davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
New York
Superlatives in Trade. Bradstrsst'

Superlatiyes in Trade. Bradstrest
sums up the week in business thus:
active business, with little or no
political excitement; superabundan
activity and not enough materials
go around: animated industries, vlts
too few producers TO get out needee
supplies; farmers getting high prices
and paying up old debts. record raj
way earnings. acute car shortages, W.
paralleled railway tonnage, extraordi'
narily good collections, easy money'
high cost of living and noteworthy
speculation are the striking character
istics of this weeks report
The Momentum of Business. u.
Dun & Co. say in their weekly re.
view: Activity continues unabated g.
a time when more or less hesitaney
usually witnessed, and II remains
wonder that with costs mounting
steadily, and in many cases rapidly,
demands are sustained in such gres,
volume. New buying for current she
forward requirements still outs'rp,,
the facilities for both production ,ne
distribution, labor conditions and the
growing scarcity OF materials acting
DIdht Ol uAdhNAdNtAit hS az ".~"s
rections."
Commercial failures this week IN ne
United States were 279, against ~
last week, 297 the preceding week ans
359 the corresponding week last year
New Directors Elected.-Paul :.
Myler. president of the Canaaah
Westinghouse Company. and J. u. WI
son have been elected directors OF 'ns
North American Pulp and Paper Con'
pany.
National City Company Activity ~
the stock Of the National City Bans
which has carried the price iIon
around AIS to 5i0G $50. has been TO-
lowed by rumors that the NaiiohH
City Company, owned by stoekho'os,,,,
OF the bank, was about 20 increase - "a
capital from Sl0,000,000 TO s25.OVO'vs.
President Mitchell stated yestero-
that the matter OF a capital inefe'"
had not yet come up for discussion
New Fuse Order for American Loto,
motive was announced yesterday
Dow. Jones & Co. that the Ame,'es.
Locomotive Company has closed
order for 100000 time fuses 70
delivered 10 the British goyernmen..
the contract providing for renew.
at the option of the purchaser on
other 100000 fuses at the eon"'
price.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
New Fuse Order for American Loco
Other Cities
Federal Reserve Act Before Supren'

Federal Reserve Act Before Suprs@'
Court Washington, Nov. 3. -Cons.'s,
tionality Of the Federal Reserve se. %
so far as it permits national barns -.
act as executors. administrators "a w.
tees and registrars OF stocks and 9 css
was placed before the Supreme w.
to-day for decision. IL came up On
appeal fled by the First NationAi -,
of Bay City, Mich. from decree o. Pa
Michigan Supreme Court proh'os..,s.
the bank from exercising sueh ''"'
tions.
Investigation Of South Ams1", -.
Markets. Washington, Nov. S.-An
vestigation of South American nn. i'
for wearing apparel OF all NhuS a
about to be made by the pepsr,n'ssa..., en-.
Commerce through the lnlted ynss,.
commercial attaches and W. a. ~
and II. G. Brock. special agents Of W
Contlnued on page Is. cslans
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
NATIONAL BANK LOANS
SHOW A RECORD GAIN
Resources and Deposits Are Also
Piling Up Heavily

The Controller Of the Currency at
Washington has issued narrative oil
the condition Of all the national banks
of the country, as of September II last.
The detailed figures in the regular
form will come later. Until they are
available analytical comparisons OF
present with past conditions cannot
well be made.
From what is at hand it appears that
the three principal items-namely,
total deposit liabilities, total loans and
discounts and holdings Of legal cash,
were. on September u, as follows:
Gross deposit liabilities 1862, 600 900
Total loans and discounts 78Ss,OOO,oo0
Cash holdings of the
banks, i. e., gold, silver
and legal tender notes 76S,oOO,OOO
The comparison OF these items with
the same on June 30, 1916, and Sep
TENDER >, 1915, is as follows:
Change Change
from from
June 30, 'l6. Sept. 2, rs.
Increase. Increase.
Gross dep. liza s4s5, 0oo, 900 81, 1873, ooo, 900
Total loans
and disc'nts 100000 1,1oa,ooo,o 900
Cash holdings 100000 $4,000 900
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04

Gold Exports.-A total OF N,25O,OoO
in gold will be shipped to Argentina on
,o-day's steamer. 100000 of which
is for the account of the Farmers Loan
and Trust Company and the remaining
$3.50, 900 for the National Bank of Com
merce. Exchange between Argentina
and the United States is now at a level
which makes II profitable operation
to ship gold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
768,o00,0oo
Decrease.

