The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1922-06-01
MANNING PROBLEMS OF MONTANA AND WEST
TO BE DISCUSSED NEXT MONTH IM DENVER

Representative leaders of the west
ern mining industry will hold an m
portant conference at Denver, June
20 and 81, under the auspices OF the
American Mining congress, to con-
slider the problems confronting the
industry and to formulate a construc-
tive platform which will have the
united support of the western mining
states. A conference committee, con-
sisting of representatives of each OF
the western mining states, issued a
call for the conference. Among the
members of the committee are Robert
E. Tally, general manager United
Verde Copper company, Jerome, Ari-
IONA; William b. DAILY, assistant ma
mayer Anaconda Copper company,
Butte; c. S. Muffley, president Mon
tana Mine Owners and Operators as
ISOLATION, Helena, and r. c. Gemmill
and l.. S. Gates, Utah Copper com
pany, Salt Lake City.
The western mining industry is
just beginning to emerge from a long
period of depression. 1t faces a num-
Der of problems which tend to retard
its development and to prevent a
more rapid return to prosperity. The
Denver conference will attempt to de-
velop effective solutions for some of
these problems.
National blue sky legislation is a
matter of great Importance to the
mining industry" says the call for
the meeting. every intelligent man
desires to prevent the sale of fraudu-
lent securities, but some types of
blue sky legislation might easily fail
to protect the public and at the same
time seriously retard the develop
ment of independent mining proper
ties. National blue sky legislation,
to be effective, must take into con-
sideration the problems and necessi-
ties of the practical mining men.
There has been considerable agita-
tion in the west over impending blue
sky legislation, and the Denver con-
ference will attempt to develop con-
.structive suggestions which will rep
resent the point of view of the min
ing industry as a whole. l,
For the last five years there has
been a steady decline in gold pro-
duction, both in the United States E,
and throughout the world. The CON- j.,
tinued issuance of deprecated paper ;
money abroad, the lack of stability =
in European exchanges, and the gen. y
eral breakdown of the international =
financial structure have all led to the !;
presentation of many suggestions in
regard to the sterilization of ex-
and of overcoming some of
the difficulties in connection with de- ;
preciated currency. The majority of 6
these suggestions are a to 7
the maintenance of the gold standard. /
There never was a time when it was ],
of greater Importance to emphasize :
the necessity of maintaining the gold :
standard as the basis of our CONNER
cial and financial structure. More
over, the great dearth of gold
throughout the world, in spite of
the immense gold reserve in the Uni !
ted States, is an indication of the
wisdom of stimulating gold produce
ton and of making it possible for
he gold producer to operate his pro-
in such a way as to enlarge
production. The conference in Den n
yer will therefore devote considerable
.ime to a consideration of the prob
ems of the gold producer and will at
,empt to work out a policy which
will be helpful in the maintenance of !
he gold standard and the safeguard
ng of public interests.
Silver Production
The position of the gold producer
S paralleled by the question of the
Of silver production in the
United States. Under the Pittman
act, it has been possible for silver to a
De produced and the continued pro-Ip
of silver has been one of the n
lew bright phases of the mining in p
during the last three years. t.
There is an automatic limit, how O
ever, upon the operation of the Pitt G
man act, and when the time has been
when it is nc longer opera q
i've, the question of the future of F
production in the United States p