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The Wallace Miner Entered at the I'ostofilce in Wallace. Idaho, as Second Class Mail Matter. — 1 — 1'ubiished Every Thursday by WALLACE PRINTING COMPANY Wallace, Idaho Elks Temple Uuilding 506 Bank Street = A. J. DUNN. Editor. - Subscription Price, per Annum....$2.50 Foreign—Canada and ail countries in i'ostal Union, per Annum....$2.00 Thursday, February 7, 1924. IMPORTANCE OF MINING TRY TO THE STATE. INDUS The figures published in the M,ner last week showing the actual cash dis bursements in Biioshone county dur ing the year 1923 and non-dividend paying mining com panics and by individual mining claims in doing annual assess- | ment work should be given thought ful attention by those who desire Know tlie value of tlie mining indus by non-productive j nvners of to try in its relation to the prosperity of the people of the state. . These lieu res were compiled from tlie books various development d' tlie ii nd compun ;os Irom the records of Shoshone county, and can therefore be investlgutt 1 by anyone wl may be disposed to ques- l Similar tion their accuracy, are being compiled fig. all other ing counties in northern Idaho by the secretary of tlie Idaho Mining associ ation, following counties of southern which the mining Idaho will be covered in the same manner. With the work completed in the entire state, the figures will be tabulated by coon ties and given to the public through the press. There is nothing upon which to base an estimate of tHe total for the state. The only which the survey is now complete is slioshone, the total being $3,009,719. This will of course be far in excess of mich cxpRiwlit', ty, us this is tlie seat of tlie greatest mining activity in the state. But it is sufe to predict that tlie figures for the other counties will run high as com pured with popular impression, and the total will give an insight to the importance of the mining Industry to tile stute as a whole. county in •eg in Any estimate of the grand total for the state at this time would be little more than a guess; nevertheless the Miner ventures the prediction that the outlay by non-dividend paying and non-productive mining companies and individual owners, of mining claims in the stute of Idaho during the past year will be more than $6,000,000. That figure is far more than the total divi dends paid by all the mines of Idaho j in 1923, a fact that can ■slot he too j strongly emphasized in view of the l frequent assertion to the effect that ! the dividend paying mines rob the 1 state of its resources without compen sating return. This vast sum was j J spent for wages, for (he purchase of supplies and for mining going directly into the hands people of Idaho and providing equip men., of the con tinuous market for Idaho products. It was spent on tlie chance of making a profit, and the history of mining un fortunately shows that a large pei - centage will never come hack in :livi ii , o leiw se tlie> would not be made. Hit while much of this large expendi ture'may prove a loss to the promot ers of mining enterprise, the people of the community, county dends. Such investments must have assurance of large returns if success and state receive the benefit regardless of the outcome. that The labor, : It should be borne in mind these figures are wholly independent of the vast expenditures being made by the dividend paying mines, millions of dollars spent for timber, farm products, machinery and othcr equipment all goes direct into the channels of trade, building up large business enterprises and créât in; taxable wealth for the support of public institutions of county and state the hazard that ls inherent to mining, that" the laws of the state should be designed to encourage the Investment It is because of the direct benefit re ceived by the state through the dev el opment and operation of mines, and j of capital in the development of its mineral resources. IDAHO NEWSPAPER MEN MEET IN GRANGEVILLE. TO Tlie midyear meeting of the Idaho j Kuitorial association wiil be of more ; than usual interest this year, for the carrying out of the plans now being I worked out will have a beneficial in the gathering ot these men from all parts operation, and ubove all enable them ifiuence upon the state far beyond the proceedings of the assembled In