davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
FLY-BY-NITE
PROMOTER is
SENT TO JAIL

The Securities and Exchange
Commission and the Department OF
Justice reported that Harry Ander-
son Davis had been sentenced to
three years and three days impris-
onment for the fraudulent opera
ton Of a "fly-by-night" brokerage
firm under the name of The Capitol
Company in Boise, Idaho.
Davis pleaded guilty to indict-
ments charging violation of the
fraud section of the Securities Act
of 1888, and the Mail Fraud and
Conspiracy Statutes. He was SEN
fenced by Federal Judge Charles
c. Cavanah at Boise, Idaho.
The indictments were dismissed
as to Joseph George Bass, another
defendant. A third defendant, Jul
ius Ernest Bass, previously was
sentenced to two years and two
days Imprisonment
1t was charged in the indictments
that the defendants solicited inves-
tors with valuable securities and
switched them into mining securi-
ties of doubtful value by high pres
sue methods and on the represen-
tation that they had confidential
Inside" information that the mar
ket price of the mining stocks
would advance Immediately These
high pressure methods were said in
the indictments to include the en-
ployment Of a corps Of irresponsible
and INSCRIPTIONS statesmen.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07

Department of the Interior. United
states Land office. Billings. Montana
Notice Is hereby given that the StNw3
NE3SW3. S3SW1. W3SE3 and SE4SE3
Sec. %, T. IL, N. 80 E., p. NJ, Montana
containing 800 acres. located in the
Mostly Dome of the Cat Greek oil field
is offered to the responsible qualified
bidder Of the highest bonus per acre
for lease under section II of the act
Of August 81. 1885 (49 Stat 674), at the
royalty rate scale in the lease form
shown in Circular 1886, at a sale to be
held in the United States Land Office.
billings Montana. at 1000 O'Clock A. NJ.
September Is, 1910. The successful bidder
must deposit on the date of the sale a
certified check on a solvent bank, or cash.
for One-fifth of the amount bid, and file
the showing of qualifications to receive
lease. as required by section z of cir
cular 1886. Prior to issuance OF the
lease the successful bidder must nav the
remainder of the bonus bid and the first
years rental of 500 per acre, and fur.
nfsh $1,000 lessee's bond with qualified
corporate surety All bidders are warned
against violations of the provisions OF
section 50 of the United States Criminal
Code. approved March II, 1902 prohibit
ing unlawful combination or Intimidation
of bidders. The right is reserved to re-
ject any and all bids at the dicretfop
of the Secretary Of the Interior Register.
Date of first publication. August II.
1910. Ex
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
BUREAU OF MINES
SEES Still. WATER
CHROMITE DEPOSIT

WASHINGTON - The geological
survey of the United States de-
partment of interior, as a part of
it's strategic minerals investigation,
has prepared a report on chromite
deposits of the eastern part of the
saltwater complex in Saltwater
county, Montana.
In 1889 j. w. Peoples and A. l..
Rowland of the geological survey
made a detailed study of part of
this area on Little Rocky creek
Trenching by the bureau of mines
made it possible to trace segments
of a tubular body of chrome ore
with an aggregate length of $3.50
feet in a distance of 5000 feet "a
long the strike. The average width
of the ore body is 51a feet but at
the east end a zone of disseminated
ore 4S0 feet long averages 20 II
feet wide.
All the ore will need concentra-
ton as the estimated average con-
tent of chromite is about so per-
cent. Although no high grade met
alurgical ore is expected, 1t is clear
from this study of a small part
of the Saltwater complex that a
large tonnage of submarginal ore
can be recovered in time of need.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
ASK PROTECTION
FOR MINERS IN
TAX LEGISLATION

NEUTRALITY-SUSPICIOUS. members
from western mining states decid-
ed to ask the senate for special
protection in excess profits tax
legislation for the precious met
ais mining industry.
The decision was reached at a
meeting of Rocky mountain rep
resentatives in the office of Rep
resentative Robinson, democrat.
Utah, chairman of the group. Each
was to urge senators from his
state to appear before the senate fl
nance committee, now holding hear
ings on the bill, passed last week by
the house.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
INTERNATIONAL
CONTINUED from Page 0ne)

