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THIS SUMMER Mil SEE
OPTIMISTIC CONCLUSION OF FI NANCIAL WRITER AFTER INVESTIGATION. An optimistic financial letter writ ten by James D. Crowley, a wel);ji known Boston broker and financier, piedicts a "peace boom" which Is due to be in full swing by the midsummer j of the present year. Under the cap tion of "How and When Will This Peace Boom SfUrt," Mr. Crowley out- . nnes a program that sounds good, and !:i» reinforcement of the argument has h a ring of sincerity to It that is stlmu-jthe luting. "As to 'how,'" he says, "the psy chology of the situation, the univers- j ally present American optimism, Is A period ofjest the fundamental answer, expectancy 'prosperity wards! is now j working and will soon advance fromjcnttle the 'half speed' of the after-war days of peace , regnant to the 'full speed ahead' times. There is ft ruling, spirit of hope, optimism and prosper ity abroad in the land. "The file leaders and the rank and file of the American people today are sanguine, optimistic, talking and breathing prosperity. Not the Imme diate prosperity of Inflation, but a quiet, contained feeling of confidence in the outcome of things notwith standing the clouds that hang around the horizon." These Impulses are being reflected by the interviews, magazine and the newspaper articles by the leading cap tains of Industry, bankers, university professors, statesmen and men in high places throughout the nation. Mr. Crowley says. He quotes A. Bar ton Hepburn, chairman of the advis ory board of the Chase 'National bank: "1 am an optimist and 1 do not think there Is room for any one but an op timist in this country. I look for continued prosperity." Judge E. H. Oary, chairman of the United States Steel corporation, says' "I look for a protraction of fair busi ness, with Increasing volume, tending toward great success and prosperity." Long Period of Prosperity. George M. Reynolds, president of the Continental and 'Commercial bank "AVhen all things it is reasonable to of Chicago, says: are considered suppose that there will be a long per iod oif continued prosperity." Frank A. Vanderlip, president of the National City Bank of New York. says: "In the long view 1 look for a long period of great business and it is a good policy to plan for that." These opinions are substantially in dorsed by William A. Low of the First National hank of Philadelphia, Thus. A. Edison of Menlo Park, Brig. Gen. Thomas Tripp, chairman of the board of directors of the Westlnghouse Electric and Manufacturing company: John Skelton Williams, comptroller of Thomas E. Wilson, ot the currency; the Wilson Packing company, J. Og-' den Armour of the Armour interests, W. B. Dickson of the Midvale Steel & Ordnance company, President Farrell of the United States Steel corpora tion and John G. Jones of the Alexan der Hamilton institute. This volume of testimony from men of highest authority points to the coming of the "peace boom," Crowley writes, and reflects the state of mind prevailing among the people tlie gulf to tlie and Mr. of tho country from lakes and from ocean to ocean, in a concert pitch sounds the affirm ative from the highest uutjiority. When It Will Corns. As to "when" the big prosperity will start, he writes: "The time of the arrival of the 'peace boom' is more difficult of def inition, but, like the 'how,' it is also u question that Is more or less wrapped up In the psychology of the situation. The period of adjustment necessary to bring this boom to pass has been fairly entered upon and in fact at this date it is in a more advanced stage than most people realize. This ad justment is gathering momentum from day to day. Tlie accelerator Is being opened wider each day and the speed of the movement Is moving up fast. "Problems we will always have— like the poor, and some other people, they will always be with us. The money supply problem, the labor problem, the railroad problem, the price of food problem, tlie socialistic problem, the bolshevik problem and the international problem-all those arc truly of pith and moment, and dominate at this time, but problems are not new to the American people. "We have been coming through them for many years, many of them as hard and difficult to solve as these, none of which were insuperable ob stacles in the way of the American people, and without doubt these sup er-problems will eventually be solved also and In their solving there will he nothing placed in the way of the com ing peace boom In finances which will be required in part in the process." 