the first place. new« I paper men. - of tlie state will result in personal ac j quaintance among men who are en gaged in a common purpose to pro mote the development of the states resources and thereby udvance the j I material and social advantages of the .people us a whole. Their meeting ; and commingling for a few days will bring them into more intimate rela lions, give each a better understand ing of the problems that confront the other, tend to develop a spirit of co to grasp the fact that Idaho is "one land inseparable" and that its wealth ul resources and opportunity, as well as the romantic history of the sturdy of pioneers who laid the foundation I the common weal tli, ure the priceless I heritage of ail. I Then the famous north and south I highway will be formally and forever placed on the map when the caravan j j of south Idaho newspaper over it to-and from Orangeville, only will its scenic grandeur be de scribed by the editors men pass Not in their own j papers in terms that can only be in- j spired by the magnificence of Idaho ! scenery, but the caravan will also be acompanied by an expert photograph er with moving picture camera the wonders of central Idaho made ac cessible by tills remarkable highway will be thrown on the movie screens and of the country, (north and The advertising the south highway will gel through ttiis state meeting of Idaho : newspaper men will unquestionably j result in attracting much touris. 1 travel to central Idaho. 1 i SEN ATE Ol L COMMITTEE STRIKES A DEMOCRATIC GUSHER. j Having found Albert U. Fall, a for ,. j Montana, were gleefully busy in turn " ! ing the evidence to political ad van Because Secretary- Denby had j j approved the transfer of the naval re- j I« mi i„„ 1 . ,. . . „ |se.ve oil lands to the Jurisdiction of I llie interior department and the sec- ' ! retary of the interior had leased them for exploitation by private oil compan ies, attacks were made upon the seere ] I ; nier cubinet member of a republican j administration, budly- besmirched with oil, the democratic members of the committee, lead by Senator Walsh, of 1 ! j ! (age. I tary of the navy and a resolution in upon j Direlul denunciations were hurled at republicans who were accused of betraying their trust by i ImnZi, - 7 71 \ , demociatlc senatois, and the chair j mittee was most vehement of all, his onslaught even including an attack I upon tlie president. It was a great . - ,I « . ii,, day for the democrats, who had at j upon the republican foot : , troduced in the senate calling him to resign. man of the democratic, national rom last found something upon which to base an attack administration and give them a ing in the approaching campaign. | They grabbed tlie bait with fish-like 1 stupidity and by the same token they w ere hooked. Call Mr. Doheny again for further questioning; he is suspected of having I ithheld some facts in connection tliis infamous oil transaction. Mr. Doheny produced i with And s0 lle had. the note given him by Mr. Fall for $ 100 . 000 . He was asked if he had had dealings with any other former cab inet members in connection with oil. Yes, he had. His company had re tained 1-ranklin K. Lune, secretary of ,) le interior under tlie Wilson admin istration, following his resignation; W. McAdoo, son-in-law of former ('resident Wilson and secretary of the tieasury in his cabinet, after retiring from the cabinet had been paid about $250,000 and is still retained at a sal ary of $50,000 per year. Any others? ; Doheny payroll, and indirectly Doheny | had contributed to the income of Mr. I Yes. L. M. Garrison, secretary of war in the Wilson cabinet, was also on the! Gregory, attorney general in the Wil son cabinet; and then the oil magnat» 1 recalled that George Creel, publicity ; director in the Wilson administration during war days, had pocketed $5000 j of Doheny money in consideration of j n lease of naval reserve oil lands. Do Teny ..u.iself is a democrat of nation al prominence, a large contributor to ; influence brought to bear upon Secre tary of the Navy Daniels, of the Wll son cabinet, in an effort to secure his name was before the last national j the democratic campaign fund and | democratic convention as a candidate for vice president. Evidently the democrats who were drilling for republican oil struck a democratic