature with
two gold pens.
He presented the pen that had
written the word Woodrow"
to Representative Underwood of
Alabama, and the one that com
pleted his name to Senator Sim
mons of North Carolina, both Of
whom bowed their appreciation.
EMANCIPATION OF BUSINESS.
In impressive silence the Pres
ident rose and delivered in easy,
natural tones an eXtemporane-
Gus speech that Brought pro-
longed applause. He declared
the journey of legislative accom-
plishment had not been com
pleted; that a great service had
been done for the rank and file
of the country, but that the sec
ond step in the emancipation of
business was currency reform.
He earnestly called upon his
colleagues to go the rest of the
journey with fresh impulse.
NINE MONTHS OF WORK.
The new tariff law, passed
four years after President Taft
signed the existing Aldrich-
Payne law, is the result of more
than nine months Of work in
Congress. Hearings were start
ed January 6 by the House
Ways and Means Committee.
Chairman Underwood intro
duccd the tariff bill April 7, i'm
mcdiatcly after President Will
son had convened the new Con
gross. 1t passed the House May
8 and the Senate September 8.
In the opinion Of it's makers,
the Democratic leaders of Con-
gress, the most important fea-
lures of the new tariff are:
"A reduction of nearly one
half in the average tariff on
foodstuffs and farm products.
The placing Of raw wool on
the free list, and a reduction of
nearly twO-thirds in the tariff
on WOODEN clothing, especially OF
the cheaper grades.
a reduction of one-third (av.
erage) on cotton clothing.
Reduction Of the sugar tariff
and its ultimate adjustment ir
The Pickens sentinel. (Pickens, S.C.) 1911-2016, 1913-10-09

1916.
A reduction of one-third (ay-
erage) in the tariff on earthen-
ware and glassware.
Adjustment of all tariff on
meats, fish, dairy products, -four,
potatoes, coal, iron ore, lumber
ana many classes Of farm and
Office machinery.
GENERAL TARIFF REDUCTION.
General tariff reduction on all
important articles in general use.
Throughout the long fight
over the bill, the Republican at
tack on the measures has been
directed against those rates
which the Republicans declared
were so low as to threaten de-
struction to American indus
tries, through the competition
OF foreign manufacturers. The
Democratic supporters of the
new law have insisted that ''ex-
cept in those cases where public
welfare demanded radical
changes, the tariff has been re-
duced only to a point where it
vii! stimulate competitions"
without turning American mar
kets over to foreigners.
A great amount Of work will
fall upon the Treasury Depart
ment, it is expected, in working
out the details of the new in
come tax and the methods of
collecting the direct taxes from
Individual citizens of the United
States. The tax upon corpora
tons, now fixed at one per cent.
Of their income, remains the
same, and becomes part of the
general income tax law. a
staff of special deputies, collect
ors and agents will be employed
to organize and conduct the
work of income tax collection.