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Show i t . LWRAHT vj irr of 7UTAH rv'r .1 -- ALT LAKE SELVES Vii'r r Soft Lake City, Utah, August 22, 1947 VOL 18, NO. 21. A ,, Truman Gives Reason for Mining Veto i FSJ ft V;4 vs vi ri H 14 L I & it .Will I White Pine County, Nevada. Upper left photo shows work- reason for adequate continuance, said President Truman in vetoing the bill for further payments of subsidy on lead, tine and copper. That President Truman, or some advisor, had studied necessity for the measure is evident from information contained in his memorandum. I am not unmindful of the dislocations in the mining industry which are caused by the expiration of the premium price plan, his statement said. men with modern equipment busy in breaking through for roadbed along side of the mountain. Lower scene shows road line as it moves up the canyon. Ore is now moving over this road to smelters Present Best We must all agree, however, that we cannot regard this plan as a permanent part of our economy. It is clear that the changes in employment and other following start of shipping operations. adjust- ments which are necessary at the time of the plans termination whenever it occurs, can be made more readily and with less hardship in a period of high employment and business activity, such as the present, than at any other time. . Consequently, this seems to be the best time for making this inevitable postwar adjustment. The vetoed bill would have extended federal premium payments on production from high cost mines for two years ending June 30, 1949, with a limit of $35 million on expenditures in the present fiscal year. Truman noted that two years ago, when he signed the law authorizing these and other wartime subsidies, he urged that the programs be discontinued as ' ' rapidly as feasible. .With- the. end. of hostilities and price decontrol, almost all other wartime . subsidies have been dropped, he said. Bill No Value Continuance of the metal subsidy, he went on, would contribute very little, if at all to the production of. the metals which are now scarcest. Prices of copper and lead, the shortest items, have been so high for the last six months that only a negligible part of the output has been eligible for subsidy, Truman said. With the minor, exception of payments for exploration and development work, therefore, continuance of the present plan could not materially increase the supply of these metals. , Plenty Of Zinc If the plan were restored, the great bulk of the subsidy payments, in fact, would continue to go for high cost production of zinc, the supply of which is becoming - relatively ample. Similarly, the industrial demand for manganese does not justify subsidy payments to make available a relatively minor increase in low grade domestic ore. The plan is too inflexible for peacetime use, the president said. The largest subsidies were authorized for zinc and copper, which were the scarcest during the war. Now, he said, lead is the1 scarest and zinc is fairly ample, but the bill would not permit any major, revision in . payments. Most, important, continuation -- , - . New Shell Test Near Idaho Line SheU Oil CASPER, Wyo. Company has made a bold plunge into untested territory in leaking location for its second wildcat in the Rocky Mountain area, following its entrance into the territory four years ago. Aimed for the Tensleep. expected at about 8000 feet, is its No. 1 Unit on the Smiths Fork . . structure, SW S WNE This is in the extreme western part of Wyoming, near the Idaho boundary, in a district that has had.no previous deep drilling. .. A few miles away, Continental Oil Company is unitizing its Afton . block, on which a deep test is planned next year. Meantime, activity in proven and wildcat areas continued to mount during the week, with numerous additional locations made. An important development in the Elk Basin field is provided by Stanolinds second Madison unit well which flowed in 29 minutes on drill stem from 5200- 5250 feet, after topping the Madison at 5029. Performance of this well and of its predecessor Madison test suggest that oil re serves in this field may be per- haps double those indicated by development of the Tensleep and Frontier zones alone. . of this wartime subsidy program would conflict without long-ru- n peacetime objective of conserving domestic mineral resources. While this provisions of the bill would encourage exploration and development of new ore efficient bodies, other' more methods would be preferable methods which do not inevitably involve the prematufe exhaustion of the newly discovered reserves. Short-Sight- ed It is particularly in time of peace to continue to short-sight- ed encourage extraction of metal from previously produced dumps and tailings instead of allowing these to remain available for future emergencies. Report Issued on Japan's Ferro-All- oy Industry the between and . Japans domestic , ferro-allo- industry which closed down 1931 y com- pletely after the surrender, and which in 1946 started again bn a 1948, pub- lication states. As a necessary part of this industry, production of special alloys and ferro-allo- ys anan alloy of iron-another metal also was expanded for use in various' grades of steel. In 1940 and 1942, ferro-allo- y production reached an all-tihigh of almost 144,000 metric tons. reBefore 1931, ferro-alloquired in Japanese steels were obtained ohiefly by import, according to the report.. In 19$i, however, the small domestic . reduced scale is described in a Metalpublication, Ferro-allo- y lurgy of Japan issued by the Bureau of Mines' as a supplement to its monthly. Mineral Trade Notes. The industry which reached its peak after Pearl Harbor, was developed in the thirties to meet thneeds of Japans rapidly expanding steel Industry. ores Although deficient in iron and other mineral resources, ferro-allo- y indugl Japan established a large and production to 10, important iron and steel industry nualy. . A it me ys llMl Ona Year $2.50 Aa extensive road building program 'has featured Initial work by Union Chief Mining Company at its properties in No v'J hi Features Mining, Oil, Financial ' IH1LIU h!u4) NVii lOl.aiiicitniM lWt OOFTEB GOLD (fw m ZINC (par 1M) :'5r I (fir w ISAD, PM t ;4 TALLEY tbioes ' 4 . .1 Union Chief Shipping Ore From Nevada Mine 'V Mine Group Voices Hope i . 