The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-12-07
IMPORTANT MEETING OF
WEST UNION DIRECTORS
SHERIDAN GETS LEASE OF H. E.
M. eRoUND-sooN CLOSE
SMELLING CONTRACT.

The regular meeting of the direct
ors OF the Western Union Mining COM
pany in this city last Monday evening
was one of unusual Importance, as
questions were disposed of directly
affecting the development and opera
ton of the mine. The following di-
irectors were present: J. +. Austin OF
Tacoma; j. L. Burbank of Cheney; h.
ID. Winchester, of Yakima; Eric Hag
man, William Holm and +. L. Hale, OF
Wallace. The only absentee was d.
H. Anderson, of Spokane, president OF
the company who was unable to at
tend on account of sickness. Ben L.
Collins, secretary and manager of the
company, was present and submitted
report covering company affairs
since the last meeting of the direct
ors. The outside directors subse
quently visited the mine and express
ed much satisfaction with the re-
eral with the manner in which opera
tons were being conducted.
Important Lease.
One of the most important matters
to come before the meeting was the
leasing of a large block of II. Z. M.
ground to N. c. Sheridan, well known
mining engineer of this city who has
been very successful in leasing opera
tons. The ground leased to Mr..
Sheridan includes all above No. 3 tun-
Of aa
raise connecting No. and No. 4. The
lease runs for one year on basis of
25 per cent royalty to the company on
ali smeiter returns. This lease is 1860
feet west from the ore developed in
drifting east on No. 3. Before con-
solidation with the Aurora Sampson
the H. E. NJ Mining company develop
ed a fine shoot of ore in No. 2 tunnel,
but efforts to find the shoot in No.
were unsuccessful The purpose of
Mr.. Sheridan in taking the lease is to
find this ore on its downward course,
and if his work proves successful it
viii not only mean substantial profit
for himself, but will also prove of
great advantage to the company by
indicating the position of the ore be-
low No. and making it available by
prosecuting from No. 4, 26O feet be-
low No. 8.
Smelling Contract.
Another matter of Importance that
came before the meeting was the
question of entering into a contract
for the smelling of Western Union ore.
This matter was disposed of by the
of a special committee
authorized to consider proposals from
.smelters and enter into
contract which in the judgment of the
committee was the most favorable. /
This committee is composed of d. H. |
Anderson, president of the company;
Ben L. Collins, manager and Ellis L.
Hale, treasurer. The committee ex-
poets to close a contract within a
few days.
Crowd Ore Shipments.
A resolution was passed instructing
the management to continue the pol
icy of pushing development work as
rapidly as possible and to crowd ship |
ments to the limit in order to take
advantage OF the high metal market
This is especially important to the
Western Union on account of the high |
silver content of the ore, for while |
the price of lead seems safe at the |
present high level, there will be a
slump in the price of silver by next /
fall unless some plan is devised in the
meantime to maintain the price after /
the Pittman purchases are completed /
by the government.