davidaulloa/AmericanStories huggingface dataset:
The day book. [volume] (Chicago, Ill.) 1911-1917, 1915-07-19

valuable forest have been cut down
OrEswept away by shell fire. Thou
sands of square miles Of territory is
ruined for cultivation for the next
two generations, because the trench
work digs up the sterile subsol.
All of Southern Belgium and
Northern France, all of Poland, much
of East Prussia and much of Galicia,
are covered with endless net works
Of these trenches.
Aside from the list of war vessels
that have been destroyed, a list
astoundingly long when you come to
look at the whole Of it, about $50
merchant ships have been sunk,
some of them of great value.
The destruction of tangible wealth
in the San Francisco fire disarFanged
finances for the next two years and
created the conditions upon which
the panic of 1907 was pulled of. The
losses at San Francisco, terrific as
they seemed to be, were literally
trifes compared with the losses al
ready wrought in this war.
BY Feb. 1 next the national debts
Ofthe warning nations viii have been,
doubled, and yet these totals that be-
wilder the imagination viii represent
less than half of the real total of
cost, for the destruction of property
will be at least as much more.
This means tangible wealth When
we come to the losses inflicted upon
business in all lands and the national
expenses sustained by the neutral ma
tions of Europe, of which little has
been said so far, the mind whirls in
any. effort to grasp the entirety of this
cataclysm.
Take, for example, little Switzer-
land. What has she to do with this
war or this war to do with her? Here
are 100000 people not one of whom
is concerned in this frenzy of homi-
cidal mania, and yet observe what it
has done fO fhnO1
The day book. [volume] (Chicago, Ill.) 1911-1917, 1915-07-19

carry out it's threat Of annexation.
This cost the nation nearly 100000
a day. From November to May this
was somewhat reduced, but the like
HhOOd that Italy would enter the war
renewed the danger Of German inVa-
sion and the country once more re-
guired her soldiers on her boundaries.
In May she was spending more than
$15O,OOO a day on military activities
in a war she had nothing to do with
and yet had cost her Sac, 100000.
At the same time the tourist bust
ness, on which the country largely
lived, had been ruined, the great
hotels were closed, the chief in
dustries hard hit.
Or take Holland, maritime cOun-
try with a par-paralyzed commerce,
a manufacturing country with war
paralyzed industry. Its army is mob
iIized and it has spent 100000, 900 in
military expenses.
Up to May 1, Italy, a nation at
peace, had spent more than $780,
OOO,O because Of the war. On the
people of Spain, Greece, Portugal,
Sweden, Norway and Denmark heavy
burdens had fallen.
AS we have seen in the other
phases of the war problem, the bur-
den of all this disaster will fall in the
end upon labor, which alone created
the wealth thus destroyed and alone
must pay the bills with it's sweat and
sacrifice. Upon labor will fall the I'M
endurabIe tax burdens; here again
for every hour of this mad riot of
destruction every toiler of Europe
must work the harder and fare the
worse.
At the same time the European
tOilers will be deprived Of their most
efficient protection. In the last two
decades the labor union in Europe
had attained the greatest develop
ment it had even known. Today II is
Arizona republican., 1915-08-29
Arizona Copper Go.

This company at Clifton reports for the half year ended March 31, 1915 q profit of s1S7.S99 before payment of de- penture interest and dividends and a balance before payment of dividend on the ordinary shares of e137, 1903 from which common dividend of e75.995 Was paid
 The production of copper for the half year was STA tons against e4sa tons for the corresponding period Of last year and 9909 tons for the half year ended Sept. 30. 1914. The ouestion or recovery of copper from tailings bv means or oil 1loatation is still under 'oisioeratlon. Agreements have been entered into which will enable the com pahy to introduce oil floatation when experiments that are being carried through at Clifton have demonstrated "hlch particular process is best adant- eu TOT treating the company's ores
Arizona republican., 1915-08-29
GOLD AND SILVER INCREASES
Production of Precious Metals for 1914 is Nearly Nine Million Dol
 lars Over the Previous Year

