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THE WALLACE MINER Metal Quotations WILLFIND MINING NEWS AND COMPANY NOTICES OF INTEREST TO THEM IN THE WALLACE MINER Lead, $8.05. Spelter, $9.12'/ 2 , Copper, $26. Silver, $1.01'/ 8 . NO. 37. VOL. XII. WALLACE, IDAHO, THURSDAY, OCTOBER 24, 1918. FIVE CENTS A COPY LEAD GO I ■ Take Over Holdings of Sherman Dev elopment Co. CONTROL GOES TO DAY Will Pay Balance of Bond and Finance Its Future Devlopment N ORDER to enable the Sherman Development company to comply with the terms of a contract en tered into with Eugene R. Day, by the provisions of which it is agreed to deliver to him 51 per cent of the capital stock of the company, the board of directors have adopted a resolution to be considered and con firmed by the stockholders authoriz ing the organization of a new corpor ation with a capital stock of 3,500,000 shares of the par value of 25 cents each, and that all property and as sets, real and personal, of the Sher man Development company be trans ferred to the new corporation, which will be called the Sherman Lead company, and which will also assume all liabilities of the old com pany. The details of the proposed transfer are embodied in a resolution adopted by the directors of the Sher man Development company, held on October 18, the following directors be ing present; James F. Callahan, Charles McKinnis, E. P. Ryan, Axel Swan, Eugene R. Day and H. R. Al len. The seventh director, L. W. Hut ton, was absent, but has since approv ed the action of the board. The min utes of the meeting, including the resolution adopted, have been mailed to the stockholders, together with notice of a meeting of stockholders to be held on November 22 for' the pur pose of ratifying the same. The res olution is here given in part: Day to Advance $153,000. "Whereas, the Sherman Develop ment company has now in its treas ury 318,000 shares of capital stock; and is indebted on the purchase price of its property in the sum of $100, 000; and for development work on its property, approximately in the sum of $15,217.67; and in order to make a producing mine of the property of the company and equipping the same, it is estimated by the board of directors, that it will be necessary to expend approximately $75,000; and "Whereas, in order to secure the money with which to make the pay ment of $15,000 due on July 1, 1918, on the purchase price of the company, the directors entered into an agree ment on the 28th day of June, 1918, with Eugene It. Day, under which agreement the board of directors agreed to deliver to Eugene R. Day 51 per cent of the capital stock of the corporation, for the sum of $153,000 to be paid by him at various times as set forth in said agreement, and stock to be delivered when such pay ments were made; and "Whereas, in pursuance of the terms of said agreement, Eugene Day has advanced $15,000 toward the I purchase price of said property; 1 which said sum was due on the 1st I 1 led day of July, 1918; and has since ad- 1.^ vanced for development work on said property the sum of $15,217.67; and "Whereas, in order to carry out the terms of said agreement on the part of the Sherman Development com pany, it will be necessary to deliver to tlie said Eugene R. Day stock in said <•( rporation from time to time until R. 51 per cent of the capital stock of the company should be delivered, which shares; and 1 , 020,000 aggregate the company has now in the treasury or.ly 318,000 shares; it will be neces sary either to increase the capita! stock of the present corporation or In some way reorganize by the organiza tion of a new corporation having a larger number of shares; and "Whereas, in the Judgment of the board of directors it is more feasible to organize a new corporation under the laws of the state of Idaho, which new corporation Is to acquire all pro perty, real and personal now belong ing to the Sherman Development company; and to receive and accept assignments of all options or bonds now running of the Sherman Devel opment company, and to assume all liabilities and obligations of every kind and character of said Sherman Development company; and "Whereas, the reason for organiz ;Vi * n R a corporation under the laws of a foreign state has chiefly been remov al by the enactment of the workmen's compensation law in the state of Ida ho, the directors of the Sherman De ft a (Continued on page 5) SUCCESS MINE HAS FINE BODY OF ORE ON 1600. The Success seems other example of a mine back. to be an coming The present management is not given to making much noise about the operation of the erty, but from an authentic prop received source indi information cates that gratifying being made in developing bodies. the raise, there is a solid body of zinc-lead ore 