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Wallace Miner in Wallace, Idaho

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This newspaper page contains 14 articles. Subscribers can read the full text of each article.

Newspaper

Wallace Miner

Location

Wallace, Idaho, United States of America

Date

Jan 25, 1923

Page

5

Silver policy voiced by Idaho official in Boise

Ravenel Macbeth, longtime Idaho State Mining association secretary and state senator from Custer county, arrived in Boise to press mining leaders on the silver issue. He cites support for Nicholson of Colorado’s resolution creating a national commission, explains Pittman act implications, England’s seigniorage, and potential boosts to American silver circulation if Smoot bill passes, while noting India China and Germany factors and the need to restore silver dollars to banks.

Ravenel Macbeth Idaho State Mining Association Custer County Boise Washington Macbeth Denver Salt Lake Boise Statesman Nicholson Colorado Treasury Pittman National Commission Simcot Idaho Mackay Senate England India China Germany Orient London America Great Britain Spokane Chamber of Commerce Ladenburg-Thalman New York France United States Mint Treasury oMcials Smoot Senate Finance Committee

Marsh Mines Consolidated Board Calls One Cent Per Share

Marsh Mines Consolidated directors levy an assessment of one cent per share, aiming to raise about $20,000 for continued development. Moore reports assay shows silver and lead values but no commercially valuable ore yet, though optimism remains. A fault at Russell tunnel level 940 feet up shifted the vein about 50 feet north. the eastern segment is found and vein traced over 400 feet, a wet fissure two to ten feet wide with quartz and some mineralization typical of Coeur d Alene veins.

Moore Marsh Mines Consolidated Russell Tunnel Coeur Alene

Road Improvements Set After Rail Officials Conference

County commissioners and the C W R N company reached a satisfactory agreement on a highway realignment west of town. The route will parallel the railroad from the Continental oil station to opposite the bridge crossing the river near the old sampler site. Proceedings included Joseph A Murphy state highway engineer, William Connelly railroad officials, J W Robb and James A Wayne. The change will remove Markwell Hill, with bids to construct the 4.17 miles of improved state highway and Pine Creek work to follow. Bridge work will have concrete abutments ready by February 1.

C.W. R. & N. Company Continental Oil Station Joseph A Murphy William Connelly J. W. Robb James A. Wayne Markwell Hill Pine Creek J. W. Dyers

Crop Forecast Warns of Promoters in New Year

A crop forecast from the Engineering and Mining Journal warns suckers may face a year of fake schemes and crooked promoters. It notes unsettled blue sky legislation and urges caution, citing broker pamphlets from Los Angeles with flashy mine and oil property offers.

Engineering and Mining Journal Press Los Angeles Kingman Ariz Yuma Cripple Creek

Stock Dividends Boost Capital Stock Dramatically

In the last quarter of 1922 the capital stock of several hundred corporations rose by over 2 trillion dollars as estimated by the Associated Press. Nearly all the increase was paid out to stockholders as stock dividends, signaling broad equity expansion.

Associated Press

Fall of Russian ruble marks a new era of decline

An excerpt describes the collapse of the German mark and the ruble, noting Russia's economic ruin in Petrograd. It depicts hyperinflation, ruined infrastructure, and the emergence of a new Soviet bourgeoisie, with references to factories, wages, and living costs.

Sonora A. H. Featherstone George L. Richardson W. A. Smith Otto Dubeck Conrad Holts D. Cole George Reese Juto Petrograd Novski Prospekt Nevakt East Uwine Russia Moscow

Want to Be a Good American

In 1910 during forest fires near Coeur d Alene, Tony an Italian immigrant volunteers to warn doomed miners atop Striped Peak. He risks life amid flames, returns badly burned, is celebrated as a hero in Wallace while reaffirming his wish to be a good American despite language barriers.

Russell F. Collins Wallace Idaho Coeur d'Alene Big Creek Pulaski Jin Tony Wallace Town

North Star mining crosses toward north vein near Black Cloud

G W Dougherty of North Star Mining says a contract to extend the main crosscut was let to Chas C Garton this week and work is proceeding. The 1200 foot crosscut aims to reach the north vein about 600 feet deep beneath a large blowout, near Black Cloud two and a half miles from Wallace. One pound of saccharine sugar equals a quarter ton of sugar.

G. W. Dougherty North Star Mining & Development Company Chas. C. Garton Pougherty North Star Black Cloud Nine Mile Wallace

Sonora Crosscut Discovers Promising Galena Vein

A new vein on the Sonora property was located about a year ago and a crosscut begun. Last week the crosscut reached the vein at roughly 60 feet depth, revealing a fine galena show. Width and extent unknown, but the ore body warrants deeper development planned by management.

Sonora

Coeur d Alene mining assessments listed for several firms

A historical notice lists assessments levied by Coeur d Alene mining firms including Ajax, American Mines, Big Elk, Copper King, Giant Development, Jerome Silver Lead, New Hope, Oreano, North Bunker Hill, North Star, Silver Mountain, Saltese Consolidated and Silver Dale Big Hill. Details include levy dates from January to November, amounts from 1 cent to 5 mills, payment targets to named treasurers or secretaries, and delinquent sale dates ranging February to April with post times where indicated.

Ajax Mining Co J A. Havighorst W. 1Th Avenue Spokane Big Elk Mining Co A. H. Featherstone Wallace Copper King Mining & Smelting Co H. W. Ingalls Mullan Giant Mining & Development Co E. R. Turk New Hope Mining Co Otto A. Olsson Oreano Mining Co John Dolan Waljiace North Bunker Hill Mining Co N. T. Hardy Keloge North Star Mining Co T. S. Tweed Silver Mountain Mining Co Phil Tice Potlatch Idaho Saltese Consolidated Mining Co Harry W. Smith South Stevens Street Silver Dale & Big Hill Mining Co D. W. Knudson Kellogg

Sherman Lead Company annual stockholders meeting set

Sherman Lead Company calls its annual meeting for stockholders in the Day building Wallace on February 7 at 3 00 p m. P J Maggy secretary.

Sherman Lead Company Wallace J. Maggy

Lookout Mountain to Begin New Tunnel for Vein Depths

Lookout Mountain Mining plans a tunnel on the vein at 1000 to 1200 feet below upper workings after sinking 80 feet and drifting ore east and west. The vein is exposed near ore bins by Pine Creek and ore indicators are favorable. The move follows geologist Oscar Hershey’s recommendation. The note adds a curious line about sleep periods.

Lookout Mountain Mining Company Pine Creek Oscar Hershey

France actions in Ruhr occupation draw mixed American reactions

A New York newspaper hails France as occupying the Ruhr while noting Britain and America appear neutral between France and Germany. The piece argues the U.S. cannot remain neutral and must acknowledge its role in World War I and resist letting aggressors burden victims, underscoring a moral duty to uphold justice and liberty.

Ruhr New York Great Britain America France Germany

Daily Metal Quotations Set Basis for Settlement

The Engineering and Mining Journal provides daily quotations for silver lead zinc and copper used as the settlement basis in smelter contracts. Quotations reflect sales reported by producers and agencies, reduced to New York and St Louis cash basis. Prices are in cents per ounce for silver and cents per pound for the other metals, with copper often sold delivered including seller freight.

Engineering and Mining Journal New York St. Louis

Also Mentioned on This Page

Idaho Mining FUL Outlook Marsh ST. Petersburg Italy Rome Striped Peak American Mines Co H. Pattison Walace Central Miss Effiney Lookout Mountain N.Y Electro Taos T Agai Troy Enon Detober Severon Ee Aebor
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