WASHINGTON. Aug. 23.-Increased production of both bold and silver in the United States for the calendar year 1914 as compared with 1913 is shown in a statement issued today by Director of the Mint Wooley.
 The gold output was 4.572,976 fine ounces. valued at $44.531 800 and sil- yer. 72.455.1O0 fine ounces. the com mercial value of which was S4OO67, TOO. Gold produced was greater by s5.647,0O0 than in 1913. and silver was greater by 5,653.60O fine ounces. or s3,126.4OO.
 Nevada and Utah showed the prin- cipal decreases in fold production s441.2OO and $193.30O. respectively while the increases were: Colorado, s1,192. zoo; Alaska. s1,347.90O: Cali fornia, $1,01O60O and Montana, SS22, 700.
 Idaho showed the largest gain in
Arizona republican., 1915-08-29
COPPER MINE IN NEW HANDS
Twin Butte Holdings Go to Ameri-
 can Smelling

TCCSON.-At q price reported to be s4OO.000 the American SmeltinG and Refining company has purchased the Baxter and Bush copper proper tv at Twin Butte A first payment of $1OO.OOO was made. Other pay ments are to be made in twelve, eighteen and twenty four months.
 Active development work is to he undertaken immediately by the American Smelling and Refining company. ore win be shipped regu- larly to Fl Paso.
 Six claims are included in the group The Minnie is the big pro- ducer.
 It is said that a copper mine is a rich mans proposition, but this has proved q noteworthy exception. About a year ago E. c. Bush took bond on q half interest in the property from William Reid and Alexander Rossi. J. c. Baxter owr- ed two-thirds of the other half. The other third of the Baxter half was owned by Mike Irish. who had re- turned to Ireland some time befores and still lives on the Emerald Isle.
 With an outlay of only $350. Bax- ter and Bush began work. They found pheEOmenally flch StIlnseI of copper ore almost at the grass roots. and in a short time had ship ped q carload to the Hayden smell ter. The returns were far above the cost of extraction and shipment
 With the funds received from ore shipments Baxter and Bush sunk their shaft to a depth of 1l5 feet. At that depth they starred drift. which is now 175 feet in ore which assays per cent copper and three ounces silver to the ton. At the time they sold they were shipping 200O tons of ore monthly. The net return from each ton was S12.20.
Arizona republican., 1915-08-29
shannon Copper Go.

me report of this company at Met CaII can Tor 1914 shows a net profit of S'o'lo4S from a production of Q 0O3 1eq IDS of copper 1295 oz. of gold ana o9'o03 oz. of silver. The averoga prlce received for copper was IF s2Gc and for silver 55.7sC. Proceeds iron, all metals amounted to 291 53q operating expenses were s992. .527 and ireiSht' refining and eastern ex- Pehses. Sl2fS44. Development. inter- est and taxes amounted to s69.974 ana other income. S21.525. There wa also a charge of -23.739 for exnenses while not operating during the fourth quarter or the year. and $3331 for a net loss on the operation of the Shan hon-Arizona Railroad Co.
 Durlng the nine months of oDera- tons the shelter treated 154.3OO tons ol ore rom the shannon property and "S'99' tons from outside claims. The average copper extraction from the ores Of the shannon mine was PIC IDS Der ton and 16.6S lbs. Der ton rom the outside properties. The average cost of copper sold in New ork was l2.26c per h., net current assets Tn excess of current liabilities amounted to s349,3SS, exclusive of SSSS'oo0 of Shannon Arizona railway bonds. which its company holds in it's treasury. There are now only Sl9S 900 or these bonds in the hands of inc public out of an original issue of Seou,OOo. During the year 4462 it. of drifts and crosscuts were run at a cost of s25,659, about s5.75 Der fl. Operations were resumed in full on March 1. 1915.
Arizona republican., 1915-08-29
SUIT OF CAMERON VS. LAND
 OFFICE