In one year, therefore, from Septem-
Der ., 1915, TO September -, 1916, the
gross deposit liabilities Of the national
banks increased % per cent, their loans
and discounts increased &c per cent,
and their holdings Of gold. silver and
legal tender money decreased . per
cent
This is the greatest expansion Of
national bank loans that has ever taken
place in one year. The ratio OF gold,
silver and legal tender money TO gross
deposit liabilities now is CT per cent
A year ago it was 81 per cent.
The Controllers statement runs in
part as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
EALTH MARKETS AND COM nj X - n8M
Finance Economics

GARET GARRETT, Editor
WALL STREET OFFICE: Telephone
Mills Building Is Broad St Hanover oolf
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
TOTAL DEPOSITS.

The total deposits amounted 20 1852
million dollars. an increase since June 30
Of 49, million dollars. They exceeded by
81 millions the deposits of May !. 1916.
which also were the largest deposits ever
reported by national banks. The increase
as compared with September .. 1915. was
2.i33 million dollars.
or the total increase shown since June
80. 23j millions were demand deposits. 81
millions time deposits and 203 millions de-
posts from banks and bankers. As COM
pared with September .. 1915. demand de-
posts increased .2S2 million dollars, time
deposits 40l million dollars. amounts due
70 banks and bankers. $50 million dollars.
WIDER DISTRIBUTION OF MONEY.
That the deposits in the national banks
Of the central reserve cities from May J..
1916 20 September l.. 1916. show an
actual reduction Of 2lS million dollars.
while in other reserve cities there vas an
increase OF ~ million dollars. and in the
country banks an increase Of 2fi million
dollars. IS indicative Of the healthy. pro-
grcssive effect Of the Federal Reserve act
in deccntrahzng and distributing the
money of the country.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
Maturity in days.
'l5- day paper.

Bank E1changes.-The days clear
pgs at New York and other cities;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04

Money in Circulation.-The monthly
statement Of the Controller Of the Cur
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
The vlce-presldent OF Lord lay
lor's. Edward l.. Hengerer, says every
has shown an increase:

In all Of our fancy lines the sales have
been big. The public have commenced TO
shop earlier this year than heretofore. |
believe this is due to the fact that there
i more money in circulation than year
ago, and the people have more 10 spend.
We are in unusually good shape on mer-
chandise. although we have had some
difficulty in getting what we wanted.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
TOTAL RESOURCES.

The total resources Of the banks amount
ed TO l4.4ll million dollars. an increase
since the June 80 call OF ass million dol
lars. exceeding by PIG million dollars the
greatest resources ever previously shown,
those reported for May l. 1916. As COM
pared with the call OF September .. 1915,
the increase was .. IA million dollars.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
Gold Paper
reserve. money.
Rubles. Rubles.

July IS. 1915. f.57s.eei 900 3,7ee.7it,0 900
June %, 1916 1.54f.oi6.ooo 6,5S3. zoo, 900
The enormous issue Of paper
money has caused a great rise in
prices, which tends. Of course, to
pyramid the cost Of the war. The
correspondent Of "The London Econ
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
At Wanamaker's there is indicated
record breaking season:

The demand for all kinds of merchan-
disc in the better grades has been ire
mendous. The general business condi-
tions are very satisfactory in every way.
All departments have shown decided
increase over that of last year. We have
plenty of merchandise on hand for the
holiday trade. and are in a position to
meet the demand in every department
The outlook was never brighter than now
for big holiday trade.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
The Momentum of Business.-R.

New Directors Elected.-Paul :!
Myler. president of the Cansdah
Westinghouse Company, and J. u. VIZ
son have been elected directors Of 'h'
North American Pulp and Paper Con-
pany.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06
NOTICE OF ASSESSMENT.

Office of the Echo Mining Company,
Wallace, Idaho, March IA, 1916.
Notice is hereby given that at the
regular meeting of the board Of direct
ors of Echo Mining company held on
the 14th day of March, 1916, an as
sessment of two (2) mills per share
was levied upon the capital stock of
the Echo Mining company, payable on
or before the 14th day Of April, A. D.
1915, to II. C. McAllister, secretary
treasurer, at his office, Wallace, Idaho.
Any stock upon which this assess
ment remains unpaid on the 14th day
of April A. d. 1916, will be delinquent
and advertised for sale at public auc-
ton, and unless payment is made be-
fore will be sold on the 18th day of
May, A. d. 1916, at the office of the
secretary treasurer, 800 Sixth street,
Wallace, Idaho, at 200 o'clock D. m.
to pay the delinquent assessment
thereon, together with the costs of adj
vertising and expenses of sale.
H. C. McALLISTER,
Secretary Treasurer Echo Mining
Company, Wallace, Idaho.
Mr16-Ap13-5t
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06
NOTICE OF ASSESSMENT.