7 feet wide, the 1400 and 1500 levels the stopes show large bodies of equally good ore. progress is new ore On the 1600 level, west of and on This week the shipped six carloads of zinc company con - carloads of centrates and three lead, and this represents the of lead and present proportion zinc that is being produced. The increase in the amount of lead is one of the most satisfying feat ures of the situation. The mill is running only one shift and is do ing excellent work. In addition to these operations, the Success company has leased the upper workings to M. E. Gard ner, which evidently very profitable. This lekser shipped a carload of lead ore and will probably have an other ready for shipment by the end of the week. is proving week the THRONDSON PROPERTY. Adopts Improved Plan of Conveying Feed to the Mill. The Throndson Metals Saving com pany, which has a mill opposite the mouth of Pine creek for the retreat ment of tailings, is Installing a barge on the bow of which Is a device that operates somewhat similar to the buckets of a dredge, which conveys the tailings upon the barge from Which a suction pump forces them through a pipe to a Dorr thickener, whence they pass to the mill proper and the values recovered on concen trating tables and by flotation. The company originally installed an eleva tor similar to the one in use at the tailings plant between this city and Mullan, but this was found impracti cal owing to the flow of water from springs tailings which made the handling of too much wmter unavoidable, barge and paraphernalia connected with it are expected to be in opera tion Saturday, same that is in successful use at the Hays mill, on the opposite side of the canyon. The Throndson mill has a capacity of 200 tons per day and It Is expected that the full capacity will soon be utilized. underneath the imbedded The The system is the C. & R. Contract to Prospect Property With a Diamond Drill. olt was learned this week that the C. & R. Mining company, of which Russell Collins is manager, has award ed a contract to the Diamond Drill Contracting company, of Spokane, to drill 500 feet, and that further con tracts will be let In order to thor oughly prospect the ground, ground of the C. & R. company lies north of the Hercules, the Guelph and Honolulu groups lying between, long crosscut has been run on the property, from which drifts have been run, disclosing considerable ore, and it Is expected that the work now in hand will make disclosures that will be followed by the development of a large ore body. The A FOX ENTERS TANK SERVICE. Well Known Wallace Man Is Ordered to Training Camp. A. H. Fox, for many years connect led with large mining companies in tills city and in recent years engaged 1.^ the mining brokerage business, left th|g morn , ng for gpokane where he will receive the necessary papers to admit him into the tank corps of the He will return United States army, for a few days to close up personal business matters and then proceed dl Pa., to enter the rect to Gettysbur, training camp, examination several weeks received instructions by wire yester day afternoon to report for duty. Mr. Fox passed the ago and IDAHO & LOS ANGELES. Company Prepare* to Continue Oper ations All Winter. John W. Fllnk, manager of the Ida ho & Los Angeles Mining company, in the city last Saturday. He was has been giving his attention recently to preparing for winter, meat, groceries and powder were de livered at the property last week and of wood has been A supply of a large amount snaked down for winter consumption for mine timbers If they should and be needed. A crosscut is being driven should cut the vein within 150 this is the shift that will which 200 feet, and to drive or task set for the one work during the winter. Gossert Goes to California. Cyrus W. Gossert, manager of the Chicago-Boston left Tuesday morning for southern California, where he will join his wife and probably remain during the win ter. Mining company, Feeding " Dead Ones. 99 Walter Mason is a pipin,' as a rhymester he is rippin' ble minds can savvy his snortin' tootin' style; writing, it's like fishing when they're bitin, so I guess I'll feed it to the "dead ones" for a while— -even fee it's the simplest sort of There are "dead ones" loudly crowing, blowing—"dead ones" "dead ones" proudly who are shrieking their love for Uncle Sam; they refuse to see him through, then is nothing they will do to help him pound the kaiser into jam; each of these will bust Ills throat, each of these will glory, gloat, o'er the victories we winning are over there," but lie is "Piker No. 1" unless lie's gone and done a lot of licking on these War Stamps that are sold most everywhere. ve get and There'll be gladness you can bet when Wilhelm's