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H No- Oater SC. THE P10CHE RECORD Ks TABLISIIED SEPTEMBER 17, 1870. P1UC1IH. UNVOI.X UH'XTY. NEVADA. FRIDAY DKCF.M15KK 2. 1922 VOLUME 53; NUMBER 11 VIRGINIA LOUISE MAY THE PIOCHE DISTRICT PRESIDENT IS I FOREST U.S.S. IGNS OFFICE NOTES BUREAU APPROPRIATION CAPITOLCOMMISSION N 30 DAYS A call ha been issued for a meet iiiK of the stockholders of the Vlr n' Louise Mining Company, to lie l td In Pioehe on January I, 1923. T..3 meeting in of the utmost lui ! nance to the district and may r.-. an the reopening of the Virginia Louise in the near future. The prlncl-o.-.i matter to be considered by the ' t: rkholders is an offer for a bond end lease on the property, which if Lcrepted will result beneficially to the stockholders and ultimately prove an Immense benefit to the tamp. The contract for lease, whieh was i pproved by the dlrtors of the com 1 any at a meeting December 21, pro v ides for extensive development be low the fifth level Immediately and in case of an ultimate sale taken tare of the company's present in debtedness and pays the stockholders '7 cents per share for their stock. Substantial royalties are also pro vided for during the period the lease is operative. The development work will mean the expenditure of thou.v unds of dollars In the district and the employment of a considerable number of men in the Immediate future. And should the development prove the existance of the ore bodies blieved to lay below the fifth level the result will be one of the richest mines the district has known. A strike of rich silver lead ore U reported from the Comet district the 4 G's alining Company operating the Lyndon Mine which they recently purchased from Chas. Sbodde, open ed up a full face of rich ore in the drift being run toward the ore Unar ms contact ou the Si) foot level and it is to be hoped that an important ore body will bo discovered in the area below the tunnel level. George Holladay is manager of the Company and all work Is being done under his direct supervision.. A large number o; claims have been located principally by Callente residents in the vicinity of Delamur the rich strike made by Judge Pal mer having created intense local in- ere;.!, specimens brought in from the -original strike contain mucii free gold, the ore being of the same character as the rich ore found in the Delamar Mine In the early days. Thirty men are now employed at the Prince mine and the unwateriug of the lower levels will soon be com pleted, ut which time the extensive plans of deep development, Inter rupted by the cessation of the work a year ago will bo pushed to com pletion, the additional equipment be ing amply able to take care of the hip, flow of water necessary to be hand led when opening up the Assure nt depth. Itnlii 's of Iho annual mt-eiliiit at glance Written specially for the Kecord. By ROBERT FILLKK Chicago, 111 - O. K. Itradfate, Ohio, i I be new president of the merican "Farm llureuu Federation, reduction was contained in the ro- Dr. XV. H. Walker, of California, In j port of Geueral Herbert SI. Lord, With the lowest prices experienc ed in the history of tire making, and In the face of keenest competition, the Firestone Tire and Rubber Com bany's sale for the fiscal year, end October 31, were $64,507,301.77. representing an increase of 2.1 per cent iu pieces sold over the previous year, according to a statement made The ' other day to stockholders, at . their annual meeting In Arkon, O by Harvey 8. Firestone, president ol the Company. The company's earnings, afior providing for depreciation, iuleicsl, taxes and other charges, were $7. 348,421.59. After paynint of pre fered dividends and mlscollaneou; charges there was shown a net In cerase of $16 per share In the com mon stock equity. The company's bank indebtedness was reduced fom $21.6S0,000 at the -.beginning of the fiscal year to $12.- 775,000 at Its close, meaning a re duction of nearly $9,000,000. During the year the Firestone Canadian Company financed ttseif through the sale of a $1,500,00') seen per cent bond Issue, accordli to Mr. Firestone, the parent com- 1 any owning the entire outstanding preferred and common stock. The Canadian plant has a present eapa- citv of 1600 tires dally, and ts so planned that additional production can be readily procured when requir ed. Mr. Firestone expressed optimism regarding the outlook for the com Ing year. "We enter the new year," he said "with our factories running at un diminished production, operating at the highest point of efficiency yet attained and producing the best qual ity tire In our history. Sales and distribution methods have been aim pllfied, resulting In marked decrease In cost: our dealer organization en larged and strengthened. Inventor lea have been conservatively valued and our commitments for raw ma terlal are on a most favorable blsls "However," said Mr. Firestone "unless the action taken by England and certain colonial governments re! ttve to production and exportation of crude rubber is reclnded or modi fied in a drastic manner, the effects of thla uncalled for legislation will be far-reaching. The limiting of production and exportation already has caused an Increase of 100 per .Continued on Last Pag . I'OIM'Y HIUHXXAV HOM 8AI.F.S in preparation for an extensive construction program during tin present winter and next Bummer two counties have recently sold or ailvcr lined for sale County Highway Bond authorized by the Legislature of 1921. Lander Couuty from an auth orized Issue of $30,000 has sold $10,000 to aid In the tmprovemen f the section between the west comity. Hue and..CmpbeVl ..Creek in the new location of Route 2 b ween Eastgale and Austin. Clark County is calling foi bids on January 5, 1923, on an Issue of $40,000 the proceeds to be used In the improve ment of the road from Las X'ega aavtward to the Arizona state-line A part of the Clark County work I being advertised for bids on Do comber 27, and an additional 'sec 'Ion will also be contracted In th near future. ice president. These officials were elected by the 59 voting director.- present ul the fourth annual conven- imi of the American Farm llureau eld here. The execuiivo commit tee for 1923 as follows: Northeast Croup Frank Smith of w Xork; Frank App, of New Jer- sf; George Putnam, of Now 1 lamp- hire. Central Grou J. F. Keed. of Min nesota: XV. H. Settle, o f Indiana; Howard Leonard, of Illlonis. Southern Group T. J. Orr, of Texas: E. II. XVoodB, of Kentucky; K. A. O'Neal, of Alabama. Western Group C. S. Hrown ol Arizona; J. F. Hurton, of Utah; J Rodger, of Colorado. Of these only four, Howard Lean- rd, J. T. Orr, C. S. Hrown and J. F lurton remain from lustyeurs com nit tee. John W. Cloverdulo has been ap pointed by t tie executive committer s executive secretary for the new ear. Mr. lioverdalo lias neen exocr METAL OUTLOOK Advance of local settlement prices csterday on copper to $14,275 aud jn lead "to $7,225 per. nunnreu pounds emphasize the healthful con ilitions affecting directly the pros perlty of the Vtah metal mining in lustiy. In all quarters load is a know lodged to bo stronger stutisl cully than It his been in years. The osltiou of zii'C is believed to be equally BS good. Coppers advance puts an even more favorable aspect on the loc mining situation since this metal (or honths has been in the doldrums, occasionally making a alight rally which Invariably preceded more decided decline. A survey of the alt uation seems to Justify the belief that the price improvement scored by the red metal will be permunen World consumption of copper, cording to the Boston News Bureau Is at the rate of 56,000.000 pounds of copper above production. Total consumption ts now about 250,000,- 000 pounds a month. Of this ag gregate, America consumes 130, 000.000 pounds. The remainder. 120,000,000 pounds, Is consumed abroad. , Present production layabout 145, 000,000 pounds from North and South American mines and those In South Africa that send their output to American refineries for treatment. About 5,000,000 pounds of metal is derived from resmeltlag and refining of scrap copper and brass In Ameri can furnaces. World Output Reckoned. TO BE CUT Jut receutly there has been a move im foot in Cougreas to reduce by three million dollars the appro priation for forest roads, as provid ed in' (lie n men i led Federal Aid of I Highway Act approved November 9, 19-L The recommendation for this Director of the Budget. As soon m Ihe recommendations become known a igorous protest against the pro posed reduction went into Congress from all the Western stales. At the recent meeting of the American Association if State Highway Offic ials a strong resolution of protest was ulso adapted and forwarded to Congress. Our most recent Informa tion through Associated Press dis patch is that the Agricultural De partment appropriation bill as intro duced in Ihe House on December IS contains an appropriation of $32, 300,000 for Federal Aid and Foie.il Highways. If this Is true the proposed Forest Highway reduction has evidently been carried Into the bill, lis the orig inal Highway Act provided that an 'appropriation of $10,000,000 would be provided for 1923, and with $25, 000.000 of thu appropriation recom- ' mended for federal Aid Highways there would be left for Forest roads ; the sum of $7,300,000, a cut of $2, i 700.000. Should tile bill bo passed in this mnnner il means the retnrd- Suu Francisco, Dec. 26 Cruising about the Pacific and visiting the m a. n V seaports along the west coast, Alwin Malcolm Hradiey, who is a jon of Mrs. Edith L. Edwards of I'anaea, Lincoln County, Nevada, is now a iiieiurr of the U. S. Marine t'aurd on the Dreadnaught Arizona. one of the largest ballleships of the I aeifie Fleet. His name appears on Hie official roster of tiiut vessel. Young Hradiey is nineteen years old. and be Jollied the V. S. Marines it Los Angeles, California, August , 1922. For several weeks he waj tal loned at" Mare Island, California, later embarking on the U. S. S. Ari.oua Murines on battleships are trained to man the unti-aircraft miiih and secondary batteries. They ire also kept in a high state of mill tary proficiency by frequent Infantry drills. In case they should be requir ed to land on a hostile shore. In recent mouth's the Arizona bus been cruising up and down the West Coast, frequently dropping anchor it San Francisco or San Diego, Cul 'fornla, whore the Murines are given