'In Early Summer. In a strong recapitulation the pres ent financial situation in the country Is outlined by Mr. Crowley- as fol lows; "Our opinion is that by early sum mer this country will be on a full boom footing. We submit only our opinion, yet do It advisedly. It is clearly impossible to dogmatize about such a situation. We believe that the labor market, when equilibrium Is j fairly under way, will prevent an l ov er-supply of labor and widespread unemployment. We believe that the demand for labor will continue when all the returned soldiers are back at their old Jobs. Remember this, please: Before the war immigration brought us in about 1,000,000 laborers a year to be absorbed in our rapidly War has curtailed the ln *? industries. supply and as soon as ample ships are available for passenger traffic between the United States and Europe we may expect a still further curtailment be icause of the flood of foreign-born la diet, I ;borers now in the United States who intend to return to Europe. We be eV e that 1919 will show us new rec or ds of expansion in almost every line 0 f business. Great new markets have n een developed and old markets have iibeen reduced to a starvation They are waiting eagerly for the chance to expand. Free buying Is to day a patriotic duty, instead of a dis-|for oya i act, as It was considered during: war. The farmers of the United (states are prosperous as never be- 1 Ifere. They have sold their crops at high prices. The wheat crop for next (summer, which is to sell at the high guaranteed government prices, promises an excellent yield. Hogs rind command high prices. The re serve supply on the farms is greater than ever before, Stocks Are Depleted. "Stocks are at low marks in the re tail stores of the country and much buying will be necessary to replace them. Hardware stocks are said to be at least 30 per cent below normal. Furniture and house furnishings are even lower. Groceries are in strong demand. Collections are good. The failure mortality among business con cerns is running the lowest since 1884. There is an enormous demand getting in line for all sorts of build ing materials, such as cement, bricks, building steel, builders' hardware, plumbing material, paints, varnishes, tools, etc. This will dictate a rapidly developing demand for house furnish ings, such us floor coverings, drape ries, curtains, furniture, gas and elec tric fixtures, stoves, washing ma chines, etc. "The Washington government Is doing yeoman work in urging manu facturers to go slow in releasing ma terials for which they can ultimately find use. The world faces a shortage of raw material for years to come. The government statisticians and those who occupy economic vantage points of observation are warning against dumping of 'rainy day' re sources merely for the sake of imme diate peace of mind. The government is moving cautiously in releasing its accumulation of raw materials and is thus setting an example to individual manufacturers and dealers. "We believe the 'peace boom' will start immediately with a rising tide and by early summer will be washing high marks." TOLD Cl 1)1 MMMER EXPECT INCREASED DEMAND FOR METAL IN SPRING— CUT IN WAGES. Commenting on tlie recent state ment issued by ilie secretary of labor following the conference with repre sentatives of employes of copper mines in the west, Robert, G. Glmmell, of Rail Lake City, general manager of the Utah Copper company, had this to say on the copper situation through the Salt Lake Tribune; Future of Copper. This Is the summing up of the con ditions which have brought about the existing situation, but the present and future interests tis even more than the past. It appears that: First—tlie using up of accumulated stocks is progressing, even though it may be slowly, in Europe ami Amer ica. Second—with the coming of peace, northern neutrals and central empires as well as the rest of the world, will need copper and the manufactured forms In which copper Is an import ant part. Third telephone and telegraph companies have a large amount of postponed construction work which must soon be placed.^ i kourth-with the coming of spring, considerable construction work <"*7 be expected and orders will undoubt edly he placed which require copper, Fifth-with the better understand ing of the very great increase in the cost of production that lias occurred "Whereas, we deem It to the best Interest of labor and Industry in this country to help remedy this tempor ary breakdown of the machinery of international trade; therefore, be It "Resolved, that this meeting of rep-j| they ■ the market. In the last five years, confidence will be restored to buyers and accordingly, come into probably at present level of prices. Sixth—giving credits to foreigners for exports will greatly facilitate the marketing of copper and other Amer ican products. This is now being con sldered." The conference between the copper producers and labor delegates, under the auspices of the department of la bor, also adopted the following reso lution: "Whereas, It appears upon reliable authority that foreign countries have great difficulty at the present time in financing purchases of the products of our country; and l rosentatlves of the labor of the cop- 1 per Industry do urge and recommend that congress pass such legislation authorizing government aid as well as furnishing the necessary long term (redits to facilitate the resumption of our export trade in raw materials, expand-jagricultural products, and nmnufact-i ured goods." "In the light of the foregoing," said i Mr. Gemmell, "It is apparent that we j