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Newspaper
Wallace Miner
Location
Wallace, Idaho, United States of America
Date
Aug 05, 1920
Page
4
Kirby Thomas highlights the high risks of early mining investments and urges due diligence. Investors should demand clear title, treasury stock ownership, and full disclosure from promoters, with careful scrutiny of reports and capital needs to avoid inflated commissions and misrepresented prospects.
The Alaska placer gold total produced is valued at 218 million dollars with bonanza deposits yielding easy gains. Only auriferous gravels require costly mechanical mining, and reserves are estimated between 240 million and 360 million dollars under prewar economic conditions.
The Engineering and Mining Journal notes that while mica is common in the United States, high grade sheet mica is scarce and often relies on imports from India and Canada. Favorable transport and milling location matter, and deposits must yield large, crack free sheets to be commercially viable. Prospective producers should assess quality and likely grade before start. Bryan would limit the presidency to one term, but the Columbus Dispatch reports voters have not imposed such a limit.
The Idaho and Los Angeles Mining and Milling Co of Wallace Idaho issues a notice of assessment. A 2 mills per share levy was approved at the July 12 1920 board meeting payable by August 6 1920 to Alfred J Dunn secretary treasurer. Unpaid shares after August 6 1920 become delinquent and may be sold at public auction on September 6 1920 at 3 p.m. to cover the delinquent assessment and advertising costs.
The Western Union Mining Company of Spokane Washington levied a five mills per share assessment on June 7 1920 payable by July 15 1920 to Ben L Collins secretary at 1524 Boone Ave Spokane WA. If unpaid by July 15 1920 the stock will be delinquent and advertised for sale at public auction on August 16 1920 at 3 00 p m at the Samuels hotel Wallace Idaho to pay the delinquent assessment and costs.
By order of the board of directors the payment deadline for the above assessment is extended from July 15, 1920 to August 15, 1920. The sale of delinquent stock is postponed from August 16, 1920 to September 16, 1920 at the same time and place. Ben L. Collins, Spokane, Wash. July 15 to Aug. 12 05.
In Shoshone County Idaho first district Harry A. Rogers trustee for Shoshone County files suit against J P Hopkins Jane Doe Hopkins and unknown heirs to foreclose a delinquent tax certificate for Lot 7 Block 21 City of Wardner for 1913 1914 1915 taxes under Idaho law. Defendants must answer within 20 or 40 days and risk judgment.
In the Probate Court of Shoshone Idaho the administratrix Minnie Torkelson invites creditors and all persons with claims against the estate of Edmond F. Torkelson deceased to present their claims with vouchers within four months after first publication. Claims should be exhibited at the administratrix residence Burke Shoshone County Idaho, the estate's chosen business place. Dated July 26 1920 with first publication July 29 1920.
Notice to all concerns that Charles McKinnis of Ranger Texas has lost two stock certificates of the Sherman Development Company Cert No 1 for 5000 shares and Cert No 79 for 2000 shares. Anyone negotiating those certificates is warned. If not recovered within 30 days an application will be made to issue new certificates in their place. August 26 16.
The Washington Mining Company of Burke Idaho announces an assessment of one and one half mills per share on all standing capital stock. Payment is due by August 20 1920 to secretary treasurer C A Dettman at the company office Burke Idaho. Unpaid stocks by August 20 1920 will be delinquent and sold September 10 1920 to cover the delinquent assessment and sale costs.
The public is cordially invited to a gathering led by Minister Tellef C Peterson at a community venue. Details on time and place follow in the notice. The event aims to discuss local matters and civic engagement.
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