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Show INTER-MOUNTAI- MINING REVIEW. N a spectacle 3ntetflDountain so supremely ridiculous as this effort to pour gold into the treaflDinino IReview. sury faster than the bankers can draw it out. And this will continue until the Nations rulers return to the use of Devoted to the Mining and Smelting Interests of both money metals in the redemption West the of its obligations. This is what France PUBLISHED WEEKLY BY is doing, and it is common-sens- e Inter-Monnta- in C. T. HARTE. Room 223 Atlas Block. MINING LEGISLATION. TERMS: One Year (Payable in Advance.) Six Months Three Months To England, Mexico and Canada, postage prepaid. f.00 50 33 per year, Entered at the Salt Lake City Postoffice as matter. second-cla- ss Salt Lake City, Januaby 21, 1896 CAPITAL PARALYZED. A Salt Lake gentleman who recently visited the business centers of the East and interviewed some of the leading financiers of the country brings back the information that capital is simply paralyzed with fear of further financial disturbance. Not one dollar is now available for investment, no matter how alluring the opportunity. It is hoped that this apprehension will be allayed by the success of the popular loan, but many are filled with doubt and the situation is one of uncertainty and dread. Secretary Carlisle announces that the success of the new loan is assured, which announcement will raise grave doubts in the minds of the public, and is sufficient cause for belief that the new popular loan is doomed to certain failure. The country has learned by tiresome experience that it is always safe to copper Carlisles statements. It is also given out at Washington that the Treasury officials are not apprehensive over the situation. This announcement has a familiar sound During none of the several crises that have alarmed the country during the Carlisle regime have the Treasury officials been apprehensive or given evidence of the least concern, except when the effort was made to scare Congress into compliance with the demand that $500,000,000 of currency be retired. Mr. Carlisles complacent contemplation of impending disaster is due either to a clumsy effort to deceive the people or to incapacity to appreciate the gravity of the situation. What will be the effect of this new loan about to be made by the Nations undismayed financiers? The relief afforded will be of the briefest duration. It will add $100,000,000 to the interest-bearin- g debt and the proceeds will melt away like snow beneath the summer sun. The greater part of the gold to pay for these bonds will be drawn from the vaults of American banks, and before Carlisles signature to the document is cold the banks will commence to draw the gold back by the presentation of treasury notes for redemption. The Government will have the $100,000,000 for just about a minute and then the banks will have both the bonds and the gold, and the Nation will still have a depleted reserve. The financial world never gazed upon 3 BOISES EXCHANGE. The Boise Mining Exchange will complete its organization on the 22nd, which will be an event of considerable importance to the mining Interests of the State of Idaho. The purpose of the Boise Exchange is not primarily to promote trading in stocks, but to advertise and make known to the outside world the great mineral resources of the State. An adequate fund has now been provided by the exchange, which will immediately proceed to set before investors the opportunities presented by Idaho mines. The Review congratulates the State of Idaho upon the inauguration of this movement, which cannot fail to attract capital and accomplish the development of districts that have hitherto received little attention. The exchange will serve as a bureau of information to outside investors and disseminate knowledge concerning the mines which has not been available. The development of Idahos mines has been retarded by lack of capital, and capital has been indifferent because of a lack of information. Now that these conditions are to be changed through the enterprise of Boises citizens, our northern neighbor will secure her full share Those who own mines and those who work in mines should keep an eye upon the Utah Legislature. Not that this distinguished body is lacking in integrity or is open to suspicion, but most important legislation, affecting the interests of all engaged in the mining industry, is likely to be enacted during the present session, and those whose interests are at stake should see that no unjust or unnecessary hardship is and that imposed upon the mine-owne- r, no wise and proper precaution for the safety of the miner is overlooked. There should be no clash between the two and mine emclasses. ployees will doubtless be able to agree upon a reasonable and adequate code of regulations for the operation of the mines, but it should not be taken for granted that the members of the Legislature are sufficiently familiar of the benefits resulting from the preswith mining conditions to enact just ent revival of interest in mining such measures as are needed, without suggestion or advice from those whose The disturbances in South Africa are welfare is affected. calculated to deter Americans from The State Constitution provides for fortunes in that region. They the taxation of mines, the improve- seeking ments thereon and the net revenues de- will hardly be the losers, as recent accounts indicate that there are no greatrived from their operation. The pres- er opportunities on the dark continent ent Legislature will enact the legislaare presented in America. tion necessary to render this Constitu than tional provision operative, and the subThe words of commendation from of one is to such vital importance those interested in mining in this reject mining Interests as to require most gion and the substantial support given The welfare of the Mining Review are a source of excareful deliberation. the State, of course, should not be over- treme gratification to the publisher. looked, but such excessive burdens as The advertising and subscriptions have would discourage the investment of greatly exceeded and inoutside capital should be guarded dicate that this expectations, community appreciates against. the importance of sustaining an honLaws will also be framed governing est and independent mining journal. the incorporation of mining companies. Although it has been less than two The powers of such corporations wil be defined and certain requirements im- years since development work was composed, which are matters requiring menced on the Sunshine mine, in the Camp Floyd district, the property now careful attention. The appointment of a State Mine In- has a mile of underground workings, spector should be so governed as to nearly every foot of which is in pay make the selection of an incompetent ore. The companys mill has been in inexperienced person impossible, as the operation less than two months, and no proper execution of the law' will depend dividends have been paid, yet the small largely upon the character of this ap- amount of stock afloat is held at a price which gives the property a valuapointee. The provisions governing the opera- tion of about $875,000. And this is but tion of mines will embrace regulations one of Camp Floyds mines. concerning the use of explosives, tim When the factories of the East are bering of the workings, uniform sys- blessed with plentiful orders at profittem of signals, etc., all of which are of able prices; when the farmers of the and to deep interest to East are vouchsafed bountiful harminers. the Western press rejoices over Every measure introduced should be vests, the prosperity of its s. closely scrutinized by those most directly interested, and if it is not what When there is a revival of interest in they wrant they should not hesitate to the mining industry; when discoveries of rich mines and new processes induce raise a protest. investments in the West, the press of An astonishing number of Cripple the East is filled with warnings against Creeks are being discovered in various inflated mining booms and wild-cpronooks and corners of Colorado, accord- jects. That is one point of difference ing to the Associated Press and the between the press of the East and the press of the West. newspapers of that State. Mine-owne- rs mine-owne- rs fellow'-citizen- at |