can not continue to produce and fin - ! anee the production of copper which : we can not now sell at any price, it; was therefore imperative to reduce j production, which action necessarily carries with It an increased produc tion cost. In other words, as the production tonnage decreases, the cost per pound of copper increases, should also be borne In mind that our costs have recently been and are now such, that even if there was a demand our output at present prices, which there Is not, I doubt very much that we would be doing any more than swapping dollars, when the cost of permanent upkeep of the property is considered, and entirely regardless of the fact that these high production costs do not Include anything in the way of return of investment for the copper in the ground, which we have paid for in the purchase and Improve ment of our property. All these factors considered, It is an indisputable and irrefutable fact that true economy of operation, or what might be termed selfish interest, calls for the closing down of the pro perty until the restoration of normal conditions. This we have no thought of doing, and sincerely hope that such action will not be necessary. At Bingham we are continuing the It stripping operations, rather than lay off men. Stripping means the remov al of the overburden or waste rock to This 'work ts always expose the ore. kept several years ahead of ore pro duction, and the true economy of present operations demands its cess ation. At Mugnu we are operating the mill on a 50 per cent capacity. Inasmuch all of the ore now*being produced could be treated at the Arthur mill, true economy of operations calls for the closing down of the Magna mill. It must toe clear that it costs pract ically as much to operate the Magna mill on a 50 per cent capacity as does on a full capacity. The cost of treatment is greatly increased by this limited production distributed to the two mills, when one mill could treat the entire tonnage now being produced. Should we close the Mag na mill it would mean one of two thingB, to-wit: either no work for the entire working force at Magna, or consolidating the Magna force with the Arthur force and providing half time work for the consolidated force. This will not be done unless stern ne cessity compels such action. It is a matter of keen regret to me that a wage reduction was necessary at this time. 1 hope I have made it plain that conditions in no way con trolled toy the management forced such action. should be borne in mind Utah Copper company voluntarily made seven wage Increases between August 1, 1914, and July 1, 1918. The fourth increase was made on Decem ber 1, 1916, and was based on a sell ing price of copper at 2714 cents or more per pound. Although the price subsequently fixed toy ttie government was below 27Ms cents per pound, three wage increases were made since December 1. 1916, to-wlt; July 1. 1917, February 1, 1918, and July 1. 1918, respectively. These ttiree wage increases, amounting to $1 per day for skilled labor and 85 cents per day for unskilled labor, were based, not upon an advance in the price of cop per, but in recognition of the increas ed cost of living expenses, and these three increases still remain in effect. In short, the present wages are based or the sliding scale, assuming a quo tation of 20 cents per pound for cop per. and to the wages based upon 20 cent copper there is added the three v age increases aggregating $1 per day for skilled labor and 85 cents per (lay for unskilled labor In recognition of the increased cost of living. The outstanding fact is that our present wage schedule is today in excess of the schedule which became effective December 1, 1916, based on copper quoted at 2714 cents or more pound. as 1 In this connection it that the The p ro foi e in before the copper in dugtry to<ftv is the pre8erV atlo n of Its PXlHtenPe , u Ig q^hting for its very L fe us an j n< j U stry I always have i been, and always will be an'optimist i lR the industrial life of our * nation; ! have no fear of the ultimate results hut in the Ii)?ht of the facts i pl . esen j ed „ must })e appa rent to , eVery sane and rea „ onable peraon that unt u J)pape ! quarter for an Imported cigar, g about her housework. to pr terms are definitely j known anil normal industrial condi tions reestablished upon a sound i foundation, the ad interim period pre ; sents grave and perplexing problems. Calm judgment and mutual sacrifices are necessary to tide over this critical period and bring about a restoration j of satisfactory and prosperous in j dust rial conditions. This matter has been the subject of much correspondence between D. C. Jaokllng, the managing director, and myself, and 1 may say that, in ex pressing the views herein stated. I do so with the knowledge and ap proval of Mr. Jackllng. There are men who will laugh at a woman for buying a nickel package of chewing gum, then proceed to blow n The more careful n woman is about her complexion the more careless she I NEW JERSf ZING CO.'S NEW OFFICE BUILDING 1 DEMONSTRATES UTILITY OF i | j ! : j