the Yankee lads goat cume rampsin', come rampsin' home again, but the boys will want to know how these geezers spent their dough—if answers then are twisted, well, they're in for lots of pain; if the shekels they have hoarded while the soldier buys have their boarded will on slum and bull and beans in a cootie-crowded hear what Yankees think of each yellow-livered notify your neighbors that it won't be said in French. trench, they gink and you can If they're really on the square, if they want to do their share, our for Old Glory to survive, they will grab the coin they're hiding, they'll if they're anx go skooting and a sliding to the bank and buy some War Stamps—and then they'll be alive. IMPORTANT STRIKE IS MADE IN ST. LAWRENCE TUNNEL. According to reliable tion received from Saltese, the main ore shoot has been struck in the lower tunnel of the St. Lawr ence, showing several feet of high grade copper ore. This tunnel is 200 feet below the upper work ings, and the strike proves the continuation of the rich ore body from which have been made, been anticipated It is understood that a raise will soon be made connecting the two levels and the drift continued, which will make available a large amount of shipping ore. The new wagon road is practically com pleted which will be open for traffic all winter, and it is expect ed that the movement of ore will soon begin and that the St. Lawr ence will be one of the busiest spots in the East Coeur d'Alene district. The mine is under the management of Henry M. Lan caster, and the control is held by Pittsburg capitalists. The orig inal owners are Angus and D. S. Sutherland, of this city, and the strike here recorded seems to make it certain that the^payments on the bond under which the pro perty is held will be made as they come due. informu extensive shipments This strike has for some time. INTERMOUNTAIN. - James F. Callahan Is Made a Director of the Company. At the annual meeting of the stock holders of the Intermountain Mining company, held in Spokane last Mon day, James F. Callahan, of this city, was elected a director. Other direct ors and officers elected are Edward Evans, president; R. J. McIntosh, vice president; Fred Daeufer, secretary treasurer; and James Neilson, all of Spokane. H. E. Hormel was elected assistant secretary. The Tntermoun tain mine, and mill are situated near Iron Mountain, Mont., and are oper ating under the supervision of E. G. Gnaedinger, mining engineer of this city. No direct information regard ing the property has been received since Mr. Gnnedinor took charge sev eral months ago, but It Is understood that regular shipments are being made and that the mine is in position to maintain steady production. The Tn termountain is a copper property and was originally known as the Amador. BOND DRIVE. Shoshone County Exceeds Quota by Almost $100,000. Shoshone county responded to the fourth Liberty loan with the same spirit which carried her over the top in the preceding drives, apportionment to this county was generally regarded as excessive, no protest was made. The organization for covering the county by commit teemen was perfected and effective steps taken which aroused patriotic interest in the success of the drive. In all parts of the county the people re sponded most loyally. The report of the county chairman, James F. Mc Carthy, shows the total subscriptions to be $1,421,550. The allotment to this county was $1,350,000, making an oversubscription so far reported of $71,550. While the CATALDO BRIDGE. Highway Commission Calls for Bids for Modern Structure. The state highway commission has called for bids for the construction of a bridge across the Coeur d'Alene riv er at Cataldo, and within a short time the road at this point between Koot enai and Shoshone county, long a nightmare to the motorist, will be put in shape, says the Coeur d'Alene Press of October 22. Bids will be opened and read November 1. METAL MARKET. Engineering and Mining- Journal re view of metal market for week end ing October 19; Lead. The production in September was a trifle larger than in August, ever, the figures reflect j put of refined pig lead, basic production of the mines, which is probably decreasing rather than increasing. Nevertheless, the situa tion in lead is distinctly easier, owing to the excellent management of the lead committee in controlling non-es sential uses. How mly tile out and not the Our Washington writes that reports correspondent reaching Pope Yeatman, of the war industries board, are to the effect that an improvement lias taken place in the lead situation. Production was a week oversold on October 1, and there is a possibility that the companies will catch up within tlie next 30 days on orders that have been cleared. The effect of the work of the many agencies operating to conserve the supply is becoming more and more apparent, now enough users supplied. How long the present good freight movement will last is a question that is giving considerable concern. There lead to keep essential is Zinc. The decline continued, and some low prices were accepted, but the appear ance of some large orders on Monday had the effect of checking any tend l,o w the business ' ency toward demoralization. 