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Show INTER-MOUNTAI- N MINING REVIEW. lode mining was confined to fissure, INTER-MOUNTA- IN 3 by making it impossible for to operate at a profit. mine-owne- rs veins nearly perpendicular, and subsequent discoveries have .demonstrated the desirability of its repeal. In fact, The Review is pleased to note that the courts have been compelled to its recent suggestion to those bankers Devoted to the Mining and Smelting Interests of modify arid amend it, and thus usurp who profess friendship for silver, that West. the the functions of the legislative power. they might furnish proof of their sinRoom H Coal veins were exempted from its opby C. T. ARTE, Published Weekly cerity by transferring their accounts 223 Atlas Block. eration, for the reason that its appli- to the Mercantile National, the only free cation to such veins would give the coinage bank in New York City, meets TEBMS : apex location miles of territory . The the approval of the intermountain (Payable in Advance.) 82.00 Year One gold vein; resembles a press. Some of the Idaho papers are 1.00 Camp Floyd Six Months coal deposit in this respect, and an apr now agitating the subject, and are 50 Three Months 83 Mexico and Canada, To England, per year, plication of the apex law wouid be calling upon the local banks to explain postage prepaid. without reason or justice. turn backs their why they upon the While there is little ground for the friends of silver and continue to supEntered at the Salt Lake City Postoffice as matter. s fear that such a rule will be laid down, port the enemies of the great Western it is to the interest of all owners of industry.. Of . course the business of Salt Lake City, Mabch, 12 1896. claims in the district that the matter the banks is conducted upon a coldbe pushed through the courts as speedblooded business basis, and they are ceras is The ily possible. question The Incorporation Deluge. seldom influenced by sentimental moto come tain up sooner or later, and tives, but. this is not entirely a quesThe deluge of- mining incorporations its proper settlement at this time will tion of sentiment. has filled some good souls with alarm, have a beneficial effect upon the The owners of mining claims in the but thus far there is little to justify tax their fears. The threat of a Deep Creek country, many of whom Consolation for Investors. is largely responsible for this stampede have stuck to their properties through of the incorporators. It is undeniable and thin for the last twenty were sorely thick Eastern investors who comnew multitude of that in this years, awraiting the coming of the locowere because unable disappointed they panies there are many whose properties to secure motive, are again lifted to the seventh Cleveof of issue the last any are of doubtful or undetermined worth, heaven of blissful anticipation by the 3 land bonds are invited cent at per combut in the main the companies are proposition of St. Louis and local capito peruse these figures: talists to construct a railroad. If the posed of citizens of good repute, and The Centennial-Eurek- a mine is payfew if any of them are claiming to dividends equivalent to 1 per cent project is successful, it will fill the ing have something which they have not. month on $200 per share; the stock vast region to the southwest with minper No one knows what development work has been ing camps, open up many great pro$65 to $70. for selling will disclose in the Camp Floyd disThe Bullion-Bec- k is paying 1 per ducers and bring rich reward to those trict. That the gold vein underlies a cent per month on $25 the wTho have been waiting through so share; per vast area is a demonstrated fact, and stock is many weary years. fluctuating around $7. surno claims whose make companies The Silver King is paying 1 per cent face showing whatever are fully justiSenator Frank J. Cannons resoluper month on $25 per share; the stock fied in inviting capital to assist them in is held at $15.50. tions of inquiry indicate a purpose to Investors exploring their ground. The Mercur is paying 1 per cent per harass the Autocrat of the Interior deshould investigate the local standing month on $12.50 per share; the stock is partment until that official explains of the companys management before why he has not throwm open to entry quoted at $7.50 to $8. inbuying its stocks, and secure some The Utah is paying 1 per cent per the asphaltum lands of the Uncomr formation concerning its property, month on $2 per share; the stock is held pahgre reservation, as directed by act MINING REVIEW. Inter-Mounta- in . second-clas- - 50-ce- nt which is easily obtainable. A wide berth should be given all concerns that agree to buy back the stock at an advanced figure, w'ithin a certain period, as well as those that guarantee regular dividends. In a nutshell, all an investor needs is a reasonable amount of common horse sense. People who are induced through alluring prospectuses to buy mining stocks simply because they are cheap, and with sole reference to their cheapness, simply illustrate the old saw concerning the fool and his money, and the result of such reckless gambling will be the knowledge that Sold Tis no glitters. All that glitters is that not gold. A fish fresh r or salted one thats easy sold.enough is- - Should be Settled. It is stated that a movement is on t looking to the removal of the aPex and dip cloud that now overhangs the Camp A certain Floyd district. company, it is understood, will prove op on its apex and institute proceed-lnf- 8 in order to secure a judicial deterof the rule that is to be mination t0 the district. It is hardly con-tkthe law of apex and dip aPPlied to the Camp Floyd at l a an application would crowning outrage of our infa- ?linInS cde. The apex law was e frnUS s t0 mee conditions known to at the time of its passage, when at of $1.35. The Ontario is paying 1 per cent per month on $10 per share and expending large sums in permanent improve- Congress. Congress will never learn from the Secretary himself his true reasons for setting aside the law, but it is just as well to give him an ments. The stock is held at about $13. occasional prod. The Horn Silver is paying 1 per cent per month on $16 per share; the stock Macys Our Government, used as is selling at about $2. a text-boo- k in the Idaho schools, None of these mines show signs of teaches the youth that it is wrrong to exhaustion, but on the contrary, give tax notes, mortgages and bonds, and every promise of increasing their divi- its treatment of the silver question Is dends. There are many other proper- also objectionable, for w'hich reasons ties in Utah, as well as. .in Idaho, now the press of that State demands that being developed, that are certain to it be dropped from the list. become dividend-payer- s, and in which The Idaho Mining Exchange at Boise stock can now be purchased at a low' figure. Verily, there is no reason wThy is securing a fine collection of ores investors should grieve over the failure from all the mines of the State, each exhibit being accompanied by a deto buy 3 y2 per cent Cleveland bonds. scription of the mine. When completed, The announcement that the Gold this collection will furnish valuable and Silver Extraction Company of information concerning the mineral reAmerica will erect a custom mill in sources of the State. the Camp Floyd district, noted elsewhere, will be. good newrs to the ownMining papers, good, bad and indifers of claims in that district. It is ferent, are springing up as thickly as of blades of grass in the spring. The latnow' impossible for the mine-own- er limited means to realize profits from est to reach the Review is the Idaho the operation of his property, and in Mining Journal, an eight-pag- e wreekly, this respect the district differs from all published at Boise by W. H. Steacy. others. Fears are expressed that the A Denver mining stock broker recyanide claimant, will endeavor to shut out competition in custom w'ork ceived an order for one share of stock, inclosing 10 cents to pay for by demanding exorbitant royalty from the competitors, and place the treatment it. The broker declined to fill the orcharges at an unreasonable figure, but der, but it is not stated whether he it is not likely to cut its ow'n throat returned the dime. w-rit- er |