The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-07-16
BELIEF THAT A. 5. 8 R. COMPANY HAVE
NO COMPETITION COEUR DALENE ORE
INTERNATIONAL MAY WITHDRAW OF PRESENT
coNTRAcTs-THE MINES ESSENTIAL TO MoNop.
oLzNc THE LEAD OUTPUT OF THE DISTRICT

Bunker Hill matter comes up the
smelling company will be able to prove
that the majority of the ores" then
being received are those Of the Federal
company and, in accordance with its
contract, the Bunker Hill may be
obliged to ship for a period of five
years under the onerous conditions of
the Federal contract
The Stewart contract, which expires
next May, contains a clause by which
the company agrees to ship to the
American Smelling & Refining COM
pany for further period Of five years
under the exact terms agreed to be-
tween the smelling company and the
Bunker Hill & Sullivan company on
June I, 1915" This clause may also
bring Stewart in under Federal rates.
This would give the Guggenheims
practically the entire output of the
Wardner mines, with the single excep7
tion Of the Ontario, and the ores from
same hands when the present contract
with the International expires.
Day Interests Are Necessary.
The Guggenheims certain1v realize
that no attempt to monopolize the
output of the district would be possi-
BILE without the cooperation OF the
Day interests, controlling the great
Hercules the Tamarack & Custer and
other valuable properties that may be
expected to enter the producing stage
from time to time.
1t was undoubtedly to secure smelt-
ing control of these interests that
Harry Days services We're sought as
president and general manager Of
the Federal company and it seems
reasonable to assume that some bind
ing agreement was at that time made.
While Harry Day is generally recog-
nized as a first class mining man who
possesses ordinary shrewdness, it is
not believed by any who know him
well that he accepted difficult and
thankless task at comparatively small
salary merely for the pleasure of
drawing such salary.
It is believed in many quarters,
however that the Guggenheims con-
template the extension Of their smelt-
ing operations and that in return for
delivering the product of the Hercu-
les and other mines, Harry Day has
been promised a position with the
{py,
and at the same time make him a fig
ure in the national business world.
Hercules Won't Stand for Federal
Contract
The crucial point In the plans Of the
trust will probably be reached next
spring. when readiustment of the
existing smelling contracts must be
made. The Hercules contract the
most liberal in the district, expires
with practically al! others but the
Federal and Bunker HID in May and
it will be interesting to see whether
o. not the DAYS are again able to
force the concessions secured when
Harry Day assumed his position with
the Federal company.
If any effort should be made to
force Hercules in under such a con-
tract as that of the Federal it Is more
than likely that the bonds of amity
now existing between the two parties
would be sundered with the eventual
result of fe-sized fight all along
the line If the Days hate agreed to
enter a consolidation of practically all
the mines of the district what proper
tion will they demand for their inter-
ests? They have become very power
full factors in the lead mining world
by the wonderful developments at the
Hercules and it is not believed they
will give mp that position without
lions share Of the profits. Without
the aid of the DAYS it is evident that
the trust will not be able to monopol-
ize the outnut of the district and the
former have now reached a financial
position which enables them to enter
the smelling field themselves If they
see fit Whether or not they possess
the necessary amount of nerve re-
mains to be seen, but the op-
portunity for such display will prob
ably arrive next year.