1 prices were named for that was taken. Copper. The refinery production in Septem ber fell below the figures for August. The refiners are constantly falling be hind their expectations. This montli the production will be diminished, ow ing to labor troubles. The men work ing in the refineries near Perth Am boy, who were frightened away In the recent explosion, have not yet fully returned. Now influenza is making serious inroads. Tungsten Ore. Chinese supplies are being offered more and more freely in this market. Some of this ore is of high grade and relatively free from Impurities, but other supplies are impure and un available to the manufacturers of ferrotungsten by direct smelting. The works employing the chemical process are of limited capacity, and the ore supply seems to be in excess of what they will take. FOUR SERVICE STARS. Silver Mountain Secretary Has Proud Distinction. W. E. Horstkotte, of Potlatch, Ida ho, secretary of the Silver Mountain Mining company, was in tlie city the first of the week to inspect the pro perty of the company. While here he and other directors awarded a con tract to extend the main drift 50 feet, and he expressed the belief that the completion of this work would result in disclosing commercial ore. Silver Mountain is situated on the south side of the river, about half way between this city and Mullan. It was observed that Mr. Horstkotte wore a service pin containing four stars, and in response to an inquiry he said that he had four sons in the army, two of whom are captains serving in France and one a lieutenant at present in this country and acting as instructor in the signal corps. The fourth is a corporal eagerly waiting to be sent to the front and confident that he will return wearing the in signia of a commissioned officer, fifth son has been disqualified on ac count of physical disability, but hopes to overcome this before the kaiser capitulates. Mr. Horstkotte expressed special pride in the fact that all sons were volunteers. He was born in St. Louis and his parents were natives of Germany. The A INTERSTATE-CALLAHAN STRIKES ORE IN NIPSIC. The crosscut from the No. li level of the Interatate-Callahan mine cut the week, disclosing a nice shoot of galena carrying high values in silver. This Information was ob tained from 0. W. Newton, man ager of the Interstate-Callahan mine. While the extent of the ore shoot has not been determined at this time, the strike Is regarded as one of great importance. Ref erence to this crosscut In the re port for the first quarter of this year stated that it would cut the vein 1000 feet below the upper Nlpslo this vein Nipslc workings in which was five feet of high grade load silver ore. It is assumed that the vein just encountered is the same and that its exploration by drift ing. which will there at once, of great The Interstate will expose an ore body valla and extent. Callahan the Nipslc group the Silver State, through which the Nipslc crosscut passes. owns and nisi The vein was cut about mid ay of the Nipslc zinc in evidence at the point of intersection. Operations at the Interstate Callahan mine are still confined to development work, which is stead ily enlarging the already large ore reserves. Shipments continue at about 3000 tons per month duced from the tailings dump. claim. There is 111 pro . ! B IP . v r~-* J ROBERT O. JONES Of Kellogg, Republican Candidate for Secretary of State. Last week the Miner presented a cut above Mr. Jones' name which bore no resemblance to him, a fact that was fully recognized and discussed before Its appearance In the paper. But as it came direct from Mr. Jones and had his name inscribed on the base, It was of course assumed that Mr. Jones knew his own picture and that it was not the province of this paper to dispute it. But hardly had the Miner reached its readers when reminders came by telephone that the alleged Robert O. Jones in the picture was in fact Hoy L. Black, republican candidate fur attorney general. And so it was. Another cut of Mr. Jones has since been received which appears above, and in order to square ac counts the cut of Mr. Black is also produced below. I !"* ' !