Office of Horseshoe Mining Company,
Mullaa, Idaho, March IA, 1915.
y ttce is hereby given that at
meeting Of the board of directors, OF
the above named corporation, held on
the 14th day of March, 1915, an assess
ment of three CD mills per share was
levied upon the outstanding capital
stock of the corporation, payable on
or before the 22nd day of April, 1915,
to j. B. Scoles, Box H." Mullan, Ida
no.
Any stock upon which this assess
ment remains unpaid on the 22nd day
Of April 1916, will be delinquent and
advertised for sale at public auction,
and unless payment is made before,
viii be sold on the 18th day of May,
1916, at 700 p. m. Of said day, at room
Fifty-two (52) Bilberg Hotel, Mullan,
Idaho, to pay the delinquent assess
ment thereon, together with the costs
Of advertising and expenses of sale.
p. j. SCOLES,
Secretary Treasurer Horseshoe Mining
Company, Mullan Idaho.
Mr30- Ap20-4 At
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06

Gettysburg is commonly credited to
Heinze's ownership. But because the
Gettysburg was thus credited to
Heinze's ownership, Henze's oppon-
ents at that time temporarily in con-
troll of the Stewart baked the propo-
sition. Since then the Gettysburg has
become the Independence Lead Mines
company, Its good surface showing is
being developed by Heinzes associates
at depth by a deep tunnel.
Stewart could not buy the Gettys-
burg Independence Lead) today for
several times the price at which Stew
art could have acquired the property
three years ago The Stewart com
pany is making a belated effort to cor
rect it's earlier mistake by taking an
option on the West Hunter property
Immediately adjoining the Gettysburg,
Presumably if the Gettysburg cuts the
ore at depth, the Stewart will also &C
quire the adjoining Gettysburg to add
to the West sHunter-at a substantial
price.
If Heinze's counsels had been needed
three years ago the Stewart might
have had producing mines by this
time If the Gettysburg West Hunter
have the makings of producing mines.
And If they lack such makings the
Stewart would have squandered less
money and valuable time in the enter
prise. Stewards acquisition Of an OPP
ton on the West Hunter is evidently
received faVorably, for the stock has
been buoyed thereby during the past
few days
The Stewart company is understood
to have over $45O,O0O cash available to
replace the worked out Stewart mine
by younger producer The recent
history of the Stewart is a splendid
epitaph on the mining acumen of the
late F. Augustus Heinze and his con-
scientious, whole-souled effort to fore
stall the end of the Stewart
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06
THE DOUGLAS.
Underground Developments Begins At
ter Much Preliminary Work.

Underground Developments Begins AZ
ter Much Preliminary Work.
w. j. Kelly, who has charge of the
Douglas for the Anaconda company,
found much preliminary work both in
the mine and outside before actual
mining could begin. Practically every
thing in the way of equipment had
been removed from the property dur
ing the long period of idleness and
the buildings of the company also
required much attention TO make them
suitable for habitation again. ALI
this work has been rounded up and
development of the properly viii now
go forward in earnest. No. tunnel
has been placed in good condition,
new track laid and ore car in use
preparatory to extending the drift. In
the lower tunnel the same condition
prevails and the raise connecting the
two tunnels has been repaired. Anoth-
er raise will be made at a point about
700 feet from the portal of the tunnel.
Both tunnels are in ore and the raise
has proved the shoot continuous be-
tween them. The second raise is ex-
pected to prove a solid block of ore
between the two levels.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06
The Success Mine---Engineer's Report
On Ore In Sight, Prospective Ore and
General Physical Condition of Mine

ore bodies in the Success mine will
continue to great depth.
The crosscut from the main tunnel
on the 700-foot level is prospecting en-
tirely virgin ground and If ore is
struck in 1t will practically add a new
mine to the Success property. The sur
face indications are favorable for
finding ore in this part Of the prop
erty.
Summary.
From the foregoing descriptions of
blocked out and now being stopped
over 21.500 tons of ore, with an indi-
Gated probable tonnage on the differ
ent ore shoots above the 1200-foot
level of $1,000 tons, or a total of 1885,
200 tons indicated and blocked out ore
above the 1200-foot level
The 1300-foot level, when developed,
should produce from all the different
ore shoots a very large tonnage and
if the ore is found in the west crosscut
on the 700-foot level the value of the
property will be more than doubled.
In conclusion will state that the
physical condition of the Success
mine and prospects for the future are
extremely good.
Respectfully submitted,
ARTHUR B. CLARK,
Mining Engineer.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06
RECENT MINING DECISIONS.
Mineral Landslide Not include Fossil
Deposits.