fields where the raise was cents
The higher prices apply to 100000
bbl daily crude production. Illi-
nois refiners are now having to
ship in crude from the Midconti-
nent. Even when Illinois production
was 100000 Dbl. daily there was
firm demand for $4,000 Dbl. Of
additional oil. Movement of Illinois
crude to Canada has long since
stopped and Standard of New Jer-
sey has discontinued movement OF
Illinois crude to the Atlantic sea-
board. The 10-cent price increase
elevated the laid-down Atlantic ter
minal cost to $1.55.
Montana crude has a price ad-
vantage in Canada over all otner
oil producing states where crude
supplies are available, owing to
lower freight costs, but this advan-
tage has not developed anything
except 100000 barrels of spot oil
purchases by British American and
few other purchases, confined to
Cut Bank. This movement did not
begin until August.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07

This guide tells how to identify
1876 minerals. 1t briefly describes
the properties Of minerals; gives
ore testing methods, including spec
geographic analysis; describes stra-
tegic minerals and gives govern
ment specifications for stockpiles;
gives Photographic methods, ore
treatment processes, proper samp-
ling methods, sample shipping pro-
ceedure. rates for analysis and
other guidance for prospectors and
others. 1t is a booklet that fits
an inside coat pocket and every
prospector and every mine operator
wants a copy to carry with him.
one tabulation that is particu-
larly condensed gives the chemical
composition, the percent Of metal,
structure. color, luster, degree OF
intensity, degree of transparency,
streak, tenacity, average hardness,
average specific gravity and char
acterists such as odor, taste, magne-
tism, solubility, tarnish, feel and
soil-all in quick reference form.
Free examination and appraisal
of ore samples is another OF the
advantages that come from member
ship in the association and the pos
session of one Of the Prospector s
Guides.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
AS SEEN BY A SOURDOUGH

It took the United government the first 1873 years Of
its existence spend billion dollars the of which the
expenses betrayed, including the Civil War
and the World War yesterday Today takes the fed
eight years spend 500 692 And
include the billions planned for defense If only
few of the billions past eight years had for defense
preparations might feel better about 1.-THE Mining Journal
folks think they have to the government for
piece toilet paper Here i'll the west get order
manganese simply start mining
building and other plants costing into the millions,
thought federal aid When market needs line
build line without federal aid But
outfit that proposes borrow $250OO0 with which
build line into Minnesota and the Dakotas to compete
With Montana gas in its territory and develop de-
posts of manganese in South Dakota
$O000OO RC money has been appropriated to build
pilot mills Montana adequate manganese deposits
quate natural gas adequate brains and money provide
the nation with manganese
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
MINNESOTANS
WANT CHR0MITE

The Journal is in receipt
of an inquiry from a respOn-
sible Minnesota broker, as fol-
lows:
DO You know of any depOs-
its of mOlybdenum, quick-sil-
yer. chrOmite or zinc that can
be secured for development on
IA royalty basis?
II have some people with
money who are interested in
securing such deposits In Mon
tana, Wyoming or Colorado. If
you have anything in mind,
please forward us complete de-
tails and / can get quick &C
ton"
ANY who has deposits to
offer may write to the Mining
Editor of the Journal and the
communication will be forward
ed and the parties will be put
in direct contact.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
a g. NJ. EARNINGS UP

NEW YORK-Ihe Anaconda Cop
per Mining Co. reported for the six
months ended June 80 net income
of $17548,546, equal to $2.02 a
share on the capital stock. In ad-
dition there was a sum of s468,460
representing equity in the undis-
tributed earnings of subsidiaries not
consolidated.
For the first half last year net
income excluding equity for undis-
tributed earnings 70 subsidiaries not
consolidated. amounted to $7,170,-
1886, or SO cents a share.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
Henry RIDGE
TEST DRILLING
AT DEPTH 900