ZINC IN MODERN BUILD ING CONSTRUCTION.. A new building was recently com pleted for the exclusive use of the New Jersey Zinc company. Tills con cern, which has stood sponsor for many new uses of zinc in various forms, realized that for building pur poses rolled zinc possessed many de sirable features. Accordingly, plans were made, when the building was projected, to utilize sheet zinc in the structure and to use as much zinc in other ways as possible. This was at a time well in advance of the ruling of the war industries board which called upon manufacturers, as a pa triotic duty, to substitute zinc fo> other metals in the nonferrous field for a great variety of uses, says the Engineering and Mining Journal. Flashings, gutters, and all other outside work upon the building are made of rolled zinc, this material having been substituted for copper, thereby affecting a material saving in cost. The substitution of zinc for copper offers a new field whereby the building costs can be decreased, and the future should bring increased use of this metal for the foregoing pur poses. Sheet zinc is easily worked and is non-corrosive and its durabil ity has been thoroughly demonstrat ed in Europe, where it has been em ployed for more than a century. Features of the Building. Over each door of the new building is carved a horse's head, the com pany trademark. The entrance and vestibule doors are constructed of sheet zinc rolled on wood. The knobs and locks are made of zinc plate, a detail that is embodied throughout. Zinc composition is the material used for the hinges. Side (walls of the ele vators Immediately inside are of zinc construction. Likewise, the elevator doors and bell plates are zinc coated, giving a rich satin finish, window hardware Is manufactured from zinc plate, looks and handles. it or 1. 1. of All of the This includes sash, A complete ven through-| registers were first stamped and then zinc plated ' In the interior fixtures, zinc mater . . . ials are consistently employed. Jhis metal is used in the hardware, in eluding trimmings and fittings, of the! _ . , , Paint, enamels ami tints that font pose the interior decorations include zinc oxide and "llthopone" (zinc sul-|in ,, ., , These are ordinarily used toy the higher 1 tilating system is installed out the building. The grilles for the mail chute. Some of the panel doors inclosing cutout boxes, enunciator boxes and all low-tension work in the electrical equipment are made of zinc plate. The "lighting fixtures are also zinc plate, and frames for the illum inating lamps are spun from rolled zinc sheets. Ornaments that are to be found throughout the building have been cast from zinc. Amount of Zinc Used. it phlde-barium sulphate) as ingredi ents. paint manufacturers in grade ipaints and enamels, however, and their use is, therefore, not con sidered unusual in this structure. Many of the furnishings to be used designed to be in keeping with the structural features of the edifice. These include desk fittings and office supplies, all of the materials for which are products of the company, applies even to the window shades, which contain "lithopone." The amount of zinc used in the construction of the building is shown in the following items: The front doors contain 150 pounds; roofs and gutters, 700 pounds; lighting fixtures and equipment, 350 pounds; electric switch plates, 175 pounds; outlets 45 pounds; hardware, 700 pounds, and sherardizing consumed 100 pounds, The utilization of zinc in buildings as described in this instance is an economic feature which is believed to be susceptible of greater development especially for household purposes. are This NOTICE TO DELINJUENT STOCK HOLDERS. Office of the Rainbow Mining & Mill ing Company, Limited, 745 Peyton Building, Spokane, Washington, February 11, 1919. Notice is hereby given that there is delinquent upon the following de scribed sitook on account of an as sessment of two (2) mills per share, levied on the 19th day of December, 1918, the several amounts set opposite the names of the respective share holders as follows, to-wlt: No. No. Cert. Shares Amt. Anderson, Hans ....706 750 1.50 Anderson, Hans ....656 500 1.00 Anderson, Arthur ...707 750 1.50 Anderson, Arthur ...658 500 1.00 Anderson, Arthur ...959 2500 5.00 728 2750 6.50 400 1000 2.00 Name I Cady, E W Cady, E W Chyden, Chas Chyden, Chas Clough, R S Clough. R S Clough, Mabel M ...588 Eide. Peter .. Elde, Peter .. Hinkle, Deboer Hinkle, Delmer Hinkle, Delmer Hinkle, Delmer Hetlen. Caroline ....772 Hellen, Caroline ....455 Jaquette, Walter P .780 Jaquette, Walter P .419 Jaquette King, j I^ent, Robj Loffler, E Earl l^itlonde, Ralph A ..689 Maker, Harold L ...810 Maker, Haro-ld L ...451 Myers, Rhoda New-void, G P New-void, G P 669 180 .36 731 2 7U .54 917 1250 2.50 686 2000 2500 4.00 5.00 7 7 1000 2.00 78 1000 2.00 52 2.00 i 2.00 2.00 | 4.00 j 3.00 1 2.00 ! 12.00 2.00 i 1000 53 1000 54 1000 60 2000 1500 1000 f)000 1000 , Walter P . 420 1000 2.00 W 539 2500 6.00 i 2.00 i 4.00 1 5.00 3.00 ! 