gusher. FAITH IN MINING. (Lenver Mining Record) Prosperity in the metal mining in dustry is of vital Importance to the western states. r The Rank of California realizes the value of this industry as a great em ployer of labor, a great taxpayer and a great field for investment. In display advertisements in the daily press this bank has said: "The west pours from its mines a diversity of minerals which not only form the basis of our nation's wealth, but also the backbone of the Industrial life of the land. The demand for sucli wealth will always exist and it will always be the fortune of the west to contribute its share to meet the de mand. "There is every reason for the busi ness concerns and individuals of the i west to face the future with conttd j j ence and courage and a determnlation I to ,ake ««vantage of the opportunities that a return to a state of healthy I prosperity holds in store.'' ■ It comes from an instituion that has (been closely Identified with mining for ; many year8 . °nd still has an abiding faith In the Industry upon which its i fortunes were founded. The Influence of this declaration can not fail to be far-reaching and of great moral and financial benefit to the mining Industry. BOK PRIZE EASY MONEY. (New York Herald) The winner of the $100,000 Bok prize *" or 4be bes4 plan for American coop eration with other nations of the world to preserve the peace of the world will get easy money. "This is a cinch" he said to himself, looking over the Bok named committee. "Why, every one is an internationalist and a league of nations fan. It's a frame—what you call in court trials, a packed jury. This thing is all propaganda—a lea gue of nations propaganda, and it's all to the good for me, for Fm going to plunge on 'the league of nations' as ! my plan for preserving peace. There j isn't anything else to it. The answer j of the committee is as good as in j now." And this is how it happened jthat the winner won the Bok $100.000. t I ISOLATIONIST? YES. (Rochester Democrat and Chronicle) Well meaning if misguided theorists who would get us into the European cockpit at whatever cost have invent ed a variety of opprobrious terms for those who hold different views and one of these, as ex-Senator Beveridge ... — . points Out, is iBulauumsi. nul now are we isolated? Commercially? No. Socially? No. Financially ? No. In our charitable activities? No. We (have given more than all the other na {o ^ ^ plufu , aftermath of war 0llr who i e ofTendlng is that we hold politically aloof and keep out of old world vendettas which are growing more hateful day by day. Our isolationism, so to call It is much like that of a decent family, in the rC g| on w here the McCoy and Hat field feudists were pot shooting each ; 'other as their chief interest in life. which was kind to both factions, de- ! plored their hatefulness, refused to huy thpm ammunl(lon Rnd refused tf> , take part or sides in their guerilla fight. What wise American does not thank ° d that we are 80 far away from Europe and so independent of herj that wp can do thlfl? An( , what oM world people would not rejoice from| jthe depths of their hearts to he out of jtheir whirlpool of intrigue and ani- || Jmosltles, their poverty and misery. !* and he remote and secure as we are? IWhy should we not preserve our de tachment until the greed and rancor which have drenched a continent In blood have burned out. and the wrath ful. passlonnte peoples across the sea are ready to dwell together in peace? TASK OF THE BOK JURY. ! (Wall Street Journal) ! Before the reader drops the prize j winning Bok peace plan into the near est waste basket he will feel that i Isome recognition of the efforts of the I jury of award should be extended, They accomplished the stupendous task of reading 22.164 peace plans which were worse than this one. There were six members of the jury. The plan, roughly, runs to about 3500 words, so that these heroic jurors, as averaged sln ning tlie plans to have about that length, performed the phy |sical labor of reading, with under stan ding, close upon SO million words. jin view of the physical impossibility of this feat, It may be assumed that jthe jurors rejected each plan upon the first appearance of what, to them, seemed a fatal defect. q uence or tbe result, such as 4t is. pre The conse jsents the