davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-01-30
RAILROAD OFFICERS
DENY HINES CHARGE
Assert Lines Were Not in So
Bad Condition as Ex-Direc-
tor Contended.

Statistics were issued yesterday In a
statement by the Association of Rail-
way Executives. 61 Broadway. to con-
flute the testimony of Walker d. Hines.
former Director-General of Railroads,
concerning the condition of the roads
when they were returned to their
owners. -f.
:, Mr. Hines declared that the statement
that the railroads were turned back in
an under-maintained and broken down
conGition was "a fiction representing ex-
traordinary distortion of the facts"
eat the beginning of Federal control
17.5 per cent OF the equipment was in
bad order" the railroad executives say.
After twenty-six months of Govern
ment operation 25.6 per cent. of the
locomotives were in bad order.
eat the beginning of Federal control
there were in use by the carriers about
2,253,000 freight cars, of which 81 per
cent. or 12S.7S0 cars were reported in
bad order. At the end of Federal con-
troll the railroads had 2.307. 900 cars, of
which 81 per cent or 153.727 cars were
in bad order.
"Cro.s-tie renewals In 1918 and 1919
(the period of Federal controD. were
25.000,000 ties below the test period
sufficient to lay nearly 5000 miles of
track.
"Rsil renewals during the two years
of Federal control were 440.230 tons
below the average Of the test period.
The amount of ballast used during
the period Of Federal control was 1876
100 cubic yards less than the average
used in the test period.
THE greatest danger which the rail-
roads faced during the period of Fed
cral control was the impairment or
destruction of their earning power by
an increase of expenses not compensated
by an adequate increase in rates. The
Director-General had control of both
expenses and rates. The railroads have
n Just cause OF complaint against the
Director-General for refusing to recog-
nize at least the moral obligation to
maintain. so far as possible. the proper
relationship between railroad revenues
and railroad expenses"
The New York herald., 1922-01-30
CREDIT MEN POINT OUT
IMPROVED CONDITIONS
Only Among Formers Is Op.
fir1ism Lacking.

Eight points of the business situa-
ton as sized ,p by $4,000 credit men
OF the national association, are stated
as follows by the secretary:
1---Basic conditions have continued
to improve slightly.
2-Production in some cor,modi-
ties. the metal industries. leather
manufacturing and car building and
repairing show slight increases.
3--The cost of living shows a
smali decline.
~ Unemployment remains about
neutral
with increasing reserves In
federal Reserve banks sufficient
-vailable credit is indicated when
demand arises.
6--Salaried people are showing in
creased purchasing power.
THE business men of the nation
are showing grit. But
S--Farmers are I'm deplorable
condition. economically.
In general comment the association
calls for lower production costs, lower
operating. especially labor, costs and q
decrease In traffic rates.
The New York herald., 1922-01-30
$4,000, 900 LAND BANK ISSUE.

William r. Compton Company and
Halsey. Stuart & Co. Inc, are offering a
new issue of 100000 Lincoln Joint
Stock Land Bank (Lincoln. Neb.) per
cent bonds. due Nocember /. 1851, OPP
tional November 1, 1891. exempt from
all Federal. State. municipal and local
taxation except inheritance taxes. The
bonds are issued under the Federal farm
loan act and are offered at 101h and ac-
crued interest, to yield about 4.so per
cent to optional maturity and per cent.
thereafter
The New York herald., 1922-01-30
FOREIGN BONDS.

~ you orc seeking rs,r capitol, a Sors-
ner or ,cdnt TO start a business. a Bua-
ness Opportunity Ad. IN THE NEW
YORK HERALD may accomplish 5sst
chat vou are after. Try one. TefephoAss
advertisements to Worth 10000.
The New York herald., 1922-01-30
TOXIC SILK MART FIRM.
Lifeless st End of Trading. with
slight Export Gain.

