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Stockholders THE WALLACE MINER Lead, email@example.com v Spelter, firstname.lastname@example.org. Copper, 19 i / 2@19^4C. Silver, $1.32. w.LLFIND MINING NEWS - COMPANY NOTIC ES INTEREST to them THE WALLACE MINER AND OF IN FIVE CENTS A COPY NO. 51. WALLACE, IDAHO, THURSDAY, JANUARY 22, 1920. VOL. XIH. I a Extensive Develop ment Plans by New Companies SILVER TEMPTING PRIZE All Metals Feel Impetus of World Demand as Supply Dwindles BIG creek section of the T HE iCoeur known as the "dry ore belt," the j pronounced silver producing re- : is attracting unusual attention ! commonly : d'Alenes, glen, at this time on account of the amount j of work now under way there and by i of several important deals re reason cently consummated on well known properties in that locality. result of consolidation of the Big Creek Leasing company, holding the Yankee Boy mine, with j; at As a a lease on Mining com Silver the Big 'Creek pany's holdings, the latter taking over the entire holdings of the Big Creek Leasing company, active work has started in the Yankee Boy lower j i now workings and announcement 1.> made ,« that the property will be thoroughly & developed and placed on a permanent producing basts. E. C. Crane a• Coeur d Alene, 'who Is associated with j John P.. Gray, the well known mining attorney, in the Big Creek Silver-Min ing company, negotiated the deal and , 1 is said to bave Pittsburg parties be- ■ 1 | j to , . , „ The.Yankee Boy . mine has ha( * j good record as a producer o g It was located in hind him in the project. Has Produced Much Silver. in grade silver ores. the early days by Dennis and True Blake, iwho took from the upper work ings sufficient silver for an independ ent fortune. Later D. W. Price i Kellogg secured a lease on the grourri and drove a lower tunnel to the vein. | the time he has operated the ; During property shipments in excess of $300, The work he 000 have been 'made. will now be continu had under way on a larger ed by the new company scale. Mr. Crane and associates will prob ably be ready by the first of the month to get to the work in earnest, a crew- now being on the ground for i preliminary operations and placing ; the property in shape for a more ex The mine is equip - power, has good with the j j tensive program. electric of ped with road connections wagon railroad, only two miles distant. Yankee Girl to Operate. Adjoining the Yankee Boy lies t" e ! property of the Yankee Girl Min i under bond to E. L. I company, now Tousley of Spokane. It is slated from an authoritative source that work 1 will soon be under way on this prop erty and the lower funnel extended to the vein as rapidly as possible. The vein carries a strong outcrop of iron cappings, and where uncovered along shown great the upper levels has , r . , Ac roes the creek the Big Creek J i- i ning company is putting I touches on a new concentrator, the l first erected in the Big creek district j It will soon be placed in operation and , is well designed to handle the char- , found in that section. The . Big Creek Mining company's ground Is recognized as containing one of the i It has width and permanency. Mill Nearly Ready. acter of ore new big mines of the district. been opened on several levels, ' present workings showing over 70 feet of vertical depth on the vein. made from all Shipments have been of the levels, the product having been A large hand sorted In the stopes. amount of mill feed is raw available looked for and steady operations are here during the spring and summer. Busy at Sterling Silver. At the property owned by the Ster ling Silver Mountain Mining company, a short distance from the Yankee Boy holdings. and Big Creek company's active development work is under way Is reported from and good progress the lower tunnel operations. * cut is being driven to reach the first of two veins uncovered on the claims. This will be reached within 300 feet. The crosscut has now been extended sent to A cross 75 feet. New equipment was the property this week which will fa cilitate the wor"k and more men will be employed as soon as accommoda tions can be provided. Silver surface showing Is said to have in silver The Sterling yielded exceptional values acmes a 20-foot ledge which will be reached nt a de.ptlf of 300 feet by the Harry Morrell Is ln Present crosscut, charge of the property. Will Work Silver Dale. Manager Areander of the Silver (Continued on Page 8) • SUCCESS WANTS CONTRACT. Will Start Mining Operations as Soon as Terms Are Favorable. The Success Mining company I enter the shipping list just as soon as suitable contracts for the zinc can jbe secured. This is the statement of! local officers, who are now in corre- | spondence with some of the heavy j 'buyers of lead-zinc ores and from | whom they expect favorable terms. Steps have already been taken