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Newspaper
Wallace Miner
Location
Wallace, Idaho, United States of America
Date
Jul 05, 1923
Page
2
The Wallace Miner is listed as a second class mail matter at the Wallace Idaho post office. It is published weekly on Thursdays by Wallace Printing Company located at 506 Bank Street and led by A. J. Dunn as proprietor or editor.
On Thursday July 6 1923 FP W Brownell of the American Smelting Refining Co and F Kelley of Anwoomba Copper Mining Co are reported favorable to the conference. They support steps to maintain silver prices and broader silver metal actions. The plan meets strong support across silver producing countries, signaling hopeful prospects for the silver market.
Alaska may gain from federal attention as President Harding plans a first hand inquiry into its vast natural resources. The trip with interior and agriculture secretaries aims to reduce red tape, promote settlement and capital, and harmonize policies amid past disputes over resource control and reclamation.
Analysts note a surprising drop in lead prices from 6.85 to 6.65 as domestic demand remains tight and mines run at capacity. The slide is linked to foreign supply shifts and silver price changes, pressuring profitable production while rail and processing costs stay high.
Definite steps have been taken to convene silver producers from the western hemisphere to adopt a concerted action to maintain prices for profit. The move aims to end London broker influence and have western producers set the value of their product. Initial opposition from large smelting interests appears to have faded as leaders of two major entities back the proposal.
The removal of Arthur P. Davis, longtime head of the reclamation service, and the appointment of ex Governor D. W. Davis as chief mark a major bureau shift. Idaho welcomed the new head amid irrigation confidence, while critics questioned the abrupt dismissal of Arthur P. Davis after forty years of federal service.
A Harrisburg Telegraph opinion warns against a proposed constitutional amendment allowing a two thirds congressional vote to override Supreme Court rulings. The piece argues such a change would grant Congress power to abolish the Constitution, endanger freedom, and reduce the country to majority rule over institutions and the judiciary.
Henry S. Pritchett argues in the Carnegie report that an army of youth seeks college, but many would prosper in other vocations. He notes too many seek white collar or professional paths while the blue collar pick and shovel worker is in demand, yet few want such work.
A description of a coordinated effort where workers move dirt with shove and horses, a truck drags up a rough incline, a steam shovel follows a single guiding plan, and a steam-powered car is guided to complete the task in a fraction of the time and cost.
A group of 18 U S geologists-land survey prospectors-land in Alaska ahead of Harding. They survey 85 000 acres of swamp along the northern coast to estimate oil, study rock formations, and plan extraction while facing permafrost, seasonal thaw limits, and technical hurdles. The Navy seeks vast oil supplies, complicating public entry and private stakes in the field.
The Premier proposes a national plebiscite on party platforms rather than candidates, allowing parties to select representatives to enact pledges in proportion to total votes. The author argues personalities often override principles, weakening responsible government.
The army general staff has drafted plans to mobilize the United States fighting forces immediately in an emergency. The plan includes mobilizing the national guard to 375,000 men and rapid training of a large civilian reserve army as the nation’s main fallback in any prolonged conflict.
Daniel Webster praises the United States on the seventy‑fifth anniversary of independence. He recalls the 1776 declaration, the blood shed, and enduring liberty while urging Americans to unite as one people, proud of the nation’s heritage and future generations.
A stockholders letter from H J Arnett alleges mismanagement at Black Bear Mines Company, urging a stockholders meeting to elect a new board. He cites 1922 receipts and disbursements, accuses director Bernier of seeking commissions, and warns a treasury-stock deal within 60 days without commissions. Pending proxy urged to sheriff R E Wenninger of Wallace Idaho for stockholder action.
Henry M. Lancaster arrived in Wal lace from the east last Monday and went to Grants Pass to develop a copper gold mine about 18 miles from town. He crosscut the ore body 160 feet wide averaging 4 to 5 percent copper and $2 to $3 in gold, with iron pyrite present. He plans a pyritic smelting plant using oxidation heat rather than coke. He expects the venture to succeed.
F C Rood of Walla Walla, president of the Clear Grit Mining Company, arrived Monday and inspected the companys property between Delta and the North Fork. Drift and crosscut work have shown an encouraging vein, and financial arrangements are in place to push development starting mid July.
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