ToKIo. Jan. 2s.--The silk market was
firm. although lifeless. at the end Of
trading to-day. The export demand
showed little Improvement
During the week adverse reports from
New York threw the Yokohama ex-
change into confusion. entailing a sus-
pension in trading on Wednesday. Dur
ing the recess on that day sellers re-
solved not TO dispose OF goods for ex-
port or domestic consumption under q
price Of 1880 yen for standard grades.
The New York herald., 1922-01-30
New Issue
$1,750,000
lndiahoma Refining Company

Mortgage Sinking
January 1 Due January l.
an sue tpayble january and
Office s c c Without s % s s M Gs. % National M Bank NIX m New x%A New
ey Personal Property Tax = mills
R'%Is whole the option @ the Company date
70 January l.
a
called for
sdoes President as
Wiz $ f : ss Ct = N its 9 s essss
4 := :s e.: sss s@:s @ sssss s
] ss % s s esr % s1 % ss s a: g
s !: % s % n as Il T = s |
Rs | s5s5s 5s s @ ss met " s 's Dass Note"
a. e. e :ss % 5 $ ] III s .:; ss sS'i
'u:s2s: q s ss lii @ H. = St % sss sss% Rsssss ns
% @ % " % % expenses incurred m the development "as
s $ ; = a: i :s si x s s % @
s. as s. % % a ssg vi s@s @s @ s - %
:ss: 's %
% u % ~ a T @ t~s ~@ % @ sn.s z
1s% y IsS S s Ss s1s ss t. %
~ ' ~ De-" "a4S~
z s "s @n % sn~ ] s%a n s sr ss ss
and am dmd,a Mta oasrrda ew~mua
and interest to yield 800
Baker, Watts & Co. Hannbeton & C
Til. information % sSs G rMas purchase % s guaranteed
The New York herald., 1922-01-30
BODY FOUND AFLoAr.

The body of a woman was found
floating In tho Hudson River at pier
Is yesterday. 1t was recovered and
sent to the morgue. The woman was
about 40 years old. five feet six inches
I'm height. weighed 1870 pounds, had
mixed gray hair and wore brown
skirt. white waist. cotton underwear,
hrown stockings and black lace can
vass shoes.
The New York herald., 1922-01-30
NO PAR FoR KEYSTONE TIRE.

Directors of the Keystone Tire & Rub
Der Company. meeting Thursday, APP
proved change in the par value Of the
stock from $40 a share to no par value.
A date will be fixed for special meet
ing of stockholders to vote on the change
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
MACEDONIA.

After much delay on account of
sickness. A. NJ. Mundell left this
morning for Slate creek, where
he will give attention to further de-
velopment of the Macedonia group
which he located and which is now
owned by the Macedonia Mining COM
pany. Mr.. Mundell's chief purpose
now is to further investigate and
prove the existence of platinum in
one of the veins. from which ne has
received encouraging assays. In ad-
dition to the platinum possibilities, the
several veins covered by the group
give evidence of carrying lead silver
and copper ores of commercial value
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
FOUR TIMBERS.

At the annual meeting of the stock
holders of the Four Timbers Mining
company last Saturday a number of
outside stockholders were present, but
the amount of stock represented was
not sufficient to constitute a quorum.
The officers of the company were
present and company affairs were
generally discussed, resulting in bet
ter understanding and the removal of
the discord which has existed to a
more or less extent in the company
for some time The Four Timbers
company owns a group of five unpat-
ented claims on Beaver creek, joining
the Amazon Manhattan. Annual as
sessment work is now being done on
the claims, and it is probable that
during the summer arrangements will
be made to carry out important de-
velopment plans The officers and di-
rectors of the company are DR. A.
Chapman, of Colfax, president; VIII
liam Shannon. of Wallace, vice presi
dent; Frank Bland. of Wallace, sec
rotary treasurer; William Tippett, Of
Spokane. and William Sutherland, Of
Colfax.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
POSTMASTER AT WALLACE
COMPETITIVE EXAMINATION
TO BE HELD ON JULY IS

The term of Postmaster Joseph
f. Whelan will expire on Sep
TENDER S. and to nh the vacancy
the civil service commission has
called a competitive examination
of applicants for the position ON
July Is This procedure is in
conformity with the executive or
der issued in May governing the
appointment of postmasters at
offices of the first second and
third class While the eXamina-
ton is called by the civil service
commission. postmasters at Of
fees of these classes are not EN-
braced in the civil service: that
is, they are appointed for term
of four years and are in effect
political appointments
From present indications there
will be lively competition for the
Wallace postmastership The
Office now pays salary of $500
per year. but this is subject to
SllBnl variation from year To year,
as the salary for each year is
based on the receipts of the office
for the preceding year. There
are now five known active appli-
cants for the position. These are
. John A. Ruebke present assist
ant postmaster; Glynn Evans,
deputy county treasurer who for
merly held clerical position in
the postohice; NJ. A. Corner. of
Corner & Fisher, well known
business man; Mrs. Elizabeth
Hartley proprietor of a book and
novelty store: and Mrs. A. l..
Nicholson. widow of former
we'll known insurance and real
estate man.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
INDEPENDENCE LEAD
HAS ORE IN CROSSCUT
IMPORTANT DISCLOSURE VERl-
FIEs THEORY OF MANAGE
MENT AND INSPECTOR.