57 1000 610 2000 2500 1500 2.00 1000 ;«l- 1 1000 2.00 sis 2 7 1 1 .90 570 5000 10.00 m THEUNITEDSTORESCO. ♦GROCERIES-#* , WALLACE MULLAN BURKE S PECIAL ATTENTION is iven to Miners* and P rospectors' patronage. We Know We Can Save You Money—Give Ui a Trial 496 1000 2.00 837 1000 2.00 99 1000 2.00 840 2260 4.60 508 500 LOO 499 1000 2.00 929 500 1.00 2500 5.00 531 1250 2.50 587 1258 2.50 214 5000 10.00 12500 25.00 10000 20.00 958 2500 5.00 F13-M6-4t _______ NOTICE OF SHERIFF'S SALE. By virtue of an execution in my hands, issued out of the District Court of the First Judicial 'District of the State of Idaho, in and for the County of Shoshone, in the suit of James -W. Hutchins against Legal Tender Mining Company, a corpora tion, duly attested the 13th day of January, A. D. 1919; 1 have levied up on all the right, title and interest of tlie said Legal Tender Mining Com Newvold, G P Peterson, John Peterson, John Person, Ohas Person, Ohas Person, Chas Paulson,' Alyce Richardson, Jesse A 626 Rahn, Fred Rahn, Fred Smith, W L Schwabe, Win C ....567 Towles, Tiherrett ... 684 Watts, C R And in accordance with law so many shares of each parcel of such stock as may be necessary will be sold at the office of Therrett Towles, in tbe Gyde Taylor building, the 7th day pi p. mi. to pay the delinquent 'assess ment thereon, together with the costs of advertising and the expenses of sale. Idaho, on Wtillace, March, 1919, at 1:15 R. P. WOODWORTH, Secretary-Treasurer of the Rainbow Mining and Milling Company, Lim ited; 745 Peyton Building, Spokane, Washington. pany, in and to the following describ ed lode mining claims, situated in Evolution Mining District, Shoshone County, Idaho) viz.: "Legal Tender" lode claim, located j anuar y 19 th, 1891, notice of location of which is recorded in Book "L" of Quartz Locations, at page 99 thereof; ("Lizzie" lode claim, located October 110th, 1899, notice of location of which j s recorded in Book "S" of Quartz Lo cations, at page 475 thereof; "Gold Standard" lode claim, located October 1st, 1898, notice of location of which j, recorded j n Book "Q" of Quartz [Locations, at page 483 thereof; "Gold ett Key" lode claim, located October 1st, 1899, notice of location of which is recorded in Book "S" of Quartz Locations at page 305 thereof: "Group" lode claim, located March 19th, 1900, notice of location of which is recorded in Book "T" of Quartz Locations at page 177 thereof; "Her schel" lode claim, located October 2fth, 1902, notice of location of which Is recorded in Book "X" of Quartz Lo cations at page 240 thereof; "Frank j lin" lode claim, located April 14th, ] 1898, notice of location of which is recorded in Book "Q" of Quartz Lo (Cations at page 350 thereof; "Pacific" lnde p]alm located March 19th, 1900, ; notice of location of which is recorded Book "T" of Quartz Locations at page 176 thereof; "Hewett" lode ...claim, located April 2nd, 1903, notice location of which is recorded in HOWES & KING GROCERS The Store That Ha* Stood the TEST OF TIME. Established in 1886. Fresh Stock Full Weight Prompt Delivery Fresh Fruit and Vegetables in Season. Phone: 194 606 Bank St. When you bay j ••• \ Sunset Bud Your money stays at home I The product is second to none Book "X" of Quartz Locations at page 409 thereof; "Revelation" lode claim, located August 31st, 1903, no tice of location of which Is recorded in Book "Y" of Quartz Locations at lode page 18 thereof; "Thomson" claim, located March 21st, 1903, no ttce of location of which is recorded in Book "X" of Quartz Locations at page 408 thereof; "Loring" lode Iclaim, located April 14th, 1898, no tlce of location of which is recorded in Book "Q" of Quartz Locations at page 351 thereof; "St. Paul" lode claim, located April 9th, 1900, notice of location of which is recorded In Book "T" of Quartz Locations a' page 426 thereof; "Admiral Dewey" lede claim, located May 13th, 1898, notice of location of which is record ed In Book "Q" of Quartz Locations at page 397 thereof; and "Bell R." lede claim, located November 10th, 18M, notice of location of which is recorded in Book "K" of Quartz Lo cations at page 567 thereof; all rec ords of Shoshone County, Idaho, to gether with all buildings, mills, flumes, machinery and mining equip went of whatsoever kind or charac ter now situated upon said lode min ing claims. Notice is hereby given that on Saturday, the 1st day of March, A. D. £°of,! C f' day t ' ,e ? tFeet 'toe County <a>urt house, in the City °t Wallace, ? OU .m y iflii State of Idaho, I will sell all the right. title and interest of the said Legal Tender Mining Company of, in and to the said above described property a' public auction to the highest bid jfor cash In lawful money of the United States, to satisfy said execu tion and all costs. Given under my hand, this day of January, A. D. 1919. JEPTHA H. SCOTT, Sheriff, 29 th By JOHN DOLAN, Deputy Sheriff. J30-F27-5t Subscribe to The Wallace Miner and teep posted on mining. Accounting Specializing Mines and Prospects, Assessments collected, etc. John F. Ferguson Phone 88 Wallace, Idaho Shothone Bldg. Bit TiMFEI MWE Mine Contract Hauling Solicited PHONES 241 Wallace 623 Cedar St.