The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-05-29
First of Profit Assessment.

tofore compiled and published in a
newspaper
First Of Profit Assessment.
About II years ago law was pass
ed by the legislature of Idaho provid-
/ ing for Il net output tax on the pro-
words a tax on the profit, this to he
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 L. 1t should be borne in
mind that all mills, buildings, machin-
cry and surface property of whatever.
nature is assessed and taxed as all
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 was
effective for the year 1908, and to
date the records of 10 wears are found
IN the assessors office. Every item
is totaled for every year, and In addi-
ton is the grand total for 10 years.
Explanation of Headings.
There appear In the table nine col
umns. 1t might have been confined to
seven had each company given the
cost of transportation and reduction"
as one figure Some give 1t as two
items. 1t is simply a difference in the
method of bookkeeping. Columns 5
and 6, II added together should give a
figure for column 4. The Miner has
simply adhered to the report on rec
ord in copying the figures The trans
| portation charge goes, of course, to the
railroads and reduction to big smelt-
ers practically all over the west and
east where this particular ore is in de-
mand.
Some of the nine column headings
may need explanation to those not fa-
miliar with mining.
Total Tonnage Explained.
The first column Is the total tonnage.
With a few exceptions this is every
thing that Is sorted and shipped dir
ect from the mine and all the product
of the mine that goes through the
concentration to be reduced for ship
ment. The exceptions seem to be
where the reduced product. or concen-
trates, as they are called after being
saved in the mill and the sorted ore
shipped direct from the mine are add
ed together and reported. The basis
Of figuring would make no difference
except in the value per ton.
Total Value and Production Cost.
Total value is most interesting fig
ure and accounts for over Sl44000, 900
| I'm the 10 years of the 25 years or more
some of the mines have been produce
ing.
ton and it reaches nearly S43, 100000
This goes most largely for home la
Dor. The column of betterncnts, i'm
provements and repairs Seventh col
|
considered with this The two reach
nearly $5O.0oO,0O0.
| Columns 4. ) and 6 are explained
above. They total nearly $44,ooo,0o
This too. goes largely to labor in
other parts of the country
Profit or Loss.
The third column is the net profit
This is taxed. The total for 10 years
is near $33,5OO,0Oo. 1t is tangible evil
dence of the greatness Of the district
proof that mining in the Occur
d'Aenes pays.
In the last column is represented
nearly $1,0OO.OOO reported loss. 1t is
comparatively small.
The Metals Mined.
| Practically all Of this great produc-
| ton 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 ysar was about a third
of that of the United States and a
ninth or tenth of that of the world.
Some years it has been over 40 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 dAlenes among the Is biggest
silver producers in the United States.
Copper production in the Occur
dAlenes Is accounted for in the able
in the s:nowstorm figures. Gold pro-
duction is confined to the Golden Chest
at Murray The biggest gold produc-
ton of the camp was before the state
required net output reports. Zinc
WAS quite an item last year and is
rapidly growing bigger. The Success
was the biggest shipper.
For convenience the cents are omit
ted in all the figures. It takes little
from the totals
Some Of the Newcomers.
The Stewart is a new and large pro-
Queer Next year the Tamarack Gus
ter Is likely to show big in the record
1.-THE Caledonia has legal compiled lions
which prevented working II has big
production ahead. The Interstate
Surprise are sure TO be prominent or
the list next year. and there are mum
Ierous others which are sure.
M 4