appearance, no doubt inno cently enough, of a deliberate frame p bring the league of nations once more into the region of practical Am crican politics, Smelting Men Here. C. W. Adams, manager of the East Helena plant of the American Smelt Ing & Refining company, and W. J. O'Connor, assistant manager, were in c ' ty 4be drst week, Fashionably dressed women are now carrying lace sunshades on which are perched targe living parrots. FAHRENWALD ON FLOTATION. Makes Notable Contribution to Flo tation Literature. The Miner has received a copy of a paper on "Surface Reaction in Flota tion," by A. W. Fabrenwaid, ore dress Ing engineer of the United States bur eau of mines, in charge of the expert merit station in connection with the An ab state university at Moscow, stract of the paper will be read at the meeting of the American institute of Mining and Metallurgical Engineers next month, and its advance publica tion and distribution is for the purpose of inviting discussion on that occasion in person if possible, otherwise by mail. The paper is the result of re search and experimentation by Mr. Kahrenwald extending over a period of three years, and is a valuable coiitri button to the technical literature bear ing upon the flotation process. GEORGE GRAHAM RICE. Notorious Promoter Heads Idaho Gold Corporation. Boise Statesman, February 3: Geo. Graham Rice of New York has been elected president of the Idaho Gold corporation, according to a certificate filed Saturday in the office of the sec retary of state designating E. E. Lo throp of Rocky Bar, Elmore county, as the corporation's statutory agent. The certificate was signed by Mr. Rice as president of the corporation, which is incorporated under the laws of the state of Nevada. He replaces Samuel Newhouse, of Salt lake, who resigned, after Stew art Campbell. Idaho mine Inspector. \ issued statements declaring that bul letins published by the corporation j regarding the value of ores taken from | its properties at Rocky Bar, were mis leading. Following the publishing of Mr. j Campbell's statement Mr. Newhouse i resigned and at the same time the j corporation's statutory agent, a Boise ; attorney, immediately filed notice of ( his resignation with the Idaho seere- , tary of state. Reports necessary to comply with the Idaho mining laws were also filed j Saturday with Mr. Campbell. These reports show, Mr. Campbell says, that the corporation has had an entire change in officers. The president, vice president, secretary agent are all different from the ones reported to the Inspector when the company first started to do business in the state. Mr. Rice Is the com [pany's president and managing direct or. The reports show that all stock is issued. and statutory the I ! I I | ,. M" bby ' district court stenographer of J * bis cl * y ' wbo graduated at Annapolis : h C * aSS ° f * eyer " al h " ndred ' has ju3t been accorded a notable distinction by the navy de Fartment. He has been detached from tlle battlesbip Tennessee and sent Annapolis to take a post-graduate POurs ® for one > ear ' That completed be wil1 be F»ven a course of two years at the Boston school of technology, Just what the course laid out for him LIBBY'S FINE RECORD. Assigned to Special Course for Service in Navy. Hnsisrn R. E Libby, so Of A. C. is ' h,s father is not advised, but it ls Jundoubtedly designed to prepare him f0r some 8peciaI ser V'« in the navy, ^ 8i * n ^Ibby received the order at San Francisco when he was about to r nter upon a !eave absence to visit "is father here. The order directed'ter bim to P roceed at once to San Diego Annnnni? ? h * steaiP8hlp Pyr0 A apo1 8 b > way ot Panama. He [went to San Diego by airplane, mak ,ns: the trip ia three hours which , w0,lld have required 24 hours by wa " er ' Upon reporting on board the yro be found that the navigating of ^ cer was sick and unable to sail, whereupon the young ensign was de tailed to navigate the ship on her cruise from the Pacific to the Atlan *• W.er I na polis indicates that he made the trip |without mishap and had settled down I.