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The Wallace miner. [volume] (Wallace, Idaho) 1907-current, February 13, 1919, Image 1

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Metal Quotations
THE WALLACE MINER
Stockholders
Lead, $5.
Spelter, $6.50.
Copper, »[email protected]
Silver, $1.01'/,.
WILL FIND MINING NEWS
AND COMPANY NOTICES
OF INTEREST TO THEM
IN THE WALLACE MINER
WALLACE, IDAHO, TH URSDAY. FEBRUARY 13, 1919.
FIVE CENTS A COPY
NO. 1.
VOL. XIII.
HAVE THE Mrs SOLD
OUT 10 THE TRUST?
Persisting Reports
That Deal Has
Been Closed
HARRY HEADS FEDERAL
Many Rumors Break Monot
ony of These Piping Times
of Peace
HE presence of William Loeb,
vice president of the American
Smelting and Refining
pany, in Spokane last week
renewed impetus to the rumors that
originated with the closing down of
the I>ay mines a few weeks ago and
which have since persisted in various
forms. The fact that Mr. Loeb de
clined to make any statement regard
ing the lead situation and the smelt
ing business left the field open for
speculation regarding the purpose of
his visit, with the result that
succeeding day has brought
ports regarding the taking over of
the Day mines and smelter by the
Guggenhelims, each varying from pre
vious reports and all springing from
ati unknown source. Efforts to
these rumors down to a definite and
responsible source have failed in
every case, and it is impossible today
■to confirm or deny any of them.
T
com
gave
each
new re
run
When the Day mines closed down it
was asserted by the knowing
that the expected bad happened; that
the Guggenheims had outgeneraled
the Days in the lead market with the
■inevitable result that these pretentious
independent operators had fallen vic
tims of the ''trust" they were fighting.
Then the report became more specific.
The Guggenheims were to take over
the entire holdings of the Days, in
cluding mines, mills, smelter, bank,
newspaper and even the Osburn truck
gardens, for $23,000,000. A day or two
later the figure was raised, the Days
demanding $30,000,000,
"Jews"
000 , 000 .
Mr. Loeb appeared on the scene, or
rather at Spokane. Report had it that
he was met by Harry and Jerry Day,
when the dickering was continued be
hind closed doors. Rumor followed
rumor until finally the mysterious Mr.
Loeb was transplanted in itihis city,
the house guest of Harry Day. How
he got here and how he got away
arc details still unexplained, but there
arc those who still insist that he was
here, closely closeted with the Days.
The sequel to this "secret diplomacy"
is contained in a brand new- report
that gained currency yesterday, the
truth of which will be tested by the
developments of today.
ones
the
while
were standing out for $29,
Thus the matter stood until
According to 'this latest dope, some
time today, the hour is not given, an
nouncement will be made that Harry
I,. Day is restored as general manager
of the Federal Mining & Smelting
company, the Guggenheims take over
the Day smelter at Nortboprt and the
Pittsburg refinery, and the ores from
the Day mines will be treated by the
"trust" upon terms that will amply
reward the Days for getting out of
the smelting business. It will be re
called that the Hercules had a con
tract of this character during the time
that Harry Day was president and
manager of the Federal;
"trust" declined to renew the con
tract, and that coincident with its ex
piration Mr. Day retired from the
imanagemlent of the Federal. Accord
ing to this latest report, history Is
about to repeat itself.
that the
Reventing to the visit of Mr. Loeb
there is a persistent report which
appears to have some foundation in
fact, although the Miner has been un
able to confirm It, that he was met
in Spokane by F. W. Bradley, presi
dent of the Bunker Hill & Sullivan
company, and Stanly A. Easton, gen
eral manager; Harry L. Day
Jerome Day, president of the Tamar
ack & Custer company and the North
port smelting company; and Frederick
Burbldge, general manager of the Fed
eral; also by F. H. Brownell, of Seat
tle, president of the Federal company.
