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Newspaper
Wallace Miner
Location
Wallace, Idaho, United States of America
Date
Feb 07, 1924
Page
4
The Wallace Miner is issued every Thursday by Wallace Printing Company at Elks Temple Building 506 Bank Street Wallace Idaho Edit by A J Dunn Subscriptions cost 2.50 per year for domestic addresses and 3.00 for foreign Canada and all Postal Union countries.
The February 7 1924 report analyzes cash disbursements in Shoshone county for 1923 by non-productive and non-dividend mining firms and individual claim owners. It predicts statewide outlays may exceed 6 million, spotlighting mining’s role in Idaho’s economy and urging support for investment in mining development.
The Senate Oil Committee presses partisan fire over Albert B Fall and naval reserve oil land transfers. Doheny faces questions about a $100,000 note and alleged withheld facts. Connections to Wilson era officials and Democratic funder Creel surface in a broader probe of oil leases and political influence.
Midyear Idaho Editorial association gathering in Grangeville aims to foster state cooperation among editors, promote development of Idaho resources, and boost tourism via the planned north and south highway. A traveling caravan will showcase central Idaho scenery with a photographer and moving pictures.
A fragment notes Democrats courting a vice presidential candidate amid party tensions. It hints at Democratic expectations and a Wall Street oil context. The line about drilling for republican oil and a Democratic gusher suggests a metaphor for political maneuvers and potential gains.
The Bank of California urges confidence in metal mining as vital to western states. It highlights mining as a major employer and tax contributor and says demand for mineral wealth will persist, urging business and individuals to invest and pursue prosperity.
In the New York Herald a man calls the Bok prize a cinch and a league of nations propaganda. He schemes to win $100,000 by proposing a plan for American cooperation to preserve world peace. The story suggests a rigged committee and a misleading frame for the prize.
The Rochester Democrat and Chronicle argues against labeling isolationists as unpatriotic Lord Beveridge critiques the term isolationism noting Americans are not financially socially or commercially isolated and have aided war relief. The piece praises keeping out of European vendettas and cherishing independence from European intrigues until continental greed ends and peace prevails.
The Wall Street Journal notes the Bok peace plan prize jury of six read 22,164 plans totaling about 80 million words, discarding each for a fatal defect on first impression. The piece suggests apparent controversy over the League of Nations and its treatment in American politics.
The Miner reports receipt of a paper on Surface Reaction in Flotation by A. W. Pahrenwald ore dressing engineer of the US Bureau of Mines in charge of the Moscow state university experiment station. An abstract will be read by the American Institute of Mining and Metallurgical Engineers next month to invite discussion by in person or mail. The work spans three years of research and is a valuable addition to flotation literature.
George Graham Rice of New York has been elected president of Idaho Gold Corp, replacing Samuel Newhouse. The Nevada corporation filed a certificate naming E. E. Lothrop of Rocky Bar as statutory agent and reported a full officers’ change and pledged compliance with Idaho mining laws amid inspector Stewart Campbell’s earlier misstatements about ore values.
A lyrical tribute to forgotten explorers who pursued the Grail in the West. It honors rugged pioneers who faced ruin and death, sleeping in rocks and dust, with unseen courage, ending their journeys unknown and uncelebrated, a song to the Unknown Men.
A Chicago statement urges adherence to sound banking principles amid widespread bank failures. It argues against government or private guarantees for weak institutions and private lenders, warning that moral hazard and misjudged credit extend from ill advised policies. It notes over 1500 bank failures nationwide as a sign of bad enterprise, not weak conditions.
Ensign Jimmy Libby son of Libby district court stenographer, after near top of Annapolis class, is detached from the battleship Tennessee to attend a year long postgraduate course at Annapolis followed by a two year program at Boston technology school. He travels to San Diego by air to join the Pyro, navigates the ship when the navigating officer falls ill, and reaches Annapolis to begin his new assignment.
At the annual stockholders meeting Arctic Mining elected Henry Lalonde as president Eugene Rohrer as vice president P J Limacher as treasurer George H Heller as secretary and directors Harry Bertram Felix Dalgle and John Keller The company holds claims on Placer Creek about six miles from Wallace adjoining the Vienna International Development is to resume early in the spring after limited work shows a promising showing.
C W Adams manager of the East Helena plant of the American Smelting and Refining company and W J O Connor assistant manager were in the city the first of the week. Fashionably dressed women are now carrying lace sunshades on which are perched large ring parrots.
At the Polaris Development and Mining company stockholders meeting A C Bixby was named president Chester Howarth as vice president John F Gearon as secretary treasurer Newly elected directors include Mary Howarth and Sarah Gearon The Polaris mine lies east of Yankee Boy An option on a majority of Polaris stock was secured by Yankee Polaris Leasing and Development company which plans an extensive development program and expects to begin operations soon
The Missouri Bankers association at Springfield adopts a resolution condemning tax free securities as creating a favored exempt class. They note 2.7 million government employees pay no taxes on $3.5 billion in salaries, due to instrumentalities exemptions justified by older court rulings. They argue such exemptions are unjust and unconstitutional while praising tax free securities as vital for financing public works and local prosperity. The piece urges bankers to reconsider their position and warns against surrendering taxing power to the federal government.
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