davidaulloa/AmericanStories huggingface dataset:
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13

on anothr page we publish lette
from a correspondent who surmise
that revival OF mining is likely. anC
that the time is opportune for discus
sing ways OF making public partlcipa'
ton more profitable than II has beer
heretofore The subject Is one of I'm.
mediate interest. We shall discuss Il
with the hope that the expression OF
our own Views elicit the opinion ot
others having experience, by observa-
tion or by participation, in such mat
tiers. Mining, as national industry
depends, In large measure. on public
support, Owing to the risk inherent In
the search for the metals in ore de-
poslts, ii has been found desirable and
convenient 10 distribute the financial
obligation of exploration and devel-
opment among numerous shareholders,
each contributing a small part of the
working capital, instead of leaving the
burden on the shoulders of a few OPP
orators. In the early days of the Com
stock the distribution of liability was
effected by sub-dividing a mine into
the number of feet that measured the
extent OF the claim A shareholder
owned a foot or more of the prop
erty, and Spectator bought feet"
instead of shares. This hardly sutflced
to meet the necessities of finance, so
Al NJ, IR,4n
dreds of thousands of shares, until now
a stock certificate may represent the
ownership of one In a million parts of
mining enterprise, This develop
ment Of the business has tended SO
greatly to popularize speculation In
mines that the small shareholder In the
aggregate has become an important
factor. Another result followed. peo-
pie quite ignorant of mining dabble
in shares; and undiserimlnating, II not
gulible, public has come to the support
of the less responsible promoters of
mining schemes. Obviously, 1t Is de-
sirable that the financial support avail
able for new mining ventures should
be wide, but 1t should also be dlscrim-
mating, in order that II may prove
remunerative. Those who have the
welfare of the industry at heart want
to see plenty Of capital forthcoming,
and they want to see that capital EN-
ployed profitaby, so that further sup
plies Of 1t may be available as occasion
arises To ensure such result the
public must be given run for Its
money. 1t must have fair chance or
a return of capital, together with a rea-
sonable interest thereon. The inter
est must be proportional to the risk
Any return of less than 10 per cent on
mining venture Is insufficient, for
the risk inherent In such a highly
speculative business requires the re-
demption of capital within a relatively
short period. To liken a metal mine
to a manufacturing business Is fupda-
fallacious. for mine Is
wasting asset. When exhausted, 1t
has no goodwill. Even its equipment
goes to the scrap heap, On the other
hand, no economic unit Is so product
I've as q rich mine; 1t represents the
wealth concentrated by ma
ture during geologic periods It Is the
harvest of a seed time antedatlng hui
man history; 1t is treasure-vault
that requires only the key of the en-
terprlsing explorer. However, the ro-
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
THE SILVER MOUNTAIN.
Drift Is Now Approaching Formation
Favorable to Ore.

Sam Tennal manager of the Silver
Mountain, located on the south side
of the river almost opposite the Nor
ming compressor, states that the drift
Is now entering a great quartzite dixie
which seems to separate the Wallace
and ST. Regis formations and in which
the vein on the surface shows lead and
copper values In fact there are two
veins, the larger one which is being
explored being lead and the other cop
per The lead vein cuts across this
dixie obliquely for a distance of about
1900 feet and 1t Is here that Mr.. Ten
nal expects to find pay ore The drift
appears now to be entering the dixie
and 1t is estimated that from forth to
eighty feet must be run before a
change of Importance may be expected
Two miners in addition to Mr. Tennal
are employed on the property.
If man knew just when to run he
never would get into trouble
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
MINING ENGINEERS
TO GO PROSPECTING
SUGGESTION THAT FEW MONTHS
SHOULD BE SPENT IN PROS.
PECTlNG IN QUIET TIMES.