All of these gentlemen being edn
neeted with companies engaged in the
marketing of
and
mining, smelting and
lead, it is presumed that they met in
conference for the purpose of discuss
ing the lead situation and if possible
agreement
to
arriving at
an
at
all and
of
the advantage
■time promote the lnter
the same
ests of the lead 'mining 'industry in
What they did, deponent
general.
salth not. In fact, the Miner does not
that they met at all, but
even say
among the many rumors, reports and
counter reports, this one appears to
be the most probable and plausible
Assessment Law
Action in House;
Many letters have been written
Iby claim owners of the Coeur
tl'Alene district to congressmen
urging the passage of the senate
resolution suspending annual as
sessment work, but it is evident
that greater pressure must he
brought In order to secure action
in the house. The present con
gress will expire in a little more
than two weeks, and unless an
extra session of congress is call
wliatever Is accomplished
must be during that brief period.
The situation is explained by
Congressman Burton L. French in
a letter to Eugene Thomas, of
Mullaii, who had written to him
urging support of the senate res
olution. Mr. French said: "I have,
been giving much attention to this
matter. I ant afraid, however,
that we are -up against it.
feeling seems to be that witli tile
prospect of an extra session,
nothing can be done at the pres
ent time on this subject. I real
ize how difficult it is for our peo
ple to continue in uncertainty on
a matter such as this, and yet I
am afraid it can not he avoided."
ed,
The
DRIFT ADVANCES FAST
INDICATIONS POINT TO DISCLOS
URE OF BODY OF HIGH
GRADE ORE.
Like on the west, 'having a common |
end line, and it is stated that the Yon l.,
Like vein has been definitely located
The Old Hickory lias been the cen
ter of much interest since the vein
was cut last week, and predictions are
made that the drift east will develop
an ore shoot that will bring additional
fame to a vein that is already famous i
as a producer of high grade silver- j
lead ore. Old Hickory joins the You |
the entire length of the Old Hickory j
claimi The vein where intersected
about 800 feet from the east end line :
and at a depth of about 500 feet. The
hill is quite steep and as the drift
proceeds east several hundred feet
additional depth will be gained.
Vein 10 Feet Wide.
Dr. H. C. Lamibach and Ed Bhren
berg, of Spokane, C. E. Lutens, of
Herman, W. Va., accompanied by Os
car Nordquist, manager, all stock
holders in the company, visited the
property last Friday. They describe
the vein where cut as 10 feet wide.
Along the hanging wall there was 10
inches of lead-silver ore of fair grade
and on the foot a heavy streak of talc
carrying lead. The. vein material be
tween was liberally sprinkled with
galena. Mr. Nordquist expressed the
greatest satisfaction with the show
ing and confidently predicts a rich ore
shoot when the drift Is extended east.
Drifting started Saturday. On Tues
day it was learned from a party who
visited the property that the drift had
been advanced about 30 feet and the
streak of ore had widened to 10 inches
of ore that would probably run 20 per
cent lead and an ounce of silver to
each unit.
FIREMEN'S MASK BALL.
Popular Annual Event Is Scheduled
for Next Wednesday.
Owing to the flu epidemic it was
impossible to hold the annual mas
querade ball for the benefit of the
Wallace fire department on the eve
ning of December 31, as has been the
custom for many years. Now that
the danger of contagion lias passed
and social gatherings are permissible,
arrangements have been made to hold
the fireman's benefit ball on Wednes
day evening, February 19, at Howarth
hall. After months of forced inactiv
ity, the raising of the quarantine was
quickly followed by social functions
of various kinds, but none of these
appeal to the amusement loving pub
He to an extent comparable with tlie
ever popular firemen's mask ball. Be
sides the social feature, the firemen
deserve the patronage of the public,
for the receipts from the sale
tickets form a special relief fund for
the firemen, providing a service
which every citizen should he glad to
contribute.
of
tO
NEW MAP OF IDAHO.
Idaho Congressman Endeavoring to
Supply a Long Felt Want.
Congressman French has taken up
with the land office at Washington
the matter of a new edition
Idaho map.
The last map was issued in 1913.
Since that time twelve new counties
have been added, including Clark and
Jerome counties created by the Idaho
legislature now in session.
