The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-08-27
THE GREAT WESTERN
HOLDS ANNUAL MEETING
COMPANY is CONTROLLED ~
STRONG DULUTH BUSINESS
MEN-ELEcr OFFICERS.

Inc annual meeting OF the StOCk-
holders of the Great Western Mining
company was held In this city today.
A large majority of the stock was rep.
resented in person or by proxy. The
property of the company Is located
above Burke and is regarded as one
Of the most promising In that favored
mineral section. The report of Man.
ager w. w. Russell showed that good
progress was being made In the shaft
which was recently started and Is now
down about II feet. The present
shaft Is being sunk some distance from
the old one, which was sunk on the
vein n few feet to prospect very
promising shoot of ore. Owing to the
strong dip of the vein, 1t was decided
to start a vertical shaft rather than
to continue the first one and the new
shaft will probably cut the vein at
depth of over 35 or 40 feet on its dip.
when the ore shoot is expected to show
Improvement In character. The form
alton is Burke quartzite and the north
side Of the shaft Is now strongly min
eralized. In the tunnel short dis
tance from the shaft there is over two
feet Of ore. part of which would al
most pass for shipping grade
Officers Elected.
! The stockholders present and par
ticipatng in the meeting were F. p.
Robinson of Duluth, Minn., c. Fred
Kratzer Of Spokane. w. w. Russell Of
Duluth, George T. Edmiston and
James F. Howarth Of Wallace. The
following directors were elected for
the ensuing year: w. w. Russell. Vic
tor Huot and F.. p. Robinson, all Of
Duluth; c. Fred Kratzer of Spokane,
John ]. Jenkins of Manchester, N. H.,
r. X. Carnes Of Royalton. Minn., and
George T. Edmiston of Wallace. OF
these w. W. Russell was elected pres
dent and general manager, Victor
Huot vice president and George T. Ed
miston secretary treasurer.
Duluth People in Control.
The control of the Great Western IL
held in Duluth and this has come to
be regarded in this district as q most
fortunate circumstance. Much Duluth
money has already been invested In
the mines here, and 1t has come from
the substantial business men of that
enterprising lake city, the center OF
the great iron mining industry, who
understand that 1t takes money to
;on ha tpu uyfth tho fufon.
ton of staying with the proposition
until results are accomplished Dull
nth men have made good in the Occur
dAlene district and 1t Is expected that
they will score another success In the
development of the Great Western.
A Business Mans View.
r. p. Robinson, one Of the directors
Of the Great Western who attended
the meeting of the stockholders, Is q
prominent drygoods merchant Of Dull
nth. He had just returned from New
York prior to his coming west and he
described the unsettled business con-
dition In the metropolis as something
never before witnessed in the history
Of the country due to the European
war. However, he sees the silver lin
ing, and expects to see the business
interests of the United States emerge
from the present chaos and become
established on firmer and broader
basis than ever before. He expects
American goods to supplant those Of
Europe in the markets Of South Am
erica and the orient with the result
that this country will enter upon a
period of unparalleled and perman-
ent prosperity. He looks forward to
see the metal mining industry receive
Il tremendous impetus, and he regards
1t as possible that silver may be re-
stored as basic money metal, made
doubly necessary by the lack Of gold
to meet the demands Of the worlds
business and by the extension OF our
trade to countries in which the med
ium of exchange is almost wholly sill
yer.