The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-02-05
ORE STRIKE At AJAX
LOOKS LIKE NEW MINE
ORE SHOWS BETTER GRADE AS
THE DRIFT ATTAlNS
DEPTH.

Developments at the Ajax property
during the week have meet with most
encouraging results, according to the
statements from the mine, The ore
continues strong in the drift, with the
quality growing better as the work
advances. The best ore is making
along the foot wall side of the vein.
clean ore of shipping grade coming
from the face across two feet Of the
ledge, while the balance of the vein
/ is showing more or less ore of mill
ing grade.
The ore is pronounced by mining
men who visited the property last
Sunday to be characteristic of the
Burke section and to have every ap-
pearance of developing into one of
the new shippers of the district. The
vein is a splendid type of true fssure,
with we'll defined walls. showing lit
tie disturbance from fault or other
action.
Control Held in East.
The Ajax stock is held principally
by Lynn, Mass, residents. The COM
pany is incorporated for 1900, 900
shares of one dollar par value The
mine is we'll equipped with electric
power, compressor and other machin-
cry for rapid, economical work Fred
E. Starlley of Spokane is president Of
the corporation; Harry w. Wood
ward, Of Lynn, Mass, vice president:
J A. Havighorst, Spokane, secretary
treasurer Gus Benson of Burke and
Alva c. Bixby of this city are direct
ors. Mr.. Bixby is manager of the
property and has had active charge
Of the work for a number Of years.
melting pot, to date. and is regarded
as a necessary preliminary to new
silver coinage.
The German mark is the standard
money of Germany as the dollar is
the standard of the United States.
gold in both cases However just as
there is no actual dollar gold coin in
this country. so there is no actual
gold mark in Germany The actual
German mark coin is a silver coin
about the size Of a quarter dollar It
weighs 5.5555 grams, and is an alloy
% 9OO-1OO0ths silver and contains 7716
grains pure silver The silver is
worth 21.7 cents per German mark |
when silver sells at 1888 per ounce in /
New York or $1.S5 in Berlin.
The new standard of German silver /
has not yet been announced /
New Coinage for Canada.
A new silver coinage of Canada is /
in force The Canada Gazette gives
official notice that since January I
the Canadian minis win coin silver /
coins Of the same size and weight and .
same face value as heretofore. but
only 500 parts silver per
thousand I'm the alloy. versus 925- |
iOOOths fine as heretofore. the old
British standard The old Canadian
silver dollar contained 1913 grains pure
silver and the fractional coins in pro-
portion. The new will contain 2SS
grains pure silver. One thousand
ounces pure silver will enter into
1900 face value new money, versus
;144O heretofore This establishes
no an ounce as the par between
money, versus $1.44 heretofore.
Two bills in congress to revise Am
,rican silver coinage are still before r
he house committee on banking and
currency
The British government plans call
ng in the silver money. but has not
ret taken definite steps in this direc-
ion. such as has been taken by Ger
many. The British government has
however, prepared and has already !
printed currency notes or what used
0 he called "shin plasters" in the old
lvil war days in this country. They
epresent paper money Of small de-
domination. backed. presumably. by
ONE sort Of reserve Of silver or gold