Drilling on Cherry Ridge struc-
ture, in Blaine county, near Chi
nook, is reported to have reached
a depth Of 900 feet, in the top of
what is believed to be the Colora-
do shales. The bit is said to have
had 40 feet of Judith River and
then $50 feet of Clagget shales,
picking up the Eagle sand at a.
round 700 feet where there was
reported a showing of oil and gas
and water, necessitating the running
of casing.
There is question whether this
was Eagle sandstone or possibly
much younger bed.
"A well drilled years ago by Fred
Ostland on Cherry Ridge structure
encountered a flow of gas believed
to have been around 100000 Gu
bic feet per day, at depth of 1900
feet where the hole was abandoned.
There was some disagreement re-
garding the formations encounter
ed, as the Clagget shales are FREE
quently mistaken for Colorado
shales. The present we'll, being
drilled by M. H. Bosworth of Chi
nook and associates, on the Ira
Harbolt farm, will serve to def
nitely establish the thickness of the
formations. If the Eagle sandstone
was at 700 feet in this well, the
basal Kootenai sands should be
found at around 1850 feet and the
Madison lime at around 34OO feet.
Location of this test well is in
NV NV u SWA 1-35-2OE The
structure was first mapped by
Cherry Thompson, an Independ-
ent geologist.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
Proposed Federal Aid For
Gas Line From Kansas To
Develop FerrO-ManganeSe

at the plant of 80 cents per ton.
After freight has been added this
ore can be delivered at the steel
mills at approximately the same
cost as that of imported ore with
duty paid
Would Reach So. Dakota
According to the original plans,
the Minnesota pipe line
was to serve the Mesabi and Guyana
iron ranges in Minnesota as well as
cities along the way. The two de-
posits of manganiferous ore which
are nearest the countrys steel
centers are the Guyana Range,
Minnesota, and the Chamberlain
field. South Dakota. The Kansas
Pipe Line & Gas Co. has revised its
plans so as to be prepared to in
clude an extension to Chamberlain
if exploitation of manganese ore
is planned on a substantial scale at
that point.
In less than a year after construc-
ton OF the pipeline project is
authorized, 1t will be possible to
supply sufficient natural gas for sug-
gested teaching, smeltering, or
roasting processes to produce about
third of the total estimated an
nual requirements for ferro-man-
ganse ore.
Natural gas is regarded as the
best fuel for satisfactory use. At
the industrial rate of Is cents,
natural gas is perhaps 80 per cent
less expensive than other fuels
available at the point of operations.
If natural gas is not available, sub
stantial investments must be made
in gas-generating plants to produce
gas from oil or coal. The total cost
of such manufactured gas is con-
siderably greater than natural gas
at the 15-cent rate.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
HUGE NICKEL DEPOSIT

PHOENIX, ARIA barren waste
land across the northern end of Ari-
IONA and extending over into Ne
vada came to life recently with dis
covery of a huge nickel deposit
that may be worth millions in a
metal-hungry world at war. The
rich nickel vein, struck by five
prospectors in the northwest corner
of the state. is IL miles long and
from 500 to 400 feet wide. W. j.
Graham, member of the Arizona
mineral resources board. said it was
the largest nickel deposit in the
United States"
The nickel strike was made about
two miles south of the old town
Of Littlefield. eight miles east OF
the Nevada line and eight miles
south of the Utah line.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
SPOTTING new WELL

Whitehall Oil & Gas syndicate
announced this week that a new
hole is to be drilled on the White
tail structure in the northeast cor
ner of the State, instead of at
tempting to deepen any of the
three other wells, all of which were
abandoned at around 1000 feet or
less. The rotary rig for the new
5,O0O-foot test is now arriving and
a geologist has been employed to
spot a new location.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
FTND HIGH GRADE

SHERIDAN, MONT.-A nice
piece Of rock weighing nearly Is
pounds troy and estimated to con-
tain Is to soy gold, is a recent
production Of the Blue Bird mine
in California gulch, a few miles
southeast of here. The rock was
viewed by many here prior TO being
shipped to the assay office at Sc
attic.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
HECLA DECLARES DIVIDEND

SPOKANE Directors of the Hec-
la Mining Co. of Wallace, Idaho,
declared a Is cent dividend on com
mon stock at a meeting here. The
dividend, amounting to $50, 900.
was the company's third and lar
gest dividend of the year The 9th
ers, declared in March and June.
were for 10 cents per share.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
OPERATOR IS SHOCKED

The Oil and Gas Journal re-
rates mat at Fall City, Neb., an
OH operator was treated for shock
which, according to the physician
was caused when the operator re-
ceiyed the unexpected good news
that his we'll had started making
300 Dbl. per day after acid treat
ment
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
NINE PROFITS sOAR

SAN FRANCISCO-Bunker Hill
& Sullivan Mining & Concentrat-
ing Co. reports $721,152 operating
profit for the first half of 1910
before income tax but after de-
probation and depletion. That COM
pared with S239,7S5 operating prof
it in the first half of 1899.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07

