The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-09-21
HERZIG PREDICTS BIG
MINING BOOM IS COMING
NEW YORK ENGINEER ENTHUSI-
ASTIC OVER OUTLOOK
OF THIS DISTRICT.

Il am bull ON Occur dAlene
mines, IS the concise manner IN
when Charles ). herAg Oh New ork,
summed up his Impressions OF the
district alter being here nve days ana
inspecting independence Lead, Amen
can Commander. W est Hunter Hecla
ana Success. Although he had visited
the district only once before, MIR. Her
zig SAID he mad nevertheless kept in
close touch with mining operations
here, being especially Interested ON
account of his wide experience in lead
mining. lie spoke particularly OF his
connection with the Broken Hill mine
( in Australia and the Bawdwin mine i'll
Burma, India, two OF the greatest lead
mining enterprises in the world. Com
pairing the mineral showings here
having special reference to properties
/ in the development stage, with those
/ in other mining districts, Mr. Herzig
said that if anything half Us good
should be opened up say in Nevada,
the papers down there would proclaim
it to the world through full page head
lines and special editions. and he was
inclined to think that more of that
class of publicity would result in turn
ing investors to the Occur d'Alenes.
However, he commended the Miner
for the complete and reliable manner
in which it covered the mining news
and said that it had a high standing
among mining investors in New York,
but at the same time he thought
more liberal use of startling head
lines followed by little less conserv-
atism in description would increase
it's usefulness.
Looks Like Mining Boom.
Mr. Herzig takes a very optimistic
view Of the mining situation through
out the country and expressed the
opinion that all conditions indicate a
real mining boom. He said that some
of the large financial houses in the
east are interested in mining to an
extent never known before, some of /
them giving financial support to the T.
development 0f mere prospects, In /
dicating a departure from the usual
which has heretofore
investment houses Of |
this class. He commented particular /
Iy upon the favorable condition of the /
lead market the increased use of zinc /
and the efforts of the copper com I
panies to solve their difficulties by /
the manufacturing field and /
thus be able to supply the consumer /
direct. A notable case of this is the I
Anaconda company, which Mr.. Herzig /
said inside of two years will be man
ufacturing its entire metal product /
and supplying consumers direct and /
thus eliminate the tribute levied by /
middle men.
independence Lead.
Mr. Herzig arrived here last Thurs
lay and spent two days in a careful
examination of Independence Lead in
which he is the largest stakeholder
His examination included both under
ground workings and the surface, and
MS satisfaction with the result is in
Heated by the statement: 81 don't see
any possibility of Independence Lead /
'ailing to become a great mine. I am
me of the large stockholders in the
company and I expect some day to
get IS a share for my holdings" Dis
,ussing the development of the prop
,rty Mr. Herzig said on No tunnel
evel ore had been developed for 200
eet in following a fracture in a nor
herly direction from the main cross
mt This suddenly terminated upon
eaching what appears to be the foot
vail of the vein. having the usual
fContir,,ad ~, 1,aga x