mining and Engineering Journal)
An experienced western mining en-
gineer to whom we sent an inquiry not
long ago replied by letter comprls-
ing the following paragraphs, which
include a bit of interesting personal
dolngs and suggestion that has some
merit:
Engineers Should Find Ore.
81 left there is months ago and have
wandered far and spent some money
trying to find a mine that / would not
he ashamed to ask my friends to de-
velop-but, alas! not yet My search
has taken me to California, and this
summer expect to prospect in Coo
RADIO, which brings me to my grand
thought While In New York in Janu-
of some friends who tried to appear
busy why not get back to youthful
days and go to work as l suggested?
| suggest that some Of the idle engi-
iltSiS ihlt u tHE W SIlllt mars over
difficult schemes and see whether en-
gineers can find ore. or course,
think of Colorado as good place to
try. know of dozen places l should
like to prospect This state needs
scientific prospectors. The idle engl-
neers need the stimulus Of climate and
health that can be found out here and
elsewhere In the mining sections
Mining properties IN Colorado are
cheaper than in years, but money rates
are high. and it is not coming ont west
as 1t should I suggest that every en-
gineer spend month this summer
prospecting believe that a few doz-
en- such men in the hills of Colorado
could find something worth while. In
any event they would have a healthful
and instructive time"
Scientific Prospecting.
The idea that first occurs to us is
mat many engineers who are not we'll
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
SPECULATION IN MINES
Mining and Scientific Press

: nance of fortuitous discovery is pass
J ing; the obvious outcrops and In.
superficial enrichments have beer
granted; nowadays, to find ore, the
miner must dig deep or win a pre-.
carlous profit from the poorer or more
refractory lodes that his predecessors
discarded; today the exploitation Of
ore deposits calls for skill and expert
engineer And only the deliberate
statements Of a properly qualified en-
gIneer are of any value to guide the
speculator. This is the lesson that the
public must learn Only those versed
In the appraisal of mines can give est.
mates that are of any value In this
business. OF course. we are discuss
ing the serious and legitimate phase of
the industry. The selling price of
shares may be affected by conditions
entirely dlsassociated from actual min
Ing operations; in the last resort 1t is
the excess of buying over selling that
elevates quotations, just as the excess
of selling over buying depresses them.
Artificial conditions can be, and often
are. created by manipulation. and by
unyeracious statements by Interested
parties. Amid such a conflict of evil
dence, the public should look to the en-
igneer in charge of the mine for rue
statement of facts, and the engineer is
on his honor as a member of an honor
able profession to tell the truth In
the end, therefore, only a continued
improvement in the status Of the pre-
fession and the consequent reliability
of the reports made by engineers oi
mines can safeguard the public.
Meanwhile we warn the nnsophisti-
Gated not to confuse investments with
speculations. In mining, the sim
pleton treats a mine as an investment,
It assumes the use of capital so safely
that only the question OF interest arts
es The use Of money with view 10
the rapid enhancement of the principal
is speculation 1t assumes that the
fluctuation of the principal renders the
question of dividend of secondary im-
portanee: the dividend becoming mere
Ily factor in determining the rise or
fan Of the principal. The difference
between an investment and specu-
laton Is that the scrip representing an
investment can be locked in a safe for
a term of years, while the stock repre-
senting a speculation must be immsdi-
ately available for realization in ac-
eordance with the vagaries of the mn
ket. We omit mines owned privately
AS to all others, ii is safe to say that
the price of shares in one year usually
varies over n margin far exceeding the
amount of the dividend The specula-
tor leaves the dividend to the sup
posed investor and realizes upon the
rise or fall of the shares themselves
The length of time 1t is safe to hold Il
mining share as a cource of income de-
ponds upon the persistence of the ere
body and the continuity of good man
agement. Both these are matters TOO
important for casual treatment, Fol
the present we lay stress on two basic |
IDEAS Cd that mining Is essentially /
speculative, and Is n.osr remunera.iVe ,
when so recognized; and (2) t1at the (
only appraiser of a mine worthy ot
confidence is the properly qualified en-
gineer.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13

progress-the saving of few more
cents per ton-would result in the
opening of numerous mines that now
cannot be operated upon a paying
basis. Important discoveries or inven-
tons along this line are practically
date; and when they materialize they
will stimulate the mining industry to
a tremendous degree
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
NOTICE.

To Whom 1t May Concern:
Notice is hereby given that sadie
Allen and Ben Hammett, owners nj
undivided interests in the Virginia
lode mining claim. situated in Beave,
mining district, county of Shoshone
tuano, VIII not nor viii either of them
De responsible for any debts or obi.
cations however incurred bv Patrick
Burke or his assigns. or by any per
son or corporation whatever for anv
work done upon, or for any machln.
cry or supplies furnished for or used
upon said Virginia lode mining claim.
I'LL I2I any contract, debt, lien or OBJ
ilgation made or incurred in resne,t
TO said lode mining claim.
Dated this 2Srd day of December
A. ID. 1914. ''e'
SADIE ALLEN,
BEN HAMMETT.
D2i-M27-5 mos
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
NOTICE.

