The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-04-08
REPORT OF FEDERAL
MINING 8 SMELLING
Company Had Four
Mines in Oper-
alton
IDAHO AND OKLAHOMA
President BrownelI Regards
Mining Outlook Better
Than Year Ago
IDAHO AND OKLAHOMA
"HE REPORT of f. H. Brownen.

"HE REPORT of +. II. Brownell,
president of the Federal Mining
" Smelling company, for the
year 1919 has been received. The
company operated four mines during
the year, namely. The Morning at
Mulan. the Independence, near Hal
/ ley. and the Brewster and Lucky o.
/ X. i'm oklahoma. The Morning pro-
duces both lead and zinc, the Inde-
lpendence lead. ana the Brewster and
Lucky O. X. chiefly zinc. In addition
to these mines, the company receives
considerable income in royalties from
numerous leases. An interesting table
accompanies the report showing the
financial results of operation of the
company's mines for each month dur
ing the year, emitting deductions for
ore depletion and taxes and not in
Guiding general income These figures
in connection with the operation of
the Morning are particularly interest
ing and instructive as a reflection of
the difficulties with which the COM
pany had to contend during year
that was notably lean one for the
mining industry Unsettled metal
market, labor shortage and ineficiency
ana a co,,n1oto s,,sro,,sio,, Gov 49,,
nontbs an occo,,nt Of tbo s+r,l,o all
combinad to mako tbe voar bord
oro for tbo ,rornin, D,r,r,, 600,
months of tbo Won, tbe con,ran, enc
tanned losses ranping from, Sqooq IN
september 10 SAT ee7 in October Re-
sides tbeso bo LOSING uonths vora
February March b,ne ulv and
August
President Rro,.ne,rs R.,o.4
.rTha ,.icissitpdas of fortune during
1919 i'm tba Affairs If tbfs co,,ro,,,,
we're many and eroot
.rha ,,,r ono,,a win, t,.. ,,,,,,.,.,i
ata ra,ction H., nr,d,,otio, d,,o - H.
sudden and sa,ero. fam i'm tbo ,rioo oe
metals folloving fine armistice
Toward the middle Of tbe vear as
tha acnto ,boso oe roodi,st,,,1,,t ,,.os
Iassonino in intonsit, 1abor 4rou,io,
il, tho Coanr d,Alonos bagan ~ de,,aI-
an crln,inatin, in o. strfl,o which olos-
ed the NTornino mine and a,er,, .,,ina
IN +be 5istrict sa,,e ono fo. o. ,o,io., of
some six coaks The dieoroanizatior
of forces and tbe necessity for doing
nucb reconstruction work oeter so
long shut down. made If imnossible
+, oct tba Morning mine aqain in on
Grafton before we'll into Novan,bor
"Ovine to the very uncertain condi-
tions nrevailinp tbrouqb tho larger
mart of fine wear If was innossfhla 70
pa rrv an tbe norn,al da,a1onnant vyo,l,
In the Nrorninq mine
...rhe comnanv acouired no now nro-
oerties. but at the present writing has
several under investigation.
"The Star LITIGATION alluded TO in
,ur last annual renort has NOT at this
writing been decided The case was
argued in the circuit court Of apneals
,or the ninth circuit in FEBRUARY 1919
.swithout in anv sense attemntinp to
,ronbesv as TO the total result for the
year 1920 it may be said that the stu
,tion at tbis time is brighter than
,ear ago. principally because of the
.ollowing factors:
81. The better prospects of silver.
cad and zinc
80. our Brewster mine in Oklaho-
ma. is now in full operation and
should. under normal conditions be
steady revenue producer.