Involving 2 point Of law which never before lis been fought out in tke United States district courts, the suit of Ralph Cameron Vs. Thomas F. Weedin and John J. Birdno, of the United States lana office at Phoenix, for an injunction restrain ing them from hearing unpatented mine claim charges against the plain- tiff. was started in the federal court yesterday before Judge Sawtelle.
 The question is new one and should be of great interest to men in mining all over the United States, according to Attorney Robert E. Morrison. who is representing Cam eron. Three years ago q United States mineral inspector preferred charges in the land office against Cameron claiming that q number of unpatented mines located by him contained no mineral whatever. Cam eron at that tune was notified, and after an inyestigat tion the question was dropped until recently, when it being brought up caused Cameron to file g complaint in the federal court
Arizona republican., 1915-08-29
Ratio of

against tine land office. Cameron's position is that the point should be decided by the courts instead of the land office. which could not be neut- ral in the matter. according to his attorneys.
 The land office holds that it has jurisdiction in the case and also that the court has not jurisdiction to interfere with the proceedings of the land office. The land office insists that ii has jurisdiction to initiate proceeding in the land office on be- half of the federal government against 1ocators of mining claims in a case in which no application for a patent has been made. It is the opinion of the plaintiffs attorneys that unless a mine has been patented or application has been made for patent the land office cannot pos sibly have jurisdiction.
 Morrison declared yesterday that the question had been decided by As sistant Secretary A. A. Jones, of the apartment of the interior on October "A, 1919. when he made a decision in Q similar case, ruling in favor of eX parte Smith and Nichols. and stating that after careful consideration of
Arizona republican., 1915-08-29

Every stock on the above list gives ample evidence of the fact that IT. cent copper has not yet been dis counted. All of them are selling at price equivalent to above J0Gt on the present quotation and some sell above 2OcI
 It should also be observed that even if copper should sell as low as r cents for the remainder of ths year, the average for the year would prob ably be considerably better than this. During the high metal prices of the late spring large buyers were literally falling all over themselves to lay in q sufficient stock of metal to enable them to fill their orders for the re- mainder of the year and a great deal of buying was done for future deliv- cry. Accordingly many producers will sell copper for some time to come on a 20-cent basis, whereas the mar ket for the metal may be somewhat below that figure. This would of course make the present estimation of earnings on 17-cent metal and earnings for the present year two en- tirely distinct things.
 As for the future of the copper metal market, it seems to be the general opinion that the advent of a
Arizona republican., 1915-08-29

brisk buying movement is imminent. It is pointed out that the second batch of war orders as it is commonly termed will bring number of firms into the market for copper with which to fill their contracts. Thus far few of the large producers have shown any inclination to come down from their prices While they have stood pat" smaller producers--without the funds behind them that larger companies have, have been forced into the market. Naturally their sales have been the ones on which the present quotations of the metal market are based. There is little doubt that when the large producers do begin to sell it will be at a figure somewhat above the current quotation.
Arizona republican., 1915-08-29

nopah, New. ,rere discovered in 1900, when the mir:ng industry generally in Nevada h&d sunk to d very low level The discovery greatly stim- ulated prospecting and led to the revival of mining throughout the state The district has produced silver and gold to the total value of more than $6o0oo000 from veins in Tertiary volcanic rocks.
 The discovery of gold at Goldfield in 1902 was ;t direct outcome of the development at Tonopah. The de- posits here also occur in tertiary volcanic rocks. but in form and character they are entirely different from the TOnopah veins. The total production from. Goldfield to the end of 1918 was over $G5.000.9OC in gold and silver. Of late years considera- ble copper has been recovered from the concentrates of the Goldfield mills. COVrland Guidebook. Bulletin 612. C $. Geological Survey)
Arizona republican., 1915-08-29
Magma Mine