The State of Texas has since
the discovery Of oil in 1880 pro-
duced 6,05S,766,433 barrels Of
crude oil. At the start Of 1910 there
were 1857 operators. 36,942 flow
ing wells and 52,972 pumping wells.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
NINE FINANCTNG SLACK

Only one mining company and
no oil companies effected registra-
ton for the issuance of stock I'M
der the SEC at Washington, D. c.,
during July. This one issuer would
sell 100000 worth of stock. Total
registration was $20O,312,513, most
of which was for financing utilities.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07
PrOspectors Guides Given
Out With ST Membership

would like know identify minerals can
Mining Association
mining
Montana and ndument to individual member
membershp Csc
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07

SEND A CONTRIBUTION TO
THE SUNBURST BADGER
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-07

Mont. Power Pfd los. 100 1O7.0O
Wash Water Power 107.0O 100. so
METALS
The Wilmington morning star., 1940-06-08

"only one or two persons in WILL
mington' had declined to sign the
petitions now being circulated e
gading extending aid to the Allies.
]. A. Orrell, in charge of the cir
culation of the petitions, reported
that a total of 2,016 signers had
been obtained last night.
1t was also brought out that such
organizations are being formed
throughout the New England states
and a total of $4,000 names have
been signed to petitions there.
Macmillan extended thanks to
the radio and to the press for their
help in the formation Of the COM
mittee here. He invited those pres
emit to send wires to the President
or any government official they
wish to contact.
No definite plans were made last
night for any future meetings Of
the committee.
The Wilmington morning star., 1940-06-08
POLICEMEN PASS
REORGANIZATION
Eleven Of Twelve Are Award
'' Cd Licenses To Operate
Radiotelephones

~ % city police officers taking
.aaral Communications COM
:.;on examination on May 81,
nil' 1.-Two for a license to operate
SpP rsdiotelephone receiver and
a..mitter. all but one passed and
'SD' awarded licenses, it was an
nounced yesterday
D0n percentage of Is was neces-
order to successfully COM
,Iete the examination
p Those winning restricted radio
ln1s[ permits and verifcations
teps 5s we're: Oscar Vance Thomp-
essoI Charles Wesley Wilson, John
soh' os Rich, Elmer Bradford
i lnOlriTy Percy Lee Reid, Thomas
g gTL Hughes, T a Faircloth,
p@s Alexander Anderson, Julius
S'll owner. Hubert Hayes, and John
ha .rbo department plans for each
-dmber to eventually be licensed
liS's = radio operator. A license is
soc,Tired before an officer can OPP
l lrgte the two-way radio system on
tbs citv's police cars. l
The Wilmington morning star., 1940-06-08
THREE DWELLINGS
DAMAGED BY FIRE
Flames Originating From De
fective Flue Burn Roofs
On Two Houses

A fire that originated from a
defective stove flue burned the roof
from two houses and damaged
another nearby at 18th and Prin-
cess street yesterday afternoon,
firemen reported.
The fire started at the home OF
Roosevelt Rhodes, of 1916 Princess
street, and spread to the home OF
Ellen Smith and Ruth Jones, OF
1914 Princess street, destroying the
roofs or both houses.
The home of o. H. Henderson,
of 1920 Princess street, was scorch-
ed by the blaze. firemen said.
Firemen yesterday morning also
answered a call to the home of
j. ]. Knowles, of 419 South Sixth
street, to extinguish a small blaze
in the house. The damage was
slight.
The Wilmington morning star., 1940-06-08
PARIS PREPARES
FOR NAZI DRIVE
Continued From Page One)

USS OAAS(
a fatal landing field for any Ger
man plane that might try to come
down there.
In the trucks, as big as moving
vans, silent men sat at machine
guns, ready to move quickly to
reinforce any barrier at the city's
gates that might sway under an
enemy pressure that may never
come.
In the boulevards about the city
lode special squads of motorcy-
clists one hand on the steering bar
and the other holding a machine
gun.
But through it all, while the mil
liens yet remaining keep watch
hour on hour for the waving body
of a parachutist floating down from
aloft, quiet men still sat beneath
the striped awnings of the side
walk cafes.
1t is not an end to conviviality,
but rather an, interruption. For
though the crowds are m u h
smaller-the continuing police
rolmdups of suspected fifth COL
umnists have reduced the number
of casual loungers-they still sip
dreamily at the apertif hour.
To 60 out onto the country high
ways a man must have special
papers-and he must show them
promptly. and with no nonsense
to the soldier-guards who halt all
traffic every few miles. l
The Wilmington morning star., 1940-06-08
NEW TAX MEASURE
0KEHED BY GROUP
Continued From Page One)