permission to go ashore. Occasion ally tho vessel visits San Pedro, near Los Angeles, and the Marines pay visits to thai city. Doubtless the Lincoln County Marine will have many Interesting experiences to re count of his life on u dreadnaught, when he returns home. Ive secretary of the American Farn j serious extent the en- Hureau Federation for two years. j fn KmV(.t 1(,lnVi,y ,irKritm i u The new cxecutivo committee went nto session Immediately after the lose of the annual meeting. Co-operative marketing was voted iy the commit tee as the majof pro ' ect for 1923. A co-operative mar keting director will be employed bv the Federal Ion immediately. FACES RANCHERS 0 Christ nas day did not delay th. .egal inao.iiliery of Hie Dnitod Stall's, .oveininent in its efforts to briuM o justice the assailants of Attn l"Nk") Carter, federal prohibition ,i! fleer wlio died as a result o, A oiimls r. reived at Palisade las Tuesday in a gnu fight with moon diiuers. A conference belli In Hie of free oi ho United Slates uttornoy last night iy attorney George Springmoyer, .lepuy V. Pi. Attorney Charles Caul veil, Prohibition Director J. P. Don nelly and U. S. Marshall J. 11. Ful uer, resulted In a telegram being i. nt to District. Attorney XV. G. Key olds of Eureka County requesting him to file murder charges under the state law against Robert V. Haine and John 11. llrlte, the sus p 'tied men. Although those in attendance nt he conference were reticent In their dateniouts as to what took place, t is understood that the case was thoroughly discussed with a view to ward planning the handling of the roseciitlon. While the federal representatives tulked over the met hods of bringing Ralne and Rrlte to trial, relatives of the dead officer who arrived In Reno vesterduy were grief stricken over the loss of a son and brother. Reno Journal. Increased 100 per rent III tho last eight years, consumption by Ihe rest f the world has Increased only 10 per cebt. Germany, thanks to her good export business In copper ami brass goods, has been consuming considerably more copper than pre war, allowing for scrap brass melt ings. Japanese consumption has also been larger. France and Ilelgiutn are fast increasing their consump tion, but are not back to normal. the weslern states. In Nevada, where several projects have been planned and uctuul construction only uwaiis the necessary uppropria- t4;ms, it would mean 111" projects could not lift taken up next year, ao.l might mean tho Indefinite post ponement of a part or nil of lliem. Along with the oilier Western High way Departments we have urg d up on our Congressional dolegalie.n the Importance of having the Form! Highway appropriations carried through as intended In tho original bill 'and they have promised their hearty support. Further develop ments will be awaited with Interest by the entire western country. OUTLOOK GOOD FOR E 1 Approximately 45.000.000 pounds ThH Kreat drop ha bsen , EnK,and of copper is produced by mines which send their output to other than American refineries, which brings world production to 195,000. 000 pounds a year. While domestic consumption has British consumption has been at the Continued on Last Page Big New Years Carnival Ball after the show Monday night. Panaca mulls. Ore shipments from the Piocht district were on u reduced scale on iceount of the holidays, no work be ing done nt llulllonville and Dry X'al- ley for three days. The Increased price of arsenic is nn important, fac tor In the shipping situation. A large tonnage of slag in the vicinity of Plocho carrying arsenic will in all probability be marketed during th Spring and In addition to the arsen cal content of the residues, several properties having a tonnage of ar arnlcal oro available for shipment It is more than probable that sh menu from the X'irgiuia Louise pro perty will bo commenced before April 1, nn offer having nieen re celvod for a bond and lease on the mine, whein the leasers agree to ex nend a minimum of $25,000 in tie velopment work below the fifth leve aud In case of nil ultimata sale to issume all bonded Indebtedness nn pay approximately a half million dollars for the stock at present out standing. "Work Is continuing nt the Prince Mine with an Increased force of men nt work nnd It Is anticipated that the unwnterlng of the big mine will ihortly be accomplished. Additional equlpmint hns now been Installed and Is giving entire satisfaction An Increased tonnage will go for ward from the Mullionvlllo and Drv X'alley Tailings piles after the holi days and the prosprcts for the Prince Company appear. to be very bright. Shipments for the week ending De cember 28 were as follows: Tons Bristol Silver Mines Co (itu llulllonvllln Tailings, Prince . . 200 Dry Valley Tailings, Prince ... 