TO All Whom 1t May Concern:
Notice is hereby given that Edward
Freed, the owner of an undivided one
half interest in the Comstock, Com
meree and Deadhorse lode mining
claims, situated in Eagle mining dis
trict, county of Shoshone, Idaho, will
not be responsible for any debts or OBJ
legations however incurred by M. H.
Robinson, or his assigns, or by any
person 3r corporation whatever. for
any work done upon, or for any ma
chlnery or supplies furnished for OF
used upon said lode mining claims. or
TOT any contract debt lien or obliga-
tlon MADE or incurred in respect to
said lode mining claims.
J14-tf EDWAPD Fp Er iSi'
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
WITH GOVERNMENT SURVEYORS.
Osburn Miner to Change Occupation
for the Summer.

IST LFC OufuTiSEs
Ole Holt, who for many years has
been developing mining property on
Two Mile near Osburn, viii leave in
few days TO join party of govern
ment surveyors who viii be engaged
in field work until fall. The first
move Of the party will be to the Vel
lowstone park and from there the
work will be largely confined to for
est reserves. Mr.. Holt is interested
in several mining properties on Ter
ror creek, the next stream west of
Two Mile, which are highly promis-
ing. While not much is heard of that
section, the fact is that there are no
better surface showings In the dis
trict The only work now going on
over there is by Cash Patterson on a
group in which he is interested and of
which 1t Is said the Day interests have
the control
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
Notice of Postponement.

Notice is hereby given that by or
der of the board of directors the time
for payment of the above assessment
has been postponed from May 1, 1915,
to June 1, 1915, and the sale of dehn-
quent stock from June /, 1915, to July
/, 1915, at the same hour and place
above named.
HENRY HUBERT,
Secretary Treasurer of the Advance
Mining Company, Missoula, Mont.
Apr 20 May 27-5t
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
NOTICE TO DELINQUENT STOCK.
HOLDERS.

Office of Idaho & Los Angeles Mining
e. Milling Company, Wallace, Idaho,
May s. 1915.
Notice is hereby given that there is
delinquent upon the following de-
scribed stock on account of an assess
ment of five (5) mills per snare, lev
led on the oath day of March, 1915, the
several amounts set opposite the
names of the respective shareholders
as follows, to- wit:
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
IMPORTANT NOTICE.

We have never before sold a remedy
with the QUICK action of simple
buckthorn bark, glyeerine. etc, d.
mixed in Adler-l-ka, the appendicitis
preventative. ONE SPOONFUL re-
leyes sour stomach. gas and constipa-
ton AT ONCE. The Wallace Drug Co.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
Notice Of Postpo nement.

Notice is hereby given that by order
ol the board of directors the above
SAFE OF delinquent stock has been post
poned from Friday. May 2S. 1915. to
Friday, June II, 1915, at the same
hour and place above designated.
]. w. McGINNIS,
Acting Secretary Tarbox Mining Co.,
"aliace, Idaho. My Gle loot
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13

And in accordance with law so many
shares of each parcel Of such stock as
may be necessary viii be sold at the
office Of the company, Ais Bank street.
Wallace Idaho, on the 22d day OF May,
1915, at 2 o'clock p. m. Of such day to
pay the delinquent assessment thereon
together with the cost of advertising
and expenses Of sale.
ALFRED j. DUNN,
Secretary Treasurer Idan1 & Los
Angeles Mining G. Milling Company
May 6-20-3t
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13

If man knew just when to run he
never would get into trouble.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-13
Scientific Prospecting.

The idea that first occurs to us is
that many engineers who are not well
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-10-29

WHAT'S YOUR ANSWER?
Thousands of Phladelphas
the sandwich-wo
the suffrage advocates the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-07
ELKs ACCUSED OF ISLANDER
Woman Sues New York Lodge No.
for $4,000 Damages.

Mrs. Nell Claire Pryor filed suit for
$4,000 damages yesterday against the
New York Lodge No. of the Order of
Elks for alleged defamation Of char
acter.
II is charged by Mrs. Pryor that
there was posted on the bulletin board
Of the local lodge communication
from Western lodge which warned
members against cashing or indorsing
drafts for Mrs. Pryor or her husband.
Charles A. Pryor. This notice, she
says. read in part:
THESE two have been travelling
through the Eastern states and have
in many instances taken advantage of
the hospitality Of the members Of the
order by having them cash or indorse
drafts that are no good. Pryor has
been expelled by the lodge, and secre-
taries are requested TO take up any Elk
credentials he or his wife may pre-
sent"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-07
w. A. BRADY PLANS
TO GUST ERLANGER
WillAsk Expulsion by Managers
Association. Charging Ticket
Agreement Violation.