have everything in readiness for the j immediate resumption of work should a suitable contract be signed. Pumps are available to unwater the mine, the machinery is being tested and other details have been looked after by the managment. Two cars of zinc left the property yesterday, the result of operations by leasers. Several more cars are ready for shipment. ' wtli to j : DIRECTORS AND STOCKHOLDERS ! . AGREE ON MOVEMENT TO SEEK ORE BODIES. : j i j; The National Copper Mining com pany will resume development work at once. This was decided at a imeet jing of the directors and stockholders Tuesday night at which August Paul sen, president of the corporation presided. Charles M-cKinms, secre tary, -was also present, together with number of the leading stockholders. ,« ^ ^ , work undertaken will btJ & continuaUon of the cro8scut on the ]eve , t0 reach an objective distant, j , 1 ■ 1 where it is | thought an ore body will be uncover Frora this point it is proposed to drift on the lead. Another crosscut to be started from the same level j to explore an area of virgin ground which engineers have stated they believed commercial ore to exist. This will be a continuation of the crosscut • d iway when the proper ty closed dawn. ed. in new ore bodieg in ^ hig raport beinfr appr oved by ^ gtockholders at the meeting well iThe recommendations of a known geologist and engineer of Butte to be followed in this search for the National are on Tuesday night. Has Ample Funds. National stopped work last August after carrying on exploration work as deep as the 1600 level. Stopes were operated on the 1500 level. When operations ceased the company had a cash balance in the treasury of $51, 205.73, which is available for the work The now proposed, ; A carRful and dertaIled study of the j j mine has been made by a Butte firm the engineers, who have advised expenditure o#rtidditional funds in de velopment work, have long been of the opinion that and the of Local stockholders .more Work should be done ! present announcement has been- well i reoe ived, President Paulsen being in I hearty accord with the proposed pro 1 gram. It is understood Work will begin as capable crew of miners can soon as a be assembled. is . JIM BLAINE. Be Pine Creek Property Will Under Active Development. , The well known Jim Blaine group, i recpntly aC quirecl by the Jim Blaine I Silver l active de ve!opment by the new j aspmpnt Preliminary steps , already been ^en to install addi , equipment and acoommoda . havg been provlded f or a i Soon Syndicate, 'will soon be under man have crew of miners. It is proposed to start work at once in the drift which has just reached face of a 500-foot This drift will be carried ' tbe ve | n a t the crogscut ^ j eet tf) reacb t be 0 re revealed the upper i eve i 8 at a depth of 700 feet. Where the crosscut is to be continued | nearly . , reached tbe vein, the filling shows 5 feet of quartz, Iron, lead and silvei between the well defined walls. the drift on the first In addition to vein the crosscut to the well known "Midnight" will be reached some 500 feet j ahead of the present face of the cross- : cut at a depth of nearly 1000 feet. vein. which IDAHO-MONTANA elects. to i Named President of John A. Sangren North Side Property. ■ John A. Sangren of Spokane president of the tdaho-Mon the annual , elected vice president, wa j Keister < of Murray, secretary - treasurer, these officers with R. R ; Sealbury of Spokane and Peter J* 1 of Coeur d'Alene composing the board of directors. re8 The management ph t y STS ZL: Power to was elected Mining company at of stockholders in Spokane O. M. Nordquist of this tana meeting this week. city was ter be the ln Silver Prices Highest in the History of; the World-Important Silver Events I ' per line 1903-1914—Pre-war price of silver averaged 57 Vic. ounce; maximum yearly average 6U.Sc in 1912; minimum yearly average 53.3c in 1911; maximum price 65c dn December, minimum 47V*c in January, 1903. 1905; 1915 (Fob.)—Lowest price in recorded history, 46Vic per ounce. Due to fact that principal demand for silver .was (and atill la) to pay world's trade debts due by central empires, and moratorla in other nations practically cancelled requirements to pay India. 1916—Great expansion in silver coinage, which begun quietly in 1915. Withdrawal of gold made silver necessary, especially for arm ies. World silver coinage 295 million ounces in 1916 versus 227 mil lion ounces in 1915, and under 200 million ounces in 1914. 1915, low 1917—Steady rise in price of silver from February, of 46Vic reached 85c in August, 1917, and suddenly expands to *1.15 high in September, 1917. This steady rise was due to heavy coin age demand, and to resumption of trade witih India, mended by heavy requirements for allied armies in orient, minting by India-Japan, 1917, was 163,000,000 ounces, versus 7,300, 000 ounces in 1915. It became impossible to buy enough silver in open market to ship to India and Japan. India came to rescue by extending £100,000,000 "credit" to Britain to relieve strain on Brit Britain undertook negotiations on behalf of India to further aug Silver ish finanoes. replenish India silver supplies from U. S. treasury, if possible. 