Mr. French will urge that the map
be issued so as to include any new
unties that may be created in the
state.
of an
CO
I
Great Gathering of Republicans of Sho
•ho,. County in Honor of
Abraham Lincoln
HE HISTORY of the republican
party In Shoshone county
not record a gathering in which
harmony, goodfellowsliip
unity of purpose were more striking
ly in evidence than that which as
sembled at the banquet board last
Wednesday evening to honor the
memory of the greatest of all repub
licans, Abraham Lincoln. Tickets for
the affair were called off several days
before the date, the extreme seating
capacity of the spacious banquet room
having been sold. From all parts of;
the county republicans came, enthus
ed with the victory of last fall and
eager to contribute to the success of
T
and
an affair designed to renew allegiance
to the party of Lincoln, McKinley and
Roosevelt in preparation for the
greater victory to he won next year.
A gathering more thoroughly repre
sentative of the people of Shoshone
county never assembled, and the ap
pearance of the hall was in keeping
with the spirit of the occasion,
national colors hung in graceful folds
from the walls and back of the speak
ers' stand was a large and excellent
picture of Lincoln, whih
of the hall were pictures of Washing
ton, McKinley and Roosevelt.
Tlie
at tlie end i
|
|
j
Messages From Party Leaders.
of tlie elaborate
was in
Having disposed
tiie
spread, 'the assemblage
best possible mood for tlie formal pro
gram, which was enlivened by felici
tous introductory remarks by the
toastmaster, Walter H. Hanson. Mes
sages from national, state and county
leaders were read and were received
with enthusiastic applause. From
the national republican headquarters
in New York came the following mes
sage from Will H. Hays, chairman of
the national committee:
From National Chairman.
"I regret keenly that I can not be
The anniversary of the
will renew in the
minds of all peoples the sense of duty
whlch thev )lave as citizens of mak
ng the countr y's affairs and the na
u u
blrtl] ' 1>f Lincoln
tlon's welfare their own business. The
exaimples of Lincoln and Roosevelt
ibrinef home no stronger lesson than
L^u te on thls February 12th to the
and as we 'republicans pay our
memory of this great man, let us re
new our allegiance to the supreme
purpose of his life which was justice
to all men. And with a reconsocra
tion of our lives to tlie welfare of our
country and the Americanism of
Roosevelt let us promise again that
unselfish devotion to our great party
which will bring to lit that complete
success which it deserves as the in
strument in this country to apply to
new- and changing conditions,
wisdom of experience and the efficacy
of an honest zealous service."
From Governor Davis.
the
"I deeply appreciate your kind in
vitation to Lincoln Day banquet. Sin
cerely regret that I aim unable to meet
with you on this anniversary. I ask
■the cooperation and assistance
every republican in making this ad
ministration a faithful exemplifica
tion of those principles so ably enun
ciated and practiced by Abraham Lin
coln, to the end that Idaho may have
a real government, of, by and for the
people, in conformity with 'the ideals
of the only real constructive political
party, which has always placed Am
erica and American principles above
party and politics.
Lincoln s our guide, I ask that we re
dedicate ourselves to preserve the re
public in all its branches, as and for
free and independent people."
of
With Abraham
From Congressman French.
"Many thanks for your cordial in
vitation to Lincoln Day banquet,
regret exceedingly official work will
prevent acceptance,
problems our. country has ever faced
now before us. The Inspiration
of Lincoln should be our inspiration
and his ideals our ideals.
opposed to spoilism and to an
The responsibility upon our
Tlie greatest
are
Lincoln
was
archy.
people is to avoid the curse of both
and to defend at all times orderly re
sponsible government, of, by and for
the people. My greetings and best
wishes are with you."
From Congressman Smith.
"How appropriate that republicans
in every city throughout the Union
should assemble on the birthday of
the great Lincoln to reconsecrate
themselves to the high principles he
advocated, to honor his memory and j
rejoice in the preservation of the in
stitutions of the government he so
His high
defended.
successfully
ideals sustained our boys in
trenches and on the bloody fields of
France and will always be a source
of inspiration to patriots to suffer and
die if need be for home an dcountry
long as our government stands,
regret that I can not be with you."
From Ex-Governor Gooding.
the
I
as
"Thanks for your invitation to at
tend your Lincoln Day banquet.
gratified to know that republicans
of Shoshone county are to pay fitting
tribute to the Immortal Lincoln and
renew their allegiance to the party
I
am
i which has done more
does!than any
(ever formed. The whole world is now
i and cruel as tlie Hun.