Fossil remains of dinosaurs and
other prehistoric animals having a
value for scientific research are not
minerals, within the meaning of the
United States mining laws, and lands
containing such remains are not sub
ject to entry under such laws.
In re Douglass Gland Department.,
A Land Decisions, 1926. August 6, 1915.
Mining Leases--Taxation.
The minimum royalties required to
be paid to the lessor under mineral
lease are assessable and taxable as
credits" for the year in question and
are in the same category as rents.
State V. Royal Mineral Association
(Minnesota), 156 Northwestern, 1913.
February 4, 1916.
Negligence of Mine Owner--Discharg
ed Employe.
A man who had been employed in a
mine as foreman, had quit and was
returning to get his tools and pay
check when killed by a gas explosion.
Held that he was entitled to protec-
ton under the provisions of a miners
safety act, and his widow was permit
ted to recover damages for his death
resulting from a violation of such pro-
visions.
Romani V. Shoal Creek Coal Co
DllinOiS1 III Mort hea starn az Fab
ruary 4, 1916.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06
ASSESSMENT LEVIED.

Benton Mining Co.-Leyied March II
. mills, payable April Is, to f. p Can.
dee, secretary, Wallace. Delinquent
sale May Is.
Dennemora Gold G. Copper Mining
Co.-Leyied March 6, mills, payable
April Is to p. O. Swanson, secretary
Wallace. Delinquent sale May Is.
East Caledonia Mines Co.--Levied
February s, cent, payable March q
to Franklin P1rman, treasurer, Wal
lace Delinquent sale April 10.
East Hercules Extension Mining Co
Levied March 4, IA mills. payable
May l, to w. H. Macfarlan, secretary
treasurer, Rookery building, Spokane.
Delinquent sale May /.
Echo Mining Co.-Leved March IA,
2 mills, payable April IA to II. {. Me
Allster secretary treasurer, Wallace.
Delinquent sale May Is.
Empire Mining & Development Co..
Levied November 80, s mills, payable
January Is to Ida Scheave, secretary,
Wallace, Delinquent sale February Is.
Postponed to April 10.
Flagstaff Mining co.-Levied Febru-
airy II, 2 mills, payable March 20 to
f 2. Candee, secretary treasurer, Wal
lace. Delinquent sale April Is,
Friend Mining Co.-Levied March
II, 2 mills, payable April 2S to Will
liam Schierding, treasurer, Jameson
building, Spokane. Delinquent sale on
May 20.
Idaho Nevada Exploration Co.
Levied March Z, mills, payable April
7 to e. r. Turk, secretary treasurer,
Wallace. Delinquent sale, May l.
Index Mining & Milling Co.-Levied
March 6, 21a mills, payable April to
Thomas Gilbert, treasurer, Kellogg.
Delinquent sale May 6.
international Mines Co.-Levied on
February 5, mills payable March 5
to A. II. Featherstone, treasurer, Wal
lace. Delinquent sale April 10.
Laolede Mining Co.-Levied March
20, 3 mills, payable April Is to Jas. A.
Wayne, secretary, Wallace. Delin-
quent sale May IS.
Mayflower Mining Co.-LeVied Feb
ruary IL, mills, payable March Is to
w. w. Smith, secretary, Wallace. De-
linquent sale April Is.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06

