Salt Lake Herald-Republican | 1915-04-18 | Page 44 | Urges Honesty in Mine Deals

URGES HONEST HONESTY IN MINE DEALS DEAS Head of Smelting Company Co Says Intermountain States Should Protect Investors Harry L L. L' L Day of ot Wallace Id Ida presIdent president president pres pres- ident o of the Federal Smelting Mining Min Mm- ln- ln ing lug company which owns or controls mines In the tho Coeur dAleno district was wasat wasat wasat at the Hotel Utah yesterday on his wa way from frem San Francisco FancIsco to Wallace Mr Day predicts that mining In the west will 11 again be considered a a good Investment investment invest Invest- ment and urges that those who have claims In dl districts making a good showing finance nanco their properties on a sound basis ie tic ie asserts that the tho mining Industry in Idaho has received a setback on account o oi of stock In former years and he ime advises that those wh who own mines get together and form an nn association forthe for tor forthe the protection of ot both mining raining men and Investors The Tho intermountain country Is one of the best mining sections of tho the United States said r Mr Da Day but tho the get rich quick clement element has almost ruined the chances of the small smal mine owner The larger which can get all al the time finances the they need are not affected but tho the Individual with wih a good od property has hag almost to give ghe It away In order to get mone money for tor development work worle I r 1 look look- to the time time Ime when Utah Idahoan Idaho an and l Nevada evada will wl get et together in the mining business and pass laws to protect protect pro pro- oct both mine owners and Investors There are ar a number of or of districts In n southern and eastern Idaho which are arc aregood aregood good goot producers but owing to the methods meth employed d in iii booming the districts I mining there thero has received a black eye We have been trying to get laws through h the time Idaho legislature to aid the tho mining In industry but wo We have been beon blocked In a m measure by the time work of administrations The high rate lato of taxation In iii Idaho al also aleo o has imas something something some some- thing to do with tho the difficulty of oC financing Industries and while whilo hlo Gov Goi Go Moses Alexander claims claims to have have saved aved the state I do not think th that It will wil reduce taxes one cent The stir str which always accompanies politics politico Is ia holding Idaho's attention to th the politicians poll poli pol- pol rath rather r than permitting the time state to promote development and interest tho the Inv Investor stor