Harry w ingalls,, manager of the
independence Lead Mines company,
came down from Mullan yesterday,
bringing samples of ore taken from
the face of a crosscut running north
westerly from No. 3 tunnel. This
crosseut was started at point where
the ore was first encountered in No. 3
and where it had evidently been dis
placed on the west side of the tunnel
by faultng and the purpose of the
crosscut was to determine its location.
Mr.. ingalls, theory has always been
that the ore would be found to the
northwest beneath the ore showing in
theory, he says, was supported by
Stewart Campbell, state mine inspect
or. who inspected the Independence a
few weeks ago. 1t was therefore de-
cided to try out this theory by ex-
tending the crosscut as stated above.
Find the Ore.
After running 10 feet in a north
westerly direction the crosscut pass
ed through the line of a fault and
broke into a body of lead silver ore
of the same character as that found
on the east side of No. tunnel. An
interesting feature of this showing is
a small stringer carrying what ap-
pears to be native silver. The extent
of this silver shoot remains to
be determined. The face of the cross
cut is now almost under the showing
in No. 2 tunnel, where there is
showing of low grade ore for so or 60
feet. Immediately above No. 2 is tun-
mel No. 1, in which there is also a
good showing of ore. even better than
No. 2. Tunnel No. is almost 300 feet
above No 3, and the crosscut practic-
ally proves the continuity of the ore
shoot to that depth. On the east side
of No. the ore has been followed for
approximately $50 feet. After having
extended the crosscut to determine
the extent of the ore below No. 2. the
next step will be to crOsscut from No.
tunnel, upwards of 800 feet below
No. 3, where the ore shoot should be
located without difficulty.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
Day Mines May Ship to A. S. & r.
Tamarack Use No. 6 Tunnel---Harry
L. Day Director of the "Trust"

the a. ). 4 r. company. The Tam
arack company has long desired an
outlet on Canyon creek which would
eliminate the unsatisfactory tramway
connecting the mine with the mill.
and the No. . tunnel of the old stan
dard- Mammoth mine presented the
most favorable means to accomplish
that purpose. The Standard Nam
moth is owned by the Federal Mining
& Smelling company. and the Federal
in turn is controlled by the American
Smelling & Refining company. Since
the A :. & r. wanted the ore from
the mines. it was an easy matter to
ARRANGE with the Federal company to
grant the use of No tunnel to the
Tamarack if by doing so it would aid
in landing the contract for Tamarack
and Hercules ore. In any event, Tam
arack has sA~""ed the right to No 6
tunnel. and it may be assumed that
the A. S. & r. has the contract for
the ores.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
CEDAR CREEK PREPARES
FOR EARLY PRODUCTION
SAWMlLL ORDERED NEGOTlA-
TlONS PENDING FOR FIN
ANGLING COMPANY.

The Cedar Creek Mining & Devel-
opment company has ordered saw
mill for immediate delivery an i'm
portant step in the extensive devel-
opmcnt program the company is pre-
pairing to carry out. The mill will be
used in framing mining timbers and
also in turning out lumber for new
buildings which will eventually be
needed. The entire force is now en-
gagged in cutting timber and doing
other outside work preparatory to
the installation of the sawmill The
company has a large body of timber
suitable for mining purposes which
will meet requirements for many
years. With the mill in operation, at
tention will be turned to underground
work. The first job will be the extern
sion of the raise from the No or
main tunnel to connection with the
shaft sunk from No. 2. This shaft is
about 1875 feet deep and the raise con-
Meeting with it will be about the same
distance. The shaft is in ore and
connection with it will provide good
ventilation as well as making access
ible a large body of ore.
Will Sink From No. 8.
The raise completed, the next step
will be sinking from No. tunnel level
at a point back probably $50 feet from
the face of the east drift. A large
shoot of commercial ore has been ex-
posed on this level, both lead-silver
and zinc and the shaft is for the pur-
pose of proving it at greater depth.
Negotiations are pending with every
indication of success with the view to
financing the company and placing
the mine on a productive basis. Cedar
Creek is situated about mile and
half from Raven. on the line of the
Prichard creek railroad. With ton
mage assured from Cedar creek, add
ed to that from the Giant Ledge Bear
Creek, Monarch and Paragon, there
should be no great difficulty in induc-
ing the O.-W. r. & n. company to
restore the Prichard creek branch.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
ORE SHIPMENTS FROM
THE SUNSET MINE;
ADD NEW EQUIPMENT