work at this property in both mine and mill is progressing very steadily ana satisfactorily. The main crosscut on the 300 fl. level has cut the vein ana Tor the first feet assays in copper contents 11 per cent silver l3 oz- ana gold s per ton. Five feet ahead of this assayed per cent cop per with some silver and gold con- tents. The face of this crosscut is still in mineraliZed vein material bearing chalcocite and chalcopvrite. This is considered the hanging wall streak of the veir These ore condi- tions have also been encountered on the 1000 foot level and it is expected that the mine never looked better.
Arizona republican., 1915-08-29
A New Copper Area Openinq Up

An important mining deal was con- sumatcd in Phoenix last Wednesday by Eastern capital and the Harris Copper company. Fred r. Harris represented rhe interests of the company and Terry Buminel and J. c. Gillespie those of rhc parties becoming interested The latter parties intend to commence op- rrationS within the next 50 days. The property was first located and given attecticn by C. C. Harris now de- ceased. he cid sufficient work to prove The ground had some possibilities and warranting further development to eX- posse ore bodies like the Ray Copper Co.'S ground which it adjoins on the south. The latter company is down to depth of over 300 feet. with drifts and cross cuts at intervals. These have -NpoSed large bodies of disseminated ores in the schist and of very satisfac- tvry commercial value. In the schist Is also seams and lenzes of high grade sulphide ore and one body is reported to be o0 feet in width of solid chal- c"pyrite ore Sixteen car loads of ore have been shipped from this property tn the various smelters and has varied from Der cent to Is per cent per ton.
 The properties have been examined hFlN recently DN several minln2 en- gineers who have passed very favor ably upon them and predict great fu- tute for the district. Hitherto the dis trict from cary days has only been given attention for it's high grade gold and silver ores and since the palmy days of Tip Top little work has been done and practically none up to three years ago. for any demonstration of copper But there is no wonder at this aS the surface showing is very slight and remains very meaGre down to a depth of 90 feet where it becomes more iu evidence. but depth of loo feet has ro he attained before the naturalization becomes visibly pronounced. The cap italiSts acquiring the property are prac- tiral and successful business men. with am the necessary financial backing to carrv out any project they undertake and as predicted bv mining men the area has the possibilities of developing into one of the important camps of Arizona II is important tO Phoenix also tc have such large developments Tredicted within 50 miles of the city.
Arizona republican., 1915-08-29
ARIZONA COMMERCIAL
Strength Based on Reports of Ex- ceIIent Underground Conditions
 and Output

The strength in Arizona COmmer q cial today is based on excellent re- ports of underground conditions and output. The most important devel- opment for some time has been the cutting through the Budget fault on the twelfth level. The superinten- dent reports that the ore is found richer on the east side of the fault, thus showing it's continuation. The effect of the fault has been found ore body vertically 150 feet and lat . orally 20 feet. The ore body was continuous through the fault and is disseminated chalcopyrite and glance averaging 6 per cent for the entire width with the best ore on the footwall CT east side.
 The developments on the 1400-foot level have not fulfilled the hopes of the management yet but Superinten- dent Boyd is confident of the out come of developments there. A cross cut is being run from the Eureka shaft and it IS expected to get ore soon, the same as in the Iron Cap property adjoining.
 Production for the first eight days of August was 1,40O tons and it is expected to maintain that rate of output. Underground conditions gen . orally are excellent The grade of smelting ore is about 512 per cent copper and the concentrating ore is running per cent. The last B feet of the raise from the 1300-foot level to the 1400-foot was in ore.
Arizona republican., 1915-08-29

the case, presented by the record of the department. he was convinced that the policy followed by the iand de partmeEt since the decision in the Yard case was entirely indefensible. whether viewed from an administrat- i've or legal standpoint Tn the Yard case the land office decided in favor of the government.
 Because the land office received instructions to go ahead with the hearings of the Cameron case the matter for the first time in history las been brought into the courts and involves a point which will mean much to mining men. It is the claim of the plaintiff that if the land office is allowed to go ahead the executive branch of the govern ment will be invading the territory of the judicial branch.
 Great Gold Producers
 The pFeCio:IS metal dpDOSitS 1t To-
Arizona republican., 1915-08-29
Oatman District