.olloctor BY reducing exemptions
y. .'4 the lowest level since the income
law was enacted. The basic
Ida for married couples
'~n,ld be cut from $4,000 to $4,000
ood for single persons from $1,000
10 $500.
In addition, the measure would
;rnnose a supertax of ten per cent
~ thp normal tax for the next
five year; increase surtax rates on
+o income brackets between S.,
NM and 500, 900 and boost corpo-
W finn income taxes by one per
rent Of taxable income.
persons not affected by the in
,ome tax increases will be reache-
81 for part of the defense costs
tbrough increases of 10 per cent
~ more which the bill would i'm
nose on virtually all existing ex-
rise tax levies, such as the tax
m Gasoline. The latter is tentative
" scheduled to go up a half cent
from the present one cent levy.
Chairman Cooper O-Tenn), who
said the bill was unanimously ap-
proved by his subcommittee, told
ncwsmen that the lowering of in
come tax exemptions was intended
4, be permanent law, as was the
imposition of tie higher %surtaxes.
All the increases would apply to
1910 incomes on which taxes will
b. due next March Is.
The 10 per cent supertax would
apply, however, only to the five
years beginning with 1910.
As an illustration of the effect
Of the Increases, Cooper said that
under existing law, a married man
with no dependents an $4,000 net
earned income pays So. Under the
proposed rates he would pay 5000.
Under existing law, this taxpayer
would get a $4,000 exemption be-
cause Of his married status, plus
further deduction of 10 per cent
Of his earned income. This would
firing his taxable income down to
$500, The government would col
ect 4 per cent of this, or So. Under
the proposed law, he would get a
$1,000 exemption for being married
plus the 10 per cent deduction for
earned income. Therefore, his tax
able income would be $500. Four
per cent Of this would be $28. T
this would be added the supertax
q 10 per cent of $28, or $3.50.
mus the total tax bill would be
5000 2
The Wilmington morning star., 1940-06-08

nation for a generation at least
would be an armed camp. How
ever, without interior unison, nc
arms al help.
II am willing to go the limit for
England and France if it will re-
move the threat of totalitarian
despotism," Blanton said.
DR.. Arthur J. Barton, pastor OF
Temple Baptist church, made a
brief talk at the conclusion of the
meeting, saying if Woodrow Wilson
had taken republicans with him to
the meeting of Versailles, it's coven-
ant would have been accepted by
the United States, this country
would have entered the League of
Nations, and this present conflict
would nver have started.
woodrow Wilson, m of the
greatest statesmen in the. worlds
history" Barton said, was only
human and made his mistakes just
as do all other human beings.
eff he had taken Henry Cabot
Lodge ano Elihue Root with him
to the meeting at Versailles, or
had accepted the revisions in the
covenant made by congress, this
country would have entered the
League of Nations and this war
would have been averted."
THE war to end wars and
the war to make the world safe
for democracy" Barton said, were
phrases coined by an idealist. If
the remainder of the world had
shared in this idealism, this con-
flict would never have started.
DR.. Barton closed his talk with
the statement he had infinite faith
in The Creator to bring all this
trouble" to an end aimed toward
the well being of the entire world.
Macmillan told the audience sew
eral kilograms had been received
from Washington, all assuring the
local body of the fullest coopera-
ton.
The chair also. brought out that
The Wilmington morning star., 1940-06-08
Byrd Says Congress
Should Not Seek To
Adjourn On June ~

WASHINGTON, June 7.-LF-
Senator Byrd (D-Va.). asserted to-
day that congress should not ren-
der itself incapable of meeting its
responsibilities" by seeking to adj
journ on June %.
Administration leaders have said
that they hoped to complete ma"
tional defense and tax legislation
in time to adjourn on that date
two days before the scheduled start
of the republican national conven-
ton in Philadelphia.
Observing that the happenings Of
the next few weeks may have a
profound effect on our own civili-
zation," Byrd said he thought it
the plain duty of congress
to stay on the job.