1917 (Oct.)—-Silver drops to 85c and stays around this price for "buy" 100, several months, on attempts of British government to 000,000 ounces silver at 85c and contained in old silver dollars in U. S. treasury. 1918 (April 23)—Pittman law, on protest of 17. S. silver produc ing interests against 85c price, establishes *1 price, melting down 350,000,000 silver dollars, containing 270,000,000 ounces silver, and sale of such silver at $1 per ounce, of which 200,000, 000 ounces to be sold to British government for India account and for British mints. The Pittman law' also imposed restrictions and embargoes on export of silver, requiring license. Provides for 1919 (May 7)—U. S. treasury announces removal of price re but licenses 260,000,000 and India, - striettons on silver. License still required for exports, now granted practically on demand, silver dollars had been melted and shipped to Britain thus completing contract for 200,000,000 ounces. 1919 (May 7)—London speculators try to depress silver, for the first two days expecting decline in price on removal of restrictions. Tlhe price dropped to about 99c from *1.01%. China suddenly turn ed heavy buyer, and the London speculators were caught short. Announced that 1919 (June)—India suspends imports of silver from U. S., ver 235 million ounces imported In year ending May, 1919. British sus try to hammer silver market by shipping gold to India and dumping Japanese and India silver in China. China takes all tlhat is offered but price drops to $1.04 In June. 1919 (to Dec.)—Silver climbs steadily on heavy Chinese buying notwithstanding India is entirely out of silver metal market, so far as officially known. Many rumors that heavy Chinese buying may mask India consignments, to interior of China exhausted stocks of silver at Shanghai, Pekin and Hongkong. Chinese dollars at huge premium, very rare. Silver for export to China reached $140 November, endangering U. ($1,293 coin and bullion value of silver in fresh dollars, British coinage was routed to Heavy shipments of silver, presumably S. currency *1.383 in subsidiary silver coins, the melting pot When the London price climbed to 66 pence in late September, reached 79% pence in November, and has since hovered between 75 and 77 pence, mostly). 1919 (Dec.)—U. S. treasury authorizes shipment of remaining "free" silver dollars under Pittman law, about 70 million, for sale to American banks in China at market price of silver bullion.* This move aimed to remove premium on Chinese dollar exchange then very adverse to United States, aimed to diminish insatiable de mand for silver from China; and resulted as expected in prevent ing runaway price of silver, the price going back to around $1.32. 1979 (Dec.)—'Coeur d'Alenes produced 5,000,000 ounces silver dur ing year. .Nation's outjjut totaled 55, '285,186 ounces. MEN COMING FROM THE COAST TOWNS IN NUMBERS TAKE OLD JOBS. in the More miners are needed mines of this district, according to George Edmiston, in charge of the j mines employment bureau t rougi i which must pass all miners «nP«oyed in any of the big mines. Production,^ is being speeded up as fast as possi- j . . f . K „ lintn a, , e an ,! W . , . normal ba district will be back on a n ms, Ql ter re ® ' ® shortage uncertainty occasioned by B of help and labor disturbances. More men have been coming to the district during the past month than Most of for a long time previous, them state they have been working the coast, a majority in the shlp Some state that hundreds of on yards. idle men are now walking the streets of the coast towns, while many more expect to be idle within the next few The mining districts of the west can absorb a large quantity of this labor, and especially will the ex | per i enc ed underground workmen find difficulty in obtaining employment than paid in the weeks. j , lt better wages : coast district, no Old-Timer* Return. Mr. Edmiston states that the men a clean, ambitious They speak highly of i coming in looking lot. their work during the war period in the shipyards and feel a patriotic pride in having had a hand In the war During the -week some 50 Coeur d'Aleners are , program. or more of former came in from Seattle and Tacoma an <j they were at once returned to j thelf old pIace9 0 f employment un (]prgrf>nnd S(Mne bad bee n gone for ; while others left later in war 8tr ugele. ' ^ ^ ^ Coeur d>A , ene d1 «. ume'trlct when operating at full capacity employ close to 5000 men under r «»4. >—"« 'IZZ. I El V PROMISING SHOWING MADE AT END OF A 