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Show Etf TE 3nterflDountain fBMnino IReview. Devoted to the Mining and Smelting Interests of West. the Inter-Mounta- in PUBLISHED WEEKLY 223 Atlas Block. terms: One Year (Payable in Advance.) Six Months Three Months To England, Mexico and Canada, postage prepaid. NT Al N MINING REVIEW. ders will seek other investments, and as gold mines seem to be in high favor, the Western mining industry will doubtless receive stimulation. BOISES IMPORTANCE. As stated in a recent issue of the Mining Review, the construction of a BY C. T. HARTE. Boom R-M0U- $2.00 1-J- 0 50 53 per year, railway line that will connect Boise with the rich mining districts of Owyhee county is now assured. Articles of incorporation were filed at Boise last week by the Boise, Nampa & Owyhee Railroad company, and the purpose is to construct a road from Nampa, on Entered at the Salt Lake City Postoffice as the Short Line, to De Lamar and Silver matter. s City. Fremont Wood, attorney for the company, states that work will be comat once, and contracts for the Salt Lake City, February 11, 1896 menced first eighteen miles of grading will be The Mining Review will supply Eastern let within a few days. The incorporasubscribers with any information con- tors are Edgar R. "Wilson, Nathan cerning Utah mines and mining stocks, Falk, R. E. Green and Fremont Wood second-clas- . without charge. The Review is not con- of Boise, F. G. Cottingham and S. F. nected with any speculative scheme or Kesler of Silver City, and $65,000 of the mining bureau, and its opin- $1,000,000 capital has been subscribed. ions are unbiased. have been made to float so-call- ed Arrangements the bonds for the entire road. THE POPULAR The construction of this road will not only aid greatly the development of the The bids for the popular loan aggre- mineral resources of Owyhee county, gated a sum far in excess of the admin- but it will increase the mining importistrations expectations, and there is ance of Boise. This enterprise, with LOAN. 4 great elation and felicitation among the the organization of the Mining Exgold bugs. The subscriptions reached change, the development of the Boise $550,000,000, or within $100,000,000 of the gold belt and the erection of a custom entire stock of gold in the United mill for the treatment of the ores of States, and the offers ranged from par the district, will bring Boise to the up to 150 for a small sum. The allot- front as an important center of mining ments have been made and the Morgan operations. of the $100,-00- 0 syndicate secures one-thir-d at about 36 per cent. The balance goes to other banking and financial institutions at a slightly lower rate of interest. The gold reserve will soon be restored and then the Wall street patriots will return to the interesting occupation of carting the gold back to their vaults. Thus the treasury will again be stranded, the administration will be forced to float another popular loan and the glories of the single gold standard will be exemplified without end. The nations debt will soon reach an apalling figure if it continues to increase in $100,000,000 installments, but we should reck not of the morrow, while Wall street fattens and thrives. This is a Government by the people, the voice of the people is the voice of God, therefore the things that are must be right. "While this is not very profound reasoning, it is the logic of the goldites. As a matter of course, the success of the popular loan is pointed to as a vindication of the Great Man at the White House, and as an evidence that the people are not frightened by the prospect of silver legislation. The popularity of the loan was confined chiefly to the bankers, and its success simply indicates that they expect lo continue in control of the Governments financial policy. So long as they have confidence in their ability to administer treasury affairs they will be willing to loan money to the Government at 3 y& per cent and sell the securities at a so-call- ed The dispatches tell us that British conservatism looks askance upon the South African millionaires and their glittering 400 per cent mining schemes, and that the slow-goin- g mercantile and investment classes, who have spent their lives in a 6 per cent atmosphere, entertain a bitter feeling toward the Barnato regime. This is a condition not w'holly peculiar to London and South Africa, as America has her full share of the conservatives, sometimes designated as Silurians, who look with suspicion upon every new field of investment and are horrified by the suggestion of a mining venture. Three months ago this class were daily predicting the collapse of the South African bubble and lamenting the fate of the victims. A shrinkage occurred, but no collapse, the Englishmen continue to pour their dollars into the Transvaal hopper, 6 per cent propositions go begging, and it is just coming to the knowledge of the conservatives that the South African bubble has three and a half billions in gold behind it. The truth is that the people of this new era are determined to go mining, and all the brakes that conservatism may set cannot stop them. . 3 management. A winze was sunk and other expensive exploration work done in the hope of finding the ore body that had been left far behind. Finally the superintendent went back toward the mouth of the tunnel and started another winze, just for luck, and purely through luck struck the vein. Upon another property a shaft was sunk several hundred feet and work abandoned, when it had reached a depth just a few feet above the point where an intelligent survey of the ground indicated the ore body wTould be found. The owners of mining claims will find that money spent in the employment of a competent mining engineer to direct development wrork is wisely expended. The Review would advise all mine-owneand prospectors of this State to carfully study the provisions of the mining bill introduced in the Legislature by Representative Raddatz. It changes the present law in many important respects, among which is the requirement of 160 cubic feet of assessment work within sixty days after date of location. Heretofore this matter has been left to the districts, in some ot which no assessment work has been im- posed, other than that required by the United States statutes. Therefore, a location made on the 1st of January could be held until December 31st of the following year, or two years without the expenditure of a dollar and the location of a whole district by a few men has been made possible. The Raddatz bill in this respect is all right, and the provision requiring the filing of a notice of consolidation of claims Is also a wrise one. rs The Mining Review protests against the application to Mercur of the terms Cripple Creek of Utah and JohannesMercur is not the burg of America. Cripple Creek of Utah, nor the Johannesburg of anything. It is simply the incomparable Mercur of Utah, and there is nothing like it the world over. Johannesburg might not improperly be called the Mercur of South Africa, but those who behold Mercur declare it is greater than a Johannesburg. The chief objection to the mine inspection bill now before the Utah Legislature is that it places too much power in the hands of the inspector, as it gives that official authority to frame a code of rules for the operation of the mines. It is held that the Legislature should fix these rules and regulations and that the sole duty of the inspector should be their enforcement. The Nevada Daily Tribune, published at Carson, is kind enough to say this: The spiciest and most reliable mining journal published in the West is the Mining Review, lately started in Salt Lake. The reader is interested from the initial to the closing page, and gains much valuable inIf all accounts are true, thousands of formation. dollars have been thrown away and some failures recorded in the Camp In a recent issue of the Mining ReFloyd district as the result of placing view it was stated that a ton of gold development work in the hands of men was worth $496,123.20, and a ton of siL profit. with little or no practical experience ver $32,672.80. It should have read 2000 Now that the hundreds of millions in mining. It is related that in one pounds troy, instead of a ton. A ton that were tied up by the bond bids a tunnel was driven straight of gold, avoidupois, is worth $602,921.23, haNe been released and confidence has property the vein and a hundred feet and a ton of silver, coinage value, been restored, the unsuccessful bid through without the knowledge of the beyond, Inter-Mounta- in |