\. G. Backman, of Butte, arriv-
ed last week and proceeded at
once to the Sunset mine on Sun
set peak. where it is stated on ap-
parently reliable authority he will
install a compressor and other
equipment. Last year. under the
personal direction of Mr.. Back
man, all machinery and equip
ment was removed from the mine
and shipped to Butte. and this
was taken to mean that opera
tons of the property at that high
elevation had been permanently
abandoned II is now learned
that the purpose is to mine quite
a large tonnage of ore that is
available from the tunnel that
passes through the mountain on
a level with the collar of the shaft,
this ore to be hauled to Bum sta
ton, on Nine Mile. for shipment.
This ore is lead and is said to
carry quite a high value in silver,
and the high prices of these met
ais make it profitable to ship in
spite of the long haul to the rail-
road. The Sunset shaft has been
sunk 1000 feet and it is under
stood that much ore. both lead
silver and zinc, has been exposed
on various levels. The mine is
owned by Senator w. A. Clark,
of Butte, and it is believed that
he will eventually open it by deep
tunnel from the Beaver creek
side w c. Siderfin, manager of
the Clark mining interests, of
Butte, is expected to visit the
Sunset soon.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
WORK At THE BULLION
PROVE LONG ORE SHOOT
COMPLETION OF BULLION ROAD
CONNECTS ST. JOE WITH
COUNTY SEAT.

James II. Taylor manager of the
Bullion Mining company. left yester-
day afternoon for Portland, where he
will meet Mrs. Taylor and the chill
dren, vino are returning after a long
sOjOurn in southern California. Mr.
Taylor spent the winter in California
returning early in the spring and
since the snow disappeared has been
giving his attention to operations at
the Bullion. He came over from the
property a few days ago where eight
men are now employed. some of
whom are engaged in surface work.
Since resuming work underground
crosscuts have been run which have
located the ore shoot east of the big
dixie that intersects the vein, but eff
forts to locate it on the west side
have not been successful. The work
on the east side however proves the
continuity of the ore shoot for a long
distance and makes a large addition
tc the ore in sight The main drift is
now being extended. and also a raise
has been started which will eventual
ly connect the main tunnel with the
tunnel level 400 feet above.
Wagon Road to Milwaukee.
The broad trail on wagon road
grade which was constructed from
the Bullion camp down Bullion creek
two miles has been cleared of all the
fallen timber and other distractions,
and plans are under consideration to
widen this to a standard wagon road
and extend it to connection with the
Pearson road, some two miles beyond
the present end of the trail. The
county commissioners have already
given some assistance in the con-
struction of this trail and it is ex-
pected that the county will join the
Bullion in completing the road to the
Pearson, thus making connection with
the Milwaukee railroad at Boyle spur.
This with the Bullion road from Bor-
ak, which will be connected with the
Yellowstone trail by Mineral county
will give direct automobile road con-
nection between Wallace. the county
seat, and the St Joe section. a con-
summation long desired.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
Bailey on Moon Creek.

F. C. Bailey. of Spokane, secretary
of the Northwest Mining association,
was in the city last week. Mr.. Bailey
is manager of the Placer Creek Sill
YER Lead Mining company which
owns a group of claims on Placer
creek near the Vienna international,
and upon which development work
has been going on for the past year.
While here last week Mr.. Bailey said
that he had taken over control Of the
Revolution group of claims. on Moon
creek. and was taking steps to or
ganize the Crescent Mining & Milling
company with the view to developing
the property.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
JOHN BORG OPTIMISTIC
OUTLOOK FOR CALLAHAN
ADVANCE IN PRICE ZlNC-EN q
cOURAGING DEVELOPMENT
AT GALENA-FINANCES.