1200-FOOT RAISE. Fred Donaldson, manager of the BlrtePpr j se property, near Big creek, & showing of ore the face crosscut tunnel today and ot)i nion that the vein has -ke ore carries be f n encountered. The ore carr es values in silver and lead. Some dis lance back in the crosscut a lead was cut carrying values in copper but no drifting was done at the time, as the m object -was to reach the lead sl]ver veln expoged ln the upper work ings. The ledge was reached at the 1200-foot station In the crosscut and at a face depth of about 600 feet. A drift will at once be started on the vein which will reach a point be neath the surface workings ln about a 150 feet. FRIEND. Operations are proceeding in satisfactory manner at the property of the Friend Mining company, on Beaver creek. An incline shaft is un der way and is now down some 25 , feet. This will be continued to the 1100-foot level from where a drift will I explore the vein. The shaft follows the vein down, starting from a point some 50 feet back from the face of the main tunnel., A good showing of lead-zinc ores is reported ln the shaft at the present time. well dis Fred W. Callaway, former known mining engineer of the trlct, who has been ln California and Utah for the past two years, has re turned to the Coeur d'Alenes and Is ed to this the Bunker Hill smelter! now becomes a factor In the labor question and will employ an enlarg ed crew as a larger volume of ore becomes available for treatment at now on the Hecla company's staff. the plant. MACHINERY INSTALLED. Wardner Leasing Company Prepares for Extensive Operat'ons. New equipment has now been in stalled at the Wardner Leasing com pany's shalt and Manager Owen is assembling a crew to start operations. Power will be secured from electric ity, compressor, pumps and machine drills are available and rapid pro gress is expected when the under ground operations begin. The shaft house is located along Wardner's main street, near the Odd Fellows' hall. Leases have been se cured covering a large portion of the townsite, both the city and private owners (furnishing ample ground for yploration purposes. The shaft now 'has a depth of 225 feet, with several hundred feet of crosscutting complet ed from this level. The new work will continue the crosscut to reach one of the several veins known to |cross Milo gulch in this locality. 10 RESUME MUMS PROPERTY SPLENDIDLY EQUIP PED—MUCH ORE IN SIGHT. Announcement was made this week that plans were under way for a re sumption of activities at the Coeur d'Alene Antimony Mining company's property on Pine creek. The steady upward tendency in the market lias caused a clean-up on available stocks and the supply is said to have reach ed low proportions. Curtailment of foreign shipments is accountable for the condition, it is reported. Chinese ore is not coming to this country ow ing to disturbed conditions in that jeountry closing down the mines. The high price of silver is also playing an important part with the miners in the orient, while the cost of production in the labor line has taken a big upward leap. Antimony dealers are now looking to the American mines for their sup ply an (Tare reported to be in the mar ket for large quantities of the metal. Big Tonnage in Sight. The Coeur d'Alene Antimony com pany's property is one of the old mines of the district and has produc ed a large tonnage of high grade ore, much of which was shipped crude to the smelters. The property is now ( equipped avith a concentrator of 100 tons daily capacity, containing crush er, jigs and tables, while a flotation plant has lately been Installed. The management now proposes to grind j the ore fine and treat it by flotation processes, experiments carried on by government agents by this process returning a close saving in values. The mine contains a large tonnage ready for stoping, the ore 'body show ing a width of three to five feet, large amount of mill feed is also con tained In the ore bins, ready for treat ment as soon as active operations be ^ * ln At the annual meeting of stockhold ers, held at the mine last Friday, M. E. Jolley of Coulee City, Wash., was reelected president; H. J. Hlbschman, vice president, and C. M. Powell, sec retary-treasurer. DEATH OF BERTHOLD - University Mining Student Was Well Known Here. The death of Barthold Smith, aged ls - son 01 *" r - J - nu Mrs - well known residents of this district, occurred at Moscow last week. The young man was a student at the state university, taking a course in mining engineering, following the vocation SMITH. adopted by his father, who is mana ger of the Amy property on Pine creek and owner of other properties l* 1 * 8 district, where he had a wide acquaintance. His mother, Mrs. Jen nie Hughes Smith, was among the early graduates of the state univer sity and Berthold was the first of the a children of graduates of the institu