An effort will be made tomorrow af-
ternoon by William A. Brady. chair
man Of the executive committee of the
Managers Association Of New York,
TO expel A. L. Erlanger. of klaw d
Granger. from membership in that or
ganization. This action will be taken
by Mr.. Brady on the ground that he
believes Mr.. Erlanger has broken the
agreement formed on September be-
tween the theatrical managers Of this
city against cut-rate tickets.
Mr. Erlanger's reply 70 Mr.. Brady's
threat was expressed in the following
words last night:
81 refuse 10 take Mr.. Brady seri-
ouslv. / shall certainly not attend the
meeting Monday afternoon, and have
no care for whatever action Mr.. Brady
may take. Mr.. Brady is looking for
free advertising. nothing more
Mr.. Brady sent out notice late yes
terday in which he refeiS to this al
eyed violation Of the agreement on
the part of Mr.. Erlsnger In part 1t
reads:
"On September 6 the various man
ayers of this city organized the Man
ayers Association of New York against
the practice of selling cut-rate tickets.
Under the terms Of that agreement Ty-
son & Co. and subsidiary agencies
were allowed to charge no more than
fifty cents above the advertised price
of the ticket IL was agreed that no
theatrical man should have the right 20
sell en- bloc any number of his best
tickets for a stated period. This is
known in the theatrical business as a
sell-out. The agreement has been scru-
pulously adhered TO since September 6.
During the last twenty-four hours,
however, A. L. Erlanger, representing
the New Amsterdam Theatre, has been
accused Of consummating an agreement
with a number Of theatrical ticket agen-
cies whereby he should sell the bes:
seats in his theatre for the next eight
weeks TO those agencies.
at is claimed by theatrical man
ayers that this is a clear violation OF
Mr. Erlanger's agreemnt with his fell
low members in the association. A
meeting of the association will be held
at the New York Theatre Building
Monday, November S, at 3 o'clock. De-
cided action will be taken to meet this
new development in the ticket ques-
ton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-07
HUGHES IN FAVOR UPSTATE
Republican Sentiment Turns from Root
to Ex-Governor for President.

Rochester. Nov. 6.-Despite an en-
forced silence on the part of Republic
can leaders. there is an outspoken sem
timent in this city and Monroe County
in favor of the nomination of Justice
Charles Z. Hughes for President next
year. The rejection of the proposed
new state constitution by such an en-
phatic majority has apparently dazed
those who were strong supporters of
Elihu Root
State Committeeman George W. Al
bridge was plainly annoyed this after
noon when asked if in his opinion the
trend of sentiment from Root TO
Hughes would become general within
q few weeks. While Republicans APP
preciate the fact that Mr.. Aldridge is
under no obligation TO Justice Hughes,
it is realized that his character and in
fluence permeated the Republican or
ganization while Mr.. Hughes was Gov
ernor and added TO its material
strength in this city and county
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-07
FARMER ENDS LIFE
AS CONSTABLE WAITS
After Arrest He Goes TO Room
10 Change His Clothes.

Matawan, n. j.. Nov. 6.-While his
accuser and constable waited for him
TO change his clothes before taking
him before a justice of the peace, Mon
roe Boyce, a farmer Of Matawan, killed
himself in his room with a shotgun.
Boyce worked a farm on shares for
Wood A. Arrowsmith, Of Long Branch
Arrowsmith accused Boyce OF forging
notes. and with Constable Mulsoff went
70 arrest Boyce to-day. When told OF
his arrest Boyce asked TO change his
clothes. a minute later he was dead.
Boyce leaves a wife and six small
children. The Oldest is six years old
and the youngest an infant
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-07
Five Lectures on Christ.

A series Of lectures on Modern
Christ Theories" will be delivered at
the Academy OF Music, Brooklyn, on
five consecutive Thursdays by the Rev;
Walter Drum, professor OF Hebrew ana
Scriptures at Woodstock College. Dr;
Drums first lecture VIII be Delivered
next Thursday. His topic VIII be Inc
Liberal Christ.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-07
CROWD FLED MILK-FED LION
Animal Seeking Frolic Broke from Cage
at Auction.