1 For Future Mote: .4ikr Mining The recent convention Auocittlon of Montane held at Butte, Montana, which was attended by mining authorities from atatea throughout the Union developed some Interfiling facta pertaining to and put future operations of the nations mining Industry. The following excerpts from resolutions adopted at the convention give an Insight into the thinking and ambitions of those connected with the mining industry, while not the thoughts of the mining industry as a whole, the resolutions contain information interesting to a vast number of people. . Declaration of Principles We reaffirm our faith in the American form of government, as established by the founders of this republic. The 150 years of trial by check and balance conclusively proves that this is the best system yet devised by man, and that the best governed people are the least governed people. Under this system of individual initiative and free enterprise, a government has been established that is the hope and inspiration of freedom loving people everywhere; and to which disillusioned and distract countries of the world are turning for guidance and financial support. However, in this great hour of our responsibility and our keen desire to be of service to mankind, we must keep our home fires burning lest our light should become dim in other lands and our freedom become a myth. What shall it profit a man if he gain the whole world and lose his own soul? We must first clean our own house before attempting to remove the rubbish from other homes. To these principles we pledge our organized as well as our individual efforts. With shipping operations now underway from mining prop-- ' Bureaucracy in the pages of erties controlled by Union Chief Mining Company, widespread all It is written the that wnfall of history public interest is being displayed in the firms plans for regular government by the people and ore production from its Nevada holdings. for the people began with the birth of bureaucracy, centralizPurchased from the Merrimac the power in the hands of a ing Union in 1945, Mining Company few. Chiefs Nevada properties are During the past two decades situated, in the famous Arum especially, the federal governarea of the Silver Canyon Minment has increasingly been ing District, White Pine County. the functions and sovusurping Last year Union Chief conereignty of the states of this unVIRGINIA CITY, Nev. Restructed a road to the Merrimac ion, contrary to the spirit of the exon an covery operations Mine at a reported cost of some tensive scale to obtain and Declaration of Independence, the $10,000, which was completed silver that has been gold and the Bill of laying in Constitution, to the minds just .previous to the Winter the Virginia City dump and foreign Rights, piles of the season. This spring the road was since the bonanza who planned patriots great beand reconditioned and made ready fore, will be started days, this form of government. immealmost for transportation to and from diately, As a whole we see a bright according to reports from the mine. Much of the road was well informed future for the mineral industry sourcs. washed out during the intervenThe operations will be con- of the Treasure and Pleasure ing months and it is reported ducted by the Eagle Picher Co. State. Behind these latent direr-sifi- ed that considerable work was done which is said to have developed resources stands the Monthis spring to place it in good a process that will enable tana Bureau of Mines and Geoloreit to traveling condition. . cover gold and silver from dis- gy, with skilled personnel and The Merrimac property is con- carded ore in any amount from equipment, ready to sidered to contain one of the a dollar a ton upward. The com- assist practically and scientificallarger copper deposits of central pany . is said to have arrange- ly in carrying forward any line Nevada. During its early day ments to process waste ore from (Continued On Page 2) history, some of the states high- all Virginia City dumps. A. T. est grade silver was produced. Copeland, general manHowever similar to the famous ager and geologist of the comButte, Montana area, as depth pany, could not be reached yeswas obtained the values were terday, but the companys office found in copper. During more in Reno said it was expected that recent years, it is reported that work would start soon. The Eagle Picher Co., which the copper values were known to exist but lack of transporta- conducts big lead operations in tion facilities obviated possibil- and around Joplin, Mo., and othity of any substantial shipments. er operations in Truckee Canelsewhere, is one of the First plans therefore, of Union yon andand most comChief, were projected toward largest of its kind important in the panies country. constructing a satisfactory truckIts activities in ing outlet which is said to have Virginiaforthcoming City are expected to now been completed. In addi- have great effect on the citys tion to roadwork undertaken immediate future. Th SWiK by the mining firm, Nevada state and White Pine County have roads mine cooperated in constructing ftSaS by the present owners was r rtidnet" to the mine; started around, the first of. July to The property is reported of this year and shipments were contain a substantial tonnage of begun the 1st of August. It is ore assaying from 2 per cent to anticipated' that 'production will 6 per cent in copper with silver continue on a regular basis with in ounces running about a, port ion of. the pro being sent Sntent as the percentage of to the McGill Smelter and the copper. Also contained in the major portion of production beMetal Mining Industry ore are some gold values. ing (hipped to Salt Lake Valley of Utah Development work at the smelters. New Plans for Virginia City . r -- ! up-to-d- ate WNSRlMm ' - U ill t '4 |