Demand for Silver Money The World Needs Silver as Subunit Money
Colonel Chester T. Kennan argues silver is superior as a monetary subunit and urges nations to adopt silver for all denominations up to one dollar, with a five dollar paper minimum. He cites Treasury holdings, argues silver coins should be legal tender to certain amounts, and calls for a global shift to silver to stabilize exchange and empower economies.
MENTIONED IN THIS ARTICLE
United States Treasury
Treasury
United States
Europe
Germany
British Empire
M. J. Flohr
First National Bank
Orient
Flohr
Senator Smoot
Utah
West
Success crosscut at 860 Level aims for large ore at Success mine
Crosscutting to the Ore Body on the 860 Level at the Success mine targets the big new ore body about 160 feet below current operations on the 700 level. Management expects ore between 60 and 100 feet with strong likelihood of a sizeable, rich body. Ongoing development on the 700 may yield further disclosures as the Success mill runs full with improved water conditions and no major interruptions expected.
Giant Ledge Mine Sold to Spokane Purchaser Tollefson
Charles G. Taylor, manager of Giant Ledge Mining, confirms sale of the company's property to L. O. Tollefson of Spokane who will take over via purchase of the outstanding stock. Tollefson plans eastern development funding and a full development program. Taylor will retire from management after February 1 and return to Spokane to rest in California with his family.
MENTIONED IN THIS ARTICLE
Charles G. Taylor
Giant Ledge Mining Company
L. O. Tollefson
Spokane
Tollefson
Taylor
Grant Ledge
North Side
Giant Ledge
Giant Ledge Syndicate
Charles G. Tayor
John H. Taylor
W. W. Johnson
Granite & Alice
California
Wallace adopts fee for tourist camp to fund maintenance
After three years of free use Wallace will start charging for the tourist camp. Mayor Hugh Toole backs a 50 cent first night and 25 cent subsequent night fee, with expected toll of about $500 from 2000 cars, a level seen as insufficient but workable by city and forest service officials.
MENTIONED IN THIS ARTICLE
FTER
Wallace
Board For Trade
Hugh Toole
EF. C. Pulaski
Forestry Service
Toole
City
Board of Trade
Mullan
Kellogg
H. J. Rossi
Forest Service
E. C. Pulaski
Larson
Pulaski
Broken Hill Lead-Silver Ore Crosscut Reveals Rich Vein
From Spokane reports the Broken Hill property shows a large lead-silver ore body discovered by crosscut at 200 feet depth. Mining engineer Max J. Dunn, who discovered the site, said the crosscut reached the vein about 10 feet from the shaft, exposing milling quality ore. The Broken Hill claim lies in Sanders county Montana near Heron siding on the Northern Pacific with much stock held in Mullan.
MENTIONED IN THIS ARTICLE
Broken Hill
Spokane
Max J. Dunn
Kellogg
Sanders County
Montana
Heron Siding
Northern Pacific
Mullan
Western Union Mine Ore Shoot Shows Strong Richness
Reports from the Western Union mine indicate the ore shoot shows stronger and richer ore in drifts 60 feet below the main tunnel level. The west drift reveals a near full face of high grade lead silver ore about 150 feet from the foot wall, while the east drift shows a comparable high grade showing. The overall display is highly satisfactory and suggests the ore shoot extends to great depth.
MENTIONED IN THIS ARTICLE
Winze
Western Union
Winge
Ajax ore cars land big order from Butte mine
The Coeur d Alene Hardware and Foundry Co reports a 40 car order for 85 cubic foot Ajax automatic side dump ore cars from Butte and Superior Mining. Other orders total 62 cars prompting a night shift. The Ajax car was named after the Ajax Mining Co test in Burke's crosscut.
MENTIONED IN THIS ARTICLE
Coeur d'Alene Hardware & Foun Jary Company
Butte & Superior Mining Company
Butte
Wallace Company
Coeur d'Alene Hardware & Foundry Company
Tamarack & Custer Company
Federal Mining & Smelting Company
Ajax
Glenn Coulson
Ajax Mining Company
Burke
Sherman Lead Company Stockholders Meeting Set
Sherman Lead company stockholders have a annual meeting on February 7 in the Day building at 7:00 p m. The Days own the property near Burke formerly known as Union It joins the Tamarack and Custer on the wear with the eastern end reaching Burke. Previous development in Union tunnel and Hidden Treasure exposed substantial lead silver ore, suggesting potential production if metal prices rise.
MENTIONED IN THIS ARTICLE
Sherman Lead Company
Burke
The
Union
Tamarack & Custer
Wear
Sherman
Union Tunnel
Hidden Treasure
Amazon Dixie Mill Proves Big Ore Body
Dixie Mining reports a rich ore zone at Amazon Dixie with a 12 to 15 foot wide main shoot and up to 100 feet long. Assays show high silver and lead with notable copper content and projected 70 percent lead and over 20 percent copper concentrate from samples. A 100 ton daily mill is planned with testing at multiple plants to optimize recovery before expansion.
MENTIONED IN THIS ARTICLE
Dixie Mining Company
Wesley Everett
A. W. Kilenberger
Cleveland
Frank J. Davey
Wallace
Amazon
Also Mentioned on This Page
Chester T. Kennan
Mayor Toole
Smoot
M. H. Sullivan
Amazon-Dixie
Lealle ‘Company
Amazon‘Dixie
Leslie Company
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