John Borg, of New York. president
of the Callahan Znc-Lead company
under date of June u, issued letter
to the stockholders advising them of
the action taken by the directors at
the annual meeting held in New York
on June 8 and reviewing the affairs
of the company and its activities. His
comment on the metal situation in its
application to resumption of oper-
atoms at the Callahan mine is decid-
eddy optimistic as is also his refer
ence to the company's operations as
the controlling owner Of the Galena
Mining company. President Borg's
letter follows:
.. A. Callahan Vice President.
AT the annual meeting of your di
rectors, held in New York on June 5,
the following officers We're elected:
John Borg, president; NJ G. ROdear-
mel. first vice president; Donald A.
Callahan, second vice president; II.
r. McMeelin. secretary and treasur-
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29

"OLLOWING the closing down of
- the Day mines more than a year
ago. it was the opinion of those
who were in position to know
that the most pressing cause of the
suspension was the difficulty the
Days found in marketing their lead
profitably in competition with larger
and more favorably situated smelling
and refining concerns. and the pre-
diction was freely made that when
the Tamarack and Hercules resumed
production their ores would be ship
ped under contract to other smelters,
and that the Northport smelter
would never be operated again by the
Days Now comes the announcement
that the Tamarack and Hercules are
TO start up. and at the same time
comes the news from New York that
Harry L. Day has been elected a di-
rector of the American Smelling &
Refining company the much abused
"smelter trust" In this situation
there is of course no other conclusion
than that those who made the predic-
tons about the disposition of Day
ere and Day difficulties in connection
with smelling their own ores knew
what they were talking about, and
that the ores from the Tamarack and
Hercules will be shipped to the A S
& r. smelter at East Helena And
thus ends the boastful belligerency of
the Days toward the American Smell
ting & Refining company. They are
now part of the trust" they were go
ing to bust"
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29

1t has been apparent for some time,
since the price of lead took its up
ward turn. that the Days desired to
resume production at the Tamarack
and Hercules, and the belief has pre-
vailed that the delay was due to ne
gotiating a contract for their ores. It
is now evident that there were other
matters outside of the actual terms
of the contract that had an important
bearing upon the negotiations with
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
HEcLA PAYS USUAL
QUARTERLY DIVIDEND

The Hecla Mining company
made the usual quarterly divi-
dend disbursement last Tuesday
June o. The payment was at
the rate of IS cents per share
and amounted to $4,000, making
a total of 100000 paid this year
Owing to the advance in the
price of lead and the belief that it
will go higher, the impression
prevails that Hecla will be in po-
sition to pay an extra dividend
during the last half of the year.
but no intimation on this point
has come from any authoritative
source.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29
Increase CapitaI Stock.

Your directors voted to recon-
mend an increase in the capitalization
of the company from 100000 to 1000. .
600 shares of stock, as per the notice
of a special meeting herewith en-
closed. The purpose of the proposed
increase in our capitalization is to
permit your company to increase its
holdings in other mining enterprises
and to expand its operations in gem
eral, although our present plans con-
template the sale of not more than 20
per cent of the new issue this year
Stockholders will be given the right
to subscribe to part of the new issue
at par from time to time as and when
in the opinion of your directors ad
ditional capital can be proitably en-
ployed for the above purposes. in
order to facilitate the Issuance of
these transferable rights in the flu
ture stockholders are requested to
keep this office advised of any cor
rection in the name and address ap-
pearing on the enclosed proxy.
Galena Looks Good.
Recent developments at the Galena
property justify the optimism ex
pressed in our last annual report. De
velopments on the ore body located
by a crosscut from the No tunnel
level are very encouraging Assays
for a width of four feet on this level
are 1873 per cent lead and 1872 ounces
of silver TO the ton. which is the high
est average grade ore opened up in
the Galena mine to date. An ore
body of considerable magnitude has
been developed on four levels in this
mine.
Better Zinc Market
During the past three months
there has been a material improve
ment in the condition of the metal
markets A large reduction in sur
plus stocks of zinc at smelters has
been followed by an advance from a
low of AZ last year to a present level
of 5.4 cents per pound, while there
has been a corresponding advance in
the price of lead from 4.6 to 5.S cents
per pound during the same period
The recent announcement of a ma
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-06-29

At a meeting of the directors of the
Snowshoe Mining company in Mullan
last week Roy Hall was elected direc-
tor to fill the vacancy caused by the
resignation of James A. Bean, who
now resides in California. A commit
tee was appointed to devise ways and
means for an early resumption of de-
velopment.