/■ * / ROY L. BLACK Of Coeur d'Alene, Republican Candi date for Attorney General. Mr. Black has been a resident of Coeur d'Alene for many years and has gained a wide throughout the state through his ex tensive practice and his active par ticipation in the affairs of the repub lican party. He is well grounded in the law and is regarded as one of the most successful attorneys in nortli Idaho. The election of Mr. Black as attorney general, Mr. Jones as secre tary of state and Miss Redfleld as state superintendent of public - in struction means that the northern part of the state will have control of the land and other important boards in which is vested the real governing power of the state. acquaintance I Congressional State and County Tick ets Srrong KNOCK OUT N. P. LEAGUE Republicans and Democrats United Against Common Enemy of the State 10 1* U U L 1 U A N headquarters have been opened In the Gyde Taylor building, two rooms be ing occupied on the second fronting on Cedar street. The rooms are provided with desks, type writers, telephone, and James H. Tay republlcan county chairman, will welcome visiting republicans who desire to make suggestions or confer legnrd^ig the conduct of the cam paign. The brief period that remains before the election will be utilized to the best advantage by the republi can committee and candidates, and If there is not a complete republican victory in Shoshone county, it will not be because the republicans are not putting up a clean and aggressive light for their ticket. There will be no brass bands, noisy rallies and elo quent spell-binders. These would have been eliminated by the republi cans this year even if there had been no order forbidding them by the health department, for such demon strations would require money that would serve a better purpose in sup porting the war. The republicans, therefore, will depend for success up on a personal appeal to the voters and tile excellence of their ticket. Congressional Ticket. It has been only a short time ago, when the Underwood free trade bill was being framed, that representa tives of the lead and zinc mining com panies of the Coeur d'Alene district were hurrying to Washington and ap pealing to a democratic congress to save tile industry upon which we de pend by imposing a protective tariff upon those metals sufficient to pre vent the ruinous competition with tjie poorly paid labor of Mexico. Natur ally their appeal was ignored by the party of free trade, and the only thing that saved the lead and zinc In dustry from disaster was the Euro pean war. But the evil days will come after the war and the only sal vation for the lead and zinc miner will be a republican congress. A vote for republican candidates for senator and representative is therefore a di rect vote for the preservation of the industry upon which depends the prosperity of the Coeur d'Alene dis trict. R floor, lor, the a State Ticket. The republican state ticket, from the governor down the line, is the bul wark that stands between Idaho and the socialist gang of disloyalists which threatens to overrun the state. 'I he situation is one tiiat appeals to every thoughtful voter and calls upon him to disregard party lines and vote for the honor of the state. The demo cratic name under which is masked tlie nonpartisan leugue should not de ceive any democrat who desires to have liis vote counted in support of the welfare of tlie state. The can didates on the democratic ticket, with one exception, are not democrats, make no pretention to being demo crats and were not nominated by the democrats. No democrat is obligated through party loyalty to support them. Gn the contrary every impulse of good citizenship should draw re publicans and democrats together to save the commonwealth from the dis aster that would follow the success of the nonpartisan league. County Ticket. The candidates for county offices on the republican ticket will individually and collectively stand the acid test. They represent a high standard of citizenship, which Is a guarantee of faithful performance of official dut ies. They seek office with the full realization that it will be their duty If elected to enforce the laws of the state as they are written, not as they would have them written. There will bo no discrimination in favor of cer tain sections of the county in the matter of road improvements, or in the disposition of other matters in which the taxpayers in all parts of the county are equally concerned. And there will be no large expendi ture of public funds without first ob taining a definite expression from the taxpayers In favor of the same. Each individual republican candidate Is pledged to an economical administra tion of the office he seeks and in strict conformity with the law, and upon this showing the republican party ap peals with confidence to the people of Shoshone county.