330 rjtal tonnage for week 1186 New Tear's statement and resume of agricultural conditions and pros pects from Hcrreiary of Agiicul line Wallace. E At yesterdays meeting of the Capi tol commission office space In the various state buildings was alloted about as planned and announced some time ago. The stale engineer will now be permitted to move his headquarters from the nialu build iivt and take possession of the emo- rial building. The attoorney-general will then move from the north end of the building to the rooms vacated by the state engineer. In the pres ent attorney-general offices will be housed the state bank examiner, state auditor and tax commission sec retary. A little later the lieutenant governor will move Into the private office now occupied by the attorney general. Public service commlsskm headquarters will be transfered to rooms formerly occupied by the high way department "In the state print lug office building. A few weeks ago State Engineer R. A. Allen started to move office fixtures, furniture, equipment, tiles, records, etc., to the Memorial build ing, hut was ordered not to proceed pending a regularly called meeting of the capltol commission. For some time It appeared that neither side would move and that no office space would be allotted until early In January, after J, O. Scrugham and XX'. G. Grenthouse, respectively gover nor and secretary of state-elect, take office. However, all members of the present commission, which Includos Governor Boyle, Secretary of State Brodlgan, Lieutenant-Governor Bui llnaitr'Controller Cole and Treasurer Malley, met Immediately upon call of the chairman and made quick . work of deciding the apace to pa as signed the various offtoers. Accord ing to report harmony reigned and no objections were made to sugges tions about offtc arrangements. Twelve mouths ago most of the ulx nllllori farmerj of the United States .ere starting on the long hard climb ml of the valley of economic depres ioti. They liavo not yet attained the heights which are bathed In the ratcl'iil sunshine of prosperity. Some, Indeed, have fallen by the way. Others are still In the valley. Nevertheless, as we stop a bit and look backward wo can see that very considerable ground has been gullied by the gr eat inujorlly, and we can enter thu New Year with renewed lopo and with that courage which comes from the realization that we ire really mailing progress. A year ago, when speaking of Ihe prospects for farming In 1922, I said that while there w as no ren--uui to expect boom times for the far mer in the near future, there wan promise of better times, both for the tanner and for those whose bust news Is largely dependent upon him The year has brought fulfillment of that promise. Speaking generally times are bettor, much bettor, than a vear ago, both for agriculture and for Industry. Crops h ave been good on the whole. Prices of the major crops ro mostly considerably higher. While there has been a correspond Ing advance lit the prices of things tho farmer must buy, the total sum which farmers will receive for the crops of this year Is greater by a billion un d a half dollars or more hun that which they received for the crops of last year. This will certain ly menu better tunes on the iarin and farm folks will be able to ease up a little on the grinding economy they were forced to practice the pro ceoding year. The labor cost of producing the crops of 1922 was still further re dnced. There were some substan tlal reductions In freight rates. Much helpful legislation bus been enacted and more will bo this winter Interest rules are lower and the credit strain has been eased. This has made It possible for many far tners who were rather heavily In volvod to refund their obligations and got themselves In condition to win through. There are still same dark spots. In some section weather conditions were unfavorable and crops were short, and farmer's In thm sections DENISON BILL NOW AGITATES NEVADANS Nevada mining men will watch with Interest this week the action of the committee on Interstate commerce In the senate at Washington on the Dcnlson bill, known as the national blue sky law. This bill Is regarded as calculated to do damage to the mining industry In Nevada by lin os! in; unnecessary and Illogical re strictions upon the Bale of Block In lining companies, says the Keno Journal. The present federal supervision, Is sufficient tor a very complete con trol of stock selling of an Improper character. To establish further pre cedent for federal control over stock selling of the character outlined lu Deiiiuon bill la regarded as only a further limitation ou the power of the states to manage such affairs themselves. are having a very hard time of It. Freight rates are still too high, es peciully for those who must pay for a long haul to market. Taxes are ton high, but this Is largely due to the Increase In local taxes, over which farmers them selves must exercise control. There was some gratifying growth In farmers' cooperative marketing associations, and of them are being organized on a sound business uasls. . Aside from the help which has been given by legislation and by ad ministration activities, strong econ omic forces are av work to restore a more normal relation between ag riculture and other Industries. The peril In the agricultural de pression is more keenly realized by other groups than ever before and on every bund a sincere desire Is be ing evidenced to do what can be done to help the farmer better his condition. Everything considered, we have good reason to expect better things for agriculture In the year 1923. Big New Years Carnival Ball after the show Monday night. Panaca 1 music. '