Several hundred spectators went 20
the While Lodge Kennels IN Hemp
stead, L. J., yesterday afternoon TO sec
a young lion and leopard, formerly
owned by Lady Grace Mackenzie. sold
at public auction. When the lion came
out Of his cage 20 see the spectators
the crowd fed.
Whether by accident, carelessne's or
deliberate intent--it matters not-the
door OF the cage few open and the hon
Jumped out. Not knowing that he had
been raised on bottle and that he was
merely looking for a frolic. the crowd
decided tina: they had seen enough OF
the auction. Charles White, manager
Of the kennels, put the animal back IN
the cage.
The animals brought $3.50 and we're
sold to W Bartell & Co., animal deal
ers, Of Manhattan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-07
ASKS CLOTHES FOR POOR
NeedIework Guild Aims to Distribute
$4,000 Garments.

In its aim TO distribute $4,000 gar
ments TO the poor Of the city the New
York branch Of the Needlework Guild
is planning to increase its membership.
Each member supplies two warm, new
garments made or bought in time to be
distributed before winter.
The collection will be held from No
vember 10 to 20 In the Metropolitan
Building, Madison Square. Any one
disposed 20 help the work may send
garments to the president, Miss Grace
Bigelow, q Gramercy Park, and in
quiries may be addressed TO Miss II.
Elizabeth Howson, assistant secretary.
4S9 West End Avenue.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1915-07-24
OUR INDEBTEDNESS
is ~SI,I9I,25O,25
Interesting Figures Submit
ted by the City
Auditor.

The total bonded Indebtedness Of
the city Of Tulsa is exactly $1,1s1,-
25O.25, according to the monthly re-
port of City Auditor f. b. Cline, sub
mitted yesterday to the city commits
sion.
The investments of the city approx
innate the sum OF $~1,434,Os3. The
uneXpended funds on hand amount to
S22O.S37.57. The expenses for June
totaled S4S.S5O.S9 and the revenues
reached the sum of 81. 1896.
The bonded Indebtedness of the
city, exclusive OF the $685. 600 in bonds
voted this year and which have not
yet been sold, is divided up as follows:
Sewers $%2S5, 900, waterworks $780,
OO0. funding bonds S7S,60O, parks
$4,000. fire department $4,000. stor-
age house $4,000, street improvement
$4,000. library $500, convention
hall 500, 600. public market $4,000,
b~oulevards 10000. judgments SAL
1925.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1915-07-24
GOVERNMENT BASS
AT SPRINGS LAKE
Recent Washout of the
Dam Played Havoc With
Fishing Industry,

Yesterday there arrived for Sand
Springs park lake a shipment OF
10000 bass from the government fish
cries at Mammoth Springs, Ark. The
shipment was made in large cans
similar 20 those In which milk Is
shipped. and consisted Of specimens
about tw0 inches iu length.
They We're al once turned loose IN
the big lake at Sand Springs park,
which iS again filling with water from
the springs az the head Of the gulch.
Iu the lower part of the lake there are
now several feet Of water. The dam
has had its damage repaired, and sew
cral good rains will again make II a
fine home for the new family Of black
bass and one OF the best swimming
beaches I'm the state.
When the big dam broke the latter
part of last May on account OF the Un-
prccedented rainfall, there were
thousands Of bass and croppie fish
released. While many Of these got
safely into the Arkansas river, there
were other thousands Of the
smaller ones left deposited in small
puddles i'm the vicinity OF the lake,
where almost every day since there
have been scores OF persons fishing
for them. Large numbers were caught
In that way. because the small food
supply i'm the puddles soon became eX-
hausted and gave a ravenous appetite
to the hungry fish.
Fish that escaped from the park
lake numbered many that weighed
several pounds. and had been in the
lake for about four years. Fishing is
not allowed there except by consent
Of the park management. unless II IS
tn H.. -. -. 80 GvrFa-- I--.A
who are doing the fishing. The lake
had developed into not only the best
swimming and boating place In Okla
homa. hut IL was one place where as
many fish as desired might be yanked
from the water in a very brief time.
And while the other damage suffered
by reason Of the heavy rainfall can
be quickly repaired, nothing but time
will make big fish ont Of little ones.