The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1920-06-10
REVIVAL OF SILVER mDMlMG;
WHAT IT MEANS TO MONTANA

Icame a mere commodity like lead {
copper or Boston baked beans.
s 1873 the price of the metal started t
: decline from it's price of $1.298 DE
: ounce. In 1874 the price had dror
t ped two cents, in 1875 it went lowe
: and year after year the price wer
{ down until five years ago silver wa
!, selling for about AZ cents an ounce
Making silver a mere commodit
was a body blow to western silve
miners. At some mines it was ne
cessary to close at once; others wer
operated for a time, but finally shu
down because the margin of prof
was so small and the game was no
considered worth the candle.
War Brings Demand
Then came along the great war il
1914. Europe piled up a vast wal
visible supply of gold. The demand
for silver in the arts and manufac-
lures has also increased in recent
years. Silver prices with the wal
began to advance. In 1919 the price
of silver climbed higher and higher
and finally went to $1.37 IL per
ounce, a record price.
Flush Silver Times
Silver mine owner and investors
today confront flush times. China,
India and Europe are demanding sill
yer, which has been called in recent
months "the metal of the hour"
With oils and motors, silver has oc-
cupied the front of the stage during
H. -1-4 4-v4 - kI~ - -
and Investment worlds.
From far-off India, which annual
ly consumes many thousands and
thousands of dollars worth of silver,
the call for silver, more silver, has
gone around the world. 1t has reach
ed Montana and there is not a silver
district that does not today reflect
the silver prosperity.
Modern Stampede at Hand
The modern silver stampede is
here-stripped to a certain extent of
its color and romance, as well as the
and hardships that mark
ed the white products rush of from
tier days. Covered by the gloss of
modernity, the new silver stampede
has reached the west before many of
It's residents are cognizant of the
TACT.
Silver mining today with railway
transportation, shelters and modern
equipment at hand will, in
he opinion of many mine operators,
)e o profitable than it has in the
,ast, and where n person reaped
,rofits in the olden days, hundreds
will share in the stampede of today.
Lump GuIch Active
Pioneer in the silver mining dis
of the state that are active to-
is Lump gulch district, IL miles
outh of Helena. Liverpool, Free
Vera Cruz, Dan Tucker,
King Solomon, Little Nell, Baby
Helen, Mammoth and Muskegon are
.mong the leading producers in this
Liverpool is shipping from five to
tx carloads of silver ore weekly. !
rec Coinage, which is operated by
be Amalgamated Silver Mines COM !
any of Helena, is carrying out a big /
evelopment and sinking program /
at the same time is keeping up +
5eady ore shipments.
AL VI ~ pI0POl I1CO III AuIlp us IA
we're producers a quarter of a /
entury ago and from many mines in
lie district ore was at one time act
ally hauled overland to San Fran +
SEQ and shipped across the waters =
Wales for smelling. The silver
re in the district is high grade and
some mines the rare ruby silver
'e is found.
Anaconda residents, headed by T. :
Stewart, have brought the old
era Cruz mine to the production
age again and are shipping some
grade silver ore. The Vera
was O. famous producer of sill
# before the great slump, more
an rs years ago.
In Neihart Country
At Neihart, near Great Falls, evil
of the silver revival in Mon i
ma may be seen on all sides. Among =
g larger properties at Neihart are B
e Neihart Consolidated Silver Min
6 company, of which Dan Tracy of
'eat Falls is president; Neihart Sill
r Mines company, headed by b
,wndes Maury of Butte; Cascade
liver Mines and Mills, managed by
r. Maury, and the Flohart Silver
ming company, in which eastern
pitalists are interested.
In addition to the above companies
ere are a large number of smaller
ming concerns and many individ-
Is who are working small proper
s and claims.
Since the silver revival the town
Neihart has staged a wonderful
omeback." From a population of
little more than 100 persons the
has jumped to a total of more
1000 souls. All houses and
ildings in the town are in use and
s summer tents will be employed
care for the overflow.
Wickes Adds Quota
Wickes mining district, between
tie and Helena, adds it's quota to
number of mines in the state
turning out silver ores. Note
rthy in this territory are famous
producers of years ago, such as
Alta, Minah, Gregory, Bluebird
/ Comet, whose combined produc-
q is close to 800, 100000.
rhe Bertha, Blizzard, Minah and a
nber of smaller mines in this dis
It are now active and producing
Development work is being
-. - $500 x.,-oL~- ~ = |