 OATMA.., Aug. 21-Mine strikes and mine deals have followed each other in rapid succession in the Tom Reed-Gold Road mining district dur ing the past ten days and are of d magnitude which cannot fail to force fully call to the attention of the in vesting public the growing scope of the local mining industry and the op- portunity for profitable investment it presents. The strikes in question are maintaining their caller promise under the test of development as.1 are demonstrating the presence of pay ore in tonnage at points remote from each other. The mining deals referred to are well advaced and in ing of the shares of local mining en- terprises on the New York. Boston, Chicago and Philadelphia curbs.
 Following closely the announcement that Hayden. Stone X Co.,. of Boston and New York. had purchased a large allotment of the United Eastern Min ing company's shares and that the well known brokerage firm will soon York surbs, came the announcement
 
 Wilson X Co. of Philadelphia and Los Angeles has agreed to finance the Arizona-TOm Reed Gold Mines com pany and that the shares are soon to be listed on the New York and Phila- delphia curbs. This week comes the further announcement that the Chi cago brokerage firm of F. McNeii q Co. has purchased a substantial block of Oatman Mining X Milling company shares and that the stock is to be listed on the Chicago curb. The con- summation of these plans will give the stocks of this district recognition on the three largest curbs on the At lantic seaboard. on the busiest curb in the Middle West and on the Los Angeles Stock Exchange, the shares of the Big Jim company having been listed on the last mentioned exchange several weeks ago.
Arizona republican., 1915-08-29
Strenqth of Cast Iron

In a paper recently read before the Society of Chemical Industry the statement was made that the strength of cast iron was affected by the addi- tion of wrought iron in the following proportions: With 100 parts of cast iron ten parts of wrought iron in- creases the strength per cent; twen- tv parts of wrought iron increases -he strength g. per cent; thirty parts of wrought iron increases the strength 50 per cent; forty parts Of wrought iron increases the strength only 33 per cent. The maximum result Is therefore produced with 30 per cent wrought scrap.
Arizona republican., 1915-08-29
Is Even 17-cent Copper Discounted? |?

IS GNen l/-Cent Copper Discounted ?
 There are many who have said late ly that the coppers have not dis counted 11-cent metal. but there has been little said that point it out with facts that carry any weight As d matter of fact the 15 representative coppers contained in the table below would seem to indicate that the cop pers were selling on considerably be- low l4-cent metal basis. There may be some question as to whether these coppers are really representative of the. whole group. but for for clearness these have been selected as the ones about which the most accurate llnowl- edge as to cost, production, and such retails are available.
 A copper share is estimated to be selling at about normal value when il is quoted at ten times the amount which the stock is earning per share. In other words, copper earning 10 per cent on the selling price are selling at +a fair price, all other things being equal. These "all other things are often very important and should all ways be carefully considered
 For instance the life of mine must be taken into consideration. Many small mining stocks are selling on a basis of earnings somewhere near 40 per cent on the present prices per share, for the reason that the life of each mine is considered of com paratively short duration into the future. Uncertainties as to ore re- serves, vein becoming extinguished, etc, lend an element of uncertainty which make 1t impossible to follow the above rule of thumb method.
Arizona republican., 1915-08-29

This department is under the di- rection of MT. w. E. Deity, the we'll known mining engineer, who will carefully scrutinize all mat ters relating to mining in order that only reliable information re- garcing legitimate enterprises shall find a place here.
 The Republican would be pleas ed to receive information from any part of the state regarding the development of the mining in dusyry. All communications should be addressed: Mining Department Arizona Republican.