The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-11-30
A VIGOROUS PROGRAM
Make Galena a Producer
Plans Include Increased
Production by Callahan
THE CONSOLIDATION of the
Galena Mining company with
the Callahan Zinc-Lead com

Galena Mining company wit
the Callahan Zinc Lead CON
pany Will result in the immed
ate Inauguration of an intensive de
velopment plans for Galena. This
by John Borg of Me-
York, president of the Callahan com
pany. in an authorized statement {
the Miner yesterday Plans also in
clude increased production at the Cal
lahan and generally expanding the op
Grafton of the Callahan compan,
Speaking for the directors of the com
pany, President Borg said:
An Aggressive Campaign.
THE acquisition of the Galena
property by the Callahan com
pany means a vigorous develop
ment program at the Galena At
the present time we are having a
geological survey made. not only
of the Galena property, but Of the
Callahan as well, by Dr. Walter
Harvey Weed. 1t is designed to
map out a comprehensive program
of development at the two proper
ties and when this has been done.
the work of carrying out the pro-
gram will be begun. The present
extensive holdings of the Callahan
company at the head of Nina Mile
will be developed along lines map
ped out by DR.. Weed and we nave
every reason to believe that
greater things by way of produc-
ton from this property are to lie
looked for as a result of this plan
of development. 1t is expected
that by the time the exchange Of
galena for Callahan stock has Leen
completed, the work at the Galena
property will be proceeding IN a
vigorous manner and that it will
result in the placing of the Galeaa
in the producing class within
much shorter period than had
been originally planned.
1T is the unanimous desire Of
the Callahan directorate to place
that company in a position where
it will be regarded as one of the
permanent institutions of the
Occur d'Alene district To a man
they are optimistic as to the fu-
ture of this great lead-silver field
and in pursuance of that policy
are adding to their holdings prop
critics which will, upon thorough
examination, justify exploration
and development"
Directors Return Home.
With the exception of John Borg
resident. all of the directors and Of
GERS of the Callahan Zinc-Lead COM
any who were here last week to at
nd the meeting, have returned to
ieir homes in the east. President
org was suffering from a severe cold
BON his arrival here from the east
Id found it necessary to spend sew
al days in the hospital, which pre-
,nted him from attending the meet
g of the directors and participating
,rsonally in the negotiations which
suited in the absorption of the Ga
ma Mining company by the Callahan
r. Borg has now fully recovered and
III remain here another week giving
s attention to company affairs and
so taking advantage of the oppor-
nifty for a brief visit with friends.
r and Mrs. Borg are stopping at the
mo Of n f-aIfona1
Consolidation Pleasesl Everybody.
The terms upon which the Galena
ming company was consolidated
tn the Callahan Zinc-Lead company
e evidently highly satisfactory to
parties concerned. Galena stock
lders are particularly gratifed over
e attitude of the Callahan directors
10, although representing the ma
-ity declined to name the basis of
and told the Galena min
ty to name the terms. The confer
&c that followed between the Gala
n directors and the committee rep
ienting the minority Galena stock !
lders was without friction and the |
liority interest at no time manifest |
a disposition to force onerous /
ms upon the minority. The agree
mt to exchange Galena stock for /
llahan on a basis of Is to ! was the /
Iult of mutual concession. having /
: unanimous approval of Callahan !
ectors and was unanimously rati-
4 by the stockholders Of Galena.