The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-04-06
Thursday, April 6. 1922.
MINING IN IDAHO AS VIEWED BY
STATE INSPECTOR.

In his annual review of the mimi
industry of Idaho for the year 1872
Stewart Campbell state inspector
mines, calls attention to two feature
which are deserving of special com
ment The first has to do with Hight
mate promotions. which he finds hav
operated greatly to the disadvantag
OF legitimate mining enterprise. Will
the second calls attention to the graft
flying results that follow intelligent
capable and honest management. Th
first could probably be remedied by ;
rigid enforcement of the state laws
and to do this requires the active co.
operation of those who desire to main
tain mining on a legitimate plane as
the only means of developing a per-
manently profitable industry. Incl
dentally at might he stated that the
enactment of the much criticized Den
ison bill would he an important factor
in overcoming this evil. for the success
of the illegitimate promoter depends
largely upon the use of the mails in
distributing his misleading literature
Idaho is today one of the most inviting
fields for mining investment. and il is
doubtful if there is a state in the west
that has so great a variety of mineral
deposits awaiting exploitation. Nor has
there ever been a time when conditions
were more favorable for investment.
Tor 1t can hardly be disputed that we
are on the eve of great industrial re-
VNal which will insure a demand for
metals comparable to that which pre-
vailed during the war The question
is are we going to permit the irrespon-
sibie and Legitimate promoter to rob
the state of its share of the prosperity
that is soon to sweep over the country?
That is the question naturally sug-
gested my the following paragraph
from Mr. CampbelIs report:
THE mining industry in the
state is suffering greatly from the
effects Of illigitimate promotions
and mismanagement and of the
TWO illigitimate promotions with
their fraudulent literature are do
ing the faf
ture is designed to mislead and to
convey ideas which generate homes
that can never be fulfilled. ITn-
dertakings financed through these
means are generally of short life
and the temporary benefit derived
rs of no value. as the great harm
lies IN the fact that the investor I
does not condemn the promoter or :
the property but lays the blame
entirely upon the state and its nos
sibilities The reaction is sucb
that II is almost impossible TO fl I
nance a legitimate proposition nm ii
less the same means are resortoo
TO by the honest promoter o,. own
en- and rather than lower himself
IN such a way many properties r.
that are worthy of development are is
iying dormant awaiting time +,
when they can be promoted upon
their merits" IL
As against this handicap to which
lie mining industry of Idaho has been
objected. Mr. Campbell follows this
'ragraph with another which is com -,
ended to those who are disposed to
ndemn mining investments through
cir unfortunate experience with the -.
'-by-night birds of passage. Here -
what he says regarding mining en- -
rprises conducted by capable and Il
nscientiOus men:
THE proper management and ~
of the operation and af-
fairs Of mining company REQUIRE
more good judgment. coupled with H.,
business and technical ability. than
any other undertaking. The men
Who are holding the executive Of
ices of every dividend-pavinp
nine in the state did not acquire abb
heir positions overnight but for
trough long years of hard work ,,b
ND association with mining. conn
ed with technical training. natural
s ness ability and honesty. SUI
Where the management does not for
lie IN the hands of technically sun
falned man, his knowledge and ,,.o,
Judgment are such that ne realizes
he Importance of this training and 'loi
urrounds himself with y CONNIE Mid
ent staff If the investing public The
'ould realize that these require in
tents are necessary for success hay