The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-12-28


heart of the district" and then pro-
ceeded to mention the Ray Consolidat-
ed United Verde and Miami copper
mines. We do not know to the heart
of what district the promoter refer
red-probably the district of Arl-
IONA.
Name a Handicap.
It Is also worthy of note that min
Ing companies with fool titles, such as
the Intermountain & 1ntercolonial
Mining, Milling, Smelling and Redue-
ton company, are usually failures
the air necessary to repeat such titles
seems to exhaust all the energies OF
the promoters and prevent these com
panies from getting into the dividend
list. Like the Extension and the
consolidated" they are usually
wrecked by poor management or too
slender financing. United Verde EX-
tension, now one of the conspicuous
exceptions, was a failure until ii came
under the control of a group of cap
able mining men in the southwest
who made a careful study Of the prop
erty and then had sufficient capital to
put into effect the prospecting cam
paign outlined by the technical mem
bers of this syndicate.
What constitutes a good name for a
mining company? The securing of an
adequate name for a new mining de-
velopment is something of a problem
and not often successful. Many east
ern stockholders in mining companies
have little idea of where their prop
erty is situated. When asked where
the property is they will usually re-
ply that it is "out west" or If pinned
down to more definite situation, the
stakeholder has IAN impression thai
it is either in Nevada or Arizona" Al
everybody knows there are number
of waste spots in both of thosetstates
as well as several good districts.
Some Proper Names.
A name such as "Old Baldy' may bt
satisfactory for a mining company sc
long as it is only of local interest, OF
If it has sufficient distinguishing char
acteristics to impress its remarkable
Qualities and situation upon its share
holders. Thus what constitutes
good name depends to a considerable
extent on whether company is to bt
purely local or is intended to appea
to the public generally. If the domin'
ant capital interest is secured in one
section and the mine is in another
part of the country, it is fitting ant
enlightening to recognize these two
features, as was done in the Pitts
burgh Silver Peak, Calumet d Ari'
, IONA; the same might be said o.
some of the newer developments, sucf
J as the Calumet & Jerome, or th'
, Pittsburgh Jerome. But the United
, Verde Consolidated Copper company'
name is obviously mere play on th'
success of the United Verde Copper
: company; it is not connected in an!
way with the present United VERDI
mine and is in no sense consollda
ton of that property, though amoni
the eastern laymen this misconeeptlol
4 may readily be assumed.
Confusion on Exchange.
r When such properties are quoted Of
8 the stock exchanges, the inevitabl
r shortening of names for convenien
, trading Identification makes the mat
9 ter still more confusing to the unin
9 formed mining investor who for tn
n good of the industry should be pro
9 tected. An example Of the confusion
e that may arise from similar names l
n the case of the United Verde EXten
d sion, which for months was referre
C to in the curb list as United VERDE
d whereas the latter stock is PRACTICAL
e never offered or traded in. There IS
r great public interest at present in MN
: ing stocks, especially in copper stocks
I. Perhaps it is the most widespread
& public interest that there has eve
e been in this country in mining stock
= Is the public going to be "stung!
II Will the mining societies take an