« M, assignment. . .. . Arctic Holds Meeting. At the annual meeting of the stock holders of the Arctic Mining company the following officers and directors' were elected: Henry Lalonde, presl-,° dent; Eugene Rohrer, vice president; P. J. Limacher, treasurer; George H. Heller, secretary. These with Harry Bertram. Felix Daigle and John Kel ler constitute the board of directors. The company owns a group of claims on Placer creek about six miles from Wallace, nnd joining the Vlenna-In temationnl. The limited amount of development together with surface work has disclosed a decidedly prom lslng showing, and the company ls preparing to resume development ear ly in the spring. Polaris Elects. At the recent meeting of stockhold ers of the Polaris Development & Mi ntng company, the following officers and directors were elected- A C Riv by. president: Chester Howarth.' vice president; John F. Gearon, secretary treasurer. Other directors are Mrs Mary Howarth and Mrs. Sarah Gear on. The company owns the Polaris'th* m,», «h,,; " it 1 th, east. Rocantly an opUon „„ a m, jority of the stock of the company was secured by the Yankee-Poiaris La. ing & Development company, a com pany which has an extensive develop meat program mapped out and is ex- i pected to soon he in position to start development operations. Forgotten Men ! I I ; i (Lowell Utus Reese in Saturday Evening Post) A grave at the end of the trail: What cheer for the hand that was des tined to smite The hard, sullen heart of the hills till the night Of age and decrepitude ended the tight! He lies at the end of the trail. What cheer for the men who fail! j ! j ; j | j j i His name is long written in dust. The click of the drill and the sturdy pick blow Cut deep in the rocks; but no future may know The name of the man who lies sleep ing below. llis broken pick reddens with rust. His cabin door crumbles to dust. : j j ! ; ! | j ; He was a Knight of the Grail. No danger so potent, no hardship so black, No menace of avalanche over his track Could shake his proud spirit or make him turn back. He was a Knight of the Grail— And he lies at the end of the trail. These were the men who dared. Far out in the wild, with the rocks for a bed, With Hope always mocking and point ing ahead, Till Time laid a hand on th'e rugged old head. These were the men who dared. And nobody knew—or cared. A song to the Unknown Men! The stout, patient hearts who were destined to fail; Who conquered the West in pursuit or the Grail And died in their rags at the end of the trail! A song to the Unknown, then! Here's how! To Forgotten Men! ! - Government and Sound Banking (Cliic&go Tribune, January 25) "Government agencies," says Mr. Coolidge in his statement on the bank indurés in the northwest, "tan net ! properly make loans j collateral j whose capital is impaired." ; We are glad to have that principle firmly. laid down and we wish to add upon insecure or to banking institutions government, either directly tojrectly, undertakes to insure from loss institutions or individuals who are suffering the logical consequences of mistakes in judgment and the conduct of their affairs, it is setting its feet in |a path which has no end unless it bel I that it applies with even greater force 'to the loans of private agencies, such I as the banks which have been invited to applet ir. the tutti esMu* n.e weaklings. We think tlie flurry in the to get too much northwest is likely attention in this political year rather than too little, and we take leave to emphasize the certain fact that if the or indt a morass, j Our opinion, and we believe it would ■ be verified by a frank examination of .banking history and banking condi , lions in the northwest, is that the i present situation is not a credit mat but one of impaired capital, that this impairment of capital is the ! ,natural result of bad banking. It is not a case of too little credit facility; but of ill judged credit extension, and we can not see that it is wise or Just to the country at large that Individ- ' luais and institutions that have been jdoing business : ! and should, in this Instance, be inm.re^by jthe government or by other sound in- ' stitutions against the logical results 1 ' of faulty methods if thorn w ^ „ on bad experimenting with unsound nostrums like the guaranty o' hank ii JSSTL »n. Æï Ut„. ) v , ~ , , .. . * 1 ploitation of *'» and leSS P ° ltical ex JJ®'*"**?? ®[ ,be pr ° 8p cct a of govern ™ ent al<3 ' ,hel ; e wou,d ba a sounder! anrt 8afer condl,,on in the northwest n I,as been rcveaIed 'n the last two r l " ree ™ 1 v ' hut the country at large and its representatives have to congratulate ! 