tion to take up studies there. Dean Francis Thompson, of the in that locality. Berthold was born and raised In 25 of of i school of mines, pays a fitting trib ute to the splendid ability of the young man and states a most prom Ising career in the mining profession was cut short. The funeral services were in charge of the university officials and stu dents, President LIndley and Dean Thompson taking charge of the ser | vices. Mr. and Mrs. Smith desire to ex 'press their appreciation of the kind ! words and messages of sympathy I from their many friends in the Coeur re- d'Alenes and for thA kind acts shown Is bv the university staff and students A now conveyor, 200 feet In length h 8 under construction a,t the mine, Mullan. Tho conveyor will car ore ry the ores from the mine ore bins to at the sorting station and will eliminate considerable hand work. MORNING MINE. 1HEGLA ENIEAS A SPECIFIC DEKIAL DESCRIPTION IN ERROR Answers Complaint Filed By Federal Company Area In Conflict Patented By Consolidated Extention Without Proteat -allE H12CLA Mining company, through its attorney, John P. Gray, lias tiled an answer to the suit of the Federal Mining & Smelting company in the Russell lode apex case in the United States district court for northern Idaho. lu the ansiwer to the complaint the that the United Hecla States district court for northern Ida ho Is without jurisdiction and that the contends description of the Russell lode mining claim, as given by the plaintiff, con flicts with areas patented by the Con solidated Extension company. The answer denies that the court bus jurisdiction because this contro versy can not be determined without the presence of the Marsh Mines Consolidated, and in this connection defendant says that the suit there fore does not involve a controversy solely between the plaintiff and the defendant,, but between the plaintiff and the Marsh Mines Consolidated on the one side and the defendant on the other, and because the requisite di versity of citizenship does not exist to confer such Jurisdiction." Tlie Marsh is said to be a Wash ington corporation. Says Description Incorrect. The answer denies that a correct description of the Russell lode has been given, inasmuch as boundaries are given which on the surface con flict with the Consolidated Extension lode claim. The defendant denies that the plaintiff is now or for more than 10 years or at any time for more than three years been in possession of ore entitled to the possession of the Russell lode and denies that there is a silver, lead or zinc vein in the Russell lode. It denies categor ically that any vein apexes in the Russell lode and that the Hecla has secretly or otherwise penetrated the Russell lode, "or into or upon any vein or ore body therein." It denies all allegation regarding the removal of ore, the property of the plaintiff, exceeding in value $6, 000,000 or any other sum. The defendant asserts that it Is the owner of aJl ores beneath the surface of Its several mining claims and de nies that its claim Is a cloud upon tbe Russell the plaintiff's title ti claim or to any vein or lode of the Russell lode mining claim. Has No Title to Russell Lode. The defendant admits that It has no title to the Russell lode, but al leges that it Is the sole owner of the Consolidated Extension, Iron Orphan Girl, Muscatine, Fraction, Croesis, cot, Junp, East Hecla, Croesis Exten sion, Saturday and Rooster claims, nil patented, and that no ore now being mined from the claims is part of the Russell lode or alleged vein. The answer sets forth that on each claim mentioned a vein of mineral bearing rock was discovered upon the unoc cupied domain and located In com pliance with the law. The answer further states that the Consolidated Extension claim was surveyed, advertised and entered for patent without protest by the Russell Lode Mining company and that the area in conflict was patented and is part of the Consolidated Extension mining claim, prior In time and min ing rights to the Russell lode claim. The answer prays that the plaintiff take nothing by this action and that Side, Muscatine RurTtngton, Mas the defendant's title to its claims and therein be oon ■ j tho vp)ns aTld oreg firmed and quieted and that defond ant recover ltg cogts In the suit AJAX. Drift on Vein Gives Encouragement to Owners. the Good reports are coming from work at the property owned by the Ajax Mining company. The vein has j^pn located east f the fault and a | dr , ft on u dur | nK the week has dis condl l clo86( j a bcav ny mineralized t i otli iea d i n g the manager to expect ore in paying quantities at any time. | The .present work is off from the 200 | foot level of the shaft. The drift will be continued as fast as possible. Morning. Peter Alblnola of Kellogg, president to of the Lombardy Mining & Milling j company, was ln town the first of the | week.