Mountain Rose Mining co.--Levied
February s, MILL payable March to
a. o. Larson. Kellogg. Delinquent
sale April S.
National Copper Mining co.-Levied
February IS, l cent, payable March rs
to Charles McKinnis, secretary treas
urer, Wallace. Delinquent sale April
%.
Nevada Stewart Mining Co.--Levied
February %, 2 mills, payable March
20 to II. NJ. Huemann, secretary treas
urer Wallace. Delinquent sale April
IA.
North Bunker Hill Mining Co.--Ley-
led March Is, mills, payable ..pril Is
to n. t, Hardy, secretary, Kellogg. De-
linquent sale May 20.
Old Veteran Mining co.--Levied on
February Z, 2 mills, payable March 8
to l., l.. Brainard, secretary treasurer.
Wallace. Delinquent sale April l.
Khode Island Mining Co.-Levted
February 30, 2 mills, payable March
30 to c. Il. Clarke, secretary treasurer,
Wallace Delinquent sale May Is.
Rockford Mining co.--Aeyied Febru-
airy IL, l mill, payable March is to
Walter ii. Hanson, secretary, Wallace.
Delinquent sale April is. Postponed to
April 20.
Silver Mountain Mining co.--Levied
January 10, 2 mills, payable February
II to w. e. Horstkotte, secretary, Pot
latch, Idaho. Delinquent sale March
II. Postponed to May 10.
Tiberius Mining co.--Levied March
IA, l mill, payable April Is to assist
ant secretary, COS Cedar street, Wal
lace, or to M. l.. Lewis secretary, 700
Peyton block, Spokane. Delinquent
sale May 10
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06
IDAHO TUNGSTEN.
Belief That This State Will Take First
Place in Production,

FtaSG III TToouStioH'
That Idaho contains a greater guam
tity of the tungsten ores than any
other state in the union, and that with
proper development it will be able to
supply the steel mills of this country
with all of the tungsten necessary for
the hardening of tool steel and the
noses of projectiles, is the opinion of
Frank Johnesse, mining engineer of
Boise, says the Salt Lake Herald Re
publican. Mr.. JohneSse has made a
study of the rare metals of the Gem
state and formerly was state mining
inspector. AT the Hotel Utah he said
that in the Mackay and the Wood
River districts great quantities of
tungsten abound. and that while
great part of the ore is less than 5 per
cent in tungsten, it can be mined at a
profit If proper mining methods are
introduced
In the Boise basin he asserts tung-
stem ore can be found in combination
with gold and both of the metals are
in such quantities that mining opera
lions can be carried on successfully.
He has been in the east to observe the
conditions under which the tungsten
concentrates are refined and declares
that the process is so easy that any
section which has cheap fuel may
smelt the ores He will investigate q
number of mines in eastern Idaho up
on his return to Boise
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06
NORTH STAR COMPANY
WILL SINK ON VEIN
FINDING ORE BoDY-oFFl-
GERS ELECTED.

The stockholders of the North Star
city last Monday evening when the
following directors were elected:
Charles d. Ammon, of David City,
Neb. D. E. Wherry Of Wallace; w. K.
Burnett, of st. Louis; G. w Dougherty
and d. w. Sunderlin, of Wallace. The
first three named were elected presi-
dent, vice president and secretary
treasurer, respectively, and G. w.
Dougherty was appointed assistant
secretary treasurer. d. e. Wherry
was continued in the management of
the property. The North Star is To-
Gated about 2 Y miles from this city
and just this side of the little town of
Monarch on Nine Mile. 1t is admir-
ably located within a few hundred feet
of the railroad, good millsite and
plenty of room for all surface opera
tons.
Preparing to Sink.
A few months ago the North Star
company succeeded in placing a block
of 100000 shares OF treasury stock
with ST. Louis and Nebraska capital
lists, which has resulted in placing the
company in position to push develop
ment of the property. The main de-
velopment is a tunnel about 100 feet
which cut the vein at distance OF
about 500 feet and drifting has now
been extended about 600 feet. Soon
after cutting the vein both lead and
zinc were encountered accompanied
with silver, but most of the values
seem to have been leached out and
convincing the management that fur
Their depth will have to be gained. The
drift is being continued and through
out it's length it appears to be in the
top of an ore shoot. A station is now
being cut at a point about 900 feet
from the portal of the tunnel, where a
winze will be sunk at least 100 feet and
probably further, and the management
is very confident that this will show a
body of commercial ore.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06

alton and should be thoroughly pros
pected as it undoubtedly mothers same
valuable mineral deposits. The prop
erty has already been taken over I'M
der bond and lease by representative
of an eastern capitalist, who will be-
gin active development at once"
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06
STOCKHOLDERS MEETINGS.

Index Mining Co.--Annual meeting
to be held on Saturday, April Is, at
10 a. M, residence of Thomas Gil
bert, Kellogg.--W E. Gilbert, secre-
tary.
Tberius Mining Co.-Special meet
ing to be held on April II at p. M,
Wallace.-M. L. Lewis, secretary.
Western Star Mining co.-Special
meeting to be held on Friday, April
Z at p. m. in Otterson building Wal
laee.-James A. Wayne, secretary.