Press my thanks and appreciation to
the. republicans of Shoshone county
for the magnificent support given my
candidacy in the late campaign. Some
one had to make the tight for Idaho,
for humanity
other political organization
facing serious conditions: not only,
must we protect our Industries, insti
tutions and labor from cheap foreign
competition and cheap labor, hut the
republican party must stand guard
over the constitution and rights of
the people. The 1. \V. W. if success
ful in its aims, would be as arbitrary
Please ex
|and 1 assure you that 1 would rather
have made
this light against the ex
treme radicalism and lost, than not
to have made the tight and been
elected."
From John P. Gray.
"I am sorry that I can not be with
you tonight. Never lias the need for
republican leadership been greater
than today. It is the party which
may be counted on to stand uncom
promisingly for the perpetuation of
our constitutional guarantees. Lin
coin saved tile country from dlssolu
tion; Roosevelt awakened its eon
science and arrested tlie growth of
power in tlie hands of tlie few. Tlie
[duty now before us is to combat and
defeat tlie elements of disorder that
Tlie
would destroy our government,
republican party can be counted on to
■meet the emergency.
Please convey
tny felicitations to your associates."
Other Messages.
John Thomas, chairman of the state
republican committee, sent a cordial
message, as did also James 11. Taylor,
chairman of the republican
committee, who is now in Los
geles.
Robert O. Jones,
sent greetings in the name
county
An
secretary of state,
of state
officials, while a message from R. E.
Thomas spoke for tlie republican del
from this
egatsion in the legislature
county.
The Formal Program.
Lincoln's Getysburg speech, that
of oratory and literature,
masterpiece
was read by Charles A. Keating.
"Fruits of Organization"
was dis
cussed by R. L. Brainard, of Wtird
ner, in a manner that
that without organization there would
be no fruits.
Dr. J. R. Bean, of Mullan, defined
clearly proved
"Prescribing
the difference between
in Politics" and in professional prac
to lire
ibut in tlie for
He had found it easy
tice.
scribe in both cases,
mer case the difficulty lies in getting
the prescription filled.
The value of "Party Unity" was
emphasized in a well prepared speech
by Hugh Toole.
"Civic Righteousness"
In the life and
as developed
of Abralram
presented by
work
forcibly
Lincoln was
Rev. D. M. Helmlek.
Mr. Stone's Address.
A, L. Stone, of Missoula, delivered
tlie chief address of the evening. His
subject was "Abraham Lincoln," and
he discussed it in a manner that in
dicated a close study of the life of tlie
great American from his boyhood
til 1 he fell by the hand of the assass
in. The speaker expressed the con
viction that tlie country now con
fronts problems of readjustment that
will prove a greater test to the sta-i
biltty of our government than the
war, and he appealed to republicans
to apply the principles for which Lin
coln lived and died to their solution,
Mr. Stone's address was followed
with the closest attention and he re
ceived the warmest congratulations
upon its conclusion.
Menu and Music.
•served by the
if which was
the service was
The banquet was
Grotto in the Shosljone building. The
menu was one of exceptional excell
ence, the tables were attractively dec
orated, the chief feature
red carnations, and
all that could be desired
Patriotic music was provided
throughout the evening by a Colum
bia grafanola, contributed for the oc
casion by the Turner Music com
pany, for which due appreciation is
expressed by the management of the
affair.
Oabe, R. N. McLeod, J. W. Wimer, O.
E. Shawhan, F. P. Candee, Rossiull
These Were There.
Wm. Squance, Harry C. McAllister,
Walter J. Sullivan, Donald A. Calla
han, O. Scott Anderson, Thos. Me
L.
Speelman, Charles H. Wood, P.
Gordon, A. W. Hoover. John F. Fer
guson, C. H. Strope, Theo. Brown, S.
G. Gonett, L. Leighty, C. C. Spencer,
Wi R. Mullen, Jesse Freeman, George
N. Gibson, D. C. Russell, R. T. Stra-'
chan, C. IT. Craig, F. H. Skeeis, Geo.
