The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-05-04

ment tells the story of mining in the
Occur d'Alene district more eloquent
lv. than words. 1t tells of new wealth
added to the world amounting to $29,-
100000, and of this vast sum in round
figures $10,O00,O00 represents the ac-
tual profits to the owners of the
mines. Ten million dollars earned in
a manner that does not require laws
to protect the public against extortion.
Ten million dollars earned in a manner
that brought prosperity to thousands
of homes which had no share in the
direct profits. These are the best fea-
lures of mining. Instead of restrain
ing trade, it creates new business and
contributes to the general prosperity.
OF the $23,000,000 representing the
value of the mineral production of the
Coeur dAlenes, nearly $14,000,0O0 was
paid out for labor, supplies, machin-
cry, freight and treatment charges,
ETC., thus extending its benefits to
thousands of people who are in no
manner connected with the mining in
dustry. Mining creates steady mar
ket for all the products of the state
the farm, the orchard, the range and
the forest, and he who limits his vis-
ion to a coveteous view of the large
dividends, has a narrow and contract
ed view Of the value of the mining in
dustry to the state.
New High Record.
The record of the Occur dAlene
mines for 1916 establishes a new
high record both in the gross value of
the mineral product and in net pro-
fits. The nearest approach to the
gross value record was in 1914, when
il amounted to $19,S09,862. The high
mark for net profits was reached in
1906, when the record was $6,436,752,
This point was almost reached in 1914,
when the net profits amounted to $6,-
042,S52. The large increase in net
earnings in 1915 is of course largely
accounted for in the war prices of the
there is no doubt that the profits
would have been much higher than
any previous year. for 1T is certain
that the tonnage was greater than
ever before. Unfortunately it is not
possible to arrive at the total tonnage
for the reason the company reports
are not uniform on that point. Some
of the companies report the actual
number Of tons of ore mined, while
others give the tons of ore and con-
centrates shipped
The statement as here published is
complete with the exception of the
Stewart The net profits of the Stew
art in 1914 amounted to $S54,4 and
it is estimated that its earnings will
be about 100000 for 1915, bringing
the total net profits of the district up
to $9,S22,4
Interstate Callahan.
The most striking feature of the
statement of the years record is the
showing made by the Interstate Cal
n,
as dividend payer for the year, hav-
ing to it's credit 50, ,921 ,4S7. This is not
only the high record for 1915, but 1t is
also the largest sum ever paid in one
year by any mine in the history of the
Occur d'Alene district. The nearest
approach to it was in 1906, when the
Bunker Hill & Sullivan paid $2,264,-
3S9. But more remarkable still is the
spectacular career of the Interstate
Callahan. The company made its
first appearance in the annual state
rnent when it filed a statement for the
year 1918. Then it showed a net loss
for the years operations Of $72025.
The next year, 1914, the company re-
ported a net profit of $1S2,255. And
now it's third annual report places it
at the head Of the list with net pro-
fit of almost $3,O00,000. And to COM
plete the story of the remarkable rec
ord Of this mine, it should be stated
that its product is nearly all zinc,
metal which only few years ago was
not only worthless in this district,
but was a serious drawback to the
value of lead when found in combin-
alton.
Two Report Net Loss.
only two mines reported net losses
for 1916 the Frisco and the Marsh
What the losses were is not known
as the details of operations were not
given. The Frisco is owned by the
Federal company, and the operations
have been largely experimental the
ore being mainly zinc of complicat-
ed form which has baffled all efforts
to recover the values at a profit.
For the first time in its career the
Hunter appears in the list with net
profit to its credit.
Several leasing companies were II
operation during the year which dt
not appear in the annual reports
Some Of them are known to have
been profitable. Irregular shipments
have also been made by other com