4hem8e,ve8 up °n at this time is that tbe region of Incompetent banking , rcstrlcteä and that sound principles Prevail except in certain limited quar ters ' ' Ve in Chicago ore especially fortunate in the character of banks ' which have not flinched from , rneetin g the inevitable losses attend nm ,,pon tbe deflation of business, flav<? resolutely weeded out weak spots ns they "PPeared, and, while giving «^ Per reMef where cond Itions just! ed have kept our conditions in sound coverv ,n,, ,,mS * ns,ired Prompt re ^Th^sooner M,e „„ , , dts feel on !cr n n ^ ' t0 °' BP,S attempts - \ ,*** . . - . . d necessary sacrifices |sound h^ o^ght^noîT'h' 0 " °" Wl for noliticnf^L A ® enco ' lr - Is iniurions o .hB . , reaS ° nH ' U to the northw^ iS t^en ^ a " d 4 .. 1 ,tseIf to encourage p'w"r; : b - w a„„ î T hen can he proved h ' aid from Îhe ré ul l 777^7 ' bad method- | n I . h ** pena,lz * , jer enterprises tw r^ 0 "" ° th " financial md ,at Ieads on,y a j Every one wl-he«. 00 »?" 110 , < ? u,ck8and I have'such nld^» 'm northwest ■have such aid as will support sound conditions through temporary mis hap, but it is a serious mistake and no philanthropy to put a premium on bad banking by underwriting its blunders. Over 1500 banks have failed in the country as a whole in about two years. That is not because the country or its financial conditions On the contrary, they are strong. But it is a sorry commentary on the irre j' vel1 afford to follow a policy which ("1» not weakly encourage mistaken , enterpnse or 1,ad management. have been weak. ( sponslbillty of much minor so-called ban king enterprise which gets a brief footin S! oar country. The o«....L> « t is tlle better for the elimination of in i stitutions conducted on false princi |P |es - and tbe tendency to prolong tiieir Iive8 ls a mistake. The soundness and stren S th Of our financial conditions to day are u«Questionable, and we can ■*r WHY EXEMPT OFFICE HOLDERS? A '''■•solution was adopted by a gioup of the M,f,so,,ri lîankers association We 8 \ lbm l ' m,sht we " engaffe ,be pri ' r attention of the bankets, (St. Louis Post-Dispatch) at Springfield a day or two ago, con demning tax-free securities on the ground that they "create a favored class exempt from the burdens of the government." There is a much larger tax-exempt class, however, than the investors in tax-free securities, which. There are 2.700.000 persons on the 'pay rolls of the nation, state and mu inicipal government. They draw- an an "" al 8alary ° f S 3 -^-" 0 ' 011 Ch * hey Pay "° taXe8 ' Thev , cn ' m 3 exe,nption tbrou ® h an i ntf ' l '' 1 ' an "'' of officlal courtesy. Congress exempt »"■«- « «» Ff e ™ p,0ye " 38 "instrumentalities of lo ° U K overnm ent. The states and mv : I "***"*'" « *> " "i! eral government employes, on the " [ground that they are "instrumentait , tieB> . of another ff0ver nment. The authorlty for this mutual ex j emption> aa the bankers are doubtless j aware derlves from decisions of the United States upreme court handed | down before the adoption of the six i teenth constitutional amendment. That amendment empowers congress to tax is'incomes "from whatever source deriv I e d." Its unequivocal language clearly (voids those previous decisions. But 1 the decisions continue to operate, the our'constitution is flouted, our privileged I official class continues on its tax-free w'ay, and the rest of us continue bear the oppressive tax burden, This tax exemption of government employes is grossly unjust, inequit able, ' unconstitutional, indefensible f rom any viewpoint. The tax exempt security, on the other hand, is nn ln valuable instrument for public vlce ' Ry 4bla Instrument great public enterprtae8 of 8,ates and """ r,"' | ties are financed, employment is fur "i"' 8 ^ *° tb "" 8and8 ' ,ndu8try n ,°Z ished and prosperity accelerated the n ° w of money Int0 the ,OCa ' , ne ' 3 ° f tra<Je ' Th ° 8e aFe ^".maÏe reasons why states and municipal!* «» *»«« •» «•■»««" •>» "> »««"•" *° "» tW. iS ,be srrave fundamental reason wl f ' tllte8 a " d C ' Ue8 8h °" ,d ""Lahle ,hl * Important, almost Indispensabl y tax,npr power and tbu8 complete tb ®. vassal jage to llie federal governmen The hankers might creditably re- I to'consider the resolution they adopted at Springfield. / to ser w f