H. Prue, George Baxter B. G. Wor
G. Garrett, L. Leighty, C. C. Spences
R. R. Palmer, J. H. Collins, H. E.
Kititrell, Carroll Reamer, A. H. Fox,
Wm, J Hall. David Johnson, John
Michaels, Steve Barhora, Alfred J.
Dunn, S. L. Slionts, L. E. Hanley, J.
James Murphy, J. L. McCormick, H.
(Continued on Page I)
Interstate-Callahan
R«:orc, Month
According
announcement
from the New York office, during
| the month of January the Con
to
■ solidated Interstate-Callahan Mi
ning company shipped 3,418,000
1 pounds of zinc, 1,215,000 pounds
of lead and 20,300 ounces of sil
ver. January showed tHe great
est production of lead-silver for
any one month in the history of
tlie Interstate-Callahan. The av
I
j
j
!
for the first ten
in February was 200 tons
which Is equal to a pro
>f (1000 tons per month.
On this basis the Interstate-Cal
lahan has resumed its old-time
tonnage, 0000 tons per month.
With the return of normal condi
tions in the metal market, and in
the labor situation, this company
could very quickly resume Its
I regular dividend payments.
eruge output
j days
per day,
j duetion
|
!
LA
fllll ULflPLC IK IMILTAI P !
Ull I niuLU Ur HfluflLu
WILL REMAIN CLOSED DOWN
j
j
;
UNTIL MINING CONDITIONS
ARE MORE FAVORABLE
The Success mine closed down last
Sunday and during the subsequent
days everything movable liable to
damage by water has been brought
to the sin-face, and as a final act the
pumps were hoisted yesterday und
the mine allowed to flood. This plan
rather than incur the
heavy expense of keeping the mine
j
|"' e adopted
I uniwa/tered during the shut down.
| This will not involve any serious dum
j ai 8' e
l** hoped and believed that it will
the underground workings, and
not be many months
until mining
conditions will be Improved to an ex
i tent that will permit a resumption of
| operations. Tuesday James F. Calla
han, Herman J. Rossi and W. R. Mul
s lan, directors of the Success company,
accompanied by Manager A, G. Ken
j nedy, made a final inspection of the
They found the
of the mine better than it
physical
]Property.
condition
had been for several years, and they
I are more firmly than ever convinced
that better days are in store for Suc
cess. To those who are familiar with
the movement of the metal market
j during the past few months and the
continued high cost of mining, no ex
i planation is needed as to why the
When
miue was forced to suspend.
the mine started up last August lead
,
cents. Today lead is 5 cents and zinc
fi'4. Thus while the price of the prod
1 was 8 cents per pound and zinc 8 %
m 't of the mine has mftde tills radical
decrease, there has been no corre
spending reduction in the cost of
mining.
Ore on Three Levels.
| Before the slump in metal prices
the company was rapidly approaching
a profit earning basis. Not only was
there a steady increase in ithe
amount of ore and improvement in the
un-[grade, but under the direction of Un
pcrlntendent Thompson plans were
j being worked out that would have
< resulted in great eeonmy in opera
j tion. But these changes were not
sufficient to overcome the heavy
[costs at the present metal prices and
the directors took the only course
.open to them having in view the In
terests of the stockholders.
A new ore body has been developed
on the 1400-level which in a short
distance has widened from little more
than a stringer to 7 feet of solid ore.
The shoot on this level Is 100 feet
long. The same shoot has been open
ed on the 1500 and 1600 levels, where
it is 140 and 110 feet in length re
spectively. There is marked increase
in the amount of lead as compared
with zinc. No forecast can be given
as to the duration of the shutdown.
All depends upon the readjustment
[of mining conditions. If the prices
of the metals remain at the present
[ standard or lower, there must be a
! corresponding reduction of mining
costs before resumption can be con
| Three weeks ago the
sldered.
j
Compressor Restored and Work Going
on As Usual.
BIG CREEK.
compressor
Big Creek Mining
building of the
company, which inclosed the com
pressor plant, blacksmith shop and
dry room, was destroyed by fire, to
gether with all contents. Last Tues
day G. Scott Anderson, manager of
the company, announced that the
property had been restored and that
operations were going on as usual.
The compressor proper was repaired
and also the receiver, but with these
exceptions new equipment had to be
provided "and building constructed.
The short timie consumed in aecom
pushing these things Is a remarkable
record and Is characteristic of Big
Creek management.
PniUlQIhir CIIUCUIUC
«« WhHMt
SUNSET-BANNER
Dewey Group Also
Included in the
Deal
ALL VALUABLE GROUND
Compact Group of Twenty
Claims Upon Which Much
Ore is in Evidence
^ T IMPORTANT consolidation of
mining property on Beaver
creek was accomplished last
week w,llch p ||lces under one
u group of twenty claims
l.'lng on both sides of the creek and
covering at least three strong veins
and others of prospective value.
Through this consolidation tlie Sun
shine Mining company take* over the
holdings of <the Sunset-Banner Min
ing company, consisting of six claims,
and tlie Dewey group, consisting of
five claims which with the Sunshine
holdings makes a compact group of
twenty claims. Negotiations have
been in progress for some time to ef
fect this consolidation and at a meet
ing of the directors of the Sunshine
Mining company last week the trans
action was closed. Under the terms
of tlie agreement the entire capital
ization of the Sunset Banner company
will lie exchanged for stock In the
Sunshine on a basis of four shares of
Sunset Banner for one of 8unshlne,
■making the aggregate number of
si ares received by the former 375,000,
the capitalization being 1,500,000
shares. The Dewey group is held by
Individual owners who receive stock
in the Sunshine for their interests, the
terms of which have not been made
public. Over haJlf of the Dewey group
was owned by officers of the Sun
shine.
Sunset-Banner.
Tlie Sunset Banner group of claims
lies on the north side of Beaver creek,
Joining the Sunshine, which extends
up the slope of Sunset Peak on the
south side, tlie two groups having com
mon end lines practically in the bot
tom of the canyon. Five tunnels have
been driven on the property, four of
them showing ore. The fifth tunnel
lms been run from near the creek level
and is now in about 1100 feet. Its ex
tension to the vein promises to disclose
an ore body and will have a depth
of about 1500 feet. The last w-ork done
in this tunnel was a year or two ago,
when tlie property was under bond to
Jesse Coulter. The vein shows up
strong on the surface. The officers
of tlie 'Sunset-Banner icompany are
A. L. Iloneker, president; D. L. Mc
Grath, vice president, and Herman J.
Rossi, secretary-treasurer, all of Wal
lace.
The Dewey group lies alongside the
Sunset-Runner on tlie west and covers
a strong vein, upon which consider
able ore has been developed. The
owners of the Dewey are Peter Lor
enzo, C. B. Ferguson, Henry MoGulire,
I). L. McGrath, Dr. 'E. C. Eltls and
David C. Smith, the last two of Mis
soula.
The 8unertine.
The acquisition of the Dewey and
Sunset-Banner by the Sunshine com
pany greatly enlarges the possibilities
for mineral development. The Sun
shine company greatly enlarges the
IKissiblWUes for mineral development,
siiine holdings include the Tough
nut, upon which a fine body of
lead-zinc ore has been developed. A
lower tunnel near the Idora mill has
been started to tap this ore at depth,
work being suspended on account of
unfavorable war conditions. The com
pany has a compressor and all neces
sary equipment for development, and
tills is easily accessible to the newly
acquired ground. In fact, power was
supplied by the Sunshine company
for the last work on the Sunset-Ban
ner. The Sunshine company has a
capital stock of 2,700,000 shares and
after taking over the two properties
mentioned in exchange for stock, the
company will still have upwards of
1,000,000 shares in the treasury avail
able for development purposes. No
work is contemplated until mining
conditions are more favorable.
The officers and directors of the •
Sunshine company are D. L. McGrath,
president and manager; David C.
Smith, vice president; H. J. Hull, sec
retary-treasurer; E. R. Day, Jack
Lucas, R. L. McGrath and Dr. E. G.
Ellis.
Paulsen Here.
August Paulsen, president of. tlie
National Copper Mining company. Is
In the city.
inspection of the mine.
Yesterday he mads an

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